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.

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

What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?

Company Initiatives Appear to Take Longer than a Year to Be Reflected in Stock Valuations

Combining Equity Method Affiliates and Founder Family Companies Provide Sufficient Number of Targets

MBOs Will Rise, Even if Companies and Funds Are Sleeping in the Same Bed but Having Different Dreams

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

How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?

The Main Battlefield for Dissolution of Parent-Subsidiary Listings Will Shift to Standard Market

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The reason for increasing MBOs is due to difficulty for family-owned companies to transfer management control to descendants, rising % independent directors and tradable shares, alongside increased burdens of disclosures.</li>
<li>It's natural for the founding family to choose MBO when they believe that, as things stand, they cannot achieve their paramount mission of passing on management control to future generations.</li>
<li>Considering the benefits gained from being listed, the investment has more than paid for itself. Therefore, founder-family companies prioritizing the transfer of management control to descendants will pursue MBOs.</li>
</ul>


The reason for increasing MBOs is due to difficulty for family-owned companies to transfer management control to descendants, rising % independent directors and tradable shares, alongside increased burdens of disclosures.
It's natural for the founding family to choose MBO when they believe that, as things stand, they cannot achieve their paramount mission of passing on management control to future generations.
Considering the benefits gained from being listed, the investment has more than paid for itself. Therefore, founder-family companies prioritizing the transfer of management control to descendants will pursue MBOs.


Background of the Increase in MBOs: Different from the Assumptions at the Time of the IPO

TSE Tokyo Price Index TOPIX

Background of the Increase in MBOs: Different from the Assumptions at the Time of the IPO