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.

Change in Shareholder Composition Acts as Catalyst for Shifts in Mindset To Management Improvement

Foreign Investors' Net Buy in 2025 May Lead to Companies Showing Management Changes Emerging in 2026

Now Investors Can Communicate with Company Managers in Common Language, Deep Discussions Will Follow

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

Expect Gradual Improvement in the Quality of Listed Companies as More Companies Go Private

Amid the Spotlight Triggered by TSE's Request, Some Companies Are Shifting into the Shadows

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The number of companies going private is gradually increasing, but they still represent a minority. Going private requires a decision and a relatively large amount of capital for that company.</li>
<li>Given slow improvement in capital profitability among listed companies, companies are expected to be asked to explain cash allocation. Identifying growth opportunities and investing in them also requires decisive action.</li>
<li>While the TSE hesitates to make the bold decision to reduce the number of listed companies, improving market quality requires the help of investors.</li>
</ul>


The number of companies going private is gradually increasing, but they still represent a minority. Going private requires a decision and a relatively large amount of capital for that company.
Given slow improvement in capital profitability among listed companies, companies are expected to be asked to explain cash allocation. Identifying growth opportunities and investing in them also requires decisive action.
While the TSE hesitates to make the bold decision to reduce the number of listed companies, improving market quality requires the help of investors.


Unable to Make Decisions and Postponing Matters Is Why Market Quality Can't Be Improved More Quickly

TSE Tokyo Price Index TOPIX

Unable to Make Decisions and Postponing Matters Is Why Market Quality Can't Be Improved More Quickly