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.

To Change a Company that Didn't Change when Activist Investors Asked for Solutions to Their Issues

Even Though the June AGM Was Spread over 4 Days, 26.4% of the Companies Were Concentrated on June 29

When Will Fiduciary Duty Take Root in Japan?

Expecting Fewer Refusals to Disclose Management Issues and More Positive Discussions with Management

Let Fujitec's Case Be a Lesson to Companies and Investors in Japan

Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations

Passive Funds, Silent Shareholders, Are a Barrier to Corporate Governance

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While the shareholding of banks and insurances has dropped significantly, that of foreign shareholders has risen to 30%, making it impossible to ignore the opinions of overseas investors as before.</li>
<li>Since the introduction of the Corporate Governance Code, the concept of governance and ROE has permeated companies, making it possible for them to understand the background of activist investors' proposals.</li>
<li>Besides the close relationship between changes in valuations and changes in foreign shareholding, overseas investors account for 70% of TSE's transactions, forcing management to increasingly listen to overseas investor's voices.</li>
</ul>


While the shareholding of banks and insurances has dropped significantly, that of foreign shareholders has risen to 30%, making it impossible to ignore the opinions of overseas investors as before.
Since the introduction of the Corporate Governance Code, the concept of governance and ROE has permeated companies, making it possible for them to understand the background of activist investors' proposals.
Besides the close relationship between changes in valuations and changes in foreign shareholding, overseas investors account for 70% of TSE's transactions, forcing management to increasingly listen to overseas investor's voices.


Activist Investors Have Been Consistent, but Environment Around Companies Has Changed Significantly

TSE Tokyo Price Index TOPIX

Activist Investors Have Been Consistent, but Environment Around Companies Has Changed Significantly