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.

Women's Empowerment in Japan Will Still Take a Considerable Amount of Time

In Addition to Efforts by Individual Companies Values Endorsing Gender Inequality Must Be Removed

The Goal of 30% Female Board Members Is Somewhat Hard to Achieve Given the Current Situation

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

Governance Improvement in 2023 Was Modest but Saved by a Rise in % Woman Board Members

Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices

The Solution to Better Corporate Governance Is to Reduce the # of Companies with Large Shareholders

Isn't It Not Strong Enough to Raise ROE by Higher Profit Margin Due to Escape from Deflation?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The "30% female board member goal" appears to be more about matching numbers with results rather than discussing the positive impact of diversity on the board.</li>
<li>Over the past year, corporate governance improved only modestly for all listed companies, but few that improved their corporate governance raised the percentages of female board members and independent directors.</li>
<li>Given the strong influence between improvements in governance and return on capital and foreign ownership, it's difficult for a company to transform itself without the reach of overseas investor engagement.</li>
</ul>


The "30% female board member goal" appears to be more about matching numbers with results rather than discussing the positive impact of diversity on the board.
Over the past year, corporate governance improved only modestly for all listed companies, but few that improved their corporate governance raised the percentages of female board members and independent directors.
Given the strong influence between improvements in governance and return on capital and foreign ownership, it's difficult for a company to transform itself without the reach of overseas investor engagement.


Challenge Is to Raise Governance and Return on Capital for More Companies Beyond Matching Numbers

TSE Tokyo Price Index TOPIX

Challenge Is to Raise Governance and Return on Capital for More Companies Beyond Matching Numbers