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.

Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings

Investors Are Valuing Equities Thinking that Managers Are Still Slow to Put Cash to Good Use?

Shareholder Proposals Likely a Focus at 2024 AGM Are ROE, P/B, and Parent-Subsidiary Listings

MBOs Would Open the Door to Investment for Companies that Weren’t Invested for Fear Of "Value Trap"

The Objective of an MBO Is Not to Strip Bothersome Activist Investors of Their Equity Interests

Valuations Will Rise when the Management Changes To "Maximizing Shareholder Interest"

Companies Are Finally at the Starting Line of Taking the First Steps to Improve ROE

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies with large shareholders' interests of 20% or more account for 779 of 1,784 companies in Metrical Universe. A number of companies are investment targets as TOB  and MBO candidates.</li>
<li>Companies with large shareholder influence may feel distanced from general corporate governance practices, but their interests are aligned with those of minority shareholders in terms of shareholder-oriented management.</li>
<li>For quality markets, it's necessary to reduce the number of companies by increasing TOBs and MBOs, and to do so, managers need to be aware of the cost of listing.</li>
</ul>


Companies with large shareholders' interests of 20% or more account for 779 of 1,784 companies in Metrical Universe. A number of companies are investment targets as TOB  and MBO candidates.
Companies with large shareholder influence may feel distanced from general corporate governance practices, but their interests are aligned with those of minority shareholders in terms of shareholder-oriented management.
For quality markets, it's necessary to reduce the number of companies by increasing TOBs and MBOs, and to do so, managers need to be aware of the cost of listing.


For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand

TSE Tokyo Price Index TOPIX

For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand