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.

Since It Is Unclear Whether Director Nomination Process Is Working, Voting Becomes More Important

Is the Gap Between the Skills Matrix and the Board Personnel Needed Widening?

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

How to Make a Non-Functioning Statutory Auditor Function

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Pan Pacific International Holdings (7532 JP)

<ul>
<li>Since the total shares held by Founder Family, trust Banks and FamilyMart exceed 50%, this director appointment proposal will pass unless the shareholders held by the trust banks oppose it.</li>
<li>Challenges will be noted in the function of the nominating committee, which nominated directors with few elements falling under the skills item, and in the disclosure of the skills matrix.</li>
<li>While PPIH's free cash flow is ample and growth is expected, shareholder returns and governance remain challenges, but with overseas investor equity exceeding 30%, much improvement is expected in future.</li>
</ul>


Since the total shares held by Founder Family, trust Banks and FamilyMart exceed 50%, this director appointment proposal will pass unless the shareholders held by the trust banks oppose it.
Challenges will be noted in the function of the nominating committee, which nominated directors with few elements falling under the skills item, and in the disclosure of the skills matrix.
While PPIH's free cash flow is ample and growth is expected, shareholder returns and governance remain challenges, but with overseas investor equity exceeding 30%, much improvement is expected in future.


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