Tokyo Stock Exchange · Consumer Cyclical
Invest in Aida Sekkei stock from India
Indian and foreign residents can buy Aida Sekkei (2990) shares directly through Paasa.
By Paasa · Updated
Aida Sekkei at a glance
- Price
- ¥262.00+¥0.00 (0.00%)
- Market cap
- ¥9.34B
- Day range
- ¥262.00 – ¥262.00
- P/E
- —
- Dividend yield
- —
- Volume
- 6.60K
- 1 month
- +0.00%
- 6 months
- -23.84%
- YTD
- -23.84%
- 1 year
- -23.84%
- 5 years
- -25.14%
How to invest in Aida Sekkei from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 2990 and buy
Find Aida Sekkei by name or by its ticker, 2990, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in Aida Sekkei from India
What Aida Sekkei does
Aida Sekkei Co., Ltd. engages in the sale and construction of pre-build and custom build homes. It also designs, constructs, and sells residential houses; builds customer made homes; and also provides real estate leasing, trading, brokerage, and other services. Aida Sekkei operates in the Residential Construction industry within the Consumer Cyclical sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your Aida Sekkei shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy Aida Sekkei stock from India?
Yes. Indian residents and NRIs can buy Aida Sekkei (2990) shares directly through Paasa. Aida Sekkei is listed on the Tokyo Stock Exchange, in the Residential Construction industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Aida Sekkei share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥262.00 a share, size the order by the lot, not by the share.
How are Aida Sekkei dividends taxed for Indian investors?
Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment, which is what you need when you file.
What tax do I pay in India when I sell Aida Sekkei shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Aida Sekkei shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Aida Sekkei alone.