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.

Criticism of Shareholder Proposals from Activist Investors Is a Comforting Word for Management

Combining Equity Method Affiliates and Founder Family Companies Provide Sufficient Number of Targets

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

Stock Prices Driven by Expectations Require Support from Actual Corporate Performance

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Investors are beginning to focus on equity-method affiliates listed on TSE Prime Market. The raising of this standard in proxy voting advisory policy is expected to accelerate business portfolio restructuring.</li>
<li>Regarding the stricter requirements for outside directors and outside auditors involved in audits, the view that a 12-year tenure is too long is already shared among institutional investors.</li>
<li>Regarding the tightening of board diversity criteria, since few Prime Market-listed companies fall below 10% female member threshold—which is lower than the government's 2025 interim target of 19%.</li>
</ul>


Investors are beginning to focus on equity-method affiliates listed on TSE Prime Market. The raising of this standard in proxy voting advisory policy is expected to accelerate business portfolio restructuring.
Regarding the stricter requirements for outside directors and outside auditors involved in audits, the view that a 12-year tenure is too long is already shared among institutional investors.
Regarding the tightening of board diversity criteria, since few Prime Market-listed companies fall below 10% female member threshold—which is lower than the government's 2025 interim target of 19%.


If Investors Adopt Strict Proxy Voting at Listed Equity Method Affiliates, the Impact Will Be Great

TSE Tokyo Price Index TOPIX

If Investors Adopt Strict Proxy Voting at Listed Equity Method Affiliates, the Impact Will Be Great