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.

It's Not Who The Directors Come From, but Their Skills and Ability to Fulfill Their Fiduciary Duties

"Stable Dividend" Tradition May Have Something to Do with Rewarding Cross-Held Shareholders

Comparability of Disclosures Between Companies Will Enhance Content of Sustainability Information

Again, It Is the BOJ's ETF Issue that Makes Us Think

Going Private Is an Option for Both the Companies and Investors

Not Which KPI Is Better, but What Is Shared Between Investors and Managers to Achieve the Same Goal

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since the median P/B of companies listed on TSE is 1.0, Japanese companies will continue to attract the keen attention of activist investors around the world.</li>
<li>Many Japanese managers can rest on their laurels with share prices that don't command premium because of silent shareholders like cross-holding and BoJ that little care about share price performance.</li>
<li>There are many companies that publish management strategies that only give a sense of doing, and the stock price does not fall but keeps not significantly outperforming.</li>
</ul>


Since the median P/B of companies listed on TSE is 1.0, Japanese companies will continue to attract the keen attention of activist investors around the world.
Many Japanese managers can rest on their laurels with share prices that don't command premium because of silent shareholders like cross-holding and BoJ that little care about share price performance.
There are many companies that publish management strategies that only give a sense of doing, and the stock price does not fall but keeps not significantly outperforming.


A Company Invested by an Activist Should Understand that It’s Not Fully Exploiting Its Potential

TSE Tokyo Price Index TOPIX

A Company Invested by an Activist Should Understand that It’s Not Fully Exploiting Its Potential