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.

What Kind of Companies Raised Their Stock Valuations After TSE's Request?

Focus on How Practices Improve for Value Creation, Not Whether Improved Practices Helps Create Value

What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?

As for the Amount Eligible for Profit Distribution Under the Rules, That’s One Thing...

Avoid Letting Companies Fall into Formalism by Aligning Evaluation with Investors' Perspectives

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The fact that many companies have yet to review their business portfolios is the reason why the effective utilization of capital and assets is progressing so slowly.</li>
<li>Even when complying with "interpretation guidelines," it's easy to imagine that companies will fall into two categories: those that set high standards and those that merely meet the minimum requirements.</li>
<li>In Japan, where secured loans have traditionally been dominant, the historical emphasis on assets that could be used as collateral may have influenced management’s preference for maintaining high cash reserves.</li>
</ul>


The fact that many companies have yet to review their business portfolios is the reason why the effective utilization of capital and assets is progressing so slowly.
Even when complying with "interpretation guidelines," it's easy to imagine that companies will fall into two categories: those that set high standards and those that merely meet the minimum requirements.
In Japan, where secured loans have traditionally been dominant, the historical emphasis on assets that could be used as collateral may have influenced management’s preference for maintaining high cash reserves.


Does the “curse” of Secured Loans Still Influence the Mindset of Managers Today?

TSE Tokyo Price Index TOPIX

Does the “curse” of Secured Loans Still Influence the Mindset of Managers Today?