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.

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

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

We Can’t Expect Companies that Can't Disclose Cash Allocation This Year to Do so Starting Next Year

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?

Why Go to the Trouble of Switching to Another Market Just to Stick with Listed Companies?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Medium-To-Long-Term investors have already been monitoring companies action for TSE's requests for three years. Companies that have done little to nothing over past three years need to catch up quickly.</li>
<li>There is concern that if this becomes merely a matter of meeting numerical targets, it will not result in cash allocation that sustainably grows shareholder value.</li>
<li>Given the stagnation in return on capital, there are serious doubts about the effectiveness of boards of directors, which are reported by many companies to be functioning without any issues.</li>
</ul>


Medium-To-Long-Term investors have already been monitoring companies action for TSE's requests for three years. Companies that have done little to nothing over past three years need to catch up quickly.
There is concern that if this becomes merely a matter of meeting numerical targets, it will not result in cash allocation that sustainably grows shareholder value.
Given the stagnation in return on capital, there are serious doubts about the effectiveness of boards of directors, which are reported by many companies to be functioning without any issues.


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

TSE Tokyo Price Index TOPIX

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