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.

Japanese Managers Have Always Wanted to Distance Themselves from Market Pressures

Shouldn't Shareholders Raise Voice for a Company that Is Building up Cash While Its ROE Is Sluggish?

Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?

More Important to Keep Prime Market Quality High, Not to Give to Listed Companies a Grace Period

Unreasonable Company Opposition, but No Change in Outlook for Shareholder Proposals to Be Rejected

Change in Attitude of Domestic Institutional Investors Is Key to Approval of Shareholder Proposal

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since the TSE's disclosure request includes specific keywords, companies will not be able to refuse to disclose these keywords to investors if they request it in the future.</li>
<li>If companies expect revaluation of their stock price that goes beyond temporary rise in share price, it's necessary to present growth story that goes beyond measures to strengthen shareholder returns.</li>
<li>Since companies will no longer have a reason to refuse to disclose keywords, activist investors can expect to have more positive discussions with management in the future.</li>
</ul>


Since the TSE's disclosure request includes specific keywords, companies will not be able to refuse to disclose these keywords to investors if they request it in the future.
If companies expect revaluation of their stock price that goes beyond temporary rise in share price, it's necessary to present growth story that goes beyond measures to strengthen shareholder returns.
Since companies will no longer have a reason to refuse to disclose keywords, activist investors can expect to have more positive discussions with management in the future.


Expecting Fewer Refusals to Disclose Management Issues and More Positive Discussions with Management

TSE Tokyo Price Index TOPIX

Expecting Fewer Refusals to Disclose Management Issues and More Positive Discussions with Management