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.

ROE Isn't Rising Because Managers Don't Think of the Value of the Company and Meaning of the Listing

Prime Market Is Still the Market with the Most Listed Companies Even After 171 Companies Are Removed

Preparation in Advance for In-Depth Discussions Is Important for Both Investors and Managers

Meaningful If "P/B Below 1x" Is a Change of Mindset that Makes Managers Decide to Take an MBO

Japan's Governance: TOPIX Reform Update (2) - Change in Calculation Method of Floating Share Ratio

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

Companies with over 50% Independent Directors Have High Profitability and Stock Valuations

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>439 companies that will be excluded from TOPIX aren’t expected to face further selling pressure, but 43 companies that remain in TOPIX may have a positive impact in the future.</li>
<li>Only 43 companies (8.9%) succeeded in exceeding 10 billion yen in tradable market capitalization; compared to 22.3% rise in TOPIX, the stock performance of the TOPIX exclusion candidates were lackluster.</li>
<li>These companies with small market capitalizations represent a challenge that has made it difficult for them to attract investor attention and to come up with convincing disclosures.</li>
</ul>


439 companies that will be excluded from TOPIX aren’t expected to face further selling pressure, but 43 companies that remain in TOPIX may have a positive impact in the future.
Only 43 companies (8.9%) succeeded in exceeding 10 billion yen in tradable market capitalization; compared to 22.3% rise in TOPIX, the stock performance of the TOPIX exclusion candidates were lackluster.
These companies with small market capitalizations represent a challenge that has made it difficult for them to attract investor attention and to come up with convincing disclosures.


Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures

TSE Tokyo Price Index TOPIX

Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures