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.

Investors Still Do Not Trust the Profit Margin Improvement in the Mid-Term Management Plan

Investors Are Looking for Solutions to Challenges, Not Simply Improved Communication with Investors

Many Companies Still Consider Engagement with Investors to Be Someone Else's Business

Raising ROE May Require Raising Proxy Voting Guidelines

What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

A Common Case of a Company with a Low ROE but with the Founding Family Serving as Successive CEOs

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Few companies have disclosed their cost of capital, so TSE provided specific indicators for this purpose. On the other hand, allergies to cost of capital disclosure are persistent in companies.</li>
<li>It is a concern that many companies still have more fixed remuneration than variable remuneration for compensation incentives, which are a mechanism for achieving capital profitability goals like ROE.</li>
<li>Engagement with overseas investors can be effective, but there are challenges, such as the existence of passive funds and companies with small market capitalizations that are not eligible for investment.</li>
</ul>


Few companies have disclosed their cost of capital, so TSE provided specific indicators for this purpose. On the other hand, allergies to cost of capital disclosure are persistent in companies.
It is a concern that many companies still have more fixed remuneration than variable remuneration for compensation incentives, which are a mechanism for achieving capital profitability goals like ROE.
Engagement with overseas investors can be effective, but there are challenges, such as the existence of passive funds and companies with small market capitalizations that are not eligible for investment.


Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals

TSE Tokyo Price Index TOPIX

Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals