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: TSE Prime Market Listing Requirements and Revised Corporate Governance Code

Japan's Governance: A Simple Question and Purpose of Improving Governance to Secure Prime Market

Japan's Governance: Revision of Corporate Governance Code and Ratio of Independent Outside Directors

Japan's Governance: Performance of Companies with a Majority of INEDs on the Board

Japan's Governance: Parent-Subsidiary Listing and Investment Strategy

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<p>METRICAL has been collaborating with BDTI on a study of the relationship between corporate governance practices and value creation. We have analyzed the corporate governance practices and value-creating performance of approximately 1,800 listed companies with a market capitalization of more than approximately JPY10 billion from a variety of perspectives. By examining board practices (the corporate governance guidelines, practices, and structure of the board of directors) and specific actions (the actual actions of the company) separately, this analysis has identified 3 financial performance indicators (ROE, ROA, and Tobin's Q) for each of the board practices and actions. This is because, since the introduction of the Corporate Governance Code, there has been some improvement in the activities of the Board of Directors. However, assuming that one of the key goals of a company is value creation, it is very important to regularly analyze whether such improvements (specifically, which improvements) lead to value creation in order to improve the effectiveness of engagement and stewardship. After the season of AGM, I would like to update you on how independent outside directors have changed.</p>

METRICAL has been collaborating with BDTI on a study of the relationship between corporate governance practices and value creation. We have analyzed the corporate governance practices and value-creating performance of approximately 1,800 listed companies with a market capitalization of more than approximately JPY10 billion from a variety of perspectives. By examining board practices (the corporate governance guidelines, practices, and structure of the board of directors) and specific actions (the actual actions of the company) separately, this analysis has identified 3 financial performance indicators (ROE, ROA, and Tobin's Q) for each of the board practices and actions. This is because, since the introduction of the Corporate Governance Code, there has been some improvement in the activities of the Board of Directors. However, assuming that one of the key goals of a company is value creation, it is very important to regularly analyze whether such improvements (specifically, which improvements) lead to value creation in order to improve the effectiveness of engagement and stewardship. After the season of AGM, I would like to update you on how independent outside directors have changed.

Japan's Governance: Update on the ％ of Independent Outside Directors

TSE Tokyo Price Index TOPIX

Japan's Governance: Update on the ％ of Independent Outside Directors