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.

Raising ROE May Require Raising Proxy Voting Guidelines

Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals

Investors Still Do Not Trust the Profit Margin Improvement in the Mid-Term Management Plan

Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies "Plan" Work?

TSE's "Request" Is a Catalyst for a Final Decision on the Foundation of Years of Engagement

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

Few Companies Have Started to Move Yet, but Can They Raise R & D Investment to Regain Pricing Power?

Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Criteria for IPOs aren't a major issue. TSE is concerned that many companies will be in jeopardy of being delisted if the criteria for maintaining listing are raised.</li>
<li>TSE will likely make "request" to Growth Market listed companies to increase their market capitalization if the criteria for maintaining listing are not raised.</li>
<li>From 2025, delisting and subsequent re-listing through M&amp;A and MBOs is expected to increase, which will lead to more investment opportunities.</li>
</ul>


Criteria for IPOs aren't a major issue. TSE is concerned that many companies will be in jeopardy of being delisted if the criteria for maintaining listing are raised.
TSE will likely make "request" to Growth Market listed companies to increase their market capitalization if the criteria for maintaining listing are not raised.
From 2025, delisting and subsequent re-listing through M&amp;A and MBOs is expected to increase, which will lead to more investment opportunities.


The Raising of Listing Criteria in the Growth Market Will Lead to Increased Investment Opportunities

TSE Tokyo Price Index TOPIX

The Raising of Listing Criteria in the Growth Market Will Lead to Increased Investment Opportunities