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.

Companies Seem Reluctant to Hold Online AGMs with Online Attendance

Setting the Trading Unit to One Share Is the Quickest Way to Increase Virtual AGMs

The Gap with Investors' Perspective Stems from Managers Trying to Distance Themselves from Investors

How Many Companies Will Be Able to Keep up with the Next Revision of the Corporate Governance Code?

The Data Also Shows that Companies with Low Stock Valuations Are Increasingly Using Share Buybacks

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The increase in stock splits reflects a shift toward meeting the needs of individual shareholders of listed companies, occurring as cross-shareholdings decline and the presence of overseas investors grows.</li>
<li>Companies unwilling to increase foreign ownership further use stock splits to boost individual shareholders. Companies with low stock prices use it to meet as a tool of TSE's P/B request.</li>
<li>It has become clear that increasing the foreign ownership is a higher priority than the increased costs associated with the rise in the number of shareholders resulting from stock split.</li>
</ul>


The increase in stock splits reflects a shift toward meeting the needs of individual shareholders of listed companies, occurring as cross-shareholdings decline and the presence of overseas investors grows.
Companies unwilling to increase foreign ownership further use stock splits to boost individual shareholders. Companies with low stock prices use it to meet as a tool of TSE's P/B request.
It has become clear that increasing the foreign ownership is a higher priority than the increased costs associated with the rise in the number of shareholders resulting from stock split.


Companies that Wish to Distance from Facing Shareholders Are Unlikely to Achieve Management Reform

TSE Tokyo Price Index TOPIX

Companies that Wish to Distance from Facing Shareholders Are Unlikely to Achieve Management Reform