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.

Investors Are Valuing Equities Thinking that Managers Are Still Slow to Put Cash to Good Use?

Shareholder Proposals Likely a Focus at 2024 AGM Are ROE, P/B, and Parent-Subsidiary Listings

Golden Egg Was Not Lost, but How Long Can Keisei Electric Railway Buy Time?

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

Isn't It Hypocritical to Request a P/B Raising Measure While Continuing the Listed Subsidiary IPO?

For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand

ROE Trends Do Not Seem to Indicate a Significant Change in Management's Mindset?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>There are 167 companies of 1,784 companies in Metrical Universe (12/2023) with major shareholders holding over 50% stake, and 605 companies with major shareholders holding between 20% and 50% stake.</li>
<li>TSE has requests listed parent companies, listed subsidiaries, and affiliates to disclose the significance of parent-subsidiary (affiliates) listings. This will further increase pressure for the dissolution of parent-subsidiary (affiliates) listings.</li>
<li>Hitachi's transformation into value-creating company, which once spawned numerous listed subsidiaries, has been a success story since it began full-fledged "selection and concentration" process through the dissolution of parent-subsidiary listings.</li>
</ul>


There are 167 companies of 1,784 companies in Metrical Universe (12/2023) with major shareholders holding over 50% stake, and 605 companies with major shareholders holding between 20% and 50% stake.
TSE has requests listed parent companies, listed subsidiaries, and affiliates to disclose the significance of parent-subsidiary (affiliates) listings. This will further increase pressure for the dissolution of parent-subsidiary (affiliates) listings.
Hitachi's transformation into value-creating company, which once spawned numerous listed subsidiaries, has been a success story since it began full-fledged "selection and concentration" process through the dissolution of parent-subsidiary listings.


Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings

TSE Tokyo Price Index TOPIX

Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings