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.

Investors Expect a Feasible Management Strategy Rather than an Accurate Cost of Capital

What Can Be Done to Make the Independence of the Committee Function that Investors Have Questioned?

CG Watch, Which Made Great Strides Will Be Tested Next Time for Substantial Governance Improvements

The Objective of an MBO Is Not to Strip Bothersome Activist Investors of Their Equity Interests

Investors Do Not Want to See A "P/B Improvement Plan" That Follows a Template

Rather, Listing Criteria for Prime Market Should Be Modified to the Original Concept of the Market

Companies Keen to Reduce Administrative Costs, but Reluctant to Provide Convenience to Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In Japan, many companies have large gap between their stock price and their intrinsic value due to issues related to the use of assets and other resources or cash flow.</li>
<li>Companies want to use the example of "improvement measures" to be released by TSE in January as a template, so we can't expect "management is serious about  tackling this issue."</li>
<li>The fact that ROE has improved modestly over the past decade indicates that management hasn’t made fundamental changes to traditional management strategies to address the challenges faced by individual companies.</li>
</ul>


In Japan, many companies have large gap between their stock price and their intrinsic value due to issues related to the use of assets and other resources or cash flow.
Companies want to use the example of "improvement measures" to be released by TSE in January as a template, so we can't expect "management is serious about  tackling this issue."
The fact that ROE has improved modestly over the past decade indicates that management hasn’t made fundamental changes to traditional management strategies to address the challenges faced by individual companies.


"Requests" Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests

TSE Tokyo Price Index TOPIX

"Requests" Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests