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.

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

First Step in Engagement in Term of Listening to Overseas Investors Is Seeking Disclosure in English

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time

What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The issue of the discrepancy between disclosure documents in English highly remanded by overseas investors and actual disclosures in English by companies has not been resolved.</li>
<li>Companies with the highest English language disclosure scores had superior ROE, valuation, market capitalization and foreign ownership, and corporate governance. Companies with the lowest English disclosure scores showed the opposite.</li>
<li>Through overseas investor engagement, companies are likely to improve its corporate governance practices and has actually taken actions that have led to improved capital profitability.</li>
</ul>


The issue of the discrepancy between disclosure documents in English highly remanded by overseas investors and actual disclosures in English by companies has not been resolved.
Companies with the highest English language disclosure scores had superior ROE, valuation, market capitalization and foreign ownership, and corporate governance. Companies with the lowest English disclosure scores showed the opposite.
Through overseas investor engagement, companies are likely to improve its corporate governance practices and has actually taken actions that have led to improved capital profitability.


English Language Disclosure Will Raise Investment of Overseas Investors and Lead to Higher Valuation

TSE Tokyo Price Index TOPIX

English Language Disclosure Will Raise Investment of Overseas Investors and Lead to Higher Valuation