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.

Annual Securities Reports Are the Greatest Tool for Dialogue with Investors

The Fundamental Issue of Submitting Annual Securities Reports Prior to AGMs Has yet to Be Discussed

Japanese Stocks, Despite Liquidity Challenges, Offer Many Investment Targets for Activist Investors

Whether or Not to Promote Diversity in the Company Depends on Management Leadership

Investors Are Less Interested in Companies that Generate Little Cash Despite Shareholder Returns

Will Change to Annual Securities Report Improve in % of Female Managers and Gender Wage Gap?

Continuing Parent-Subsidiary Listings Is Losing Value that Could Be Reliably Obtained

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Financial Services Agency is considering revising the disclosure format for annual securities reports concerning human capital, with the aim of making it easier for investors to understand companies' HR strategies.</li>
<li>While the policy aims to provide disclosure guidelines aligned with international standards, it is unlikely that English-language disclosures regarding human capital will advance significantly.</li>
<li>Regarding disclosures that link human capital to management strategy, more companies may adopt methods that decompose ROE and ROIC and link them to KPIs.</li>
</ul>


Financial Services Agency is considering revising the disclosure format for annual securities reports concerning human capital, with the aim of making it easier for investors to understand companies' HR strategies.
While the policy aims to provide disclosure guidelines aligned with international standards, it is unlikely that English-language disclosures regarding human capital will advance significantly.
Regarding disclosures that link human capital to management strategy, more companies may adopt methods that decompose ROE and ROIC and link them to KPIs.


Human Capital Disclosure Aligns with Global Standard, but Disclosure in English Follows Step-By-Step

TSE Tokyo Price Index TOPIX

Human Capital Disclosure Aligns with Global Standard, but Disclosure in English Follows Step-By-Step