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.

First Step in Engagement in Term of Listening to Overseas Investors Is Seeking Disclosure in English

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

The Good Case Companies Had More Opportunities to Reflect on Cost of Capital and Return on Capital

Size of Market Capitalization Will Make a Difference in Corporate Governance and Value Creation

Investors Expect a Feasible Management Strategy Rather than an Accurate Cost of Capital

ROE and Valuations of Japanese Stocks Will Improve Through Dissolution of Parent-Subsidiary Listings

CG Watch, Which Made Great Strides Will Be Tested Next Time for Substantial Governance Improvements

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In the past, value traps were macro environment that couldn't generate profits in deflationary economy, and micro problem of managers who didn't listen to constructive management improvement proposals from investors.</li>
<li>The introduction of Stewardship Code and Corporate Governance Code, and TSE's request for change in awareness of companies, has reduced the risk of activist investors' investment strategies flailing around in vain.</li>
<li>Management awareness has just begun to change, and few companies generate intrinsic value, as evidenced by the fact that ROE hasn’t begun to improve. Activist investors will continue taking interest.</li>
</ul>


In the past, value traps were macro environment that couldn't generate profits in deflationary economy, and micro problem of managers who didn't listen to constructive management improvement proposals from investors.
The introduction of Stewardship Code and Corporate Governance Code, and TSE's request for change in awareness of companies, has reduced the risk of activist investors' investment strategies flailing around in vain.
Management awareness has just begun to change, and few companies generate intrinsic value, as evidenced by the fact that ROE hasn’t begun to improve. Activist investors will continue taking interest.


A Change in Manager's Mindset that Has Begun Will Lower the Investment Risk for Activist Investors

TSE Tokyo Price Index TOPIX

A Change in Manager's Mindset that Has Begun Will Lower the Investment Risk for Activist Investors