TOKYO, Sept 6 Material maker Nitto Denko Corp
and real estate firm Tokyu Fudosan Holdings Corp
will be promoted to the benchmark Nikkei, index
compiler and newspaper publisher Nikkei Inc said on Friday.
Nitto Denko, which has a market capitalisation of $9.9
billion, will replace Tokyu Land Corp starting on Sept.
26, Nikkei said in a statement.
Tokyu Land will be delisted due to corporate reorganisation
and Tokyu Fudosan will take over its business.
Nikkei said Tokyu Fudosan will then be added to the
benchmark on Oct. 2, replacing Mitsubishi Paper Mills Ltd
, which has a market capitalisation of $300 million.
(Reporting by Tomo Uetake; Editing by Anand Basu)