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.

Why Has Capital Profitability Improvement Stalled Despite Progress in Reducing Cross-Holdings?

Tracing the Root Causes of Multiple Gaps Between Managers and Investors Leads to a Single Issue

Standard Markets Would Attract More Attention from Investors Without Trading Liquidity Issues

Now Investors Can Communicate with Company Managers in Common Language, Deep Discussions Will Follow

Companies Unable to Escape the Curse of the Unfortunate History of Misunderstanding “Cost of Equity”

Financial Institutions Should Accelerate the Reduction of Their Policy Shareholdings

Change in Shareholder Composition Acts as Catalyst for Shifts in Mindset To Management Improvement

Unable to Make Decisions and Postponing Matters Is Why Market Quality Can't Be Improved More Quickly

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies competing in global market are increasingly compelled to optimize asset utilization, leading them to begin selling policy-held shares. Another significant factor is overseas investors hold shares in these companies.</li>
<li>Companies with small market capitalizations and domestic market focus still tend to have managers who choose to perpetuate existing businesses rather than seek growth opportunities and take risks to invest.</li>
<li>What can change management's mindset most quickly is not the TSE's guidelines or the Corporate Governance Code, but changes in shareholder composition.</li>
</ul>


Companies competing in global market are increasingly compelled to optimize asset utilization, leading them to begin selling policy-held shares. Another significant factor is overseas investors hold shares in these companies.
Companies with small market capitalizations and domestic market focus still tend to have managers who choose to perpetuate existing businesses rather than seek growth opportunities and take risks to invest.
What can change management's mindset most quickly is not the TSE's guidelines or the Corporate Governance Code, but changes in shareholder composition.


Whether or Not There Is Engagement with Investors Widens the Gap in Management Reform Efforts

TSE Tokyo Price Index TOPIX

Whether or Not There Is Engagement with Investors Widens the Gap in Management Reform Efforts