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.

Few Companies Have Started to Move Yet, but Can They Raise R & D Investment to Regain Pricing Power?

TSE's "Request" Is a Catalyst for a Final Decision on the Foundation of Years of Engagement

The Raising of Listing Criteria in the Growth Market Will Lead to Increased Investment Opportunities

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

The Solution to Better Corporate Governance Is to Reduce the # of Companies with Large Shareholders

Isn't It Not Strong Enough to Raise ROE by Higher Profit Margin Due to Escape from Deflation?

How Long Will the Escape from Deflation Be a Greater Factor in Stock Price Rises than ROE?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The two groups with the highest percentages of female board members (companies with over 30% and 20%-30%) are consistent with the characteristics of companies in which overseas investors primarily invest.</li>
<li>Companies with over 30% female board members show superior values in many of Board Practices and Key Actions evaluation items. This may be due to improved engagement by overseas investors.</li>
<li>Companies with no female board members have the lowest values in most Corporate Governance Practices items. Therefore, percentage of female board members indicates the seriousness of improving corporate governance practices.</li>
</ul>


The two groups with the highest percentages of female board members (companies with over 30% and 20%-30%) are consistent with the characteristics of companies in which overseas investors primarily invest.
Companies with over 30% female board members show superior values in many of Board Practices and Key Actions evaluation items. This may be due to improved engagement by overseas investors.
Companies with no female board members have the lowest values in most Corporate Governance Practices items. Therefore, percentage of female board members indicates the seriousness of improving corporate governance practices.


Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices

TSE Tokyo Price Index TOPIX

Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices