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.

Looking at Policy Shareholdings as a Percentage of Total Assets Reveals a Different Aspect

What Is Needed for More Engagement to Be Effective Is to Reduce Policy Shareholdings

Companies with Low ROEs Have Corporate Governance Practices that Only Make It So

Determine Whether Shareholder Return Is a Temporary Measure or a Shift to Value-Creating Management

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>We need to watch carefully to see whether cash flow will subsequently increase in the projects that the CB issuers have invested their proceeds in.</li>
<li>Share prices of companies that announce equity financings, including CBs, usually decline. Besides the dilution, another aspect is the effect of the company's announcement of the sale of its shares.</li>
<li>In the case of CBs, the company should keep in mind that it sold the conversion rights of its shares for less than their actual call option value.</li>
</ul>


We need to watch carefully to see whether cash flow will subsequently increase in the projects that the CB issuers have invested their proceeds in.
Share prices of companies that announce equity financings, including CBs, usually decline. Besides the dilution, another aspect is the effect of the company's announcement of the sale of its shares.
In the case of CBs, the company should keep in mind that it sold the conversion rights of its shares for less than their actual call option value.


Although the Cost of Capital for CBs Should Be Considered Much Higher than for SBs

TSE Tokyo Price Index TOPIX

Although the Cost of Capital for CBs Should Be Considered Much Higher than for SBs