KUALA LUMPUR, Aug 20 (Bernama) -- Kito Corporation has been added to the list of companies that make up the JPX-Nikkei Mid and Small Cap Index in its latest periodic review for fiscal 2019 (Aug 30, 2019-Aug 28, 2020) by the Tokyo Stock Exchange Inc and Nikkei Inc.
The index applied the JPX-Nikkei Index 400 concept, comprising highly attractive listed companies, to equities related to mid-sized and small-capital companies by selecting companies that focus on capital efficiency and investor-focused management perspectives.
Eligible are common stocks on the TOKYO 1st and 2nd Sections, as well as the Mothers and JASDAQ markets, Kito said in a statement.
Issues are screened based on criteria for global investment standards, first, quantitative factors like total market capitalisation, trading value and average return on equity over the most recent three years, then scored based on qualitative factors.
The industrial hoist and crane manufacturer also vows to continue working to raise corporate value and build investor confidence.
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