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.

Declining Number of Shares Has Just Begun, but Valuations Need to Rise for Market Cap to Grow

One of the Clues to Know How Serious a Company Is About Shifting to Management that Creates Value

Many Companies Are in Stage of Setting Caps to Ensure that Cash on Hand Grows No More than Necessary

Stock Splits Meet Many Companies' Needs to Increase the Shareholdings of Individual Investors

Is TSE Being Too Strict with the Honor Students and Too Lenient with the Underdogs?

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

Common Attitudes Toward IPOs Are Found in Parent-Subsidiary Listings

The Postponement of the Parent-Subsidiary Listing Issue Provides Further Investment Opportunities

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Until now, listed companies have been reluctant to even lower the minimum shareholder purchase amount for reasons of economic rationality and administrative costs.</li>
<li>The same issues underlie reluctance of companies in lowering amount to purchase shares, online AGMs, electronic delivery of text in notice of convocations, and pre-AGM disclosure of annual securities reports.</li>
<li>Companies have been focused on controlling AGM rather than facing shareholders to increase their interests. This practice is problem that can lead to slower ROE and excessive cash on hand.</li>
</ul>


Until now, listed companies have been reluctant to even lower the minimum shareholder purchase amount for reasons of economic rationality and administrative costs.
The same issues underlie reluctance of companies in lowering amount to purchase shares, online AGMs, electronic delivery of text in notice of convocations, and pre-AGM disclosure of annual securities reports.
Companies have been focused on controlling AGM rather than facing shareholders to increase their interests. This practice is problem that can lead to slower ROE and excessive cash on hand.


A Reluctance to Confront Shareholders Is at the Root of Many Problems

TSE Tokyo Price Index TOPIX

A Reluctance to Confront Shareholders Is at the Root of Many Problems