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.

The Game Has Changed Since the Era of Cross-Shareholdings

Deepening Cash Allocation Required This Year of a New All-Time High in Share Repurchases

Share Buyback Likely to Grow over Growth Investment Hoped for by Corporate Governance Code Revision

Will Companies Change with Cash Allocation Disclosures that Don't Allow Copy-And-Paste Solutions?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Given the current high stock prices relative to EPS compared to the past, attention should be paid to whether overseas investors shift to net selling if prices begin to decline.</li>
<li>In cases where treasury stock is sold again, it raises questions: Was it necessary to repurchase treasury stock amid cash flow concerns, or was this a forward-looking cash allocation decision?</li>
<li>As cash utilization, balance sheet restructuring, and capital profitability improvements gain attention, the number of outstanding shares will gradually decline as prompt share buybacks increase.</li>
</ul>


Given the current high stock prices relative to EPS compared to the past, attention should be paid to whether overseas investors shift to net selling if prices begin to decline.
In cases where treasury stock is sold again, it raises questions: Was it necessary to repurchase treasury stock amid cash flow concerns, or was this a forward-looking cash allocation decision?
As cash utilization, balance sheet restructuring, and capital profitability improvements gain attention, the number of outstanding shares will gradually decline as prompt share buybacks increase.


What Are Companies that Re-Sell Treasury Stock Thinking?

TSE Tokyo Price Index TOPIX

What Are Companies that Re-Sell Treasury Stock Thinking?