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.

A Reluctance to Confront Shareholders Is at the Root of Many Problems

Declining Number of Shares Has Just Begun, but Valuations Need to Rise for Market Cap to Grow

One of the Clues to Know How Serious a Company Is About Shifting to Management that Creates Value

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

Can Growth Market Reform Succeed in a Structure of Interdependence of IPO Ecosystem Stakeholders?

Common Attitudes Toward IPOs Are Found in Parent-Subsidiary Listings

The Postponement of the Parent-Subsidiary Listing Issue Provides Further Investment Opportunities

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The background for raising the maintaining listing criteria was that the current criteria are loose and that many companies aren't motivated to grow because they consider IPO to be goal.</li>
<li>Too long time horizons and previous listing maintenance criteria that might have been manageable did not create a sense of urgency for the company to grow.</li>
<li>There's concern that quality of standard market, to which companies that fail the criteria migrate, will deteriorate, and the entire market will need metabolism and replacement of management through M&amp;A.</li>
</ul>


The background for raising the maintaining listing criteria was that the current criteria are loose and that many companies aren't motivated to grow because they consider IPO to be goal.
Too long time horizons and previous listing maintenance criteria that might have been manageable did not create a sense of urgency for the company to grow.
There's concern that quality of standard market, to which companies that fail the criteria migrate, will deteriorate, and the entire market will need metabolism and replacement of management through M&amp;A.


What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

TSE Tokyo Price Index TOPIX

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers