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.

Few Companies Are Serious About Ensuring Board Diversity, Spoiled by Lax "Effort Targets"

Less Positive Disclosure Regarding the Gender Wage Gap Is Evidence of Less Positive Reasons

How Much Can 'effort Targets' Speed up the Narrowing of the Gender Pay Gap?

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

Japan's Governance: What Are the Effective Factors for Stock Returns?

Shouldn't Shareholders Raise Voice for a Company that Is Building up Cash While Its ROE Is Sluggish?

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

Change in Attitude of Domestic Institutional Investors Is Key to Approval of Shareholder Proposal

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since a few companies include ROE and ROIC as KPIs in their mid-term management plans and present compelling measures, now is the time to promote shareholder returns in short-term measures.</li>
<li>Companies that expect stock price to rise should ensure that they make progress on the issues that overseas investors are focused on (improving profitability, corporate governance, capital allocation and disclosures).</li>
<li>Companies with foreign ownership in 30% range are expected to work on issues of interest to overseas investors, while companies with low foreign ownership take indifferent response to shareholder proposals.</li>
</ul>


Since a few companies include ROE and ROIC as KPIs in their mid-term management plans and present compelling measures, now is the time to promote shareholder returns in short-term measures.
Companies that expect stock price to rise should ensure that they make progress on the issues that overseas investors are focused on (improving profitability, corporate governance, capital allocation and disclosures).
Companies with foreign ownership in 30% range are expected to work on issues of interest to overseas investors, while companies with low foreign ownership take indifferent response to shareholder proposals.


Awareness of ROE Has Increased, but Now at the Stage of Implementing Short-Term Measures

TSE Tokyo Price Index TOPIX

Awareness of ROE Has Increased, but Now at the Stage of Implementing Short-Term Measures