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.

TOPIX Revision May Be an Opportunity for Companies to Choose to Go Private

After TSE's Request, the Key Is Whether the Company Can Deliver While Investors Are Still Hopeful

Human Capital Initiatives Can Also Be Viewed as Part of Such Autonomous “kaizen” Activities

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

The Key Is to Achieve Sustainable Growth Through Continuous Business Portfolio Review

Engagement Keeps Widening the Profitability Gap Between the Top and Bottom Companies in Market Cap

Cash on Hand Has Built up to a Level Where Small Shareholder Returns Are No Longer Sufficient

The Key to Higher ROE Is Higher Profit Margins and Faster Efforts by Smaller Companies

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since there was no difference in IR Disclosures between companies that increased valuations over past year and those that didn't, it's clear that improvement IR Disclosures alone won't raise valuations.</li>
<li>Since many companies with large market capitalizations have high foreign ownership, overseas investor engagement has had a positive impact on their high return on capital.</li>
<li>TSE's support for companies with small market capitalizations is a type of engagement that encourages companies whose engagement doesn't reach them to think about their management strategies.</li>
</ul>


Since there was no difference in IR Disclosures between companies that increased valuations over past year and those that didn't, it's clear that improvement IR Disclosures alone won't raise valuations.
Since many companies with large market capitalizations have high foreign ownership, overseas investor engagement has had a positive impact on their high return on capital.
TSE's support for companies with small market capitalizations is a type of engagement that encourages companies whose engagement doesn't reach them to think about their management strategies.


After the TSE "Engagement," It Is the Company Itself to Devise and Execute a Management Strategy

TSE Tokyo Price Index TOPIX

After the TSE "Engagement," It Is the Company Itself to Devise and Execute a Management Strategy