Annex2
Annex2. Referencial Data for Periodic Review(1) 3-year ROE simple averageIssues
JPX-Nikkei 400 constituents
1st Section Issues (*1)
non-constituents (*1,*2)

FY2016FY2015

12.5%
8.2%
5.7%

11.7%
7.6%
5.3%

*1 Issues with liabilities in excess of assets during any of 3 periods, or 3-year average ROE is more than 200%
or less than -200% are excluded.
*2 All the eligible constituents for JPX-Nikkei 400 excluding the JPX-Nikkei 400 constituents.

(2) Market division balanceMarket
1st Section
2nd Section
Mothers
JASDAQFY2016395
113

FY2015392
116(3) Fulfilling situation for qualitative factors
FY2016
Criteria
No. of issues
Percentage
Appointment of independent outside directors
357(2071)
89.3%(59.0%)
Adoption of IFRS
65(111)
16.3%(3.2%)
Disclosure of English earnings information
180(549)
45.0%(15.6%)

FY2015
No. of issues
Percentage289(1113)
72.3%(32.0%)52(88)
13.0%(2.5%)
138(442)
34.5%(12.7%)(5) Sector balance (based on TOPIX-17 series categories)
No. of issues
Sector(FY2016)
FOODS16COMMERCIAL & WHOLESALE TRADE
19CONSTRUCTION & MATERIALS
29ENERGY RESOURCES
1IT & SERVICES, OTHERS
50MACHINERY27REAL ESTATE
18RETAIL TRADE
33RAW MATERIALS & CHEMICALS36
AUTOMOBILES & TRANSPORTATION EQUIPMENT
24
ELECTRIC APPLIANCES & PRECISION INSTRUMENTS
48
PHARMACEUTICAL
17STEEL & NONFERROUS METALS
8FINANCIALS (EX BANKS)
25BANKS
22TRANSPORTATION & LOGISTICS
21ELECTRIC POWER & GAS
6Total400

No. of issues(FY2015)14182625126173236314519102425213400*Figures in () mean the fulfilling situation for qualitative factors of all the eligible constituents for JPX-Nikkei 400(4) Turnover Ratio
Turnover ratio
4.5%(Market capitalization-based, one-way)* Sum of increments (decrements) in market capitalization weight for each constituent before and after the periodic review
Turnover ratio = Sum of weight increments = Sum of weight decrements* Turnover ratio is calculated based on market capitalization for index calculation as of the end of July 2016.

This document is prepared by Japan Exchange Group, Inc. (JPX), Tokyo Stock Exchange, Inc. (TSE) (hereinafter collectively called “the JPX group”) and Nikkei Inc. (Nikkei) solely for the understanding of JPX-Nikkei 400, and is not to be construed as a solicitation for trading any securities or related financial instruments. JPX Group and Nikkei shallaccept no liability or responsibility for any loss or damage arising from errors, delays, or termination of the calculation or publication of JPX-Nikkei 400, changes to its calculation or publication method, the use of JPX-Nikkei 400 or all or any part of this document or other similar events.

Annex.2

2018(6)Sector balance (No. of Issues)(Based on the issues after the periodic review for FY2016)

1614

Sector balance(JPX-Nikkei 400)
Sector balance(TOPIX)

12108
6420

This document is prepared by Japan Exchange Group, Inc. (JPX), Tokyo Stock Exchange, Inc. (TSE) (hereinafter collectively called “the JPX group”) and Nikkei Inc. (Nikkei) solely for the understanding of JPX-Nikkei 400, and is not to be construed as a solicitation for trading any
securities or related financial instruments. JPX Group and Nikkei shall accept no liability or responsibility for any loss or damage arising from errors, delays, or termination of the calculation or publication of JPX-Nikkei 400, changes to its calculation or publication method, theuse of JPX-Nikkei 400 or all or any part of this document or other similar events.

Copyright © 2016- by Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc., and Nikkei Inc. All rights reservedAnnex.2
16(7)Sector Weight (Market Capitalization)(Based on the issues after the periodic review for FY2016)

141210

Sector Weight(JPX-Nikkei 400)
Sector Weight(TOPIX)

86420

Based on market capitalization for index calculation at the end of July, 2016

This document is prepared by Japan Exchange Group, Inc. (JPX), Tokyo Stock Exchange, Inc. (TSE) (hereinafter collectively called “the JPX group”) and Nikkei Inc. (Nikkei) solely for the understanding of JPX-Nikkei 400, and is not to be construed as a solicitation for trading any
securities or related financial instruments. JPX Group and Nikkei shall accept no liability or responsibility for any loss or damage arising from errors, delays, or termination of the calculation or publication of JPX-Nikkei 400, changes to its calculation or publication method, theuse of JPX-Nikkei 400 or all or any part of this document or other similar events.

Copyright © 2016- by Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc., and Nikkei Inc. All rights reserved