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.

Many Companies that Have Seen Their Founding Family's Stake Decline but Retain CEO Have Challenges

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

Stock Prices Driven by Expectations Require Support from Actual Corporate Performance

Is TSE List Effective? Companies Need to Demonstrate Momentum in Raising Their Capital Profitability

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Of foreign shareholding in 30% range, 1% is held by activist funds. Meanwhile, the cross-shareholding is around 10%, and ETFs held by BoJ account for 7% of TSE market capitalization.</li>
<li>Passing shareholder proposals remains difficult, as conditions must align: a company must have fairly high foreign ownership, and its conduct must be bad that domestic institutions can endorse the proposal.</li>
<li>Claiming that “shareholder proposals from activist investors often target short-term profit-seeking initiatives” merely serves as a comforting excuse for executives who are postponing management challenges.</li>
</ul>


Of foreign shareholding in 30% range, 1% is held by activist funds. Meanwhile, the cross-shareholding is around 10%, and ETFs held by BoJ account for 7% of TSE market capitalization.
Passing shareholder proposals remains difficult, as conditions must align: a company must have fairly high foreign ownership, and its conduct must be bad that domestic institutions can endorse the proposal.
Claiming that “shareholder proposals from activist investors often target short-term profit-seeking initiatives” merely serves as a comforting excuse for executives who are postponing management challenges.


Criticism of Shareholder Proposals from Activist Investors Is a Comforting Word for Management

TSE Tokyo Price Index TOPIX

Criticism of Shareholder Proposals from Activist Investors Is a Comforting Word for Management