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.

Expecting Individual Shareholders to Always Act in Line with a Company’s Expectations Is Risky, But

Can Japanese Companies Recover What They’ve Lost over 40 Years? Accounting Standard Revision Debate

Is the Real Purpose Behind the Increasing Number of Stock Splits to Secure Proxy Voting?

Managers Will Be Asked Whether They Explained to Investors Why Equity Financing Is the Best Option

Shareholder Benefits to Return Amid Rise in Foreign Ownership and Dissolution of Cross-Shareholdings

Attention Should Be Paid to Whether the Pseudo Cross-Shareholdings Will Hinder Management Reform

The Cleanup Left over from the Bubble Economy’s Heyday Is Finally Coming to an End

What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The rise in the number of companies introducing shareholder benefits programs has been driven by a desire to reduce cross-shareholdings and a growing wariness of activist investors.</li>
<li>An increasing number of companies adopt stock-splits and shareholder benefits programs. Since it's difficult to expect individual investors to drive stock price increases, it's wiser to anticipate long-term stock ownership.</li>
<li>One new expectation emerging for individual investors is the potential to lower the cost of capital, but this needs to be verified through real-world examples in the future.</li>
</ul>


The rise in the number of companies introducing shareholder benefits programs has been driven by a desire to reduce cross-shareholdings and a growing wariness of activist investors.
An increasing number of companies adopt stock-splits and shareholder benefits programs. Since it's difficult to expect individual investors to drive stock price increases, it's wiser to anticipate long-term stock ownership.
One new expectation emerging for individual investors is the potential to lower the cost of capital, but this needs to be verified through real-world examples in the future.


The New Expectations for Individual Investors Go Hand in Hand with Caution Toward Activist Investors

TSE Tokyo Price Index TOPIX

The New Expectations for Individual Investors Go Hand in Hand with Caution Toward Activist Investors