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.

Isn't the Reason for More Share Buyback Disclosures Before the AGMs to Avoid Discussion by Managers?

The Declining Birthrate Makes Us Think About Japan's Tendency to Postpone Problems

The Adoption of the Presence of Female Directors as a Criterion for Voting Was Finally a First Step

Japan's Governance: Retirement of Treasury Stock and Performance, Corporate Governance

Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations

It Is a Good Trend that More Japanese Managers Are Using "Capital Allocation and Cash Allocation"

Human Capital Disclosure in 'Yuho' Report Is Good News, but There Are Challenges

Japan's Governance: About an Article on Natural and Human Capital Disclosures

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>I would like to discuss the points on the Nikkei article, "Acceleration of Share Buybacks Suggests Undervaluation."</li>
<li>Companies should clarify their capital allocations policy. My analysis shows that companies that raised valuations could articulate capital allocation policies and communicate with investors on growth investment and shareholder returns.</li>
<li>Since information asymmetries between managers and investors exist, attention should be paid to capital allocation. My analysis shows that companies that retired treasury stock 3 or more-times have higher valuations.</li>
</ul>


I would like to discuss the points on the Nikkei article, "Acceleration of Share Buybacks Suggests Undervaluation."
Companies should clarify their capital allocations policy. My analysis shows that companies that raised valuations could articulate capital allocation policies and communicate with investors on growth investment and shareholder returns.
Since information asymmetries between managers and investors exist, attention should be paid to capital allocation. My analysis shows that companies that retired treasury stock 3 or more-times have higher valuations.


Certainly the Increase in Share Repurchases Is to Be Commended, But......

TSE Tokyo Price Index TOPIX

Certainly the Increase in Share Repurchases Is to Be Commended, But......