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.

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies with high ROA attract foreign investors, leading to higher stock valuations. Companies that increased Tobin's Q also tend to raise the ratio of independent directors and female board members.</li>
<li>Growth strategy score drives Tobin's Q upward. Rather than merely reducing cash on hand, companies should demonstrate and execute clear cash allocation alongside growth strategy KPIs that prioritize capital profitability.</li>
<li>Based on the results of this analysis, it appears that shareholder return measures and disclosure improvements currently being pursued by many listed companies alone are insufficient to raise Tobin's Q.</li>
</ul>


Companies with high ROA attract foreign investors, leading to higher stock valuations. Companies that increased Tobin's Q also tend to raise the ratio of independent directors and female board members.
Growth strategy score drives Tobin's Q upward. Rather than merely reducing cash on hand, companies should demonstrate and execute clear cash allocation alongside growth strategy KPIs that prioritize capital profitability.
Based on the results of this analysis, it appears that shareholder return measures and disclosure improvements currently being pursued by many listed companies alone are insufficient to raise Tobin's Q.


What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?

TSE Tokyo Price Index TOPIX

What Factors Have Raised Stock Valuations over the 2 Years and 8 Months Since the TSE's Request?