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.

Higher Foreign Shareholdings, Which Led to Fewer Takeover Defense, Push Companies To Further Reforms

Catalyst for Value-Creating Management Isn't the Revision of Corporate Governance Code, but Rather..

Revision of Corporate Governance Code Will Support Dialogue Between Overseas Investors and Companies

Companies Formalized Independence of Voluntary Nomination Committees, but No Signs of Improvements

Disclosure of Individual Board Directors' Remuneration Has Not Progressed

Now Is Time to Increase the Number of Female Directors so that They Can Contribute to Value Creation

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Considering that it took seven years to finally begin reducing policy-held shares, it seems reasonable to assume that many companies will begin seriously incorporating capital costs into management in 2028.</li>
<li>TSE states that while Prime Market has most companies whose initiatives are out of step with investors' perspectives, companies whose initiatives are highly regarded by investors show superior stock performance.</li>
<li>TSE appears to be placing its hopes on efficient market hypothesis. However, investors need to see increase in capital profitability that will convince them of the path to value creation.</li>
</ul>


Considering that it took seven years to finally begin reducing policy-held shares, it seems reasonable to assume that many companies will begin seriously incorporating capital costs into management in 2028.
TSE states that while Prime Market has most companies whose initiatives are out of step with investors' perspectives, companies whose initiatives are highly regarded by investors show superior stock performance.
TSE appears to be placing its hopes on efficient market hypothesis. However, investors need to see increase in capital profitability that will convince them of the path to value creation.


Will Management that Incorporates Cost of Capital Be Fully Implemented 7 Years from Now, in 2028?

TSE Tokyo Price Index TOPIX

Will Management that Incorporates Cost of Capital Be Fully Implemented 7 Years from Now, in 2028?