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.

To Improve the Quality of Listed Companies, Every Effort to Promote Going Private Is Necessary

With Transitional Measures Ending, Improving the Quality of Existing Listed Companies Will Be Key

Amid the Spotlight Triggered by TSE's Request, Some Companies Are Shifting into the Shadows

Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don't Pursue Growth

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Among companies failing the listing criteria for Standard Market and Growth Market, many that cannot meet 1 billion yen tradable shares market capitalization criteria will migrate to Nagoya Stock Exchange.</li>
<li>These companies failed to grow market capitalization. For these companies, the purpose of going public may have been to increase their visibility and credibility than to achieve growth after listing.</li>
<li>Companies migrating from TSE to other markets face a significant hurdle in achieving growth and improving corporate governance to enhance management transparency, especially when institutional investor engagement is lacking.</li>
</ul>


Among companies failing the listing criteria for Standard Market and Growth Market, many that cannot meet 1 billion yen tradable shares market capitalization criteria will migrate to Nagoya Stock Exchange.
These companies failed to grow market capitalization. For these companies, the purpose of going public may have been to increase their visibility and credibility than to achieve growth after listing.
Companies migrating from TSE to other markets face a significant hurdle in achieving growth and improving corporate governance to enhance management transparency, especially when institutional investor engagement is lacking.


Raising the Quality of Listed Companies Is Quite Challenging for the Nagoya Stock Exchange

TSE Tokyo Price Index TOPIX

Raising the Quality of Listed Companies Is Quite Challenging for the Nagoya Stock Exchange