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.

The Objective of an MBO Is Not to Strip Bothersome Activist Investors of Their Equity Interests

For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand

"Requests" Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests

Alignment of Management and Shareholder Interests Could Be the Beginning of Happiness

Why Should Policy Shares Be Viewed as Including Deemed Shares Held?

Another Catalyst for Expected Reduction in Policy Shareholdings

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since the list of companies disclosing information based on TSE's request only shows "whether they disclosed," more companies will disclose the information in their corporate governance reports by December anyway.</li>
<li>Good practices published by TSE will provide hints for companies to improve their future disclosures. Investors will also be more likely to demand improvements from companies based on good practices.</li>
<li>The next step after disclosing the cost of capital is whether companies can disclose measures to fill gap between cost of capital and actual return and to raise return further.</li>
</ul>


Since the list of companies disclosing information based on TSE's request only shows "whether they disclosed," more companies will disclose the information in their corporate governance reports by December anyway.
Good practices published by TSE will provide hints for companies to improve their future disclosures. Investors will also be more likely to demand improvements from companies based on good practices.
The next step after disclosing the cost of capital is whether companies can disclose measures to fill gap between cost of capital and actual return and to raise return further.


Companies Are Finally at the Starting Line of Taking the First Steps to Improve ROE

TSE Tokyo Price Index TOPIX

Companies Are Finally at the Starting Line of Taking the First Steps to Improve ROE