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

Is Progressive Dividend Distribution the Result of Half-Baked Cash Allocation?

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

It Is Not a Question of Whether Investment in Growth or Shareholder Return Is Better

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

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While very few companies allocate cash appropriately, many companies simply announce small-scale share buybacks, resulting in cash being used in a half-hearted manner for both growth and shareholder returns.</li>
<li>The problem is that many managers lack awareness of their fiduciary responsibility to make sincere decisions on cash allocation based on the idea that free cash flow belongs to shareholders.</li>
<li>Even for listed companies, the time has come to discuss the role of managers who are unable to thoroughly fulfill their fiduciary duties to shareholders.</li>
</ul>


While very few companies allocate cash appropriately, many companies simply announce small-scale share buybacks, resulting in cash being used in a half-hearted manner for both growth and shareholder returns.
The problem is that many managers lack awareness of their fiduciary responsibility to make sincere decisions on cash allocation based on the idea that free cash flow belongs to shareholders.
Even for listed companies, the time has come to discuss the role of managers who are unable to thoroughly fulfill their fiduciary duties to shareholders.


Rather than “Technical Guidance,” What Is Needed Is Thorough Fiduciary Duty to Shareholders

TSE Tokyo Price Index TOPIX

Rather than “Technical Guidance,” What Is Needed Is Thorough Fiduciary Duty to Shareholders