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.

To Attract Long-Term Investors to Japanese Equities, Documents Disclosed in English Must Be Expanded

Disclosure in English Is a Way to Help Overseas Investors Better Understand Management Strategy

Need to Shift from Obsession with Controlling AGM to Sharing the Value of Engagement

Translated Materials Differ Between Disclosures in English that Meet Investor Demand and Reluctance

Simultaneous Disclosure in Japanese and English Is the Immediate Goal

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even in 93.8% of prime companies that disclose financial results in English, many disclose only summaries and financial statements in English, while few provide qualitative information and notes in English. </li>
<li>The belief that the company doesn't provide sufficient information to shareholders to control AGM is common to reluctance to disclose documents in English, which are highly demand by overseas investors.</li>
<li>The idea of “not wanting to provide overseas investors with sufficient information,” which has ingrained in many companies, is opposed to movement to “improve the quality of dialogue with investors.”</li>
</ul>


Even in 93.8% of prime companies that disclose financial results in English, many disclose only summaries and financial statements in English, while few provide qualitative information and notes in English. 
The belief that the company doesn't provide sufficient information to shareholders to control AGM is common to reluctance to disclose documents in English, which are highly demand by overseas investors.
The idea of “not wanting to provide overseas investors with sufficient information,” which has ingrained in many companies, is opposed to movement to “improve the quality of dialogue with investors.”


Another Reason Companies Are Reluctant to Disclose in English, and Not Just Because of the Cost

TSE Tokyo Price Index TOPIX

Another Reason Companies Are Reluctant to Disclose in English, and Not Just Because of the Cost