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.

It Is Hoped that the Content of Shareholder Meetings Will Be Enhanced in the Future

Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies

Shareholder Returns Offered by Companies that Do Not Meet Prime Market Listing Criteria Are.....

The Light and Dark Sides of the Creation of the TSE Prime Market Make Us Think Again

The Time Is Not Far off when the Prime Market Listing Criteria Itself Will Be Questioned

Simply Returning Profits to Shareholders Will Increase Gap in Valuations Among Companies

The Key to Creating Added Value Is to Shift to Management that Values Human Resources

Mandatory Disclosure of Gender Wage Differentials Is Still a First Step

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The listing criteria regarding trading volume is much simpler than other criteria. It's clear that an average daily trading value of 20 million yen isn't sufficient liquidity for many investors.</li>
<li>Many companies that fail to meet listing standards have low expectations for future cash flows, which leads to low valuations and is the reason for sluggish trading volume.</li>
<li>Keeping these companies in prime market is expected to lead to more focus on this issue, as the gap between these companies and their exact opposites will widen further.</li>
</ul>


The listing criteria regarding trading volume is much simpler than other criteria. It's clear that an average daily trading value of 20 million yen isn't sufficient liquidity for many investors.
Many companies that fail to meet listing standards have low expectations for future cash flows, which leads to low valuations and is the reason for sluggish trading volume.
Keeping these companies in prime market is expected to lead to more focus on this issue, as the gap between these companies and their exact opposites will widen further.


Interest Will Be Focused on when the TSE Will Begin Cleaning up the Prime Market

TSE Tokyo Price Index TOPIX

Interest Will Be Focused on when the TSE Will Begin Cleaning up the Prime Market