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.

Main Issue Is the Content Rather than the Progress in Complying with the Corporate Governance Code

Move to Company with Statutory Committees Is Shortcut to Make the Compensation Committee Functional

Review of TSE Market Reclassification Requires a Big Cleanup, Not a Small Cleanup as It Should Be

The Time Is Not Far off when the Prime Market Listing Criteria Itself Will Be Questioned

Interest Will Be Focused on when the TSE Will Begin Cleaning up the Prime Market

Japan's Governance: Information Disclosure in English

The Key to Creating Added Value Is to Shift to Management that Values Human Resources

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While 90% of the companies listed on the prime market translate some documents into English, very few companies listed on other markets translate their disclosure documents into English.</li>
<li>There is a mismatch between the documents that prime market listed companies translate into English and the documents that overseas institutional investors require to be translated into English.</li>
<li>Few companies with high foreign ownerships have translated their annual securities reports, convocation notices (business reports) and corporate governance reports into English, which overseas investors need to translate into English.</li>
</ul>


While 90% of the companies listed on the prime market translate some documents into English, very few companies listed on other markets translate their disclosure documents into English.
There is a mismatch between the documents that prime market listed companies translate into English and the documents that overseas institutional investors require to be translated into English.
Few companies with high foreign ownerships have translated their annual securities reports, convocation notices (business reports) and corporate governance reports into English, which overseas investors need to translate into English.


Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies

TSE Tokyo Price Index TOPIX

Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies