Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

<ul>
<li>Companies that have not yet met the criteria for compliance with the TSE's listing maintenance criteria for the new market segment will be required to disclose a "Plan" during  December.</li>
<li>While the Company expects a moderate increase in sales, the key to increasing corporate value by increasing free cash flow will be how to raise the profit margin.</li>
<li>If the Company does not meet the criteria for maintaining its listing on the prime market at that time, new measures may be added in the updated plan in June.</li>
</ul>


Companies that have not yet met the criteria for compliance with the TSE's listing maintenance criteria for the new market segment will be required to disclose a "Plan" during  December.
While the Company expects a moderate increase in sales, the key to increasing corporate value by increasing free cash flow will be how to raise the profit margin.
If the Company does not meet the criteria for maintaining its listing on the prime market at that time, new measures may be added in the updated plan in June.


Japan's Governance: TSE Market Reclassification and Transitional Measures (2):Sakai Heavy Industries

<ul>
<li>With regard to compliance with the revised Corporate Governance Code, it is very important that the matters in the skills matrix are chosen based on objective criteria.</li>
<li>If an advisory committee, the Nomination and Compensation Committee, were to be established without any legal basis, it is doubtful that the committee could be chaired by an independent director.</li>
<li>The price looks cheep on low P/B, but it is probably too early to seek a higher share price until we can foresee a path of profit growth.</li>
</ul>


With regard to compliance with the revised Corporate Governance Code, it is very important that the matters in the skills matrix are chosen based on objective criteria.
If an advisory committee, the Nomination and Compensation Committee, were to be established without any legal basis, it is doubtful that the committee could be chaired by an independent director.
The price looks cheep on low P/B, but it is probably too early to seek a higher share price until we can foresee a path of profit growth.


Japan's Governance: TSE Market Reclassification and Transitional Measures: Sakai Heavy Industries

<p>Will it seem surprising or boring to readers who live outside of Japan? This is a question that I have been asking myself for quite some time. It is that not a small number of Japanese managers confuse "compliance" with "governance. In my actual experience, there were some executives who said "there is a problem with governance" when a problem similar to a violation of rules occurred (in fact, violations occurred in many cases). There are also cases where compliance with laws and regulations is raised in the ESG explanations in financial results announcements (although compliance is indeed a rule that should be followed by management and employees as the basis for corporate governance).</p>

Will it seem surprising or boring to readers who live outside of Japan? This is a question that I have been asking myself for quite some time. It is that not a small number of Japanese managers confuse "compliance" with "governance. In my actual experience, there were some executives who said "there is a problem with governance" when a problem similar to a violation of rules occurred (in fact, violations occurred in many cases). There are also cases where compliance with laws and regulations is raised in the ESG explanations in financial results announcements (although compliance is indeed a rule that should be followed by management and employees as the basis for corporate governance).

Japan's Governance: A Simple Question and Purpose of Improving Governance to Secure Prime Market

Japan

SAKAI HEAVY INDUSTRIES, LTD. is a producer of construction machinery.  The Company specializes in road-paving machinery, namely road rollers.  Sakai Heavy Industries also manufactures vibrating plate compactors, rammers, wheel loaders, and road stabilizers.

Sakai Heavy Industries (6358 JP)

Japan's Governance: TSE Market Reclassification and Transitional Measures (2):Sakai Heavy Industries

This article will continue to pay attention to the Company's movements in order to verify how such companies that didn't meet the criteria for...

Metrical Inc

Japan's Governance: TSE Market Reclassification and Transitional Measures: Sakai Heavy Industries

I would like to consider the measures we are taking to maintain the listing on the prime market, including the revised Corporate Governance Code...

Metrical Inc

Japan's Governance: A Simple Question and Purpose of Improving Governance to Secure Prime Market

Thinking about simple questions of compliance and governance, I will consider whether the reclassification of TSE is merely a change in governance...

Metrical Inc