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.

Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders

Raising the Standard of Discipline Among Companies Listed on the Standard Market Is Crucial

With Transitional Measures Ending, Improving the Quality of Existing Listed Companies Will Be Key

To Improve the Quality of Listed Companies, Every Effort to Promote Going Private Is Necessary

Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don't Pursue Growth

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The most common reason companies fail to meet listing maintenance standards is insufficient tradable shares market capitalization for Prime and Standard Markets, and insufficient market capitalization growth for Growth Market.</li>
<li>Many companies failing to meet listing maintenance standards on Prime/Growth Market will transition to Standard Market. Those failing to meet Standard market's criteria will seek to transition to regional exchanges.</li>
<li>Most companies failing to meet the listing maintenance standards on the Standard Market can transfer to regional exchanges, but 14 companies face difficulties even in transferring to regional exchanges.</li>
</ul>


The most common reason companies fail to meet listing maintenance standards is insufficient tradable shares market capitalization for Prime and Standard Markets, and insufficient market capitalization growth for Growth Market.
Many companies failing to meet listing maintenance standards on Prime/Growth Market will transition to Standard Market. Those failing to meet Standard market's criteria will seek to transition to regional exchanges.
Most companies failing to meet the listing maintenance standards on the Standard Market can transfer to regional exchanges, but 14 companies face difficulties even in transferring to regional exchanges.


Markets Serving as a Landing Place for Companies Failing to Meet Listing Criteria Will Lose Quality

TSE Tokyo Price Index TOPIX

Markets Serving as a Landing Place for Companies Failing to Meet Listing Criteria Will Lose Quality