Faculty of Economics and Business Administration ・Miyuki Nakamura's seminar student team was selected for the "26th Nikkei STOCK League"

At the 26th (2025) Nikkei STOCK League hosted by Nikkei Shimbun, the research report of the seminar student team supervised by Professor Miyuki Nakamura of the University of Faculty of Economics and Business Administration was "selected" as an excellent report. This is the sixth time in total that this seminar has been selected, and it has once again proven the high quality of financial and economic education at our university. The Nikkei STOCK League is a financial and economic contest for junior high, high school, and university students, in which participating teams set their own investment themes (social issues), build their own portfolios, and create a single report on corporate financial analysis and risk-return analysis. In the university and vocational school division of this tournament, 145 schools and 763 teams from all over the country participated.

The selected report, "TRUSTOCK - A Stable Shareholder Management Model Connected by Trust," focuses on the importance of "individual investors" as stable shareholders against the backdrop of the government's promotion of "asset management" and stricter listing standards. The team defined a company that builds trust with individual shareholders through digitalization and shareholder benefits as a "TRUSTOCK company" and built a portfolio using the risk parity (ERC) model, an advanced financial theory. In addition, as a result of the empirical analysis, the safety and efficacy exceeded the Nikkei Average and TOPIX, and logically argued that building a relationship of trust contributes to the revitalization of the Japanese economy.

Team leader Josuke Arai (Faculty of Business Administration 4th year) said, "The three members worked on research for 9 months while studying abroad in Macau, France, and Italy. I am grateful to Professor Nakamura for his guidance and the people around him who supported me."

Professor Nakamura, who supervised the study, said, "This research is of great significance in that it proactively tackles social issues while integrating financial theory and empirical analysis.

【Selected Members】
Josuke Arai, Kyoichi Sugiyama, Ayana Suzuki, Ayaka Honjo (Faculty of Business Administration 4 years), Mitsue Kosaka (Faculty of Law 4 years)
When participating in the tournament, he belonged to our university Faculty of Business Administration. He has been a member of Faculty of Economics and Business Administration since April 2026.