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16th July 2010
Nikkei Europe Announces the Launch of TickVision - An Online Tick by Tick Analysis Tool
Nikkei Europe has today announced the launch of TickVision, a browser based download and data analysis platform for Japanese equities, futures and options tick data. TickVision provides analysis tools that allow brokers and analysts to determine Best Execution Cost, analyse the bid-ask spread, perform VWAP calculations and produce and update algorithmic trading applications.

The service contains over 10 years of individual equity tick data, stock index, JGB and JGB futures, equity options and stock index futures and options tick data.

TickVision is fully compliant with the new Tokyo Stock Exchange trading system, Arrowhead, and can easily handle the large volumes of data that the exchange produces. The Simulation tool allows users to view market changes as they happened, producing tick by tick replays of changes in VWAP, bid ask spreads, trading volumes, volatility and beta coefficient to the Nikkei 225 in graphical form that can be paused or slowed down for further analysis.


The platform also allows users to create portfolios of financial instruments that can be refreshed on a daily basis to keep up to date with portfolio changes. Daily summary data can be downloaded to complement existing portfolio reports.

As well as accessing the data through the analysis tools, users can also download daily order book tick data in csv format, providing the best eight bid and ask orders in the order book and all executed trades.

If you are interested in a demonstration of the service, please contact a member of Nikkei Europe. Please note that the software is currently available in Japanese only, if you are interested in an English language version of TickVision, please enquire with a Nikkei Representative.
28th June 2010
Japanese implementation of IFRS reporting and its effect on Investor Relations
What is the impact of Japanese companies switching to IFRS accounting standards and the quarterly disclosure and its effect on investor relations in Japan? This free whitepaper explains the perceived impact on investors and companies and is taken from a speech delivered by Professor Tetsuo Kitagawa, a member of the Accounting Standards Board of Japan and former analyst at Nomura, during the Nikkei NEEDS New Financial Data Conference in 2010. ...Read more
9th April 2010
Nikkei launches Dividend Index for the Nikkei 225
Nikkei Inc has today launched the Nikkei Stock Average Dividend Point Index which will chart the accumulated dividends of the constituents of the Nikkei 225 when investors hold the constituents for one calendar year. The index is calculated by substituting each constituent’s dividend per share into the formula for the Nikkei 225 and accumulating the value over one calendar year. The initial value for the index for 2010 has been calculated at 4.65 yen.

Nikkei has launched the Nikkei Stock Average DP to address the requirements of market participants who trade Nikkei 225 linked products and will allow investors to hedge the dividend fluctuation risk using a dividend index. In Europe and the United States, dividend indices have already been calculated and published; for instance the dividend index on the Euro STOXX 50 was first published in June 2008 and was followed last year by the FTSE 100 and S&P 500 in the UK and US.

Index Calculation
The index will be calculated from a base value of zero each calendar year, January to December with the final index value for the year published in the subsequent April when all dividends have been fixed. The final 2010 index value is due to be announced on April 1st 2011.

The index is calculated using the dividend per share for the constituent divided by the Nikkei 225 Divisor. This amount is then added to the Dividend Point index on the ex dividend date for each constituent. After the all of the constituents have fixed their dividends, the final value of the index for the year will be published. Further information on the calculation method can be found in the Guidebook.

Nikkei Stock Average DP (2009) has been calculated at 162.18 for 2009.

Dividend Index Futures
The Tokyo Stock Exchange has also announced Nikkei Dividend Index Futures will be listed on the TSE on July 26th. Further details of these futures can be found on the TSE website.

NEEDS Data
Nikkei Digital Media are currently in the process of organising a data service to provide the Dividend Index data, including backdated historical data and data relating to the dividends of individual stock via NEEDS. The index is currently available via QUICK and will become available on Nikkei’s online media such as Nikkei.com, Nikkei English News. Retroactive calculation of the Dividend Point Index will be available from 2004.

For further information on the changes, please contact a Nikkei Representative.
29th March 2010
Nikkei Announces Constituent Changes to the Nikkei 225 and Nikkei 300
Following announcements that four constituents of the Nikkei 225 and Nikkei 300 will form separate holding companies, Nikkei Inc has announced that Nippon Oil Corporation (5001), Nippon Mining Holdings (5016), SOMPO Japan Insurance (8755) and NIPPONKOA Insurance (8754) will be delisted from the indices today.

They will be replaced today with Nisshin Steel Co (5407) on the Nikkei 225 and Ryohin Keikaku Co (7453), Nissha Printing Co (7915) on the Nikkei 300. The Nikkei 225 and 300 will be calculated with 223 and 298 constituents respectively between 29th March and 1st April. JX Holdings, Inc (5020) and NKSJ Holdings Inc (8630) will be added on April 2nd to the Nikkei 225 with a presumed par value of 50 and Nikkei 300.

For further information on the changes, please contact a Nikkei Representative.
19th January 2010
Japan Airlines Delisted from Nikkei 225, 300 and 500 Indices
Japan Airlines (9205), a constituent of the Nikkei 225, 300 and 500, today filed for bankruptcy and corporate rehabilitation. The Tokyo Stock Exchange has assigned the stocks of Japan Airlines for delisting and as a consequence, Nikkei has today removed JAL from the Nikkei indices using today’s closing value of 5 yen. Replacing JAL will be Central Japan Railway Company (9022) for the Nikkei 225, Izumi Co (8273) for the Nikkei 300 and House Foods Corp (2810) for the Nikkei 500.

The new constituents will be added on 22nd January using their closing values of January 21st. On 20th and 21st January, the Nikkei 225 will be calculated with 224 constituents, Nikkei 300 with 299 and Nikkei 500 with 499.
  • Nikkei 225
    Central Japan Railway Company (9022) with a presumed par value of 50,000 yen. To preserve the balance of constituents in the Nikkei 225, the stock has been selected for having the highest liquidity in the same industrial sector as JAL.
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  • Nikkei 300
    Izumi Co, Ltd (8273)
  • Nikkei 500
    House Foods Corporation (2810) .
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NEEDS users should be aware of this change. Should you require further information, please contact a Nikkei Representative.
7th December 2009
NEEDS Financial QUEST 2.0 Corporate Financials Database Update
Nikkei has added a series of new Corporate Fundamental databases to FinancialQUEST, Nikkei’s online financial data download platform. The changes will make available the wealth of new information contained in the now quarterly Tanshin and Yuho disclosure reports. This follows a change in FSA rules, requiring all listed Japanese companies to release full Yuho reports quarterly rather than annually. The files were incorporated into NEEDS-BULK in July 2009 and from today the updated information will be available on Financial QUEST. The new databases will be kept separate from the original databases; however clients will be able to seamlessly compare new data with old, as well as receive faster data updates. The new databases will be:
  • Corporate Financial Data
    Quarterly Tanshin/ Yuho Reports, Disclosed documents and Nikkei research. Data updated daily.
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  • Segment Data
    Contains more information from the quarterly reports and will be updated daily.
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  • History of Earning Estimates by Company
    Information on business results/ dividends from the Tanshin report.
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  • Financial Results Historical Record
    Disclosed history of main items sourced from the Tanshin Report.
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  • History of Earning Estimates and Financial Results
    Gives clients the ability to integrate estimates and results data for business results/dividends.
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The current databases will be updated until July 2010 and will then be phased out over the course of the year. Please visit here or contact a Nikkei representative for more information.
5th November 2009
Nikkei 225, 300 calculation interval change
Nikkei today announced that it will shorten the calculation intervals for the Nikkei 225 and Nikkei 300 indices from every minute to every 15 seconds. The change will become effective when "arrowhead", the new trading platform at the Tokyo Stock Exchange goes online on 4th January 2010. Nikkei 225 and 300 indices displayed by information vendors such as QUICK will be updated every 15 seconds.

Arrowhead will replace the current cash markets trading system and will increase the trading capacity and speed up order execution to 10 milliseconds. Tokyo Stock Exchange is also implementing new rules to coincide with the launch of the new system, including reducing minimum tick sizes and eliminating some half holidays. The system follows a similar platform upgrade in the options exchange earlier in the year called Tdex+.

NEEDS services will remain unaffected by the change to the calculation interval. For more information about the upgrade please contact a Nikkei representative.
14th September 2009
Nikkei Europe co-sponsoring FIMA 2009 Reference Data Conference
Nikkei Europe are one of this years sponsors at the FIMA Reference Data Conference being held at the Guoman Tower Hotel in London from 9th – 11th November 2009. The conference will be a fantastic opportunity to meet peers from across the financial information community and will include panel discussions on the latest issues facing the reference data industry. If you are planning to attend and would like to meet with the Nikkei representatives for a brief chat, please feel free to contact us before the event so we can arrange a time at your convenience.
15th July 2009
Change in Corporate Financial Reporting System
NEEDS has updated its Corporate Financial data files to reflect changes in the financial reporting system that came into effect in April 2008. All listed companies are now required to submit the Yuho financial report to the FSA 45 days after the end of each fiscal quarter. NEEDS Corporate Financial data files will now be updated 30 days after each fiscal quarter with the Tanshin (flash) report and then be superseded by the Yuho report 15 days later. The old data files will not be updated from 2010. For more information, please click here.
30th June 2009
FinancialQUEST 2.0 Online demonstration
Nikkei Europe is now able to offer no obligation online demonstrations of its popular FinancialQUEST 2.0 data download software. The demonstration uses the latest screen sharing technology to offer a one-to-one demonstration highlighting the unique features of the NEEDS ad-hoc download service. FinancialQUEST offers the most comprehensive and accurate Corporate Financial, Equities data and Macro-economic information available and is a must have for all companies with interests in Japan. To arrange for a one to one demonstration, please click here.
19th June 2009
NEEDS Newsletter launching this Autumn
Nikkei Europe is pleased to announce the launch of a quarterly newsletter focusing on Japanese Corporate Financial and Equity markets, providing relevant news for investors in Japan provided by NEEDS and Nikkei Telecom21. Each edition will include an in-depth look at the corporate world in Japan as well as tips and tricks for clients currently using NEEDS services. To sign-up for the newsletter, please click here.
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