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.

How Many Companies Will Be Able to Keep up with the Next Revision of the Corporate Governance Code?

Setting the Trading Unit to One Share Is the Quickest Way to Increase Virtual AGMs

With Most Companies Still Unable to Show Results, There Is No Returning to “Stakeholderism”

Companies Seem Reluctant to Hold Online AGMs with Online Attendance

A Reluctance to Confront Shareholders Is at the Root of Many Problems

One of the Clues to Know How Serious a Company Is About Shifting to Management that Creates Value

The Gap with Investors' Perspective Stems from Managers Trying to Distance Themselves from Investors

The Change in Record Date Is Difficult, and Most AGMs Next Year Will Be Held in June

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Although corporate governance in Japan has gradually improved over the past decade, many listed companies have failed to achieve their management goal of sustainable growth in corporate value.</li>
<li>TSE seems to believe that the underlying problem is that management does not recognize “capital costs” and is therefore unable to concentrate resources on businesses that can secure sufficient margins.</li>
<li>I believe that the problem stems from a lack of awareness that free cash flow belongs to shareholders and that companies have a fiduciary duty to shareholders.</li>
</ul>


Although corporate governance in Japan has gradually improved over the past decade, many listed companies have failed to achieve their management goal of sustainable growth in corporate value.
TSE seems to believe that the underlying problem is that management does not recognize “capital costs” and is therefore unable to concentrate resources on businesses that can secure sufficient margins.
I believe that the problem stems from a lack of awareness that free cash flow belongs to shareholders and that companies have a fiduciary duty to shareholders.


Proxy Voting at AGMs Is Good Opportunity for Investors to Think if Managers Fulfill Fiduciary Duties

TSE Tokyo Price Index TOPIX

Proxy Voting at AGMs Is Good Opportunity for Investors to Think if Managers Fulfill Fiduciary Duties