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.

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

Could It Be that the Unit Share System Has Helped to Turn Away from Growing Shareholder Interests?

Success Experiences Will Be Necessary for IR to Function

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

Engagement Keeps Widening the Profitability Gap Between the Top and Bottom Companies in Market Cap

After the TSE "Engagement," It Is the Company Itself to Devise and Execute a Management Strategy

The Key Is to Achieve Sustainable Growth Through Continuous Business Portfolio Review

Cash on Hand Has Built up to a Level Where Small Shareholder Returns Are No Longer Sufficient

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>TSE plans to mandate the development of IR system, but since most companies disclosed that they have already taken action, fewer companies will move to do something from now on.</li>
<li>Analysis of IR disclosure and stock valuations showed that IR disclosure scores did not differ among the five groups of companies by percentage change in Tobin's Q. </li>
<li>The fact that many companies haven’t been able to provide capital profitability and management strategies that investors seek has led to reluctance to hold briefings to communicate with overseas investors.</li>
</ul>


TSE plans to mandate the development of IR system, but since most companies disclosed that they have already taken action, fewer companies will move to do something from now on.
Analysis of IR disclosure and stock valuations showed that IR disclosure scores did not differ among the five groups of companies by percentage change in Tobin's Q. 
The fact that many companies haven’t been able to provide capital profitability and management strategies that investors seek has led to reluctance to hold briefings to communicate with overseas investors.


Reasons Why the TSE's Request to “improve IR System” Seems to Be Ineffective This Time

TSE Tokyo Price Index TOPIX

Reasons Why the TSE's Request to “improve IR System” Seems to Be Ineffective This Time