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.

Going Private Is an Option for Both the Companies and Investors

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ROIC Helps to Raise Transparency in Business, but Management Skills Are the Key to Improve Return

Deepening Cash Allocation Required This Year of a New All-Time High in Share Repurchases

What Initiatives Are Being Taken by Companies that Have Increased Valuations?

Don't Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

In-Depth Approach Is Necessary for Companies Seeking Further Communication with Overseas Investors

Review of TSE Market Reclassification Requires a Big Cleanup, Not a Small Cleanup as It Should Be

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The reduction of policy shareholdings of companies (excluding financials) for March fiscal year end companies was 2.3 trillion yen, about 600 billion yen more than in the previous fiscal year.</li>
<li>It was a special year in which changes in the TSE's criteria regarding tradable shares included in the market's listing criteria contributed to the reduction of policy shareholdings.</li>
<li>Going forward, companies will need to discuss the nature of cross-shareholdings based on capital allocation even more than they do now.</li>
</ul>


The reduction of policy shareholdings of companies (excluding financials) for March fiscal year end companies was 2.3 trillion yen, about 600 billion yen more than in the previous fiscal year.
It was a special year in which changes in the TSE's criteria regarding tradable shares included in the market's listing criteria contributed to the reduction of policy shareholdings.
Going forward, companies will need to discuss the nature of cross-shareholdings based on capital allocation even more than they do now.


A Fundamental Discussion of the Nature of Policy Shareholdings Will Be Required

TSE Tokyo Price Index TOPIX

A Fundamental Discussion of the Nature of Policy Shareholdings Will Be Required