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.

What Are the Reasons Japanese Companies Cannot Overcome the Drawbacks of Traditional Management?

This Revision to Corporate Governance Codes Could Be Perceived as Defending Outdated Practices

Japanese Stocks' Low Trading Liquidity Has Adversely Affected Management's Shift To Value Creation

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

Attention Should Be Paid to Whether the Pseudo Cross-Shareholdings Will Hinder Management Reform

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

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>As cross-shareholding structure begins to break down and concerns grow over the influence of activist investors, an increasing number of companies are introducing shareholder benefits to win over individual shareholders.</li>
<li>Some believe that having more individual investors not only helps limit declines—particularly during market downturns—but also lowers the cost of capital. However, it's unclear whether shareholder benefits are effective.</li>
<li>Retail investors aren't the only diverse investors. Institutional investors also engage in a variety of investment strategies, and repurchasing treasury stock is an effective way to reduce stock price volatility.</li>
</ul>


As cross-shareholding structure begins to break down and concerns grow over the influence of activist investors, an increasing number of companies are introducing shareholder benefits to win over individual shareholders.
Some believe that having more individual investors not only helps limit declines—particularly during market downturns—but also lowers the cost of capital. However, it's unclear whether shareholder benefits are effective.
Retail investors aren't the only diverse investors. Institutional investors also engage in a variety of investment strategies, and repurchasing treasury stock is an effective way to reduce stock price volatility.


More Companies Are Introducing Shareholder Benefits Without Addressing Concerns About Fairness

TSE Tokyo Price Index TOPIX

More Companies Are Introducing Shareholder Benefits Without Addressing Concerns About Fairness