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.

Japan's Governance: About an Article on IR Disclosure

Japan's Governance: About an Article on Board Chair

Japan's Governance: About the Article on the March Shareholders' Meeting Companies Update

Japan's Governance: About Articles on TSE Market Reorganization

Japan's Governance: What Are the Effective Factors for Stock Returns?

Japan's Governance: Do Companies that Changed Corporate Governance Rating Have Higher Stock Returns?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>This article focuses on valuation as a factor in increasing market capitalization and examines what efforts were made by the companies whose Tobin's q increased.</li>
<li>Companies with large increases in Tobin's q made notable improvements in ％ independent directors and independence of compensation committee . The elimination of anti-takeover also helped boost Tobin's q.</li>
<li>Regarding key actions, companies with large increase in valuation could clarify balance between investment in growth and shareholder returns in capital allocation and work on communication with investors in disclosure.</li>
</ul>


This article focuses on valuation as a factor in increasing market capitalization and examines what efforts were made by the companies whose Tobin's q increased.
Companies with large increases in Tobin's q made notable improvements in ％ independent directors and independence of compensation committee . The elimination of anti-takeover also helped boost Tobin's q.
Regarding key actions, companies with large increase in valuation could clarify balance between investment in growth and shareholder returns in capital allocation and work on communication with investors in disclosure.


Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations

TSE Tokyo Price Index TOPIX

Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations