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.

Is Effective Reform Only Possible After Future Problems with High-Risk Companies?

ROIC Helps to Raise Transparency in Business, but Management Skills Are the Key to Improve Return

The Problem Isn’t for the Subsidiary Shareholders but for the Parent Company Shareholders

Japan's Governance: TSE Market Reorganization And "Transitional Measures”

Little Discussion of Listing Criteria Appropriate for Prime Market Listed Companies

Prime Market Should Raise Market Cap Standards. Companies Should Take Measures to Raise Valuations

In-Depth Approach Is Necessary for Companies Seeking Further Communication with Overseas Investors

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>For companies applying transitional measures, it was an opportunity to attract investor attention and consider what is listing. This should serve as an opportunity to promote metabolism of listed companies.</li>
<li>Listing fees are set at the highest rates for prime market, so if the number of prime market companies decreases, TSE revenues will decrease. A conflict of interest has arisen.</li>
<li>With such a conflict of interest at TSE, it is unlikely that the contradiction between the prime market concept and listing criteria that many market participants perceive can be resolved.</li>
</ul>


For companies applying transitional measures, it was an opportunity to attract investor attention and consider what is listing. This should serve as an opportunity to promote metabolism of listed companies.
Listing fees are set at the highest rates for prime market, so if the number of prime market companies decreases, TSE revenues will decrease. A conflict of interest has arisen.
With such a conflict of interest at TSE, it is unlikely that the contradiction between the prime market concept and listing criteria that many market participants perceive can be resolved.


Conflicts of Interest Prevent TSE from Resolving Prime Market Listing Criteria Issues

TSE Tokyo Price Index TOPIX

Conflicts of Interest Prevent TSE from Resolving Prime Market Listing Criteria Issues