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.

Is Lagging Among Standard Market Companies Due to Lack of Disclosure or Investor Engagement?

The Effectiveness of BOD Is the Most Critical Factor in Implementing Initiatives that Create Value

Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult

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

Investment Opportunities in the Standard Market that Involve TOBs and MBOs Continue to Increase

Transitional Measures Will End in 2-3 Years, but Will Prime Market Listing Criteria Remain the Same?

What Kind of Companies Raised Their Stock Valuations After TSE's Request?

Company Initiatives Appear to Take Longer than a Year to Be Reflected in Stock Valuations

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The top reason companies fail to meet listing maintenance criteria is insufficient market capitalization of free-floating shares. It's not easy for companies subject to transitional measures to remedy this issue.</li>
<li>If a company that is reluctant to grow shareholder interests moves to a market with laxer listing criteria, this won't lead to improving the overall quality of listed companies.</li>
<li>Since the listing maintenance criteria for Growth Market will tighten from March 2030, the number of companies unable to meet these criteria will increase significantly in Growth Market after 2030.</li>
</ul>


The top reason companies fail to meet listing maintenance criteria is insufficient market capitalization of free-floating shares. It's not easy for companies subject to transitional measures to remedy this issue.
If a company that is reluctant to grow shareholder interests moves to a market with laxer listing criteria, this won't lead to improving the overall quality of listed companies.
Since the listing maintenance criteria for Growth Market will tighten from March 2030, the number of companies unable to meet these criteria will increase significantly in Growth Market after 2030.


Why Go to the Trouble of Switching to Another Market Just to Stick with Listed Companies?

TSE Tokyo Price Index TOPIX

Why Go to the Trouble of Switching to Another Market Just to Stick with Listed Companies?