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.

ETFs Held by BOJ with No Prospect of Sale Are Unfortunate for Shareholders

Shareholder Returns Should Be Examined on a Cash Basis, Not on a Net Profit Basis

The Good Case Companies Had More Opportunities to Reflect on Cost of Capital and Return on Capital

Headline Is Eye Catching, but the Revised Voting Criteria Do Not Affect Most Companies

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Market structure is the main factor hindering trading liquidity. In addition to the cross-holdings that remain, ETFs held by the Bank of Japan cast a shadow over trading liquidity.</li>
<li>Companies are key on this issue. In addition to accelerating to reducte cross-shareholdings, English-language disclosure of annual securities reports, which are in high demand by long-term investors, should be promoted.</li>
<li>If long-term overseas investors get serious about investing in Japanese equities, the increase in trading liquidity in Japanese equities will be sustainable, and broker coverage will naturally expand.</li>
</ul>


Market structure is the main factor hindering trading liquidity. In addition to the cross-holdings that remain, ETFs held by the Bank of Japan cast a shadow over trading liquidity.
Companies are key on this issue. In addition to accelerating to reducte cross-shareholdings, English-language disclosure of annual securities reports, which are in high demand by long-term investors, should be promoted.
If long-term overseas investors get serious about investing in Japanese equities, the increase in trading liquidity in Japanese equities will be sustainable, and broker coverage will naturally expand.


Solving the Issue of Increasing Trading Liquidity in Japanese Stocks Is More Than Analyst Coverage..

TSE Tokyo Price Index TOPIX

Solving the Issue of Increasing Trading Liquidity in Japanese Stocks Is More Than Analyst Coverage..