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.

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

Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures

Meaningful If "P/B Below 1x" Is a Change of Mindset that Makes Managers Decide to Take an MBO

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even when the TOPIX constituents are narrowed down to 1,200 stocks, the impact on market capitalization differs between those that remain and those that do not.</li>
<li>Measures to increase the free-float market capitalization (20 billion yen level) used in the TOPIX calculation criteria involve reducing fixed shares such as cross-shareholdings and raising stock prices.</li>
<li>Presenting a compelling performance outlook that demonstrates the expansion of corporate value is key to increasing market capitalization, and showing signs of this in recent performance is paramount.</li>
</ul>


Even when the TOPIX constituents are narrowed down to 1,200 stocks, the impact on market capitalization differs between those that remain and those that do not.
Measures to increase the free-float market capitalization (20 billion yen level) used in the TOPIX calculation criteria involve reducing fixed shares such as cross-shareholdings and raising stock prices.
Presenting a compelling performance outlook that demonstrates the expansion of corporate value is key to increasing market capitalization, and showing signs of this in recent performance is paramount.


For Companies Surviving on TOPIX, Resolving Cross-Shareholdings and Achieving Growth Are Essential

TSE Tokyo Price Index TOPIX

For Companies Surviving on TOPIX, Resolving Cross-Shareholdings and Achieving Growth Are Essential