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.

"TSE's Request" Could Be a Harvest that Has Made It Easier to Compare Managers with Stock Valuations

Evaluate Not Only Board Practices, but Also Key Actions to See if They Are Leading to Value Creation

If Japan Were Treasure Trove of Value Stocks, Global Investors Would Not Underweight Japanese Stocks

Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Shouldn't Shareholders Raise Voice for a Company that Is Building up Cash While Its ROE Is Sluggish?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>TSE may be trying to dodge criticism that prime market, which includes many illiquid companies, has large gap with the concept of a "market that global investors can invest in."</li>
<li>JPX Prime 150 Index is expected to solve the problem of TOPIX buying up companies of low quality and not engaging with companies due to the large number of components.</li>
<li>Neither index is expected to differ much in performance since they are both market capitalization-weighted indices, but the difference in component stocks compared to TOPIX will provide investment opportunities.</li>
</ul>


TSE may be trying to dodge criticism that prime market, which includes many illiquid companies, has large gap with the concept of a "market that global investors can invest in."
JPX Prime 150 Index is expected to solve the problem of TOPIX buying up companies of low quality and not engaging with companies due to the large number of components.
Neither index is expected to differ much in performance since they are both market capitalization-weighted indices, but the difference in component stocks compared to TOPIX will provide investment opportunities.


New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors

TSE Tokyo Price Index TOPIX

New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors