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.

ROIC Helps to Raise Transparency in Business, but Management Skills Are the Key to Improve Return

Conflicts of Interest Prevent TSE from Resolving Prime Market Listing Criteria Issues

Quarterly Disclosure Discussions Leave Investor Perspectives Behind

Lax Governance Would Affects Not Only Occurrence of Scandals, but Also Areas Such as Competitiveness

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Large audit firms focus on more profitable business and improving the profitability of their audit services. Consequently, high-risk firms that have been withdrawn from large firms flow to small-and-medium-sized firms.</li>
<li>"Enhancement of governance, including third-party evaluation function" is crucial to ensure that the audit firm has system to oversee and objectively determine the appropriateness of audit process and audit opinion.</li>
<li>Smaller audit firms will comply with the guidelines just for show, but only when future problems with high-risk firms arise will effective reforms be made in accordance with the guidelines.</li>
</ul>


Large audit firms focus on more profitable business and improving the profitability of their audit services. Consequently, high-risk firms that have been withdrawn from large firms flow to small-and-medium-sized firms.
"Enhancement of governance, including third-party evaluation function" is crucial to ensure that the audit firm has system to oversee and objectively determine the appropriateness of audit process and audit opinion.
Smaller audit firms will comply with the guidelines just for show, but only when future problems with high-risk firms arise will effective reforms be made in accordance with the guidelines.


Is Effective Reform Only Possible After Future Problems with High-Risk Companies?

TSE Tokyo Price Index TOPIX

Is Effective Reform Only Possible After Future Problems with High-Risk Companies?