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.

Why Go to the Trouble of Switching to Another Market Just to Stick with Listed Companies?

Is Lagging Among Standard Market Companies Due to Lack of Disclosure or Investor Engagement?

Improving Capital Profitability Requires Bridging Gaps Understanding Between Managers and Investors

Markets Serving as a Landing Place for Companies Failing to Meet Listing Criteria Will Lose Quality

Amid the Spotlight Triggered by TSE's Request, Some Companies Are Shifting into the Shadows

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

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

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since companies that don't meet the listing criteria on Prime and Growth Market will transition to Standard Market, maintaining and improving the quality of Standard Market will become clear objectives.</li>
<li>In addition to the fact that companies’ targets and initiatives lag behind ROE and ROA that investors demand, Standard Market—where many companies have controlling shareholders—tends to have low trading liquidity.</li>
<li>The current Standard Market provides investment opportunities such as tender offers to dissolve parent-subsidiary listings and management buyouts of family-owned businesses, and the number of target companies is increasing.</li>
</ul>


Since companies that don't meet the listing criteria on Prime and Growth Market will transition to Standard Market, maintaining and improving the quality of Standard Market will become clear objectives.
In addition to the fact that companies’ targets and initiatives lag behind ROE and ROA that investors demand, Standard Market—where many companies have controlling shareholders—tends to have low trading liquidity.
The current Standard Market provides investment opportunities such as tender offers to dissolve parent-subsidiary listings and management buyouts of family-owned businesses, and the number of target companies is increasing.


Investment Opportunities in the Standard Market that Involve TOBs and MBOs Continue to Increase

TSE Tokyo Price Index TOPIX

Investment Opportunities in the Standard Market that Involve TOBs and MBOs Continue to Increase