 "Softbank")
SoftBank Corp., the mobile phone unit of SoftBank Group Corp., will be added to the Nikkei 225 Stock Average, replacing chemical producer Nippon Kayaku Co., the Nikkei announced.
The change will take effect Oct. 1. The replacement is part of an annual review, with NGK Spark Plug Co. displacing Nippon Sheet Glass Co. in the Nikkei 300, according to the announcement.
“This is a surprise, it’s rather an unusual name for a replacement,” said Tomoichiro Kubota, a senior market analyst at Matsui Securities. “Plus, the parent company SoftBank Group is already in the gauge, and it’s one of the biggest
