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.

Effectiveness of MBO Special Committee Is Linked to Effectiveness of Independent Directors

Activist Investors Will Focus Their Approach More on Whole Assets that Aren't Being Used Effectively

The Key to Japanese Equity Outperformance Is a Step Beyond Shareholder Returns

Need to Increase Human Capital Investment as Soon as Possible to Move to High Value-Added Businesses

Companies Should Reset the Yen's Depreciation Benefit Mindset and Regain Core Competencies

Big Gap Between Companies that “don't Have a Gap in Investors' Viewpoints” and Those that Don't

The Only Way to Know if a Company Are Improving in Real Terms Is if It Is Creating Value

Is Slower Management Decision Making of Japanese Companies Relate to Slower Growth of Market Cap?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Japan's declining % global GDP and the number of top companies in market capitalization shows that simply boosting profits through yen depreciation left behind the growth speed of global competitors.</li>
<li>While many Japanese companies tried to improve profit margins by reducing labor costs and other expenses, few have managed to improve gross profit margins, which relate to their business models.</li>
<li>The fact that few companies have taken steps to shift to higher value-added products and services is why the yen rate remains a key factor in stock valuations.</li>
</ul>


Japan's declining % global GDP and the number of top companies in market capitalization shows that simply boosting profits through yen depreciation left behind the growth speed of global competitors.
While many Japanese companies tried to improve profit margins by reducing labor costs and other expenses, few have managed to improve gross profit margins, which relate to their business models.
The fact that few companies have taken steps to shift to higher value-added products and services is why the yen rate remains a key factor in stock valuations.


Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

TSE Tokyo Price Index TOPIX

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins