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.

TSE Should Shift Its Business Model from Growing Number of Listed Companies to Expanding Market Cap

The Fruit of TSE Market Reorganization Was the Creation of Prime Market with 600 Fewer Companies

Now Is the Time to Seek Ingenuity in Cash Allocation, Not Lament the Decline in Equity Financing

Overseas Investor Engagement Plays a Significant Role in Substantive Governance Enhancements

Legislation to Promote Women Directors Is the Solution, but the Root Cause Is Why It Cannot Be Done

Revision of the Corporate Governance Code Requires Substantive Discussion, Not Individual Issues

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The concern that companies are only striving to develop formal systems and not improving the substance of their corporate governance is shared by the Council of Experts.</li>
<li>A solution to avoid formal system development would be to increase the independence of the board to a level that cannot be cleared by a little matching of numbers.</li>
<li>For effective engagement, management must be aware of the goal of "sustainable growth and expansion of corporate value" in order to communicate in the same language.</li>
</ul>


The concern that companies are only striving to develop formal systems and not improving the substance of their corporate governance is shared by the Council of Experts.
A solution to avoid formal system development would be to increase the independence of the board to a level that cannot be cleared by a little matching of numbers.
For effective engagement, management must be aware of the goal of "sustainable growth and expansion of corporate value" in order to communicate in the same language.


The Starting Point Is to Set "Sustainable Expansion of Corporate Value" As a Management Goal

TSE Tokyo Price Index TOPIX

The Starting Point Is to Set "Sustainable Expansion of Corporate Value" As a Management Goal