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.

Is Lagging Among Standard Market Companies Due to Lack of Disclosure or Investor Engagement?

Improving Capital Profitability Requires Bridging Gaps Understanding Between Managers and Investors

The Effectiveness of BOD Is the Most Critical Factor in Implementing Initiatives that Create Value

Companies Still Prioritize Compliance with the TSE over Consideration for Shareholders Interest

Currently Situation Companies Are Matching Numbers Without Fully Grasping the Fundamentals

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

Managers Should Prepare Long-Term Vision and Management Strategy Before Facing Activist Investors

How Long the Time-Killing Tactics of Companies with Average Foreign Ownership Can Last?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The key driver for increasing valuation is the growth strategy, with cash allocation at its core. However, it's said that the disclosure of cash allocation “lacks alignment with investor perspectives.”</li>
<li>The reason many companies find themselves in a state of “disconnect with investor perspectives” is that the goal of sustainably expanding shareholder value is not shared among management.</li>
<li>Many companies occupying Prime Market have small market capitalizations and limited exposure to overseas investors, so it's not easy for manager's mindset to change based solely on guidance from TSE.</li>
</ul>


The key driver for increasing valuation is the growth strategy, with cash allocation at its core. However, it's said that the disclosure of cash allocation “lacks alignment with investor perspectives.”
The reason many companies find themselves in a state of “disconnect with investor perspectives” is that the goal of sustainably expanding shareholder value is not shared among management.
Many companies occupying Prime Market have small market capitalizations and limited exposure to overseas investors, so it's not easy for manager's mindset to change based solely on guidance from TSE.


We Can’t Expect Companies that Can't Disclose Cash Allocation This Year to Do so Starting Next Year

TSE Tokyo Price Index TOPIX

We Can’t Expect Companies that Can't Disclose Cash Allocation This Year to Do so Starting Next Year