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.

Financial Disclosures During Trading Hours Was Disappointing in 2Q, but Will Increase Gradually

Can TSE's “Examples of Bad Disclosures” Help Companies Shift to Shareholder-Oriented Management?

FSA Roadmap Is Realistic, but Progress on Scope 3 Disclosures Will Follow the Revision of Guidelines

Companies Have Begun to Be Aware of Cash Flow, but the Reality Is that It Doesn't Produce Results

Management Mindset of Believing that Company Growth Is Not the Main Objective Is Hindering Growth

Market Shakeout Should Come with Business Portfolio Restructuring Especially for Small-Cap Companies

Shareholder Activism Plays a Significant Role in Companies that Are Slow to Change

The Situation Is Different for REITs that Rely on Capital Increase, Despite the Same Low P/B Issue

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Of course, it's desirable to be able to use cash to find effective investments, but it is important to return cash on hand with an immediate impact on ROE improvement.</li>
<li>Looking at all listed companies, there are a great many companies that have a large amount of cash on hand relative to sales.</li>
<li>Denso's measures to reduce policy shareholdings plus share buybacks will directly improve ROE, even if the background was a desire to stem the rise in foreign shareholdings.</li>
</ul>


Of course, it's desirable to be able to use cash to find effective investments, but it is important to return cash on hand with an immediate impact on ROE improvement.
Looking at all listed companies, there are a great many companies that have a large amount of cash on hand relative to sales.
Denso's measures to reduce policy shareholdings plus share buybacks will directly improve ROE, even if the background was a desire to stem the rise in foreign shareholdings.


There Are Still Very Many Companies with High Cash on Hand Relative to Sales

TSE Tokyo Price Index TOPIX

There Are Still Very Many Companies with High Cash on Hand Relative to Sales