---
title: "TOPIX: Methodology"
description: "TOPIX is maintained by JPX and covers broad tokyo equity benchmark. How the index selects and weights its constituents, and what that means for what it measures."
canonical: https://www.getswoopr.com/stocks/indexes/topix/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# TOPIX: What It Measures and How It Is Built







## Direct Answer



> The TOPIX is a rule-based measurement of broad tokyo equity benchmark, maintained by JPX. Like every index it owns nothing: it is a number produced by applying a published weighting formula to a selected list of companies, revised on a schedule the provider sets.








## What this index covers



The TOPIX covers broad tokyo equity benchmark, within the Japan market. JPX defines which securities are eligible, how they are selected from that pool, and how much each one contributes to the published number.



The index name does not state a fixed company count, so the number of constituents follows the eligibility rules rather than a target.








## How constituents are weighted



Swoopr has not verified the weighting method for this index against JPX's current methodology document, so none is stated here rather than guessed. The provider link below is authoritative.








## Current TOPIX constituents



JPX publishes and licenses the TOPIX constituent list. Swoopr does not republish it here. The provider's own page is the authoritative source for current membership and weights.



[JPX: official TOPIX page](https://www.jpx.co.jp/english/markets/indices/)








## Related reading



- [All stock market indexes](https://www.getswoopr.com/stocks/indexes/): how indexes are built, weighted and revised.
- [Asia-Pacific indexes](https://www.getswoopr.com/stocks/indexes/asia-pacific/): others covering the same region.
- [Index concentration](https://www.getswoopr.com/technical-analysis/market-concentration/index-concentration/): measuring how much of an index sits in its largest holdings.
- [Index rebalancing and inclusion effects](https://www.getswoopr.com/stocks/corporate-actions-catalysts/index-rebalancing-and-inclusion-effects/): what happens to a stock when index membership changes.








## Frequently Asked Questions


### Who maintains the TOPIX?



JPX maintains the TOPIX and publishes the methodology document that defines its eligibility and weighting rules.




### What does the TOPIX measure?



It measures broad tokyo equity benchmark. The index is a calculated number applying a weighting formula to a selected list of companies, and it holds nothing itself.




### Where can I see the current TOPIX constituents?



JPX publishes the current constituent list. Swoopr does not republish it, because index providers license constituent data and Swoopr holds no such licence.











## About the author



The [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) writes Swoopr Investment's educational library, covering market structure, analysis methods and the mechanics behind the numbers investors read every day.



Our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/) set out how this content is produced, reviewed and fixed when it is wrong.