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.

Canon NanoImprint. EUV Slayer or Damp Squib?

Canon Strikes Again. One Buyback Done, Another Begins. Shareholder Structure STILL Matters

Ricoh (7752 JP) - Long Term Structural Decliner with a Recent Boost in Inorganic Rev & Profits

Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Shouldn't Shareholders Raise Voice for a Company that Is Building up Cash While Its ROE Is Sluggish?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Underlying Canon's long-standing underperformance, which had frustrated shareholders, was the lack of diversity on the board, which gave domestic institutional investors an excuse to vote against re-election of inside directors.</li>
<li>Canon's voluntary Nominating Committee also has challenges: with Mr. Mitarai, CEO since 1995, chairing the NC, it's hard to imagine that discussions and decisions are conducted with objectivity and independence.</li>
<li>Although a female independent director might be hired at next AGM in response to the low approval rate for Mitarai's reappointment, it’s not expected to make any significant changes immediately.</li>
</ul>


Underlying Canon's long-standing underperformance, which had frustrated shareholders, was the lack of diversity on the board, which gave domestic institutional investors an excuse to vote against re-election of inside directors.
Canon's voluntary Nominating Committee also has challenges: with Mr. Mitarai, CEO since 1995, chairing the NC, it's hard to imagine that discussions and decisions are conducted with objectivity and independence.
Although a female independent director might be hired at next AGM in response to the low approval rate for Mitarai's reappointment, it’s not expected to make any significant changes immediately.


A Case Study of How Nothing Will Change Unless Management Changes

Canon Inc

A Case Study of How Nothing Will Change Unless Management Changes