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.

A Change in Manager's Mindset that Has Begun Will Lower the Investment Risk for Activist Investors

First Step in Engagement in Term of Listening to Overseas Investors Is Seeking Disclosure in English

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

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

MBOs Would Open the Door to Investment for Companies that Weren’t Invested for Fear Of "Value Trap"

It's Unreasonable to Hope for Higher Stock Prices While Being Reluctant to Disclose Information

ROE and Valuations of Japanese Stocks Will Improve Through Dissolution of Parent-Subsidiary Listings

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It is premature to start discussions on stopping raising the hurdles of the Corporate Governance Code when Japan's boards are not dominated by a majority of independent directors.</li>
<li>If listed companies are left to voluntarily improve their corporate governance practices, differences in corporate governance practice efforts among listed companies are expected to widen.</li>
<li>Companies with high percentage of foreign shareholders, primarily those with large market capitalization, are expected to continue to improve their corporate governance practices through engagement by overseas investors. vice versa</li>
</ul>


It is premature to start discussions on stopping raising the hurdles of the Corporate Governance Code when Japan's boards are not dominated by a majority of independent directors.
If listed companies are left to voluntarily improve their corporate governance practices, differences in corporate governance practice efforts among listed companies are expected to widen.
Companies with high percentage of foreign shareholders, primarily those with large market capitalization, are expected to continue to improve their corporate governance practices through engagement by overseas investors. vice versa


Size of Market Capitalization Will Make a Difference in Corporate Governance and Value Creation

TSE Tokyo Price Index TOPIX

Size of Market Capitalization Will Make a Difference in Corporate Governance and Value Creation