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.

Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don't Pursue Growth

Common Attitudes Toward IPOs Are Found in Parent-Subsidiary Listings

How Effective Will the Changes in Listing Criteria Be, Amid a Long Grace Period and Secured Listing?

The Key to Revitalizing Existing TSE Growth Companies Is Whether They Can Expect Growth Through M&A

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>TSE plans to revise the listing maintenance criteria for its Growth Market to “market capitalization of over 10 billion yen within 5 years of listing,” with announcement scheduled for December.</li>
<li>The problem lies not with companies listing on the growth market itself, but with the increasing number of non-growing companies listing on the growth market.</li>
<li>Few companies exit the market, not just the growth market, which is why many companies lack growth mindset. Revising listing maintenance standards may slightly increase the number of companies exiting.</li>
</ul>


TSE plans to revise the listing maintenance criteria for its Growth Market to “market capitalization of over 10 billion yen within 5 years of listing,” with announcement scheduled for December.
The problem lies not with companies listing on the growth market itself, but with the increasing number of non-growing companies listing on the growth market.
Few companies exit the market, not just the growth market, which is why many companies lack growth mindset. Revising listing maintenance standards may slightly increase the number of companies exiting.


To Improve the Quality of Listed Companies, Every Effort to Promote Going Private Is Necessary

TSE Tokyo Price Index TOPIX

To Improve the Quality of Listed Companies, Every Effort to Promote Going Private Is Necessary