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.

Substantial “pre AGM Filing of Annual Securities Reports” Will Be After 2027

Pre AGM Annual Securities Report Disclosure as a Clue to a True Dialogue with Investors

Not the Timing of Annual Securities Report Disclosure, but Rather Company Management Objectives

Effort Goals Are Cozy for Both the Government and the Company

The Hurdles to Achieving Early Submission of Annual Securities Reports Before AGM Dates Are High

What Is Needed for More Engagement to Be Effective Is to Reduce Policy Shareholdings

Side Effects of Matching Numbers to Raise the Percentage of Female Board Members

Parent-Subsidiary Listings Are a Microcosm of Japanese Stocks: Change to Value-Creation Is Long Away

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>42 companies submitted their annual securities reports by the business day before AGM date, and most of them submitted their reports immediately before AGM, such as the day before AGM.</li>
<li>If the record date is moved forward from fiscal year-end, the problem of administrative burden will be solved. English-disclosure in annual securities reports will increase, and engagement will be positive.</li>
<li>For companies with a record date in their articles of incorporation, changing the record date would require general shareholders' meeting, but only a few shareholders would oppose the change.</li>
</ul>


42 companies submitted their annual securities reports by the business day before AGM date, and most of them submitted their reports immediately before AGM, such as the day before AGM.
If the record date is moved forward from fiscal year-end, the problem of administrative burden will be solved. English-disclosure in annual securities reports will increase, and engagement will be positive.
For companies with a record date in their articles of incorporation, changing the record date would require general shareholders' meeting, but only a few shareholders would oppose the change.


Pre-AGM Filling of Annual Securities Reports Is Plus, but May Take Long Before More Companies Do So

TSE Tokyo Price Index TOPIX

Pre-AGM Filling of Annual Securities Reports Is Plus, but May Take Long Before More Companies Do So