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.

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Given the high level of cash on hand, the company could have conducted more share buybacks, and these should increase going forward.</li>
<li>While more companies are announcing enhanced shareholder returns, cash reserves remains high and ROE is stagnating. In short, many companies are still not doing what they could be doing.</li>
<li>Large-Scale share buybacks aimed at resolving cross-shareholdings are an effective measure for improving return on equity. Once these large-scale buybacks subside, there is concern that smaller, incremental buybacks will increase.</li>
</ul>


Given the high level of cash on hand, the company could have conducted more share buybacks, and these should increase going forward.
While more companies are announcing enhanced shareholder returns, cash reserves remains high and ROE is stagnating. In short, many companies are still not doing what they could be doing.
Large-Scale share buybacks aimed at resolving cross-shareholdings are an effective measure for improving return on equity. Once these large-scale buybacks subside, there is concern that smaller, incremental buybacks will increase.


Three Years On, the Management's Commitment Is Being Put to the Test

TSE Tokyo Price Index TOPIX

Three Years On, the Management's Commitment Is Being Put to the Test