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.

Concrete Measures to Raise ROA Are Needed to Achieve Medium-Term Stock Price Outperformance

What's Solution for TSE Growth Market, Where IPOs Became the Goal and Lost Growth Due to Burnout?

The Effect of the TSE Requesting an Improvement Plan from a Company with a P/B Below 1x Is....

Different Criteria for Exercising Voting Rights for Overseas and Domestic Institutional Investors

More Effective for a Company to Show Background when It Raises Its Dividend Outlook

It's Not Who The Directors Come From, but Their Skills and Ability to Fulfill Their Fiduciary Duties

Earlier Timing of Disclosure in English May Create Another Mismatch with Investor Demand

Shortcut to Tension in Japanese Company Management Is Change in Voting Power of BOJ ETFs

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Except for the fact that companies with higher ROA tended to have higher ratios of independent directors, there were no significant correlations with many board practices.</li>
<li>Companies with high ROA are expected to increase ROA by reducing cross-shareholdings in future, and by improving cash allocation to achieve further growth and shareholder returns on growing cash flow.</li>
<li>Companies with high ROA tend to have a high ratio of foreign shareholders, and these companies' corporate governance is expected to gradually improve in the future, further increasing ROA.</li>
</ul>


Except for the fact that companies with higher ROA tended to have higher ratios of independent directors, there were no significant correlations with many board practices.
Companies with high ROA are expected to increase ROA by reducing cross-shareholdings in future, and by improving cash allocation to achieve further growth and shareholder returns on growing cash flow.
Companies with high ROA tend to have a high ratio of foreign shareholders, and these companies' corporate governance is expected to gradually improve in the future, further increasing ROA.


Companies with High ROA Have High Potential for Corporate Governance and Further ROA Improvement

TSE Tokyo Price Index TOPIX

Companies with High ROA Have High Potential for Corporate Governance and Further ROA Improvement