Profile
The TSE Land Transportation Sector Index is one of the 33 sector indices in the Tokyo Stock Exchange's traditional industry classification system. This index represents companies in the land transportation industry listed on the Tokyo Stock Exchange. The sector primarily consists of companies focused on domestic demand and is generally considered defensive in nature. Many companies in this sector, particularly those centered around railway operations, tend to have stable earnings. This sector includes businesses involved in various forms of land-based transportation, such as railway companies, bus services, and logistics firms. The stability of demand for transportation services, especially in dense urban areas, contributes to the sector's defensive characteristics. Investors often view these stocks as relatively resilient to economic fluctuations due to the essential nature of transportation services in daily life and commerce.