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.

After Selling the Property, There Appears to Be No Set Plan for How the Cash Will Be Used

It Is Time to Identify True Value and Growth Stocks Rather than High and Low P/Bs

Return Targets and Use of Cash Should Be Disclosed Together with Cost of Capital

Capital Efficiency Is the Topic of the June AGM, While What Is Happening to Passive Fund Voting?

Amid Slow ROE Improvement, Calls for Stronger Shareholder Returns Will Become Even Stronger

TSE Should Shift Its Business Model from Growing Number of Listed Companies to Expanding Market Cap

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies enjoy the benefits of going public, as a larger market capitalization expands their financing and makes it easier to acquire other companies, without capital raising through equity issuance.</li>
<li>In a market economy, cash returned to shareholders through share buybacks etc is rationally allocated by investing it in companies that need more funds or are worthy of investment.</li>
<li>Companies should successfully communicate their strategies for expanding corporate value and how to use cash to do so. More such companies will lead to the expansion of Tokyo market.</li>
</ul>


Companies enjoy the benefits of going public, as a larger market capitalization expands their financing and makes it easier to acquire other companies, without capital raising through equity issuance.
In a market economy, cash returned to shareholders through share buybacks etc is rationally allocated by investing it in companies that need more funds or are worthy of investment.
Companies should successfully communicate their strategies for expanding corporate value and how to use cash to do so. More such companies will lead to the expansion of Tokyo market.


Now Is the Time to Seek Ingenuity in Cash Allocation, Not Lament the Decline in Equity Financing

TSE Tokyo Price Index TOPIX

Now Is the Time to Seek Ingenuity in Cash Allocation, Not Lament the Decline in Equity Financing