IBJ, 10 Others to Move to Tokyo Main Bourse Advance

IBJ Leasing Co. and Simplex Technology Inc. led gains by some stocks on the Tokyo Stock Exchange's second section that will move to the bourse's main board next month.

The Tokyo Stock Exchange, the world's second-largest in terms of the value of companies traded, on Aug. 19 after the close of regular trading said on its Web site that it will move a total of 13 stocks to the first section, which has a market value of 395 trillion yen ($3.6 trillion), from Sept. 1. The stocks are currently traded on the bourse's second section.

Managers of funds designed to mirror the Topix index may have to buy the companies' shares to reflect the additions. At least 17 trillion yen in funds tracked the Topix as of February, according to Daiwa Institute of Research, a research unit of Daiwa Securities Group Inc.

IBJ Leasing, Japan's eighth-largest leasing company, is the biggest company by market value among the 13, followed by FP Corp. (7947) and Unicharm Petcare Corp.

Shares of IBJ Leasing, with a market capitalization of 85.9 billion yen, jumped 150 yen, or 6.4 percent, to 2,480 at the 3 p.m. close in Tokyo. Simplex Technology, which provides systems solution services for the financial industry, climbed 15,000 yen, or 5.5 percent, to 288,000.

Among those subject to the listing change, 11 stocks gained, while two of them, Ichinen Co. and Fukushima Industries Corp., declined.

Below is the list of stocks that are subject to the move in order of the size of their market capitalization.

IBJ Leasing Co. (8425 JT)
FP Corp. (7947 JO)
Unicharm Petcare Corp. (2059 JT)
Unipres Corp. (5949 JT)
Simplex Technology Inc. (4340 JT)
Cmic Co. (2309 JT)
Maezawa Kyuso Industries Co. (6485 JT)
Hakudo Co. (7637 JT)
Ichinen Co. (9619 JT)
Toyo Machinery & Metal Co. (6210 JO)
Fukushima Industries Corp. (6420 JT)
Falco Biosystems Ltd. (4671 JO)
Autoseven Co. (7508 JT)

To contact the reporter on this story: Tomoko Yamazaki in Tokyo at tyamazaki@bloomberg.net.

To contact the editor responsible for this story: Ben Richardson in Hong Kong at brichardson8@bloomberg.net.

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