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.

The Way to Invigorate the Growth Market Is to Raise the Listing Standards for the Prime Market

The Days when Simply IPOs in Growth Market Were Opportunities to Exit and Secure Profits Are Over

Can the Tokyo Stock Exchange's “Growth Market Reform” Really Bring About Change?

Markets Serving as a Landing Place for Companies Failing to Meet Listing Criteria Will Lose Quality

Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don't Pursue Growth

Unless Companies Are Delisted Even if They Change Markets, the Quality of Tokyo Market Won't Improve

TSE Standard Market Is a Collection of All the Challenges Facing the Tokyo Stock Exchange

The Valuation Criteria for Stocks Remain Unchanged, but Polarization Continues to Advance

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The tightening of listing maintenance criteria has made companies hesitant to go public, as TSE now requires them to demonstrate market capitalization growth.</li>
<li>There is concern that companies with little motivation for growth may go public, believing that an IPO with a market capitalization of just under 10 billion will ensure their listings.</li>
<li>Conversely, companies with a small market capitalization at the time of their IPO may be promising companies with a high probability of achieving significant growth.</li>
</ul>


The tightening of listing maintenance criteria has made companies hesitant to go public, as TSE now requires them to demonstrate market capitalization growth.
There is concern that companies with little motivation for growth may go public, believing that an IPO with a market capitalization of just under 10 billion will ensure their listings.
Conversely, companies with a small market capitalization at the time of their IPO may be promising companies with a high probability of achieving significant growth.


The Issues of IPOs and TSE Growth Market Reforms Should Be Considered Separately

TSE Tokyo Price Index TOPIX

The Issues of IPOs and TSE Growth Market Reforms Should Be Considered Separately