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.

Investors Are Looking for Solutions to Challenges, Not Simply Improved Communication with Investors

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

Increasing Profitability to Gain Support from Overseas Investors Is a Condition for Higher Valuation

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

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

Companies that Don't Have Growth Plans but Are Competitive in a Specific Market Are Targeted for MBO

Shareholder Returns Should Be Examined on a Cash Basis, Not on a Net Profit Basis

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Excluding the special factor of companies applying transitional measures moving to standard, the pace of natural decrease of prime market listed companies is moderate.</li>
<li>Companies with high foreign shareholdings and large market capitalization are already highly valued. Companies that are not have investment opportunities that are often at a discount due to liquidity.</li>
<li>Nearly half of the companies are companies with large shareholders holding more than 20% equity; investment opportunities are expected to increase as companies go private through TOBs and MBOs.</li>
</ul>


Excluding the special factor of companies applying transitional measures moving to standard, the pace of natural decrease of prime market listed companies is moderate.
Companies with high foreign shareholdings and large market capitalization are already highly valued. Companies that are not have investment opportunities that are often at a discount due to liquidity.
Nearly half of the companies are companies with large shareholders holding more than 20% equity; investment opportunities are expected to increase as companies go private through TOBs and MBOs.


A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time

TSE Tokyo Price Index TOPIX

A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time