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.

TSE's "Request" Is a Catalyst for a Final Decision on the Foundation of Years of Engagement

The Raising of Listing Criteria in the Growth Market Will Lead to Increased Investment Opportunities

Shareholder Returns Will Increase over June AGM, but Will Companies Hold up with Sluggish ROE?

Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices

Is the Deflationary Mindset of Managers Still Prevailing?

More Companies Will Choose to Go Private Because They Can't Find an Effective Use for Their Cash

The Solution to Better Corporate Governance Is to Reduce the # of Companies with Large Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Asset Turnover and ROA deteriorated as a result of accumulating cash on hand rather than investing. There was also insufficient R&amp;D to create products that could have stronger pricing power.</li>
<li>Conditions are ripe for investment expansion, as demand for equipment replacement is rising due to long-standing CapEx restraints, and there is no need to accumulate more cash.</li>
<li>Companies are now in the stage of raising return on capital to increase reinvested cash flow from the stage of temporarily increasing earnings through price pass-through.</li>
</ul>


Asset Turnover and ROA deteriorated as a result of accumulating cash on hand rather than investing. There was also insufficient R&amp;D to create products that could have stronger pricing power.
Conditions are ripe for investment expansion, as demand for equipment replacement is rising due to long-standing CapEx restraints, and there is no need to accumulate more cash.
Companies are now in the stage of raising return on capital to increase reinvested cash flow from the stage of temporarily increasing earnings through price pass-through.


Few Companies Have Started to Move Yet, but Can They Raise R & D Investment to Regain Pricing Power?

TSE Tokyo Price Index TOPIX

Few Companies Have Started to Move Yet, but Can They Raise R & D Investment to Regain Pricing Power?