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.

Continuing Parent-Subsidiary Listings Is Losing Value that Could Be Reliably Obtained

How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?

The Postponement of the Parent-Subsidiary Listing Issue Provides Further Investment Opportunities

Higher Foreign Shareholdings, Which Led to Fewer Takeover Defense, Push Companies To Further Reforms

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The number of listed subsidiaries is decreasing, while equity-method affiliates are increasing. If parent-subsidiary listings are dissolved by selling part of equity interests, this doesn't lead to fundamental management reform.</li>
<li>While some companies have finally gotten off their backsides after seeing engagement results, the challenge is shifting to the many companies that refuse to seriously confront management reform.</li>
<li>Investors want confidence in which businesses generate and expand the company's overall cash flow. A serious business portfolio restructuring to provide that confidence remains only halfway complete.</li>
</ul>


The number of listed subsidiaries is decreasing, while equity-method affiliates are increasing. If parent-subsidiary listings are dissolved by selling part of equity interests, this doesn't lead to fundamental management reform.
While some companies have finally gotten off their backsides after seeing engagement results, the challenge is shifting to the many companies that refuse to seriously confront management reform.
Investors want confidence in which businesses generate and expand the company's overall cash flow. A serious business portfolio restructuring to provide that confidence remains only halfway complete.


Parent-Subsidiary Listing Focus: From Small-Scale Fixe to Real Reform, from Prime to Standard Market

TSE Tokyo Price Index TOPIX

Parent-Subsidiary Listing Focus: From Small-Scale Fixe to Real Reform, from Prime to Standard Market