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.

How to Make a Non-Functioning Statutory Auditor Function

Has the “Unit of Investment” Principle Spoiled the Companies?

Governance and Shareholder Return Are Likely to Improve, and Investors Continue to Pay Attention

Since Cash on Hand Will Not Decrease in FY2024, Shareholder Returns Remain a Hot Topic

Will the Challenges that Have Taken a Decade to Make Progress Finally Be Resolved?

Can Investors Tolerate the Current Pace of Capital Profitability Improvement?

Companies Should Reset the Yen's Depreciation Benefit Mindset and Regain Core Competencies

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Last year's CAPEX plan was also a record high, but ROE growth was limited. We should closely monitor whether the allocation of CAPEX, shareholder returns, and retained earnings is appropriate.</li>
<li>When a company finally begins using cash on hand for investments and lacks reliable track records, it should be monitored to ensure that it’s generating sufficient cash flow from CAPEX.</li>
<li>The trend continues to remain that most investments are directed overseas. Note that many Japanese companies have a history of having difficulty managing their overseas operations.</li>
</ul>


Last year's CAPEX plan was also a record high, but ROE growth was limited. We should closely monitor whether the allocation of CAPEX, shareholder returns, and retained earnings is appropriate.
When a company finally begins using cash on hand for investments and lacks reliable track records, it should be monitored to ensure that it’s generating sufficient cash flow from CAPEX.
The trend continues to remain that most investments are directed overseas. Note that many Japanese companies have a history of having difficulty managing their overseas operations.


Focus on Cash Flow Recovery from Investments as Planned, as Well as Appropriate Cash Allocation

TSE Tokyo Price Index TOPIX

Focus on Cash Flow Recovery from Investments as Planned, as Well as Appropriate Cash Allocation