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.

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

To Make the TSE Prime Market in Line with the Original Concept of the Market

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

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

Is the Challenge of Raising the Stock Price Valuations Ultimately the Quality of Management?

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>For Japanese companies that take time to take action while watching their surroundings, it's skeptical of the expectation that individual managers will initiate measures in response to a "TSE request.</li>
<li>The shift from deflation to inflation won't only affect company's profit structure and balance-sheet, but will also force Japanese companies to change as it resets the mindset of all managers.</li>
<li>Since there's little economic rationale for holding cash under inflation, all companies, rather than individual management decisions, will be forced to use cash for investment in growth and shareholder returns.</li>
</ul>


For Japanese companies that take time to take action while watching their surroundings, it's skeptical of the expectation that individual managers will initiate measures in response to a "TSE request.
The shift from deflation to inflation won't only affect company's profit structure and balance-sheet, but will also force Japanese companies to change as it resets the mindset of all managers.
Since there's little economic rationale for holding cash under inflation, all companies, rather than individual management decisions, will be forced to use cash for investment in growth and shareholder returns.


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

TSE Tokyo Price Index TOPIX

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