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.

Not Many Companies Have Implemented Full-Scale Improvements in Return on Capital

Slow Policy Shareholdings Reduction Is Similar Backdrop to Unclear Nomination Process for Directors

Reducing Cross-Shareholdings Returns Companies to Basics of Sustained Growth in Shareholder Returns

Challenge Is to Raise Governance and Return on Capital for More Companies Beyond Matching Numbers

Increasing Attention to the Role Played by Individuals in the Rising Trend of Stock Ownership

Increasing Profitability to Gain Support from Overseas Investors Is a Condition for Higher Valuation

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The percentage of shares held by individuals and trust banks fell from 17.6% to 16.9% and from 22.6% to 22.1%, respectively. Increasing individual investors' investment in Japanese equities isn't easy.</li>
<li>The presence of overseas investors will increase, as the percentage of shares held by foreigners, which has reached a record high, is expected to remain high in the future.</li>
<li>The percentage of shares held by corporations decreased slightly, and cross-shareholdings are gradually being unwound. The gradual decline is likely to continue in the future.</li>
</ul>


The percentage of shares held by individuals and trust banks fell from 17.6% to 16.9% and from 22.6% to 22.1%, respectively. Increasing individual investors' investment in Japanese equities isn't easy.
The presence of overseas investors will increase, as the percentage of shares held by foreigners, which has reached a record high, is expected to remain high in the future.
The percentage of shares held by corporations decreased slightly, and cross-shareholdings are gradually being unwound. The gradual decline is likely to continue in the future.


Foreign Ownership, Which Has Reached a Record High of 31.8%, Will Continue to Play a Major Role

TSE Tokyo Price Index TOPIX

Foreign Ownership, Which Has Reached a Record High of 31.8%, Will Continue to Play a Major Role