TOKYO -- Nikkei and JPX Market Innovation & Research will remove Benefit One, an employee benefits provider in Japan, from the JPX-Nikkei Index 400 on May 7 due to the company being designated as a stock "to be delisted" by the Tokyo Stock Exchange.
The delisting designation comes after Japanese insurance giant Dai-ichi Life Holdings completed its tender offer of Benefit One's shares in March.
No company will be added to the index to replace Benefit One that day. The number of index constituents will return to 400 when the next periodic review is conducted in August.
For more details, please visit the Nikkei indexes website.
