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.

Governance Issues Have Not Been Resolved as Far as Profiles of TSE-Listed Companies Shows

Both Statutory Nomination Committee and BODs Chaired by Outside Directors Are in the 2% Range

The Stage of Maintaining Appearance by Ensuring Attendance of Independent Directors Has Ended

Effectiveness of MBO Special Committee Is Linked to Effectiveness of Independent Directors

The Only Way to Know if a Company Are Improving in Real Terms Is if It Is Creating Value

Seeing Disappointing Disclosures Raises Question of What Was the Skill Matrix of Board Directors?

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The reason why many companies have previously rejected requests by overseas investors to meet with outside directors is that they've prioritized information control over constructive dialogue with shareholders and investors.</li>
<li>The fact that companies begun to provide opportunities for communication with outside directors will hopefully lead to shifts in value-creating management, but it'll not easy to spread to many companies.</li>
<li>Even if more companies provide opportunities for communication between outside directors and investors in the future, dialogue with unskilled outside directors will not be fruitful.</li>
</ul>


The reason why many companies have previously rejected requests by overseas investors to meet with outside directors is that they've prioritized information control over constructive dialogue with shareholders and investors.
The fact that companies begun to provide opportunities for communication with outside directors will hopefully lead to shifts in value-creating management, but it'll not easy to spread to many companies.
Even if more companies provide opportunities for communication between outside directors and investors in the future, dialogue with unskilled outside directors will not be fruitful.


A Dialogue with a Skilled Outside Director Will Create Value. This Premise Is Important

TSE Tokyo Price Index TOPIX

A Dialogue with a Skilled Outside Director Will Create Value. This Premise Is Important