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.

Creating Businesses that Generate High Gross Profit Margins Is the Key to Generating Cash Flow

Why Is Capital Profitability Slow to Improve, Even Though More Board Members Have “Finance Skills”?

The Solution Is to Improve the Gross Profit Margin and Return Excess Cash to Shareholders

Is the Real Purpose Behind the Increasing Number of Stock Splits to Secure Proxy Voting?

Disclosing Sufficient Information Prior to the AGM May Bring About Change

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies should consider that things may not go according to the assumption that showering individual shareholders with shareholder benefits will lead them to vote in favor of the company’s proposals.</li>
<li>Discussions of trading one share at a time based on trading conditions in other countries or comparative competitiveness fail to address the fundamental issue of inequality in shareholder rights.</li>
<li>Unless the fundamental issues are addressed, these measures will be ineffective, and—just as with TSE’s market reforms—it will take a long time to reach a fundamental solution.</li>
</ul>


Companies should consider that things may not go according to the assumption that showering individual shareholders with shareholder benefits will lead them to vote in favor of the company’s proposals.
Discussions of trading one share at a time based on trading conditions in other countries or comparative competitiveness fail to address the fundamental issue of inequality in shareholder rights.
Unless the fundamental issues are addressed, these measures will be ineffective, and—just as with TSE’s market reforms—it will take a long time to reach a fundamental solution.


Without Fundamental Solutions, Tackling Issues by Comparing to Other Countries Is the Usual Pattern

TSE Tokyo Price Index TOPIX

Without Fundamental Solutions, Tackling Issues by Comparing to Other Countries Is the Usual Pattern