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 Way to Invigorate the Growth Market Is to Raise the Listing Standards for the Prime Market

The Days when Simply IPOs in Growth Market Were Opportunities to Exit and Secure Profits Are Over

Can the Tokyo Stock Exchange's “Growth Market Reform” Really Bring About Change?

To Increase Institutional Investor Participation in IPOs

How Effective Will the Changes in Listing Criteria Be, Amid a Long Grace Period and Secured Listing?

The Challenge Lies in Reviving a Company that Hasn't Grown, but Future IPO Prospects Are Anticipated

Currently Situation Companies Are Matching Numbers Without Fully Grasping the Fundamentals

To Raise the P/B of Listed Companies, the ROE of Half of Them Must Be Lifted Above the Threshold

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even if they fail to meet the listing maintenance criteria for the Growth Market, these companies can transition to the Standard Market with its more lenient listing criteria.</li>
<li>To invigorate Growth Market, companies with large market cap enough to attract overseas investors must continue listing on Growth Market. However, it's not realistic to expect such companies to exist.</li>
<li>TSE Growth Market needs to shift its customer base from ultra-short-term individual investors targeting at IPO issues to those who can tolerate a certain investment horizon in anticipation of growth.</li>
</ul>


Even if they fail to meet the listing maintenance criteria for the Growth Market, these companies can transition to the Standard Market with its more lenient listing criteria.
To invigorate Growth Market, companies with large market cap enough to attract overseas investors must continue listing on Growth Market. However, it's not realistic to expect such companies to exist.
TSE Growth Market needs to shift its customer base from ultra-short-term individual investors targeting at IPO issues to those who can tolerate a certain investment horizon in anticipation of growth.


Expectations Are High for TSE's Disclosure Request, but Performance Is What Matters Most

TSE Tokyo Price Index TOPIX

Expectations Are High for TSE's Disclosure Request, but Performance Is What Matters Most