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.

The Standard that All 1,600 Prime Market Companies Could Do Would Be Loose

From the Reality of 4%, Mandatory English Disclosure of Annual Securities Reports Is a High Hurdle

TSE Should Aim for a Quality Market Rather than a Market Where Listed Companies Can Easily Inhabit

"Requests" Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests

Preparation in Advance for In-Depth Discussions Is Important for Both Investors and Managers

Companies with High Stock Valuations and High Profitability Will Increasingly Attract Investment

When Will Deflationary Mindset of Managers Disappear? Some Companies Have Begun to Change, Though

Investors Want to See a Shift in Management to Create Value, Not Just Meet Government Target Numbers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>About half of the prime market companies were able to communicate to investors that they are aware of their cost of capital and are committed to share price conscious management.</li>
<li>Half of the companies are reluctant to engage in constructive dialogue with investors, sustainable growth and medium-to-long-term improvement of corporate value, which is the concept of prime market listing criteria.</li>
<li>A quarter of prime market listed companies disclosed in English. Since TSE requires disclosure of this information in Corporate Governance Report, disclosure in English of this document becomes more important.</li>
</ul>


About half of the prime market companies were able to communicate to investors that they are aware of their cost of capital and are committed to share price conscious management.
Half of the companies are reluctant to engage in constructive dialogue with investors, sustainable growth and medium-to-long-term improvement of corporate value, which is the concept of prime market listing criteria.
A quarter of prime market listed companies disclosed in English. Since TSE requires disclosure of this information in Corporate Governance Report, disclosure in English of this document becomes more important.


3/4 of the Companies Are Giving up the Opportunity to Communicate Their Value to Overseas Investors

TSE Tokyo Price Index TOPIX

3/4 of the Companies Are Giving up the Opportunity to Communicate Their Value to Overseas Investors