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.

Simply Returning Profits to Shareholders Will Increase Gap in Valuations Among Companies

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

It Is Hoped that the Content of Shareholder Meetings Will Be Enhanced in the Future

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

Isn't the Reason for More Share Buyback Disclosures Before the AGMs to Avoid Discussion by Managers?

Japan's Governance: About the Article on Holding Shares Contributed to Retirement Benefit Trusts

Certainly the Increase in Share Repurchases Is to Be Commended, But......

It Is a Good Trend that More Japanese Managers Are Using "Capital Allocation and Cash Allocation"

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>I believe the change in TOPIX float calculation criteria had significant impact on the pace of reductions last year. It's necessary to pay attention to whether the pace will continue.</li>
<li>"Deemed shares held" are shares contributed to the retirement benefit trust, and the company retains the right to direct the voting rights. Remember that cross-held shares exist here as well.</li>
<li>I would like listed companies to settle the issue of policy shareholdings as soon as possible and focus on how to raise profit margins, which is the biggest issue.</li>
</ul>


I believe the change in TOPIX float calculation criteria had significant impact on the pace of reductions last year. It's necessary to pay attention to whether the pace will continue.
"Deemed shares held" are shares contributed to the retirement benefit trust, and the company retains the right to direct the voting rights. Remember that cross-held shares exist here as well.
I would like listed companies to settle the issue of policy shareholdings as soon as possible and focus on how to raise profit margins, which is the biggest issue.


Don't Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

TSE Tokyo Price Index TOPIX

Don't Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings