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.

Although It'll Take Time, There's No Need to Be Pessimistic if Management Reform Is Finally Underway

Accountability to Shareholders, Transparency, and Governance that Embraces Diverse Values Are Needed

Why Has Capital Profitability Improvement Stalled Despite Progress in Reducing Cross-Holdings?

Can the Gap Between Investors and Passive Management Be Bridged?

The Effectiveness of BOD Is the Most Critical Factor in Implementing Initiatives that Create Value

Profit Growth Remains Insufficient, Ample Capacity for Shareholder Returns Is Now in Place

Improving Capital Profitability Requires Bridging Gaps Understanding Between Managers and Investors

Is Lagging Among Standard Market Companies Due to Lack of Disclosure or Investor Engagement?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>There's doubt whether requesting explanations of cash allocation in this revision is effective. A gap in investor perspective has been pointed out regarding disclosures made in response to "TSE's request."</li>
<li>Not only are there challenges at the disclosure stage, but there are also concerns about whether the disclosed policies and measures can be effectively implemented by a manager.</li>
<li>Few companies submit annual securities reports more than three weeks before AGMs, but it's hoped that the number will increase as a result of the revision to Corporate Governance Code.</li>
</ul>


There's doubt whether requesting explanations of cash allocation in this revision is effective. A gap in investor perspective has been pointed out regarding disclosures made in response to "TSE's request."
Not only are there challenges at the disclosure stage, but there are also concerns about whether the disclosed policies and measures can be effectively implemented by a manager.
Few companies submit annual securities reports more than three weeks before AGMs, but it's hoped that the number will increase as a result of the revision to Corporate Governance Code.


Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult

TSE Tokyo Price Index TOPIX

Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult