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.

Shareholder Benefits to Return Amid Rise in Foreign Ownership and Dissolution of Cross-Shareholdings

Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders

Significant Share Buybacks Are Key to Improving Profitability of Capital

"Danger Past, God Forgotten" How Long Will the Effect of TSE's Request Last?

Growth Policy Score Improved with the Request to Raise P/B, but Other Criteria Are in the Process

Improvements Have Expired in Criteria Related to the 2019 Corporate Governance Code Revision

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Most shareholder benefits items can be used in Japan. There's history of more companies abolishing shareholder benefits programs because they believed that shareholder returns should conducted rather than shareholder benefits.</li>
<li>Amid rising foreign ownership and the dissolution of cross-shareholdings, more companies have begun to reverse the trend toward companies approaching individual shareholders with shareholder benefits programs.</li>
<li>The fact that stock prices of companies offering shareholder benefits tended to fall lower during stock market plunges may be due to the fact that they were mostly defensive stocks.</li>
</ul>


Most shareholder benefits items can be used in Japan. There's history of more companies abolishing shareholder benefits programs because they believed that shareholder returns should conducted rather than shareholder benefits.
Amid rising foreign ownership and the dissolution of cross-shareholdings, more companies have begun to reverse the trend toward companies approaching individual shareholders with shareholder benefits programs.
The fact that stock prices of companies offering shareholder benefits tended to fall lower during stock market plunges may be due to the fact that they were mostly defensive stocks.


TSE Tokyo Price Index TOPIX

Shareholder Benefits to Return Amid Rise in Foreign Ownership and Dissolution of Cross-Shareholdings