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 First Step in Major Shift in Management Strategy Is for Sapporo to Sell Its Cross-Shareholdings

Should the 2022 Annual Meeting of Shareholders Be Regarded as Constant Progress?

Is TSE Being Too Strict with the Honor Students and Too Lenient with the Underdogs?

Don't Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

Japan's Governance: About the Article on Holding Shares Contributed to Retirement Benefit Trusts

Review of TSE Market Reclassification Requires a Big Cleanup, Not a Small Cleanup as It Should Be

Main Issue Is the Content Rather than the Progress in Complying with the Corporate Governance Code

Shareholder Returns Offered by Companies that Do Not Meet Prime Market Listing Criteria Are.....

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Clearly, the pace of decline of deemed cross-held shares held in retirement benefit trusts is slower than the pace of decline of ordinary cross-held shares held on the balance sheet.</li>
<li>Companies with deemed shareholdings tend to have larger total assets than companies with general policy shareholdings (policy shareholdings account for 7.3% of total assets).</li>
<li>Although they are less visible, the reduction of deemed shareholdings will come later because shares of important business partners and banks are contributed to retirement benefit trust as deemed shareholdings.</li>
</ul>


Clearly, the pace of decline of deemed cross-held shares held in retirement benefit trusts is slower than the pace of decline of ordinary cross-held shares held on the balance sheet.
Companies with deemed shareholdings tend to have larger total assets than companies with general policy shareholdings (policy shareholdings account for 7.3% of total assets).
Although they are less visible, the reduction of deemed shareholdings will come later because shares of important business partners and banks are contributed to retirement benefit trust as deemed shareholdings.


Do Not Miss the Movement of Deemed Cross-Held Shares, Which Are the Last Resort of Cross-Held Shares

TSE Tokyo Price Index TOPIX

Do Not Miss the Movement of Deemed Cross-Held Shares, Which Are the Last Resort of Cross-Held Shares