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.

If We Don't Change the Way We Used to Do Things, We Cannot Embrace Diverse Values

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

Reducing Policy Shareholdings May Be a Sign of Seriousness to Improve Management

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies with low valuations have lower ROE, ROA, and foreign ownership as well as inferior board practices and key actions. Conversely, companies with high valuations show the opposite relationship.</li>
<li>Over the past year, companies that increased their valuations were those with already  high valuations, return on capital and foreign ownership that further improved their earnings and increased their valuations.</li>
<li>This suggests that companies that have begun to make progress in management reform by improving board operations and clarifying management policies through engagement by overseas investors have achieved positive results.</li>
</ul>


Companies with low valuations have lower ROE, ROA, and foreign ownership as well as inferior board practices and key actions. Conversely, companies with high valuations show the opposite relationship.
Over the past year, companies that increased their valuations were those with already  high valuations, return on capital and foreign ownership that further improved their earnings and increased their valuations.
This suggests that companies that have begun to make progress in management reform by improving board operations and clarifying management policies through engagement by overseas investors have achieved positive results.


Clues to Management Change Are % Independent Directors and .....

TSE Tokyo Price Index TOPIX

Clues to Management Change Are % Independent Directors and .....