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.

"TSE's Request” Catalyzes and Attracts Activist Investors to Invest

This TOB Does Not Question the Fundamental Issue of REIT Governance, but Will the Tactic Succeed?

What It Takes to Bring Back Overseas Investors once They Have Left ....

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>REITs, whose main players are regional banks that invest as a bond alternative, tend to stop their market decline when the spread with JGB yields approaches 400 basis points.</li>
<li>While there is certainly room for REITs to strengthen shareholder returns, the possibility that domestic investors may want stable dividends cannot be denied.</li>
<li>Other activist investors are watching with interest to see if the shareholder activism approach works in REITs as well, but the main battleground is still listed equities.</li>
</ul>


REITs, whose main players are regional banks that invest as a bond alternative, tend to stop their market decline when the spread with JGB yields approaches 400 basis points.
While there is certainly room for REITs to strengthen shareholder returns, the possibility that domestic investors may want stable dividends cannot be denied.
Other activist investors are watching with interest to see if the shareholder activism approach works in REITs as well, but the main battleground is still listed equities.


Aiming for REITs with Lower Downside Risk and Expectations of Higher Shareholder Returns?

TSE Tokyo Price Index TOPIX

Aiming for REITs with Lower Downside Risk and Expectations of Higher Shareholder Returns?