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 Format of the AGM Also Reveals a Part of the Company's Attitude Toward Its Shareholders

Rather More Proposals that Have to Be Considered for or Against on a Qualitative, Case-By-Case Basis

Many Companies Still Consider Engagement with Investors to Be Someone Else's Business

Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies

Might Consider Creating Mechanism to Allocate Companies' Cash in Cash Cow to Companies that Can Grow

Activist Investors Have Been Consistent, but Environment Around Companies Has Changed Significantly

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>This year, 26.4% of companies will hold AGMs on June 29. The trend will continue, with 1/4 companies holding AGMs on the day before the last business day of June.</li>
<li>Electronic provision of shareholder meeting materials (3-4 weeks in advance) and electronic voting platforms for institutional investors progressed, mainly for prime market listed companies.</li>
<li>The mismatch between supply and demand continues, with only 26.9% of companies providing English translations of business reports (materials for AGMs), a much-needed service for global institutional investors.</li>
</ul>


This year, 26.4% of companies will hold AGMs on June 29. The trend will continue, with 1/4 companies holding AGMs on the day before the last business day of June.
Electronic provision of shareholder meeting materials (3-4 weeks in advance) and electronic voting platforms for institutional investors progressed, mainly for prime market listed companies.
The mismatch between supply and demand continues, with only 26.9% of companies providing English translations of business reports (materials for AGMs), a much-needed service for global institutional investors.


Even Though the June AGM Was Spread over 4 Days, 26.4% of the Companies Were Concentrated on June 29

TSE Tokyo Price Index TOPIX

Even Though the June AGM Was Spread over 4 Days, 26.4% of the Companies Were Concentrated on June 29