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.

FSA Roadmap Is Realistic, but Progress on Scope 3 Disclosures Will Follow the Revision of Guidelines

Japan Market Attractive for PE Investment Despite Low Profit Growth

Reducing Cross-Held Shares Is Precisely What Is Needed to Promote Management Change

Companies Have Begun to Be Aware of Cash Flow, but the Reality Is that It Doesn't Produce Results

There Are Still Very Many Companies with High Cash on Hand Relative to Sales

After TSE's Request, the Key Is Whether the Company Can Deliver While Investors Are Still Hopeful

Shareholder Activism Plays a Significant Role in Companies that Are Slow to Change

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The most common example of poor disclosure is “Disclosure is merely a list of initiatives. The timing of achievement, numerical targets, necessary resources, etc. should be explained.</li>
<li>Poor disclosure examples that “do not analyze issues or consider additional actions in a flexible manner” may not have a well-reasoned plan to disclose at this stage.</li>
<li>It is clear that many companies are not sufficiently considering the reduction or withdrawal of unprofitable businesses, as evidenced by their low return on sales and return on capital.</li>
</ul>


The most common example of poor disclosure is “Disclosure is merely a list of initiatives. The timing of achievement, numerical targets, necessary resources, etc. should be explained.
Poor disclosure examples that “do not analyze issues or consider additional actions in a flexible manner” may not have a well-reasoned plan to disclose at this stage.
It is clear that many companies are not sufficiently considering the reduction or withdrawal of unprofitable businesses, as evidenced by their low return on sales and return on capital.


Can TSE's “Examples of Bad Disclosures” Help Companies Shift to Shareholder-Oriented Management?

TSE Tokyo Price Index TOPIX

Can TSE's “Examples of Bad Disclosures” Help Companies Shift to Shareholder-Oriented Management?