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.

Expanding Nominal Profits from Shift from Deflation Rather than P/B Is the Driver of Stock Prices

Companies Should Show a Path to Accelerated Profit Growth Rather than Shareholder Returns

The Essence of the Matter Is the Low Return on Cash Flow Generated by the Company's Business

The Problem Is that Many Managers Know that ROE Is Below Cost of Capital but Are Not Taking Action

What Is the Effective Way to Ensure That "TSE Request" Does Not End up Being a Formal Disclosure?

Rather, Listing Criteria for Prime Market Should Be Modified to the Original Concept of the Market

Managers Should Consider That "TSE's Request" Has Changed the Rules of the Game

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Largest 500 companies in prime market of 1,800 companies account for 90% of the market capitalization, which shows how low the listing standard of JPY10 billion tradable market capitalization is.</li>
<li>It's more important to implement measures that will grow corporate value over the medium-t0-long term than whether or not the market capitalization standard can be achieved by March 2025.</li>
<li>Since companies that choose standard market at market reclassification include companies that don't want to resolve corporate governance issues, more companies in standard market won't be proactive in corporate governance.</li>
</ul>


Largest 500 companies in prime market of 1,800 companies account for 90% of the market capitalization, which shows how low the listing standard of JPY10 billion tradable market capitalization is.
It's more important to implement measures that will grow corporate value over the medium-t0-long term than whether or not the market capitalization standard can be achieved by March 2025.
Since companies that choose standard market at market reclassification include companies that don't want to resolve corporate governance issues, more companies in standard market won't be proactive in corporate governance.


Growth in Corporate Value over Longer Term Is More Important than Meeting Immediate Listing Criteria

TSE Tokyo Price Index TOPIX

Growth in Corporate Value over Longer Term Is More Important than Meeting Immediate Listing Criteria