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- Dexerials Selected as a Constituent of the JPX Prime 150 Index for the First Time
Dexerials Selected as a Constituent of the JPX Prime 150 Index for the First Time
Corporate
2024.09.02
Dexerials Corporation (Headquarters: Shimotsuke-shi, Tochigi, Representative Director and President: Yoshihisa Shinya, hereinafter, “Dexerials”) announced that for the first time it has been selected to be a constituent of the JPX Prime 150 Index*1, which is calculated by JPX Market Innovation & Research, Inc.
Dexerials began operations in 2012*2. Since then, it has supported the evolution of technology by developing products that anticipate social and technological changes, by constantly taking on the challenges of creating something that has never existed before, under its Corporate Philosophy: “Integrity Have Integrity and Sincerity.” Currently, Dexerials develops, manufactures, and distributes electronic parts, adhesive materials, optical materials, and other functional materials that are indispensable in smartphones, laptops, and other electronic devices, as well as in automobiles, which are increasingly becoming electronic. The company operates 8 manufacturing and sales locations in Japan (including those of its subsidiaries) and 12 overseas.
The JPX Prime 150 Index is a stock price index that is positioned as “Japanese companies that are estimated to create value”. A total of 150 of the top 500 companies listed on the Tokyo Stock Exchange Prime Market, in terms of market capitalization, based on two measures of value creation, with 75 companies by “return on capital” , which is based on financial results, and 75 companies by "market valuation", which is based on future information and non-financial information. Capital profitability is measured using the equity spread, which is the difference between ROE*3 and the cost of equity,*4 while market valuation is indicated by PBR(Price-to-Book Value Ratio), calculated by dividing the share price by BPS(Book Value per Share).*5 Dexerials was evaluated from an equity spread perspective.
Dexerials will continue to provide high value-added products, technologies, and solutions, which are essential for the evolution of digital technologies that help solve social issues, as part of its efforts to contribute to building a sustainable society, to achieve sustainable growth, and to further enhance its corporate value.
- *1: Japan Exchange Group > JPX Prime 150 Index
- *2: In 2012, Sony Chemical & Information Device Corporation changed its company name to Dexerials Corporation and started operating under the new name.
- *3: A metric indicating how efficiently a company is utilizing its equity to generate profit. It is calculated by dividing net income by equity capital and multiplying by 100.
- *4: The cost of the capital a company raises to finance its operations, specifically the costs associated with the capital obtained from shareholders.
- *5: A metric representing a company’s net assets per share. It is mainly used to calculate PBR and to analyze a company’s financial stability.