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.

Could Comfort Within Companies with Audit Committees Become a Breeding Ground for Misconduct?

The Cleanup Left over from the Bubble Economy’s Heyday Is Finally Coming to an End

Recruiting Talent May Be Another Key to Business Growth, Alongside the Hurdle Rate

Does the Shift in Shareholder Composition Drive a Transition to Value-Creating Management?

The Battle Against Formalism Is Entering Its Fourth Year

The Choice of Whether to Distribute Cash or Invest It in the Business Rests with Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Expectations triggered by TSE's request continue to raise stock prices. Meanwhile, the overall ROE of TSE remains stagnant, which is explained by the improvement in P/B driven by rising P/E.</li>
<li>Even in the recent period of just under three years, companies whose stock valuations rose succeeded in further increasing their ROA by clearly articulating and executing their growth strategy.</li>
<li>Companies should view engagement with overseas investors as an opportunity to gain insights into management strategies that drive value creation.</li>
</ul>


Expectations triggered by TSE's request continue to raise stock prices. Meanwhile, the overall ROE of TSE remains stagnant, which is explained by the improvement in P/B driven by rising P/E.
Even in the recent period of just under three years, companies whose stock valuations rose succeeded in further increasing their ROA by clearly articulating and executing their growth strategy.
Companies should view engagement with overseas investors as an opportunity to gain insights into management strategies that drive value creation.


What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B

TSE Tokyo Price Index TOPIX

What Companies Should Do to Prevent the Erosion of Expectations from Leading to a Reversal in P/B