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.

Financial Institutions Should Accelerate the Reduction of Their Policy Shareholdings

The Game Has Changed Since the Era of Cross-Shareholdings

Who Benefits from Hoarding Cash Without Implementing Measures to Boost Profit Margins?

Will Companies Change with Cash Allocation Disclosures that Don't Allow Copy-And-Paste Solutions?

To Raise a Company's ROE and OP Margin, Significant Restructuring of Business Portfolio Is Necessary

Companies with High Frequency of Share Retirements Tend to Have a High Awareness of Cash Allocation

For Both the Company and Investors, Pre-Negotiation Process as SR Is Becoming Increasingly Important

Will Strengthened Disclosure Rules and Tax Incentives Drive Growth Investment?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since TSE's request, many companies have introduced share buybacks as a measure, and as a result of investors demanding accountability for how these shares are used, share cancellations have increased.</li>
<li>Companies that frequently cancel treasury stock demonstrate superior capital profitability. Companies with high capital profitability also exhibit strong scores in growth strategy, cash holdings, dividend policy, and treasury stock cancellation.</li>
<li>More companies are expected to consider cash allocation within overall goal of enhancing corporate value, encompassing growth strategy, cash holding policy, and dividend policy, in order to improve capital profitability.</li>
</ul>


Since TSE's request, many companies have introduced share buybacks as a measure, and as a result of investors demanding accountability for how these shares are used, share cancellations have increased.
Companies that frequently cancel treasury stock demonstrate superior capital profitability. Companies with high capital profitability also exhibit strong scores in growth strategy, cash holdings, dividend policy, and treasury stock cancellation.
More companies are expected to consider cash allocation within overall goal of enhancing corporate value, encompassing growth strategy, cash holding policy, and dividend policy, in order to improve capital profitability.


Share Buyback Likely to Grow over Growth Investment Hoped for by Corporate Governance Code Revision

TSE Tokyo Price Index TOPIX

Share Buyback Likely to Grow over Growth Investment Hoped for by Corporate Governance Code Revision