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.

Many Companies that Have Seen Their Founding Family's Stake Decline but Retain CEO Have Challenges

Companies Unable to Escape the Curse of the Unfortunate History of Misunderstanding “Cost of Equity”

Parent-Subsidiary Listing Focus: From Small-Scale Fixe to Real Reform, from Prime to Standard Market

TSE's Request for Disclosure About Parent-Subsidiary Listings Is an Improvement, Not a Solution

ROE and Valuations of Japanese Stocks Will Improve Through Dissolution of Parent-Subsidiary Listings

2 Rakuten Subsidiaries' Listings Run Counter to the Dissolution of Parent-Subsidiary Listings

Still Many "Parent-Subsidiary Listings" Keep to Provide Investment Opportunities for Inefficiencies

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Investors are disappointed that this is not put forward as a management strategy to resolve the parent-subsidiary listing, but the TSE believes that friendly disclosure is the solution.</li>
<li>It's problematic for parent company's shareholders to allow the parent's resources to be used and to leave part of subsidiary's profits outside the company for a long period of time.</li>
<li>For both the parent company and its subsidiaries, this is a lost opportunity to shift to management that can create more value. It'ill only delay the shift to value-creating management.</li>
</ul>


Investors are disappointed that this is not put forward as a management strategy to resolve the parent-subsidiary listing, but the TSE believes that friendly disclosure is the solution.
It's problematic for parent company's shareholders to allow the parent's resources to be used and to leave part of subsidiary's profits outside the company for a long period of time.
For both the parent company and its subsidiaries, this is a lost opportunity to shift to management that can create more value. It'ill only delay the shift to value-creating management.


How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?

TSE Tokyo Price Index TOPIX

How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?