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.

Thanks to TSE's Guidance, Parent-Subsidiary Listings Remain a Long-Lasting Investment Opportunity

Isn't the Market Impatient for the Companies to Implement Management Reforms?

Recent Stock Price Rise May Be Due to Expectation for Greater Shareholder Returns Rather than Growth

A Reluctance to Confront Shareholders Is at the Root of Many Problems

Management Strategy Before Starting a Constructive Dialogue with Investors

One of the Clues to Know How Serious a Company Is About Shifting to Management that Creates Value

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Improvements in OP margin and Sales/Total Assets have been slow to improve ROE. More companies are including DOE in their dividend policy against the backdrop of increasing cash on hand.</li>
<li>With costs expected to increase amid rising prices, sales and gross margins need to be raised, and therefore the component costs of investment and high-margin operations need to be raised.</li>
<li>Restructuring the business portfolio later to determine cash allocation will not result in effective investment and must result in limited improvement in profit margins on sales.</li>
</ul>


Improvements in OP margin and Sales/Total Assets have been slow to improve ROE. More companies are including DOE in their dividend policy against the backdrop of increasing cash on hand.
With costs expected to increase amid rising prices, sales and gross margins need to be raised, and therefore the component costs of investment and high-margin operations need to be raised.
Restructuring the business portfolio later to determine cash allocation will not result in effective investment and must result in limited improvement in profit margins on sales.


Many Companies Are in Stage of Setting Caps to Ensure that Cash on Hand Grows No More than Necessary

TSE Tokyo Price Index TOPIX

Many Companies Are in Stage of Setting Caps to Ensure that Cash on Hand Grows No More than Necessary