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.

Unless the Necessary Steps Are Specified, Few Companies Take Initiatives to Reform on Their Own

Standard Markets Would Attract More Attention from Investors Without Trading Liquidity Issues

How Long Will This Phase of Increasing the Effectiveness of Shareholder Return Policies Continue?

With Parent-Subsidiary Listing Permitted, Will Concerns on Independence Be Alleviated by Disclosure?

Managers Should Prepare Long-Term Vision and Management Strategy Before Facing Activist Investors

Now Investors Can Communicate with Company Managers in Common Language, Deep Discussions Will Follow

Without Fundamental Solutions, Will Companies Not Chang, After Moving to a Market with Lax Criteria?

Is the Standard Market, a Collection of Problem Companies, a Gold Mine for Investors?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>A common challenge faced by Japanese companies is inability to concentrate resources on businesses with high profit margins and growth potential, resulting in failure to successfully expand promising businesses overseas.</li>
<li>Establishing and implementing clear criteria for deciding when to invest in or withdraw from businesses is essential for restructuring the business portfolio. The litmus test is eliminating parent-subsidiary dual listings.</li>
<li>The Standard Market is likely to become the main battleground for efforts to resolve parent-subsidiary dual listings.In the Prime Market, increased approaches from activist investors targeting equity-method affiliates are inevitable.</li>
</ul>


A common challenge faced by Japanese companies is inability to concentrate resources on businesses with high profit margins and growth potential, resulting in failure to successfully expand promising businesses overseas.
Establishing and implementing clear criteria for deciding when to invest in or withdraw from businesses is essential for restructuring the business portfolio. The litmus test is eliminating parent-subsidiary dual listings.
The Standard Market is likely to become the main battleground for efforts to resolve parent-subsidiary dual listings.In the Prime Market, increased approaches from activist investors targeting equity-method affiliates are inevitable.


Approaches Aimed at Resolving “parent-Subsidiary Listings” in the Broad Sense Remain Effective

TSE Tokyo Price Index TOPIX

Approaches Aimed at Resolving “parent-Subsidiary Listings” in the Broad Sense Remain Effective