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.

What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?

Company Initiatives Appear to Take Longer than a Year to Be Reflected in Stock Valuations

What Kind of Companies Raised Their Stock Valuations After TSE's Request?

Currently Situation Companies Are Matching Numbers Without Fully Grasping the Fundamentals

Without Fundamental Solutions, Will Companies Not Chang, After Moving to a Market with Lax Criteria?

The Game Has Changed Since the Era of Cross-Shareholdings

Is the Standard Market, a Collection of Problem Companies, a Gold Mine for Investors?

The Challenge Lies in Reviving a Company that Hasn't Grown, but Future IPO Prospects Are Anticipated

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The gap with investor expectations is that companies aren't progressing as anticipated in either laying groundwork for future cash flow generation or implementing shareholder returns significant to improve capital profitability.</li>
<li>While share buybacks help underpin stock prices, TOBs that purchase shares at premium act as a catalyst for price increases. Therefore, share reductions through TOBs are more positive for prices.</li>
<li>Going private through a tender offer or similar means is a measure aimed at achieving substantial future corporate value growth and stock price appreciation, as anticipated by investors.</li>
</ul>


The gap with investor expectations is that companies aren't progressing as anticipated in either laying groundwork for future cash flow generation or implementing shareholder returns significant to improve capital profitability.
While share buybacks help underpin stock prices, TOBs that purchase shares at premium act as a catalyst for price increases. Therefore, share reductions through TOBs are more positive for prices.
Going private through a tender offer or similar means is a measure aimed at achieving substantial future corporate value growth and stock price appreciation, as anticipated by investors.


How Many Substantial Measures—not Piecemeal Shareholder Returns—will Be Unveiled in 2026?

TSE Tokyo Price Index TOPIX

How Many Substantial Measures—not Piecemeal Shareholder Returns—will Be Unveiled in 2026?