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.

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While the number of shareholder proposals passed at the June AGMs remained at the usual level of two, those receiving over 40% approval increased from four in 2025 to 11.</li>
<li>The shareholding of foreigners, based on votes, has risen to 28.3%, and while the influence of overseas investors is growing, they still need support of domestic investors to secure majority.</li>
<li>Even if not approved, the company should respect shareholder proposals that receive high approval rate as the shareholders views, and it's important to maintain a sense of accountability toward shareholders.</li>
</ul>


While the number of shareholder proposals passed at the June AGMs remained at the usual level of two, those receiving over 40% approval increased from four in 2025 to 11.
The shareholding of foreigners, based on votes, has risen to 28.3%, and while the influence of overseas investors is growing, they still need support of domestic investors to secure majority.
Even if not approved, the company should respect shareholder proposals that receive high approval rate as the shareholders views, and it's important to maintain a sense of accountability toward shareholders.


Few Shareholder Proposals Have Passed, but the Chances of Them Passing Are Gradually Increasing

TSE Tokyo Price Index TOPIX

Few Shareholder Proposals Have Passed, but the Chances of Them Passing Are Gradually Increasing