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.

To Raise a Company's ROE and OP Margin, Significant Restructuring of Business Portfolio Is Necessary

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

Setting Goals Is Key to Achieving Corporate Governance Reform, Rather than the Means to Achieve Them

Rather than “Technical Guidance,” What Is Needed Is Thorough Fiduciary Duty to Shareholders

There Is Also a Difference in Perspective Between Investors and Companies on the Remuneration System

Revision of Corporate Governance Code Will Support Dialogue Between Overseas Investors and Companies

Catalyst for Value-Creating Management Isn't the Revision of Corporate Governance Code, but Rather..

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>If large companies that posted conservative outlook for FY3/2026 revise their guidance upwards amid weakening of Japanese Yen, there is an expectation that the decline in ROE will be smaller.</li>
<li>More companies are strengthening shareholder returns, but a few companies can maintain high enough ROE to create value by hiring large higher shareholder returns to have impact on ROE. </li>
<li>In order to raise ROE to a level that creates value, it is necessary to make investments and shareholder returns to have much impact on ROE.</li>
</ul>


If large companies that posted conservative outlook for FY3/2026 revise their guidance upwards amid weakening of Japanese Yen, there is an expectation that the decline in ROE will be smaller.
More companies are strengthening shareholder returns, but a few companies can maintain high enough ROE to create value by hiring large higher shareholder returns to have impact on ROE. 
In order to raise ROE to a level that creates value, it is necessary to make investments and shareholder returns to have much impact on ROE.


Do Managers Who Give Small Amounts of Shareholder Return to Have Other Objectives?

TSE Tokyo Price Index TOPIX

Do Managers Who Give Small Amounts of Shareholder Return to Have Other Objectives?