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.

Little Discussion of Listing Criteria Appropriate for Prime Market Listed Companies

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

High Cost of TOPIX, Which Currently Contains Illiquid Stocks, Is Considered to Be Borne by Users

Shareholder Returns Offered by Companies that Do Not Meet Prime Market Listing Criteria Are.....

Japan's Governance: TOPIX Reform Update (2) - Change in Calculation Method of Floating Share Ratio

More Companies Are Hiring Women Directors, but to Solve the Fundamental Problem of Diversity

Interest Will Be Focused on when the TSE Will Begin Cleaning up the Prime Market

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The ongoing panel discussions also call for increasing TOPIX liquidity as a market need. However, TSE seems to think that it has completed the TOPIX reform for the time being.</li>
<li>TSE appears to be insisting that the criteria for TOPIX stock selection be consistent with the prime market listing criteria of 10 billion Yen in tradable market capitalization.</li>
<li>On the periodic replacement of TOPIX components, TSE isn't looking at the urgent need of improving liquidity as issue to be addressed after the completion of the staged-weighting-reduction (February 2025).</li>
</ul>


The ongoing panel discussions also call for increasing TOPIX liquidity as a market need. However, TSE seems to think that it has completed the TOPIX reform for the time being.
TSE appears to be insisting that the criteria for TOPIX stock selection be consistent with the prime market listing criteria of 10 billion Yen in tradable market capitalization.
On the periodic replacement of TOPIX components, TSE isn't looking at the urgent need of improving liquidity as issue to be addressed after the completion of the staged-weighting-reduction (February 2025).


Criteria for TOPIX Components and Prime Market Listing Criteria Should Be Discussed Separately

TSE Tokyo Price Index TOPIX

Criteria for TOPIX Components and Prime Market Listing Criteria Should Be Discussed Separately