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.

Are Activist Investors Starting to Realize What's Key to Improving Corporate Governance Practices?

Both the Reduction in Cash on Hand and the Reduction in Policy-Held Shares Are Still Underway

As for the Amount Eligible for Profit Distribution Under the Rules, That’s One Thing...

Why Has Capital Profitability Improvement Stalled Despite Progress in Reducing Cross-Holdings?

The Root Cause Is Often a Lack of Understanding of the Underlying Premise

Unless the Necessary Steps Are Specified, Few Companies Take Initiatives to Reform on Their Own

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While more companies are formulating and disclosing capital policies over past 2 years, fewer than half can specifically articulate strategies for achieving profitability that exceeds their cost of capital.</li>
<li>Only a handful of companies have disclosed a roadmap for specific measures to improve profitability, and it appears it will take time for most companies to reach that stage.</li>
<li>About 60% of the companies that responded are currently revising their business portfolio strategies, but this percentage has increased only slightly compared to two years ago.</li>
</ul>


While more companies are formulating and disclosing capital policies over past 2 years, fewer than half can specifically articulate strategies for achieving profitability that exceeds their cost of capital.
Only a handful of companies have disclosed a roadmap for specific measures to improve profitability, and it appears it will take time for most companies to reach that stage.
About 60% of the companies that responded are currently revising their business portfolio strategies, but this percentage has increased only slightly compared to two years ago.


How Long Will This Phase of Increasing the Effectiveness of Shareholder Return Policies Continue?

TSE Tokyo Price Index TOPIX

How Long Will This Phase of Increasing the Effectiveness of Shareholder Return Policies Continue?