View source for Nikkei 225

{{short description|Japanese stock market index}}
{{Use dmy dates|date=October 2017}}
{{Infobox financial index
|name        = Nikkei 225
|image       = [[File:Nikkei 225(1970-).svg|275px]]
|foundation  = {{Start date and age|1950|9|7|df=y}}
|operator    = ''[[The Nikkei|Nihon Keizai Shimbun]]''<br />(''The Nikkei'')<br />{{small|([[Nikkei, Inc.]])}}
|exchanges   = [[Tokyo Stock Exchange]] (TSE)
|constituents= 225
|currency    = [[Japanese yen]] (JP¥)
|weighting   = [[Price-weighted index]]
|related     = [[TOPIX|Tokyo Stock Price Index]] (TOPIX)
|homepage    = {{URL|https://indexes.Nikkei.co.jp/en/nkave|indexes.Nikkei.co.jp}}
}}

[[File:Nikkei 225 Index.webp|thumb|260px|Nikkei 225 Index]]

The '''Nikkei 225''', or {{Nihongo|the '''Nikkei Stock Average'''|日経平均株価|Nikkei heikin kabuka|lead=yes}}, more commonly called the '''''Nikkei''''' or the '''''Nikkei index'''''<ref>{{cite web|url=http://dictionary.Cambridge.org/dictionary/british/the-nikkei-index|title=the Nikkei (index) definition, meaning – what is the Nikkei (index) in the British English Dictionary & Thesaurus|website=cambridge.org|publisher=Cambridge Dictionaries Online}}</ref><ref>{{cite web|title=Nikkei 225|url=http://education.yahoo.com/reference/dictionary/entry/Nikkei|website=Yahoo.com|publisher=Yahoo|archive-url=https://web.archive.org/web/20111212205534/http://education.yahoo.com/reference/dictionary/entry/Nikkei|archive-date=12 December 2011|df=dmy-all}}</ref> ({{IPAc-en|ˈ|n|ɪ|k|eɪ|,_|ˈ|n|iː|-|,_|n|ɪ|ˈ|k|eɪ}}), is a [[stock market index]] for the [[Tokyo Stock Exchange]] (TSE).  It is a [[price-weighted index]], operating in the [[Japanese yen|Japanese Yen]] (JP¥), and its components are reviewed twice a year. The Nikkei 225 measures the performance of 225 highly capitalised and liquid publicly owned companies in Japan from a wide array of industry sectors. Since 2017, the index is calculated every five seconds.<ref>{{Cite web |title=指数情報 － 日経平均プロフィル |url=https://indexes.nikkei.co.jp/nkave/index/profile?idx=nk225 |access-date=2024-04-23 |website=indexes.nikkei.co.jp}}</ref> It was originally launched by the Tokyo Stock Exchange in 1950, and was taken over by the ''[[The Nikkei|Nihon Keizai Shimbun]]'' (''The Nikkei'') newspaper in [[1950 in Japan|1970]], when the Tokyo Exchange switched to the [[TOPIX|Tokyo Stock Price Index]] (TOPIX), which is weighed by market capitalisation rather than stock prices.<ref>{{Cite web |title=TOPIX |url=https://www.jpx.co.jp/english/markets/indices/topix/ |access-date=2024-04-23 |website=Japan Exchange Group |language=en}}</ref>

==History==
The Nikkei 225 began to be calculated on 7 September 1950, retroactively calculated back to 16 May 1949, when the average price of its component stocks was 176.21 yen.<ref name=Nikkei-faq>{{cite web |url=https://indexes.nikkei.co.jp/nkave/archives/faq/faq_nikkei_stock_average_en.pdf |title=FAQ (Nikkei Stock Average) |date=4 April 2022 |publisher=Nikkei Inc. |access-date=24 February 2024}}</ref><ref name=Fool-2013>{{cite web |url=https://www.fool.com/investing/general/2013/09/07/the-worlds-wildest-market-and-2-television-milesto.aspx |title=The World's Wildest Market and 2 Television Milestones |date=7 September 2013 |publisher=The Motley Fool |access-date=24 February 2024}}</ref> Since July 2017, the index is updated every 5&nbsp;seconds during trading sessions.<ref name=Nikkei-faq/>

The '''Nikkei 225 Futures''', introduced at [[Singapore Exchange]] (SGX) in 1986, the [[Osaka Securities Exchange]] (OSE) in 1988, [[Chicago Mercantile Exchange]] (CME) in 1990, is now an internationally recognized [[Stock market index future|futures index]].<ref>[http://www.nni.nikkei.co.jp/FR/SERV/nikkei_indexes/nifaq225.html#gen4 Nikkei Net interactive] {{webarchive|url=https://web.archive.org/web/20081222020349/http://www.nni.nikkei.co.jp/FR/SERV/nikkei_indexes/nifaq225.html |date=22 December 2008 }}</ref>

The Nikkei average has deviated sharply from the textbook model of stock averages, which grow at a steady exponential rate. During the [[Japanese asset price bubble]], the average hit its bubble-era record high on 29 December 1989, when it reached an intraday high of 38,957.44, before closing at 38,915.87, having grown sixfold during the decade. Subsequently, it lost nearly all these gains, reaching a post-bubble intraday low of 6,994.90 on 28 October 2008 — 82% below its peak nearly 19 years earlier.<ref>{{cite web |url=https://nikkeifutures.org/about/ |title=Nikkei Futures &#124; About |date=7 January 2014}}</ref> The 1989 record high held for 34 years, until it was surpassed in 2024 (see below).

On 15 March 2011, the second working day after the [[2011 Tōhoku earthquake and tsunami|massive earthquake in the northeast part of Japan]], the index dropped over 10% to finish at 8,605.15, a loss of 1,015 points. The index continued to drop throughout 2011, bottoming out at 8,160.01 on 25 November, putting it at its lowest close since 31 March 2009.  The Nikkei fell over 17% in 2011, finishing the year at 8,455.35, its lowest year-end closing value in nearly thirty years, when the index finished at 8,016.70 in 1982.<ref>{{cite web|url=http://www.FinFacts.com/Private/curency/nikkei225performance.htm|title=Finfacts: Irish business, finance news on economics|website=FinFacts.com|archive-date=28 October 2019|archive-url=https://web.archive.org/web/20191028235316/http://www.finfacts.com/Private/curency/nikkei225performance.htm}}{{failed verification|date=October 2017}}{{unreliable source?|date=October 2017}}</ref><!--how can a site that has not been updated since 2005 be used in a citation attempting to verify 2011 data?-->

The Nikkei started 2013 near 10,600, hitting a peak of 15,942 in May. However, shortly afterward, it plunged by almost 10% before rebounding, making it the most volatile [[stock market index]] among the [[developed market]]s. By 2015, it had reached over 20,000 mark, marking a gain of over 10,000 in two years, making it one of the fastest growing stock market indices in the world. However, by 2018, the index growth was more moderate at around the 22,000 mark.{{citation needed|date=September 2019}}

There was concern that the rise since 2013 was artificial and due to purchases by the Bank of Japan ("BOJ").<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-07-18/boj-s-etf-buying-is-said-to-raise-concern-among-some-officials|title=Japan Central Bank's ETF Shopping Spree Is Becoming a Worry| publisher=Bloomberg | date=18 July 2017}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-07-19/japan-bourse-head-turns-surprise-critic-of-kuroda-etf-purchases| title=Japan's Central Bank Is Distorting the Market, Bourse Chief Says| publisher=Bloomberg | date=19 July 2017}}</ref> From a start in 2013, by end 2017, the BOJ owned circa 75%<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-12-10/the-tokyo-whale-s-150-billion-etf-binge-seen-slowing-next-year| title=Bank of Japan's $150 Billion ETF Binge Looks Likely to Slow Next Year | publisher=Bloomberg | date=10 December 2017}}</ref> of all Japanese Exchange Traded Funds ("ETFs"), and were a top 10 shareholder of 90% of the Nikkei 225 constituents.<ref>{{cite web|url=https://www.barrons.com/articles/boj-now-a-top-10-shareholder-in-90-of-nikkei-225-1461544054|title=BoJ Now A Top 10 Shareholder In 90% Of Nikkei 225|publisher=Barrons| date=24 April 2017}}</ref><ref>{{cite magazine|url=https://www.forbes.com/sites/jareddillian/2016/04/27/what-happens-when-the-boj-owns-everything/#1a4bfa0e6f84|title=What Happens When The Bank Of Japan Owns Everything?|magazine=Forbes|date=27 April 2016}}</ref>

On 15 February 2021, the Nikkei average breached the 30,000 benchmark, its highest level in 30 years, due to the levels of monetary stimulus and asset purchase programs executed by the Bank of Japan to mitigate the financial effects of the [[COVID-19 pandemic]].<ref>{{cite news |title=Nikkei index hits 30,000 for first time in three decades |website=[[The Nikkei]] |url=https://asia.nikkei.com/Business/Markets/Nikkei-index-hits-30-000-for-first-time-in-three-decades |date=February 15, 2021 |archive-url=https://web.archive.org/web/20210215143613/https://asia.nikkei.com/Business/Markets/Nikkei-index-hits-30-000-for-first-time-in-three-decades |archive-date=February 15, 2021}}</ref>

On 22 February 2024, the Nikkei reached an intraday high of 39,156.97 and closed at 39,098.68, finally surpassing its 1989 record high, an important milestone since the [[Japanese asset price bubble]].<ref>{{Cite web |date=22 February 2024 |title=Japan's Nikkei breaks bubble-era record |url=https://news.yahoo.com/japans-nikkei-breaks-bubble-era-043253867.html |access-date=24 February 2024 |website=Yahoo News |publisher=AFP |last=Hasegawa |first=Kyoko}}</ref> On 4 March 2024, the index surpassed 40,000 (intraday and closing) for the first time in history.<ref>{{cite web |title=Japan's Nikkei Stock Average tops 40,000 for first time |url=https://asia.nikkei.com/Business/Markets/Japan-s-Nikkei-Stock-Average-tops-40-000-for-first-time |website=Nikkei Asia |access-date=4 March 2024}}</ref>

On 5 August 2024, amid a global stock market decline, the Nikkei dropped by more than 4,200 points, surpassing [[Black Monday (1987)|1987's Black Monday]] as its biggest single-day drop in history.<ref>{{Cite web |last=日本放送協会 |date=2024-08-05 |title=【速報中】株価 下落幅過去最大 1987年ブラックマンデー翌日超 {{!}} NHK |url=https://www3.nhk.or.jp/news/html/20240805/k10014537281000.html |access-date=2024-08-05 |website=NHKニュース}}</ref> The following day, it bounced back by more than 3,200 points, the largest single-day gain in history.<ref>{{Cite web |last=日本放送協会 |date=2024-08-06 |title=日経平均株価 終値3217円04銭値上がり 過去最大の上昇幅 {{!}} NHK |url=https://www3.nhk.or.jp/news/html/20240806/k10014538811000.html |access-date=2024-08-06 |website=NHKニュース}}</ref>

==Weighting==
The index is a [[price-weighted index]]. The index is calculated as follows:

<math>AdjPrice = Price \times AdjFactor</math>, then <math>\frac{\sum AdjPrice}{Divisor}</math>

*'''''Price''''' is the stock price of a component.
*'''''AdjFactor''''' is the price adjustment factor.
*'''''AdjPrice''''' is the adjusted price of the stock after multiplying by the adjustment factor.
*'''''Divisor''''' is the index divisor.

{{as of|2024|7}}, the company with the largest influence on the index is [[Fast Retailing]] ({{tyo2|9983}}), at about 10% weight.

== Contract Specifications ==
The Nikkei 225 is traded as a future on the Osaka exchange (OSE). The contract specifications for the Nikkei 225 (OSE ticker symbol JNK) are listed below:
{| class="wikitable"
|+Contract Specifications<ref>{{Cite web |title=Historical Nikkei 225 Intraday Futures Data (JNK) |url=https://portaracqg.com/historical-futures-data/historical-nikkei-225-intraday-futures-data-jnk/ |access-date=2022-10-28 |website=PortaraCQG |language=en-US}}</ref>
!Nikkei 225 (JNK)
!
|-
|Contract Size:
|Nikkei 225 Index X Y1,000
|-
|Exchange:
|OSE
|-
|Sector:
|Index
|-
|Tick Size:
|10
|-
|Tick Value:
|10000 JPY
|-
|Big Point Value (BPV):
|1000
|-
|Denomination:
|JPY
|-
|Decimal Place:
|0
|}

==Annual returns==
The following table shows the annual development of the Nikkei 225, which was calculated back to 1914.<ref>{{Cite web|url=http://www.finfacts.com/Private/curency/nikkei225performance.htm|title=Finfacts: Irish business, finance news on economics|website=www.finfacts.com|access-date=2020-01-19|archive-date=28 October 2019|archive-url=https://web.archive.org/web/20191028235316/http://www.finfacts.com/Private/curency/nikkei225performance.htm}}</ref><ref>{{Cite web|url=https://indexes.nikkei.co.jp/en/nkave/archives/data?list=annually|title=Historical Data (Nikkei 225) - Nikkei Indexes|website=indexes.nikkei.co.jp|access-date=2020-01-19}}</ref><ref>{{Cite web|url=http://www.1stock1.com/1stock1_781.htm|title=NIKKEI 225 Index (Japan) Yearly Stock Returns|website=www.1stock1.com|access-date=2020-01-19|archive-date=17 July 2019|archive-url=https://web.archive.org/web/20190717204350/http://www.1stock1.com/1stock1_781.htm}}</ref>

{| class="wikitable sortable" style="text-align:right;"
! Year
! Closing level
! Change in Index<br />in Points
! Change in Index<br />in %
|-
| 1914 || 21.12 || || 
|-
| 1915 || 32.10 || 10.98 || 51.99
|-
| 1916 || 41.61 || 9.51 || 29.63
|-
| 1917 || 41.40 || −0.21 ||style="color:red"| −0.50
|-
| 1918 || 42.21 || 0.81 || 1.96
|-
| 1919 || 53.63 || 11.42 || 27.06
|-
| 1920 || 27.44 || −26.19 ||style="color:red"| −48.83
|-
| 1921 || 28.88 || 1.44 || 5.25
|-
| 1922 || 23.97 || −4.91 ||style="color:red"| −17.00
|-
| 1923 || 22.83 || −1.14 ||style="color:red"| −4.76
|-
| 1924 || 24.45 || 1.62 || 7.10
|-
| 1925 || 27.96 || 3.51 || 14.36
|-
| 1926 || 27.25 || −0.71 ||style="color:red"| −2.54
|-
| 1927 || 25.82 || −1.43 ||style="color:red"| −5.25
|-
| 1928 || 25.65 || −0.17 ||style="color:red"| −0.66
|-
| 1929 || 21.32 || −4.33 ||style="color:red"| −16.88
|-
| 1930 || 16.82 || −4.50 ||style="color:red"| −21.11
|-
| 1931 || 16.28 || −0.54 ||style="color:red"| −3.21
|-
| 1932 || 30.33 || 14.05 || 86.30
|-
| 1933 || 34.12 || 3.79 || 12.50
|-
| 1934 || 32.30 || −1.82 ||style="color:red"| −5.33
|-
| 1935 || 33.76 || 1.46 || 4.52
|-
| 1936 || 35.94 || 2.18 || 6.46
|-
| 1937 || 37.33 || 1.39 || 3.87
|-
| 1938 || 33.66 || −3.67 ||style="color:red"| −9.83
|-
| 1939 || 44.96 || 11.30 || 33.57
|-
| 1940 || 37.42 || −7.54 ||style="color:red"| −16.77
|-
| 1941 || 42.44 || 5.02 || 13.42
|-
| 1942 || 42.71 || 0.27 || 0.64
|-
| 1943 || 42.11 || −0.60 ||style="color:red"| −1.40
|-
| 1944 || 41.82 || −0.29 ||style="color:red"| −0.69
|-
| 1945 || 40.53 || −1.29 ||style="color:red"| −3.08
|-
| 1946 || 28.72 || −11.81 ||style="color:red"| −29.14
|-
| 1947 || 39.31 || 10.59 || 36.87
|-
| 1948 || 72.84 || 33.53 || 85.30
|-
| 1949 || 109.91 || 37.07 || 50.89
|-
| 1950 || 101.91 || −8.00 ||style="color:red"| −7.28
|-
| 1951 || 166.06 || 64.15 || 62.95
|-
| 1952 || 362.64 || 196.58 || 118.38
|-
| 1953 || 377.95 || 15.31 || 4.22
|-
| 1954 || 356.09 || −21.86 ||style="color:red"| −5.78
|-
| 1955 || 425.69 || 69.60 || 19.55
|-
| 1956 || 549.14 || 123.45 || 29.00
|-
| 1957 || 474.55 || −74.59 ||style="color:red"| −13.58
|-
| 1958 || 666.54 || 191.99 || 40.46
|-
| 1959 || 874.88 || 208.34 || 31.26
|-
| 1960 || 1,356.71 || 481.83 || 55.07
|-
| 1961 || 1,432.60 || 75.89 || 5.59
|-
| 1962 || 1,420.43 || −12.17 ||style="color:red"| −0.85
|-
| 1963 || 1,225.10 || −195.33 ||style="color:red"| −13.75
|-
| 1964 || 1,216.55 || −8.55 ||style="color:red"| −0.70
|-
| 1965 || 1,417.83 || 201.28 || 16.55
|-
| 1966 || 1,452.10 || 34.27 || 2.42
|-
| 1967 || 1,283.47 || −168.63 ||style="color:red"| −11.61
|-
| 1968 || 1,714.89 || 431.42 || 33.61
|-
| 1969 || 2,358.96 || 644.07 || 37.56
|-
| 1970 || 1,987.14 || −371.82 ||style="color:red"| −15.76
|-
| 1971 || 2,713.74 || 726.60 || 36.57
|-
| 1972 || 5,207.94 || 2,494.20 || 91.91
|-
| 1973 || 4,306.80 || −901.14 ||style="color:red"| −17.30
|-
| 1974 || 3,817.22 || −489.58 ||style="color:red"| −11.37
|-
| 1975 || 4,358.60 || 541.38 || 14.18
|-
| 1976 || 4,990.85 || 632.25 || 14.51
|-
| 1977 || 4,865.60 || −125.25 ||style="color:red"| −2.51
|-
| 1978 || 6,001.85 || 1,136.25 || 23.35
|-
| 1979 || 6,569.47 || 567.62 || 9.46
|-
| 1980 || 7,116.38 || 546.91 || 8.33
|-
| 1981 || 7,681.84 || 565.46 || 7.95
|-
| 1982 || 8,016.67 || 334.83 || 4.36
|-
| 1983 || 9,893.82 || 1,877.15 || 23.42
|-
| 1984 || 11,542.60 || 1,648.78 || 16.66
|-
| 1985 || 13,113.32 || 1,570.72 || 13.61
|-
| 1986 || 18,701.30 || 5,587.98 || 42.61
|-
| 1987 || 21,564.00 || 2,862.70 || 15.31
|-
| 1988 || 30,159.00 || 8,595.00 || 39.86
|-
| 1989 || 38,915.87 || 8,756.87 || 29.04
|-
| 1990 || 23,848.71 || −15,067.16 ||style="color:red"| −38.72
|-
| 1991 || 22,983.77 || −864.94 ||style="color:red"| −3.63
|-
| 1992 || 16,924.95 || −6,058.82 ||style="color:red"| −26.36
|-
| 1993 || 17,417.24 || 492.29 || 2.91
|-
| 1994 || 19,723.06 || 2,305.82 || 13.24
|-
| 1995 || 19,868.15 || 145.09 || 0.74
|-
| 1996 || 19,361.35 || −506.80 ||style="color:red"| −2.55
|-
| 1997 || 15,258.74 || −4,102.61 ||style="color:red"| −21.19
|-
| 1998 || 13,842.17 || −1.416,57 ||style="color:red"| −9.28
|-
| 1999 || 18,934.34 || 5,092.17 || 36.79
|-
| 2000 || 13,785.69 || −5,148.65 ||style="color:red"| −27.19
|-
| 2001 || 10,542.62 || −3,243.07 ||style="color:red"| −23.52
|-
| 2002 || 8,578.95 || −1,963.67 ||style="color:red"| −18.63
|-
| 2003 || 10,676.64 || 2,097.69 || 24.45
|-
| 2004 || 11,488.76 || 812.12 || 7.61
|-
| 2005 || 16,111.43 || 4,622.67 || 40.24
|-
| 2006 || 17,225.83 || 1,114.40 || 6.92
|-
| 2007 || 15,307.78 || −1,918.05 ||style="color:red"| −11.13
|-
| 2008 || 8,859.56 || −6,448.22 ||style="color:red"| −42.12
|-
| 2009 || 10,546.44 || 1,686.88 || 19.04
|-
| 2010 || 10,228.92 || −317.52 ||style="color:red"|  −3.01
|-
| 2011 || 8,455.35 || −1,773.57 ||style="color:red"| −17.24
|-
| 2012 || 10,395.18 || 1,939.83 || 22.94
|-
| 2013 || 16,291.31 || 5,896.13 || 56.72
|-
| 2014 || 17,450.77 || 1,159.46 || 7.12
|-
| 2015 || 19,033.71 || 1,582.94 || 9.07
|-
| 2016 || 19,114.40 || 80.69 || 0.42
|-
| 2017 || 22,764.94 || 3,650.54 || 19.10
|-
|2018
|20,014.77
| −2,750.17||style="color:red"|−12.08
|-
|2019
|23,656.62
|3,641.85
|18.20
|-
|2020
|27,444.17
|3,787.55
|16.01
|-
|2021
|28,791.71
|1,347.54
|4.68
|-
|2022
|26,094.50
|−2,697.21||style="color:red"|−9.37
|-
|2023
|33,464.17
|7,369.67
|28.24
|-
|2024
|39,894.54
|6,430.37
|19.21
|-
|}

==Components==
{{Pie chart
|value1 = 0.3
|label1 = Energy
|value2 = 7
|label2 = Materials
|value3 = 18
|label3 = Industrials
|value4 = 21
|label4 = Consumer discretionary
|value5 = 5
|label5 = Consumer staples
|value6 = 10
|label6 = Healthcare
|value7 = 3
|label7 = Financials
|value8 = 24
|label8 = Information technology
|value9 = 9.5
|label9 = Communication services
|value10 = 0.2
|label10 = Utilities
|value11 = 2
|label11 = Real estate
}}
The [[Global Industry Classification Standard|GICS]] breakdown is shown here.

As of October [[2023 in Japan|2023]], the Nikkei 225 consists of the following companies (Japanese securities identification code in parentheses):<ref>{{cite web|url=https://indexes.nikkei.co.jp/en/nkave/index/component?idx=nk225|title=Components:Nikkei Stock Average (Nikkei 225)|publisher=Nikkei Indexes| date=13 October 2023}}</ref> Bold indicates the top ten by market capitalisation.

===Air transport===
*[[All Nippon Airways|ANA Holdings]] Inc. ({{tyo2|9202}})
*[[Japan Airlines]] Co., Ltd. ({{tyo2|9201}})

===Automotive===
*[[Hino Motors]], Ltd. ({{tyo2|7205}})
*[[Honda|Honda Motor]] Co., Ltd. ({{tyo2|7267}})
*[[Isuzu|Isuzu Motors]] Ltd. ({{tyo2|7202}})
*[[Mazda|Mazda Motor]] Corp. ({{tyo2|7261}})
*[[Mitsubishi Motors]] Corp. ({{tyo2|7211}})
*[[Nissan]] Motor Co., Ltd. ({{tyo2|7201}})
*[[Subaru Corporation|Subaru]] Corp. ({{tyo2|7270}})
*[[Suzuki|Suzuki Motor]] Corp. ({{tyo2|7269}})
*'''[[Toyota|Toyota Motor]] Corp. ({{tyo2|7203}})'''
*[[Yamaha Motor Company]], Ltd. ({{tyo2|7272}})

===Banking===
*[[Aozora Bank]], Ltd. ({{tyo2|8304}})
*The [[Chiba Bank]], Ltd. ({{tyo2|8331}})
*[[Bank of Yokohama|Concordia Financial Group]], Inc. ({{tyo2|7186}})
*[[Fukuoka Financial Group]], Inc. ({{tyo2|8354}})
*'''[[Mitsubishi UFJ Financial Group]], Inc. ({{tyo2|8306}})'''
*[[Mizuho Financial Group]], Inc. ({{tyo2|8411}})
*[[Resona Holdings]], Inc. ({{tyo2|8308}})
*[[jp:しずおかフィナンシャルグループ|Shizuoka Financial Group]] ({{tyo2|5831}})(Holding company for [[Shizuoka Bank]])
*'''[[Sumitomo Mitsui Financial Group]], Inc. ({{tyo2|8316}})'''
*[[Sumitomo Mitsui Trust Holdings]], Inc. ({{tyo2|8309}})

===Chemicals===
*[[Asahi Kasei]] Corp. ({{tyo2|3407}})
*[[Denki Kagaku Kogyo]] K.K. ({{tyo2|4061}})
*[[DIC Corporation]] ({{tyo2|4631}})
*[[Fujifilm|Fujifilm Holdings]] Corp. ({{tyo2|4901}})
*[[Kao Corporation|Kao Corp.]] ({{tyo2|4452}})
*[[Kuraray]] Co., Ltd. ({{tyo2|3405}})
*[[Mitsubishi Chemical Holdings]] Corp. ({{tyo2|4188}})
*[[Mitsui Chemicals]], Inc. ({{tyo2|4183}})
*[[Nissan Chemical Industries]], Ltd. ({{tyo2|4021}})
*[[Nitto Denko]] ({{TYO|6988}})
*[[Showa Denko]] ({{tyo2|4004}})
*[[Shin-Etsu Chemical]] Co., Ltd. ({{tyo2|4063}})
*[[Shiseido]] Co., Ltd. ({{tyo2|4911}})
*[[Sumitomo Chemical]] Co., Ltd. ({{tyo2|4005}})
*[[Tokuyama Corporation]] ({{TYO|4043}})
*[[Tosoh]] Corp. ({{tyo2|4042}})
*[[Ube Industries]], Ltd. ({{tyo2|4208}})

===Communications===
*[[KDDI]] Corp. ({{tyo2|9433}})
*'''[[Nippon Telegraph & Telephone]] Corp. ({{tyo2|9432}})'''
*[[NTT Data]] Corp. ({{tyo2|9613}})
*[[SoftBank]] Corp. ({{tyo2|9434}})
*'''[[SoftBank Group]] Corp. ({{tyo2|9984}})'''

===Construction===
*[[Comsys|Comsys Holdings]] Corp. ({{tyo2|1721}})
*[[Daiwa House Industry]] Co., Ltd. ({{tyo2|1925}})
*[[Haseko|Haseko Corp.]] ({{tyo2|1808}})
*[[JGC Corporation]] ({{tyo2|1963}})
*[[Kajima Construction|Kajima]] Corp. ({{tyo2|1812}})
*[[Obayashi Corp.]] ({{tyo2|1802}})
*[[Sekisui House]], Ltd. ({{tyo2|1928}})
*[[Shimizu Corporation|Shimizu]] Corp. ({{tyo2|1803}})
*[[Taisei Corporation|Taisei]] Corp. ({{tyo2|1801}})

===Electric machinery===
*[[Advantest]] Corp. ({{tyo2|6857}})
*[[Alps Electric]] Co., Ltd. ({{tyo2|6770}})
*[[Canon Inc.]] ({{tyo2|7751}})
*[[Casio|Casio Computer]] Co., Ltd. ({{tyo2|6952}})
*[[Denso]] Corp. ({{tyo2|6902}})
*[[FANUC]] Corp. ({{tyo2|6954}})
*[[Fuji Electric]] Co., Ltd. ({{tyo2|6504}})
*[[Fujitsu]] Ltd. ({{tyo2|6702}})
*[[GS Yuasa]] Corp. ({{tyo2|6674}})
*'''[[Hitachi]], Ltd. ({{tyo2|6501}})'''
*'''[[Keyence]] Corp. ({{tyo2|6861}})'''
*[[Kyocera]] Corp. ({{tyo2|6971}})
*[[Lasertec Corporation|Lasertec]] ({{tyo2|6920}})
*[[MinebeaMitsumi]], Inc. ({{tyo2|6479}})
*[[Mitsubishi Electric]] Corp. ({{tyo2|6503}})
*[[Murata Manufacturing]] Co., Ltd. ({{tyo2|6981}})
*[[NEC]] Corp. ({{tyo2|6701}})
*[[Nidec]] ({{tyo2|6594}})
*[[Oki Electric Industry]] Co., Ltd. ({{tyo2|6703}})
*[[Omron]] Corp. ({{tyo2|6645}})
*[[Panasonic]] Corp. ({{tyo2|6752}})
*[[Renesas Electronics]]({{tyo2|6723}})
*[[Ricoh]] Co., Ltd. ({{tyo2|7752}})
*[[SCREEN Holdings]] ({{tyo2|7735}})
*[[Seiko Epson]] Corp. ({{tyo2|6724}})
*[[Sharp Corporation]] ({{tyo2|6753}})
*'''[[Sony]] Corp. ({{tyo2|6758}})'''
*[[Taiyo Yuden]] Co., Ltd. ({{tyo2|6976}})
*[[TDK]] Corp. ({{tyo2|6762}})
*[[Tokyo Electron]] Ltd. ({{tyo2|8035}})
*[[Yaskawa Electric Corporation]], Limited ({{tyo2|6506}})
*[[Yokogawa Electric]] Corp. ({{tyo2|6841}})

===Electric power===
*[[Chubu Electric Power]] Co., Inc. ({{tyo2|9502}})
*The [[Kansai Electric Power Company|Kansai Electric Power]] Co., Inc. ({{tyo2|9503}})
*[[Tokyo Electric Power Company]] Holdings, Incorporated ({{tyo2|9501}})

===Fishery===
*[[Nissui]] Corporation ({{tyo2|1332}})

===Foods===
*[[Ajinomoto]] Co., Inc. ({{tyo2|2802}})
*[[Asahi Breweries|Asahi Group Holdings]], Ltd. ({{tyo2|2502}})
*[[Japan Tobacco]] Inc. ({{tyo2|2914}})
*[[Kikkoman]] Corp. ({{tyo2|2801}})
*[[Kirin Company|Kirin Holdings]] Company, Limited ({{tyo2|2503}})
*[[Meiji Holdings]] Company, Limited ({{tyo2|2269}})
*[[Nichirei]] Corp. ({{tyo2|2871}})
*[[Nippon Ham|NH Foods]], Ltd. ({{tyo2|2282}})
*[[Nisshin Seifun Group]] Inc. ({{tyo2|2002}})
*[[Sapporo Breweries|Sapporo Holdings]] Ltd. ({{tyo2|2501}})
*[[Takara Holdings]] Inc. ({{tyo2|2531}})

===Gas===
*[[Osaka Gas]] Co., Ltd. ({{tyo2|9532}})
*[[Tokyo Gas]] Co., Ltd. ({{tyo2|9531}})

===Glass & ceramics===
*[[AGC Inc.]] ({{tyo2|5201}})
*[[NGK Insulators]], Ltd. ({{tyo2|5333}})
*[[Nippon Electric Glass]] Co., Ltd. ({{tyo2|5214}})
*[[Nippon Sheet Glass]] Co., Ltd. ({{tyo2|5202}})
*[[Sumitomo Osaka Cement]] Co., Ltd. ({{tyo2|5232}})
*[[Taiheiyo Cement]] Corp. ({{tyo2|5233}})
*[[Tokai Carbon]] Co., Ltd. ({{tyo2|5301}})
*[[Toto Ltd.]] ({{tyo2|5332}})

===Insurance===
*[[Dai-ichi Life]] Insurance Company, Limited ({{tyo2|8750}})
*[[MS&AD Insurance Group]], Inc. ({{tyo2|8725}})
*[[Sompo Japan Nipponkoa Holdings|Sompo Holdings]], Inc. ({{tyo2|8630}})
*[[T&D Holdings]], Inc. ({{tyo2|8795}})
*[[Tokio Marine Holdings]], Inc. ({{tyo2|8766}})

===Land transport===
*[[jp:NIPPON EXPRESSホールディングス|Nippon Express Holdings]] Inc. ({{tyo2|9147}})(Holding company for [[Nippon Express]])
*[[Yamato Transport|Yamato Holdings]] Co., Ltd. ({{tyo2|9064}})

===Machinery===
*[[Amada Co|Amada Co. Ltd.]]  ({{tyo2|6113}})
*[[Daikin Industries]], Ltd. ({{tyo2|6367}})
*[[Ebara Corporation|Ebara]] Corp. ({{tyo2|6361}})
*[[Hitachi Construction Machinery]] Co., Ltd. ({{tyo2|6305}})
*[[Hitachi Zosen Corporation|Hitachi Zōsen]] Corporation ({{tyo2|7004}})
*[[IHI Corporation|IHI]] Corp. ({{tyo2|7013}})
*The [[Japan Steel Works]], Ltd. ({{tyo2|5631}})
*[[JTEKT]] Corp. ({{tyo2|6473}})
*[[Komatsu Limited|Komatsu]] Ltd. ({{tyo2|6301}})
*[[Kubota Corporation|Kubota]] Corp. ({{tyo2|6326}})
*[[Mitsubishi Heavy Industries]], Ltd. ({{tyo2|7011}})
*[[NSK Ltd.]] ({{tyo2|6471}})
*[[NTN Corporation|NTN]] Corp. ({{tyo2|6472}})
*[[Okuma Holdings]], Inc. ({{tyo2|6103}})
*[[Sumitomo Heavy Industries]], Ltd. ({{tyo2|6302}})
*[[SMC Corporation]] ({{tyo2|6273}})

===Marine transport===
*[[K Line|Kawasaki Kisen Kaisha]], Ltd. ({{tyo2|9107}})
*[[Mitsui O.S.K. Lines]], Ltd. ({{tyo2|9104}})
*[[Nippon Yusen]] K.K. ({{tyo2|9101}})

===Mining===
*[[Inpex]] Corp. ({{tyo2|1605}})

===Nonferrous metals===
*[[Dowa Holdings]] Co., Ltd. ({{tyo2|5714}})
*[[Fujikura]] Ltd. ({{tyo2|5803}})
*The [[Furukawa Electric]] Co., Ltd. ({{tyo2|5801}})
*[[Mitsubishi Materials]] Corp. ({{tyo2|5711}})
*[[Mitsui Mining & Smelting]] Co., Ltd. ({{tyo2|5706}})
*[[SUMCO]] Corp. ({{tyo2|3436}})
*[[Sumitomo Electric Industries]], Ltd. ({{tyo2|5802}})
*[[Sumitomo Metal Mining]] Co., Ltd. ({{tyo2|5713}})

===Other financial services===
*[[Credit Saison]] Co., Ltd. ({{tyo2|8253}})
*[[Japan Exchange Group]] Inc. ({{tyo2|8697}})
*[[Orix]] Co. ({{tyo2|8591}})

===Other manufacturing===
*[[Bandai Namco Holdings]], Inc. ({{tyo2|7832}})
*[[Dai Nippon Printing]] Co., Ltd. ({{tyo2|7912}})
*[[Toppan Printing]] Co., Ltd. ({{tyo2|7911}})
*[[Yamaha Corporation]] ({{tyo2|7951}})

===Petroleum===
*[[Eneos Holdings]] ({{tyo2|5020}})
*[[Idemitsu Kosan]] Co., Ltd ({{tyo2|5019}})

===Pharmaceuticals===
*[[Astellas Pharma]] Inc. ({{tyo2|4503}})
*[[Chugai Pharmaceutical Co.|Chugai Pharmaceutica]]l Co., Ltd. ({{tyo2|4519}})
*[[Daiichi Sankyo]] Company, Limited ({{tyo2|4568}})
*[[Eisai Co.]], Ltd. ({{tyo2|4523}})
*[[Kyowa Hakko Kirin]] Co., Ltd. ({{tyo2|4151}})
*[[Otsuka Pharmaceutical|Otsuka Holdings]] Co., Ltd. ({{tyo2|4578}})
*[[Sumitomo Dainippon Pharma]] Co., Ltd. ({{tyo2|4506}})
*[[Shionogi]] & Co., Ltd. ({{tyo2|4507}})
*[[Takeda Pharmaceutical Company]] Limited ({{tyo2|4502}})

===Precision instruments===
*[[Citizen Watch]] Co., Ltd. ({{tyo2|7762}})
*[[Hoya Corporation]] ({{tyo2|7741}})
*[[Konica Minolta|Konica Minolta Holdings]], Inc. ({{tyo2|4902}})
*[[Nikon]] Corp. ({{tyo2|7731}})
*[[Olympus Corporation|Olympus]] Corp. ({{tyo2|7733}})
*[[Terumo]] Corp. ({{tyo2|4543}})

===Pulp & paper===
*[[Nippon Paper Industries]] Co., Ltd. ({{tyo2|3863}})
*[[Oji Paper Company|Oji Holdings Corporation]] ({{tyo2|3861}})

===Railway/bus===
*[[Central Japan Railway Company]] ({{tyo2|9022}})
*[[East Japan Railway Company]] ({{tyo2|9020}})
*[[Keio Corporation|Keio]] Corp. ({{tyo2|9008}})
*[[Keisei Electric Railway]] Co., Ltd. ({{tyo2|9009}})
*[[Odakyu Electric Railway]] Co., Ltd. ({{tyo2|9007}})
*[[Tobu Railway]] Co., Ltd. ({{tyo2|9001}})
*[[Tokyu Corporation|Tokyu]] Corp. ({{tyo2|9005}})
*[[West Japan Railway Company]] ({{tyo2|9021}})

===Real estate===
*[[Mitsubishi Estate]] Co., Ltd. ({{tyo2|8802}})
*[[Mitsui Fudosan]] Co., Ltd ({{tyo2|8801}})
*[[Sumitomo Realty & Development]] Co., Ltd. ({{tyo2|8830}})
*[[Tokyo Tatemono]] Co., Ltd. ({{tyo2|8804}})
*[[Tokyu Land]] Corp. ({{tyo2|3289}})

===Retail===
*[[AEON (company)|Aeon]] Co., Ltd. ({{tyo2|8267}})
*'''[[Fast Retailing]] Co., Ltd. ({{tyo2|9983}})'''
*[[Isetan Mitsukoshi Holdings]] Ltd. ({{tyo2|3099}})
*[[J. Front Retailing]] Co., Ltd. ({{tyo2|3086}})
*[[Marui|Marui Group]] Co., Ltd. ({{tyo2|8252}})
*[[Nitori]] Holdings Co., Ltd. ({{tyo2|9843}})
*[[Seven & I Holdings Co.]], Ltd. ({{tyo2|3382}})
*[[Takashimaya]] Co., Ltd. ({{tyo2|8233}})

===Rubber===
*[[Bridgestone]] Corp. ({{tyo2|5108}})
*The [[Yokohama Rubber Company|Yokohama Rubber]] Co., Ltd. ({{tyo2|5101}})

===Securities===
*[[Daiwa Securities Group]] Inc. ({{tyo2|8601}})
*[[Nomura Holdings]], Inc. ({{tyo2|8604}})

===Services===
*[[Cyberagent]] Inc. ({{tyo2|4751}})
*[[DeNA|Dena]] Co., Ltd. ({{tyo2|2432}})
*[[Dentsu]] Inc. ({{tyo2|4324}})
*[[Japan Post Holdings]] Co., Ltd. ({{tyo2|6178}})
*[[Konami]] Corp. ({{tyo2|9766}})
*[[LY Corporation]] ({{tyo2|4689}})
*[[Mercari]] Inc. ({{tyo2|4385}})
*[[jp:エムスリー|M3]] Inc. ({{tyo2|2413}}) (Parent company for [[MDLinx]])
*[[Nexon]] Co., Ltd. ({{tyo2|3659}})
*[[Nintendo]] Co., Ltd. ({{tyo2|7974}})
*[[The Oriental Land Company|Oriental Land]] Co., Ltd. ({{tyo2|4661}})
*[[Rakuten]] Inc. ({{tyo2|4755}})
*'''[[Recruit (company)|Recruit Holdings]] Co., Ltd. ({{tyo2|6098}})'''
*[[Secom]] Co., Ltd. ({{tyo2|9735}})
*[[Toho]] Co., Ltd. ({{tyo2|9602}})
*[[Trend Micro]] Inc. ({{tyo2|4704}})

===Shipbuilding===
*[[Kawasaki Heavy Industries]], Ltd. ({{tyo2|7012}})

===Steel===
*[[JFE Holdings]], Inc. ({{tyo2|5411}})
*[[Kobe Steel]], Ltd. ({{tyo2|5406}})
*[[Nippon Steel]] Corp. ({{tyo2|5401}})
*[[Pacific Metals]] Co., Ltd. ({{tyo2|5541}})

===Textiles & apparel===
*[[Teijin]] Ltd. ({{tyo2|3401}})
*[[Toray Industries]], Inc. ({{tyo2|3402}})

===Trading companies===
*[[Itochu]] Corp. ({{tyo2|8001}})
*[[Marubeni]] Corp. ({{tyo2|8002}})
*[[Mitsubishi Corporation|Mitsubishi]] Corp. ({{tyo2|8058}})
*[[Mitsui & Co.]], Ltd. ({{tyo2|8031}})
*[[Sojitz]] Corp. ({{tyo2|2768}})
*[[Sumitomo Corporation|Sumitomo]] Corp. ({{tyo2|8053}})
*[[Toyota Tsusho]] Corp. ({{tyo2|8015}})

===Warehousing===
*[[Mitsubishi Logistics]] Corp. ({{tyo2|9301}})

==See also==
{{Portal|Japan|Business and economics|Business|Companies}}
*[[S&P/TOPIX 150]]

==References==
{{Reflist}}

==External links==
*[https://indexes.Nikkei.co.jp/en/nkave/index/component?idx=nk225 Nikkei 225 Components] — official website at indexes.Nikkei.co.jp
*[https://www.Reuters.com/finance/markets/index/.N225 Index detail: Nikkei Stock Average 225] — at [[Reuters]]
*[https://www.Bloomberg.com/quote/NKY:IND Nikkei 225 page – NKY:IND] — on [[Bloomberg Markets]]
*[https://finance.Google.com/finance?q=INDEXNIKKEI:NI225 Nikkei 225 index] — on [[Google Finance]]
*[https://finance.Yahoo.com/q?s=^N225 Nikkei 225 index] — on [[Yahoo! Finance]]
*[https://www.hl.co.uk/shares/stock-market-summary/nikkei-225 Nikkei 225 index] — on [[Hargreaves Lansdown]]
*[[Wikinvest: Nikkei 225|Nikkei 225 profile]] — at [[Wikinvest]]{{unreliable source?|date=October 2017}}

{{Nikkei 225}}
{{Economy of Japan}}{{Stock Market Indices}}{{Asian Stock market indices}}
{{Authority control}}

[[Category:1950 establishments in Japan]]
[[Category:Nikkei Inc.]]
[[Category:Japanese stock market indices]]
[[Category:Tokyo Stock Exchange]]
[[Category:Asian stock market indices]]