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.

Easier to Raise Listing Criteria, but More Difficult to Encourage Growth of Companies Already Listed

Stock Splits Meet Many Companies' Needs to Increase the Shareholdings of Individual Investors

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

“Parent-Subsidiary Listing” Heaven Continues to Provide Rich Investment Performance for Investors

The Situation Is Different for REITs that Rely on Capital Increase, Despite the Same Low P/B Issue

Improved Governance Tends to Raise Reason to Buy Japanese Stocks when Corporate Profit Is Lackluster

In Order to Avoid Scandals in the Future, Management Must Take Leadership in Changing Mindsets

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While the number of listed companies worldwide has been on a declining trend, the TSE has experienced growth in market capitalization, but growth in market capitalization has been slow.</li>
<li>TSE requested companies to raise their P/B, but admits that many companies have yet to reach this goal and that it'll take considerable time to change to such management style.</li>
<li>Shareholder proposals are increasing. This could hasten the shift to value-creating management, or companies that find it burdensome as a cost of listing may choose to go private.</li>
</ul>


While the number of listed companies worldwide has been on a declining trend, the TSE has experienced growth in market capitalization, but growth in market capitalization has been slow.
TSE requested companies to raise their P/B, but admits that many companies have yet to reach this goal and that it'll take considerable time to change to such management style.
Shareholder proposals are increasing. This could hasten the shift to value-creating management, or companies that find it burdensome as a cost of listing may choose to go private.


Is the Decline in Number of Listed Companies the Beginning of a Shift to Value-Creating Management?

TSE Tokyo Price Index TOPIX

Is the Decline in Number of Listed Companies the Beginning of a Shift to Value-Creating Management?