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.

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Might Consider Creating Mechanism to Allocate Companies' Cash in Cash Cow to Companies that Can Grow

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

Quality Issues Are a Common Challenge for TSE Market Restructuring and Corporate Governance Reform

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

What Should a Japanese Company Do to Raise Profit Margin, a Prerequisite for Higher ROE?

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>Not because TSE requires it, but because management should provide shareholders with a concrete plan and outlook for cash allocation based on the company's growth stage and the external environment.</li>
<li>For companies that disclosed improvement measures before TSE requested them and saw their stock price rise significantly, the sustainability of the stock price depends on the feasibility of the plan.</li>
<li>The stock market jumped the gun and rallied in anticipation of the company's announcement of feasible plan as expected, even though the company has yet to disclose any improvement plan.</li>
</ul>


Not because TSE requires it, but because management should provide shareholders with a concrete plan and outlook for cash allocation based on the company's growth stage and the external environment.
For companies that disclosed improvement measures before TSE requested them and saw their stock price rise significantly, the sustainability of the stock price depends on the feasibility of the plan.
The stock market jumped the gun and rallied in anticipation of the company's announcement of feasible plan as expected, even though the company has yet to disclose any improvement plan.


Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?

TSE Tokyo Price Index TOPIX

Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?