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.

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

Expecting Individual Shareholders to Always Act in Line with a Company’s Expectations Is Risky, But

Disclosing Sufficient Information Prior to the AGM May Bring About Change

The Cleanup Left over from the Bubble Economy’s Heyday Is Finally Coming to an End

Japan's Governance: Equity Finance Update: Demaekan (2484)

What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B

The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Equity financing is well known to have an announcement effect, as information asymmetry places managers in a position to know more, thereby signaling that the current stock price is high.</li>
<li>Management must explain to investors why equity financing is the optimal method of raising capital and why a rise in the stock price can be expected.</li>
<li>For companies that increased market capitalization, even without raising equity capital, credit ratings improve, the cost of debt financing decreases, and the potential to acquire larger companies through M&amp;A expands.</li>
</ul>


Equity financing is well known to have an announcement effect, as information asymmetry places managers in a position to know more, thereby signaling that the current stock price is high.
Management must explain to investors why equity financing is the optimal method of raising capital and why a rise in the stock price can be expected.
For companies that increased market capitalization, even without raising equity capital, credit ratings improve, the cost of debt financing decreases, and the potential to acquire larger companies through M&amp;A expands.


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

TSE Tokyo Price Index TOPIX

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