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.

Future Human Resource Strategy to Mobilize Power Regardless of Age, Gender, or Nationality

Companies Keen to Reduce Administrative Costs, but Reluctant to Provide Convenience to Shareholders

Investors Do Not Want to See A "P/B Improvement Plan" That Follows a Template

Companies with over 50% Independent Directors Have High Profitability and Stock Valuations

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

What Is the Path for Resolving the Challenges of Life Insurance Companies' Policy Shareholdings?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The "minimum majority of outside directors" is an eye catcher, but it does't affect most companies because the 1/3 outside director ratio applies if a nominating committee is in place.</li>
<li>Since companies with majority of independent directors are 12.1% in prime market, the objective becomes to achieve the minimum requirement (1/3 INEDs), and few companies engage in further improving practices.</li>
<li>Companies with over 50% independent director have extremely superior market values in capitalization, ROE, ROA, and Tobin's Q. Therefore, the acceleration of increasing independent director ratios should be seriously implemented.</li>
</ul>


The "minimum majority of outside directors" is an eye catcher, but it does't affect most companies because the 1/3 outside director ratio applies if a nominating committee is in place.
Since companies with majority of independent directors are 12.1% in prime market, the objective becomes to achieve the minimum requirement (1/3 INEDs), and few companies engage in further improving practices.
Companies with over 50% independent director have extremely superior market values in capitalization, ROE, ROA, and Tobin's Q. Therefore, the acceleration of increasing independent director ratios should be seriously implemented.


Headline Is Eye Catching, but the Revised Voting Criteria Do Not Affect Most Companies

TSE Tokyo Price Index TOPIX

Headline Is Eye Catching, but the Revised Voting Criteria Do Not Affect Most Companies