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.

Ten Years Have Passed Without Companies Truly Understanding the Essence of Corporate Governance

Won’t Companies Fall into the Trap of Formalism when Amending Laws Just to Build a Track Record?

While % of Female Board Members Has Risen, Now Is Time to Ask Whether Companies Are Creating Value

What Corporate Governance Practices Should a “frontrunner” Adopt?

Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult

Accountability to Shareholders, Transparency, and Governance that Embraces Diverse Values Are Needed

What Companies Should Do Before Engaging in Constructive Dialogue

The Move to Reschedule the AGM for Late June Is Putting the Cart Before the Horse

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>METI’s “cash should be concentrated on businesses with high capital efficiency, while businesses with low capital efficiency should be considered for sale to others” makes reviewing “parent-subsidiary listings” top priority.</li>
<li>As companies became accustomed to increasing profits without creating products that added value, they were increasingly reluctant to make risky investments, resulting in cash piling up in bank deposits.</li>
<li>Japanese companies often seem to prefer doling out shareholder returns in small increments because they find it a hassle to explain their decisions directly to shareholders.</li>
</ul>


METI’s “cash should be concentrated on businesses with high capital efficiency, while businesses with low capital efficiency should be considered for sale to others” makes reviewing “parent-subsidiary listings” top priority.
As companies became accustomed to increasing profits without creating products that added value, they were increasingly reluctant to make risky investments, resulting in cash piling up in bank deposits.
Japanese companies often seem to prefer doling out shareholder returns in small increments because they find it a hassle to explain their decisions directly to shareholders.


History Shows that Unique Ideas Emerge when Overcoming Harsh External Environments

TSE Tokyo Price Index TOPIX

History Shows that Unique Ideas Emerge when Overcoming Harsh External Environments