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.

Drivers of Corporate Governance Improvement Are the Percentage of Foreign Shareholdings

The Good Case Companies Had More Opportunities to Reflect on Cost of Capital and Return on Capital

Solving the Issue of Increasing Trading Liquidity in Japanese Stocks Is More Than Analyst Coverage..

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

Continued Creation of JPX Prime 150-Type Passive Funds Will Help Solve TOPIX Challenges

A Change in Manager's Mindset that Has Begun Will Lower the Investment Risk for Activist Investors

Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies "Plan" Work?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Companies with the highest Disclosure in English scores have the highest ROE, Tobin's Q, Market Capitalization, and Foreign Shareholder Ratio, while companies with the lowest scores have the lowest values.</li>
<li>Companies with the highest Disclosure in English scores also show generally higher Board Practices and Key Actions. Both Disclosure in English and these practices are the result of engagement efforts.</li>
<li>If Disclosure in English and corporate governance efforts are advanced through engagement, it can be hypothesized that profitability will also increase through engagement with overseas investors.</li>
</ul>


Companies with the highest Disclosure in English scores have the highest ROE, Tobin's Q, Market Capitalization, and Foreign Shareholder Ratio, while companies with the lowest scores have the lowest values.
Companies with the highest Disclosure in English scores also show generally higher Board Practices and Key Actions. Both Disclosure in English and these practices are the result of engagement efforts.
If Disclosure in English and corporate governance efforts are advanced through engagement, it can be hypothesized that profitability will also increase through engagement with overseas investors.


First Step in Engagement in Term of Listening to Overseas Investors Is Seeking Disclosure in English

TSE Tokyo Price Index TOPIX

First Step in Engagement in Term of Listening to Overseas Investors Is Seeking Disclosure in English