Nikkei launches new stock index tracking Japan’s entertainment industry

Sony Group, Nintendo among initial constituents of 20-member gauge New index reflects growing clout of Japan's content-driven companies. TOKYO — Nikkei announced on Wednesday that it will begin calculating and publishing a new stock index, the Nikkei Japan Entertainment Content Stock Index, aiming to capture the share price trends of Japanese companies behind globally popular games, anime and characters. The index will consist of 20 Tokyo Stock Exchange-listed companies in entertainment content-related sectors such as game software and toys, selected primarily based on market capitalization. At the launch, constituents will include Sony Group, Nintendo, Bandai Namco Holdings and Toho. Japan's content industry has drawn growing attention as an investment theme. Last year, there was a period when the combined market capitalization of nine major entertainment companies, including Sony Group, exceeded that of nine leading automakers. With the Japanese government positioning the content industry as one of its strategic growth areas, many investors are betting on the further expansion of the sector.

Read the full article at the source →