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.

Activist Investors Will Grow Their Presence, as Japanese Equities Would Be Good Fit for The Approach

The Question of Whether the Parent Company Was Aware of Legal Compliance and Corporate Governance

Prime Market Should Raise Market Cap Standards. Companies Should Take Measures to Raise Valuations

More Companies Submitted Shareholder Proposals, but All Were Rejected. Where Is the Problem?

Japan's Governance: Retirement of Treasury Stock and Performance, Corporate Governance

Japan's Governance: Considerations Regarding Retirement of Treasury Stock

Companies Holding "Continuation Meetings" Will Hold Them on the Days of Concentration of the AGMs

The Light and Dark Sides of the Creation of the TSE Prime Market Make Us Think Again

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In my previous analysis, I found that firms with high frequency of share repurchase cancellations increased their market capitalization during the relevant period (12/2021-1/2022).</li>
<li>Even though the short-term share price performances of companies that announced share repurchases were mixed, the share prices of companies with track record of several share repurchases have risen.</li>
<li>It takes certain amount of time for investors to understand the track record and the capital allocation policy is consistent with the goal of increasing corporate value over the-long run.</li>
</ul>


In my previous analysis, I found that firms with high frequency of share repurchase cancellations increased their market capitalization during the relevant period (12/2021-1/2022).
Even though the short-term share price performances of companies that announced share repurchases were mixed, the share prices of companies with track record of several share repurchases have risen.
It takes certain amount of time for investors to understand the track record and the capital allocation policy is consistent with the goal of increasing corporate value over the-long run.


Effective Share-Buyback Require Proven Track Record and Communication to Gain Investor Understanding

TSE Tokyo Price Index TOPIX

Effective Share-Buyback Require Proven Track Record and Communication to Gain Investor Understanding