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.

Increasing Attention to the Role Played by Individuals in the Rising Trend of Stock Ownership

Companies Should Show a Path to Accelerated Profit Growth Rather than Shareholder Returns

The Essence of the Matter Is the Low Return on Cash Flow Generated by the Company's Business

Evaluate Not Only Board Practices, but Also Key Actions to See if They Are Leading to Value Creation

What Changes in the External Environment Are Changing the Mindset of Managers?

Managers Should Consider That "TSE's Request" Has Changed the Rules of the Game

Isn't It Too Much to Expect Instantaneous Screening to Yield the Same Shares as Buffett's Approach?

If Japan Were Treasure Trove of Value Stocks, Global Investors Would Not Underweight Japanese Stocks

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Although more companies have recently started to use their cash for shareholder returns, this is still not enough in terms of the dividend payout ratio.</li>
<li>Both sales and profits of companies haven't increased by that amount for past 10 years. The question for the future is whether the cash on hand can be used effectively.</li>
<li>It is hoped that the quality of listed companies on prime market will improve as a result of M&amp;As involving industry restructuring, the dissolution of parent-subsidiary listings and going private.</li>
</ul>


Although more companies have recently started to use their cash for shareholder returns, this is still not enough in terms of the dividend payout ratio.
Both sales and profits of companies haven't increased by that amount for past 10 years. The question for the future is whether the cash on hand can be used effectively.
It is hoped that the quality of listed companies on prime market will improve as a result of M&amp;As involving industry restructuring, the dissolution of parent-subsidiary listings and going private.


The Key Is to Be Able to Use Cash on Hand Effectively in the Future

TSE Tokyo Price Index TOPIX

The Key Is to Be Able to Use Cash on Hand Effectively in the Future