Profile
The TSE Machinery 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 machinery industry listed on the Tokyo Stock Exchange. The sector is characterized by a high number of companies that are export-oriented and sensitive to economic cycles. The machinery sector is considered one of the key export-oriented industries in Japan, alongside transportation equipment (including automobiles) and electrical appliances. It is also recognized as one of the primary cyclical industries, along with chemicals, iron and steel, and shipping, which are highly responsive to economic fluctuations.