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.

Without Fundamental Solutions, Tackling Issues by Comparing to Other Countries Is the Usual Pattern

Creating Businesses that Generate High Gross Profit Margins Is the Key to Generating Cash Flow

Disclosing Sufficient Information Prior to the AGM May Bring About Change

The New Expectations for Individual Investors Go Hand in Hand with Caution Toward Activist Investors

Companies that Wish to Distance from Facing Shareholders Are Unlikely to Achieve Management Reform

Managers Will Be Asked Whether They Explained to Investors Why Equity Financing Is the Best Option

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>As the influence of foreign investors grows, we believe that listed companies can increase their base of individual shareholders by lowering the minimum investment unit and reinstating shareholder benefit programs.</li>
<li>The increase in the number of listed companies actually implementing stock splits to lower their minimum trading units was triggered by a “request from the Tokyo Stock Exchange” in 2023.</li>
<li>Companies that understand well present measures to increase individual shareholders as a response to TSE’s request to boost stock prices, but their actual goal is to secure the poxy voting.</li>
</ul>


As the influence of foreign investors grows, we believe that listed companies can increase their base of individual shareholders by lowering the minimum investment unit and reinstating shareholder benefit programs.
The increase in the number of listed companies actually implementing stock splits to lower their minimum trading units was triggered by a “request from the Tokyo Stock Exchange” in 2023.
Companies that understand well present measures to increase individual shareholders as a response to TSE’s request to boost stock prices, but their actual goal is to secure the poxy voting.


Is the Real Purpose Behind the Increasing Number of Stock Splits to Secure Proxy Voting?

TSE Tokyo Price Index TOPIX

Is the Real Purpose Behind the Increasing Number of Stock Splits to Secure Proxy Voting?