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.

The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers

What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B

Could Comfort Within Companies with Audit Committees Become a Breeding Ground for Misconduct?

The Battle Against Formalism Is Entering Its Fourth Year

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Fulfilling Fiduciary Duties Is More Important than Setting Boundaries for Independence Criteria

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies with rising foreign shareholding ratios show a marked improvement in the percentage of female board members, suggesting that changes in shareholder composition may prompt shifts in established practices.</li>
<li>The rise in foreign shareholding ratios tends to be closely linked to growth strategies. Effective measures are expected to be implemented going forward through policy-share holdings and cash allocation.</li>
<li>On the other hand, companies with declining foreign ownership ratios appear unable to identify effective measures to improve their stock valuations and capital profitability.</li>
</ul>


Companies with rising foreign shareholding ratios show a marked improvement in the percentage of female board members, suggesting that changes in shareholder composition may prompt shifts in established practices.
The rise in foreign shareholding ratios tends to be closely linked to growth strategies. Effective measures are expected to be implemented going forward through policy-share holdings and cash allocation.
On the other hand, companies with declining foreign ownership ratios appear unable to identify effective measures to improve their stock valuations and capital profitability.


Does the Shift in Shareholder Composition Drive a Transition to Value-Creating Management?

TSE Tokyo Price Index TOPIX

Does the Shift in Shareholder Composition Drive a Transition to Value-Creating Management?