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.

Higher ROE & ROA Are Keys to Higher Valuation, but This Wasn't Easy for Companies with Low Valuation

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

Investors Want to See a Shift in Management to Create Value, Not Just Meet Government Target Numbers

Demand for Disclosure to Answer the Goal of Promoting Sustainability to Increase Corporate Value

Key to Promote Diversity Isn't Company's Size but Rather Manager's Judgment and Ability to Execute

Companies Keen to Reduce Administrative Costs, but Reluctant to Provide Convenience to Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>% of independent directors continued a modest rise, and % of women board members still reached 10% level. 6 of 1,788 companies transitioned to Company with US type 3 Committees.</li>
<li>Growth Policy score improved as more companies included ROIC in their KPIs, and AGM Disclosures score improved as the majority of prime market listed companies joined the voting platform.</li>
<li>Scores related to the use of cash and IR Disclosures score also didn’t improve noticeably. Companies are not taking action on how to use cash to expand their corporate value.</li>
</ul>


% of independent directors continued a modest rise, and % of women board members still reached 10% level. 6 of 1,788 companies transitioned to Company with US type 3 Committees.
Growth Policy score improved as more companies included ROIC in their KPIs, and AGM Disclosures score improved as the majority of prime market listed companies joined the voting platform.
Scores related to the use of cash and IR Disclosures score also didn’t improve noticeably. Companies are not taking action on how to use cash to expand their corporate value.


Corporate Governance in Japan Is Improving, but Has yet to Take Steps to Create Value

TSE Tokyo Price Index TOPIX

Corporate Governance in Japan Is Improving, but Has yet to Take Steps to Create Value