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.

"Danger Past, God Forgotten" How Long Will the Effect of TSE's Request Last?

The Good News Is that Companies May Change in Less than 17 Years!

Going Private Is Not an “exit” from the Market, but the Beginning of the Next Step

Improvements Have Expired in Criteria Related to the 2019 Corporate Governance Code Revision

Financial Disclosures During Trading Hours Was Disappointing in 2Q, but Will Increase Gradually

Reducing Cross-Held Shares Is Precisely What Is Needed to Promote Management Change

Japan Market Attractive for PE Investment Despite Low Profit Growth

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It is commendable that more listed companies as a whole are setting ROE and ROIC as their targets. The real value of actually achieving these goals will now be tested.</li>
<li>Dividend Policy score, Treasury Shares Retirement score, AGM Disclosure score, and IR Disclosure score improved slightly, but the listed companies as a whole have yet to show improvement.</li>
<li>Even though higher stock prices negatively impacted Policy Stock Holding score, overall improvement has not been achieved for the listed companies. Cash allocation also remains an issue for many companies.</li>
</ul>


It is commendable that more listed companies as a whole are setting ROE and ROIC as their targets. The real value of actually achieving these goals will now be tested.
Dividend Policy score, Treasury Shares Retirement score, AGM Disclosure score, and IR Disclosure score improved slightly, but the listed companies as a whole have yet to show improvement.
Even though higher stock prices negatively impacted Policy Stock Holding score, overall improvement has not been achieved for the listed companies. Cash allocation also remains an issue for many companies.


Growth Policy Score Improved with the Request to Raise P/B, but Other Criteria Are in the Process

TSE Tokyo Price Index TOPIX

Growth Policy Score Improved with the Request to Raise P/B, but Other Criteria Are in the Process