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 Bigger Issue than the Lack of Higher Compensation for Outside Board Directors Is...

It Is Not a Question of Whether Investment in Growth or Shareholder Return Is Better

Without a Disciplined Cash Allocation in a Company, Share Repurchases Are Welcome to Investors

Significant Share Buybacks Are Key to Improving Profitability of Capital

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

Big Gap Between Companies that “don't Have a Gap in Investors' Viewpoints” and Those that Don't

Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>A benefit of inflation was expected to shift from management that accumulates cash to management that proactively uses cash. However, it's been used for shareholder returns but less for apex.</li>
<li>Hitachi is one of few companies that manage business in disciplined manner and execute the necessary growth investments. This is more result of overseas investor engagement than corporate governance reform.</li>
<li>The key to Japanese equities outperformance is whether management can change to mindset that investors want to see “positive investment and the ability to implement measures to expand corporate value."</li>
</ul>


A benefit of inflation was expected to shift from management that accumulates cash to management that proactively uses cash. However, it's been used for shareholder returns but less for apex.
Hitachi is one of few companies that manage business in disciplined manner and execute the necessary growth investments. This is more result of overseas investor engagement than corporate governance reform.
The key to Japanese equities outperformance is whether management can change to mindset that investors want to see “positive investment and the ability to implement measures to expand corporate value."


The Key to Japanese Equity Outperformance Is a Step Beyond Shareholder Returns

TSE Tokyo Price Index TOPIX

The Key to Japanese Equity Outperformance Is a Step Beyond Shareholder Returns