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.

Big Gap Between Companies that “don't Have a Gap in Investors' Viewpoints” and Those that Don't

Will the Legal Reform of Substantial Shareholder Disclosure Change the Voting Practices?

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

If Profits Cannot Grow, Tokyo Market Will Be Full of PE and Activist Investors

Going Private Is Not an “exit” from the Market, but the Beginning of the Next Step

Listing Criteria for the TSE Growth Market Is Expected to Be Raised Starting April 2026

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Declining components from MSCI indexes will lead to less inflows from active as well as passive funds, and less transmission from the sell-side to global investors.</li>
<li>Based on the assumption that the world's top companies have grown in response to changes in the environment, Japanese companies may be relatively slow in making management decisions for growth.</li>
<li>As benchmark adopters reduce their investments in Japanese equities, investors adopting investment strategies that are less concerned with benchmarks will have a greater presence than ever before.</li>
</ul>


Declining components from MSCI indexes will lead to less inflows from active as well as passive funds, and less transmission from the sell-side to global investors.
Based on the assumption that the world's top companies have grown in response to changes in the environment, Japanese companies may be relatively slow in making management decisions for growth.
As benchmark adopters reduce their investments in Japanese equities, investors adopting investment strategies that are less concerned with benchmarks will have a greater presence than ever before.


Is Slower Management Decision Making of Japanese Companies Relate to Slower Growth of Market Cap?

TSE Tokyo Price Index TOPIX

Is Slower Management Decision Making of Japanese Companies Relate to Slower Growth of Market Cap?