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.

Recruiting Talent May Be Another Key to Business Growth, Alongside the Hurdle Rate

Disclosing Sufficient Information Prior to the AGM May Bring About Change

Improving Capital Profitability Requires Bridging Gaps Understanding Between Managers and Investors

The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers

Will Change to Annual Securities Report Improve in % of Female Managers and Gender Wage Gap?

Human Capital Disclosure Aligns with Global Standard, but Disclosure in English Follows Step-By-Step

Does the Shift in Shareholder Composition Drive a Transition to Value-Creating Management?

The Battle Against Formalism Is Entering Its Fourth Year

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The government has revised guidelines to implement plan requiring companies to disclose their human resources strategies in connection with their corporate strategies in their annual securities reports starting with FY3/2026.</li>
<li>Since few companies provide information on how metrics such as % of female managers relate to their business strategies, disclosure of strategic objectives—rather than mere figures—is expected.</li>
<li>Whether leading companies provide disclosures that satisfy investors in their annual securities reports for FY3/2026 will determine whether human capital disclosure becomes fully established by March 2027.</li>
</ul>


The government has revised guidelines to implement plan requiring companies to disclose their human resources strategies in connection with their corporate strategies in their annual securities reports starting with FY3/2026.
Since few companies provide information on how metrics such as % of female managers relate to their business strategies, disclosure of strategic objectives—rather than mere figures—is expected.
Whether leading companies provide disclosures that satisfy investors in their annual securities reports for FY3/2026 will determine whether human capital disclosure becomes fully established by March 2027.


Can Companies Move Beyond Mere Number-Crunching Toward Disclosing Their Human Capital Strategies?

TSE Tokyo Price Index TOPIX

Can Companies Move Beyond Mere Number-Crunching Toward Disclosing Their Human Capital Strategies?