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.

What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B

Could Comfort Within Companies with Audit Committees Become a Breeding Ground for Misconduct?

A Gap in Perception Between Companies and Investors Is Hindering Disciplined Cash Allocation

Does the Shift in Shareholder Composition Drive a Transition to Value-Creating Management?

The Battle Against Formalism Is Entering Its Fourth Year

Fulfilling Fiduciary Duties Is More Important than Setting Boundaries for Independence Criteria

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Shareholder returns have significantly increased since the share buyback was permitted in 2001. Meanwhile, concerns have been raised that investments in human resources and equipment have not been increased.</li>
<li>While labor cost reductions, investment cuts, and lower corporate tax rates improved the net profit margin, companies should focus on creating competitive products/services to increase the gross profit margin.</li>
<li>Companies should complete their business portfolio restructuring during the grace period before increasing their gross profit margin. They must prepare a vision capable of achieving sustainable growth in corporate value.</li>
</ul>


Shareholder returns have significantly increased since the share buyback was permitted in 2001. Meanwhile, concerns have been raised that investments in human resources and equipment have not been increased.
While labor cost reductions, investment cuts, and lower corporate tax rates improved the net profit margin, companies should focus on creating competitive products/services to increase the gross profit margin.
Companies should complete their business portfolio restructuring during the grace period before increasing their gross profit margin. They must prepare a vision capable of achieving sustainable growth in corporate value.


The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers

TSE Tokyo Price Index TOPIX

The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers