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.

Slight Gain in Governance, ROE and Valuations in 2025 Suggest that Reforms Have yet to Spread Widely

Whether a New Target for % Independent Director Ratio Will Be Set Is Key in 2026

Scores for Policy-Held Shares and Share Cancellation Improved, but Other Key Actions Slow Progress

To Improve the Quality of Listed Companies, Every Effort to Promote Going Private Is Necessary

Criticism of Shareholder Proposals from Activist Investors Is a Comforting Word for Management

Publishing “Case Studies of Overcoming Challenges” Is Effective, But It Alone Is Not Sufficient

Markets Serving as a Landing Place for Companies Failing to Meet Listing Criteria Will Lose Quality

Raising the Standard of Discipline Among Companies Listed on the Standard Market Is Crucial

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>90% of CFOs recognize that responsible discussions are not taking place at board meetings—the forum for debating management strategies and risks to enhance corporate value.</li>
<li>If many companies lack the ability to discuss enhancing corporate value in director qualifications, there is an issue with director nominations. The mindset of top management has the greatest influence.</li>
<li>Companies that fail to engage in discussions about enhancing corporate value often postpone addressing problems, avoiding fundamental solutions by neglecting to review their business portfolios.</li>
</ul>


90% of CFOs recognize that responsible discussions are not taking place at board meetings—the forum for debating management strategies and risks to enhance corporate value.
If many companies lack the ability to discuss enhancing corporate value in director qualifications, there is an issue with director nominations. The mindset of top management has the greatest influence.
Companies that fail to engage in discussions about enhancing corporate value often postpone addressing problems, avoiding fundamental solutions by neglecting to review their business portfolios.


Why Are There Many Companies Where Board of Directors Fails to Engage in Responsible Discussions?

TSE Tokyo Price Index TOPIX

Why Are There Many Companies Where Board of Directors Fails to Engage in Responsible Discussions?