# Japan's TOPIX Index Cuts Companies by 40%

> Japan's stock index cuts 649 firms to boost governance standards.
- Title: Japan's TOPIX Index Cuts Companies by 40% · Nikkei Asia
- Summary: Japan's stock index cuts 649 firms to boost governance standards. Japan's Tokyo Stock Exchange reduced TOPIX index companies from 1,636 to 986, aiming for…
- Keywords: topix, japan, tokyo stock exchange, corporate governance, stock index, company delistings, news, business, world, Japan's, Index, Cuts
- Source: Nikkei Asia — https://asia.nikkei.com/business/markets/japan-s-topix-stock-index-revamp-5-things-to-know
- Published: 2026-10-07T11:12:00+00:00
- Read time: 1 min
- Topics: topix, japan, tokyo stock exchange, corporate governance, stock index, company delistings, news, business, world
## Tokyo Stock Exchange
Japan's Tokyo Stock Exchange parent company announced a potential 40% reduction in TOPIX index companies from 1,636 to 986.
## Corporate Governance Drive
Stricter listing standards aim to attract foreign investors through improved corporate governance practices.
## Delistings Hit Record
Delistings from Tokyo bourse reached a record for the third consecutive year as part of the reform.
## TSE CEO on Progress
Japan Exchange Group CEO Yamaji stated market reform is 20% complete with tighter standards.
## Corporate Governance Impact
Reforms have drawn foreign investors to Japanese stocks by improving corporate governance standards.
## Key takeaway

Japan's Tokyo Stock Exchange reduced TOPIX index companies from 1,636 to 986, aiming for stricter corporate governance standards.