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.

To Attract Long-Term Investors to Japanese Equities, Documents Disclosed in English Must Be Expanded

Disclosure in English Is a Way to Help Overseas Investors Better Understand Management Strategy

Translated Materials Differ Between Disclosures in English that Meet Investor Demand and Reluctance

Another Reason Companies Are Reluctant to Disclose in English, and Not Just Because of the Cost

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Overseas investors need not only the numbers in the financial summary but also qualitative explanations regarding the background, making it necessary to disclose the full text in English.</li>
<li>The gap between companies with over 30% foreign ownership and under 10% reflects the difference in attitude toward mandatory disclosure: some companies merely disclose portions of required documents in English.</li>
<li>This year, as new disclosure items are required of listed companies, the future progress of English-language disclosures will depend on whether companies respond to investor demand.</li>
</ul>


Overseas investors need not only the numbers in the financial summary but also qualitative explanations regarding the background, making it necessary to disclose the full text in English.
The gap between companies with over 30% foreign ownership and under 10% reflects the difference in attitude toward mandatory disclosure: some companies merely disclose portions of required documents in English.
This year, as new disclosure items are required of listed companies, the future progress of English-language disclosures will depend on whether companies respond to investor demand.


The Future Progress of Disclosure in English Depends on Whether Companies Will Meet Investor Demand

TSE Tokyo Price Index TOPIX

The Future Progress of Disclosure in English Depends on Whether Companies Will Meet Investor Demand