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.

Key to Look Carefully to See if What Is Disclosed Is Consistent with Profitability and Other Results

What Is Needed for More Engagement to Be Effective Is to Reduce Policy Shareholdings

Although the Cost of Capital for CBs Should Be Considered Much Higher than for SBs

Investors Still Do Not Trust the Profit Margin Improvement in the Mid-Term Management Plan

Even Though the June AGM Was Spread over 4 Days, 26.4% of the Companies Were Concentrated on June 29

Shareholder Returns Will Increase over June AGM, but Will Companies Hold up with Sluggish ROE?

Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals

What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Although it's possible to move AGM forward given the timing of financial reporting, 70% of companies will hold their AGM during the 3 days of the last week of June.</li>
<li>As long as the concentration of AGM dates continues, the start of electronic provision of AGM documents should at least be accelerated to allow time to review the agenda.</li>
<li>Only slightly less than 30% of prime market listed companies provide English translations of all convocation notices, including business reports and financial statements.</li>
</ul>


Although it's possible to move AGM forward given the timing of financial reporting, 70% of companies will hold their AGM during the 3 days of the last week of June.
As long as the concentration of AGM dates continues, the start of electronic provision of AGM documents should at least be accelerated to allow time to review the agenda.
Only slightly less than 30% of prime market listed companies provide English translations of all convocation notices, including business reports and financial statements.


Many Companies Still Consider Engagement with Investors to Be Someone Else's Business

TSE Tokyo Price Index TOPIX

Many Companies Still Consider Engagement with Investors to Be Someone Else's Business