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.

Common Attitudes Toward IPOs Are Found in Parent-Subsidiary Listings

With Transitional Measures Ending, Improving the Quality of Existing Listed Companies Will Be Key

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

Listing Criteria for the TSE Growth Market Is Expected to Be Raised Starting April 2026

Companies Should Consider All Options, Not Just Maintaining Their Listing

Going Private Is Not a Problem for a Special Company, but a Common Problem for All Listed Companies

Activist Investors with Increased AUM Will Also Likely Target Larger Companies for Investment

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>A drastic shift by the TSE to focus on quality without increasing the number of listed companies by reducing the number of IPO companies is not very promising.</li>
<li>TSE will raise the hurdle for listing maintenance criteria slightly, but it will ask companies to make a commitment to post-listing growth during the listing examination process.</li>
<li>It'll take time for quality of market to increase, and we expect that companies that are aware of listing costs with help from investors will naturally move to de-list themselves.</li>
</ul>


A drastic shift by the TSE to focus on quality without increasing the number of listed companies by reducing the number of IPO companies is not very promising.
TSE will raise the hurdle for listing maintenance criteria slightly, but it will ask companies to make a commitment to post-listing growth during the listing examination process.
It'll take time for quality of market to increase, and we expect that companies that are aware of listing costs with help from investors will naturally move to de-list themselves.


TSE Growth Market Reforms Also Expected to Be Effective in “Request”

TSE Tokyo Price Index TOPIX

TSE Growth Market Reforms Also Expected to Be Effective in “Request”