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.

If Japan Were Treasure Trove of Value Stocks, Global Investors Would Not Underweight Japanese Stocks

Isn't It Too Much to Expect Instantaneous Screening to Yield the Same Shares as Buffett's Approach?

Fewer Companies Still Use Capital Efficiency Such as ROE as KPIs for Variable Compensation

New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors

To Make the TSE Prime Market in Line with the Original Concept of the Market

Passive Funds, Silent Shareholders, Are a Barrier to Corporate Governance

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Many companies have low valuations due to the fact that not few managers are concerned about maintaining public listing with the idea of prioritizing it over growth in shareholder interests.</li>
<li>Many companies only minimally respond to formally aligning board practices with the criteria of the Corporate Governance Code, and very few are creating value through advancing their corporate governance initiatives.</li>
<li>TSE data shows that OP Margin is neutral and Asset Turnover and Financial Leverage are both negative for ROE, so immediate share repurchases are the effective way in raising ROE.</li>
</ul>


Many companies have low valuations due to the fact that not few managers are concerned about maintaining public listing with the idea of prioritizing it over growth in shareholder interests.
Many companies only minimally respond to formally aligning board practices with the criteria of the Corporate Governance Code, and very few are creating value through advancing their corporate governance initiatives.
TSE data shows that OP Margin is neutral and Asset Turnover and Financial Leverage are both negative for ROE, so immediate share repurchases are the effective way in raising ROE.


Evaluate Not Only Board Practices, but Also Key Actions to See if They Are Leading to Value Creation

TSE Tokyo Price Index TOPIX

Evaluate Not Only Board Practices, but Also Key Actions to See if They Are Leading to Value Creation