Nippo Corporation(TSE:1881) dropped from S&P Japan 500

NIPPO CORPORATION is a company mainly engaged in the construction business, as well as the manufacture and sale of asphalt mixtures. The Construction segment is engaged in the engineering work business focusing on paving work, as well as construction work business. The Manufacture and Sale segment manufactures and sells asphalt mixtures, emulsion and other paving materials. The Development segment is engaged in the development of building lands and the subdivision sale of condominium. The Others segment is involved in the operation of golf courses and hotels, the leasing of construction machinery, and other businesses.