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.

CG Watch, Which Made Great Strides Will Be Tested Next Time for Substantial Governance Improvements

Size of Market Capitalization Will Make a Difference in Corporate Governance and Value Creation

Will Parent Company Valuations Remain Undervalued Until the Parent-Subsidiary Listing Is Dissolved?

Manager's Real Intent to Prevent Further Increase in Ratio of Independent Directors Is Revealed

The State of Listed Companies Should Be Discussed Together with Discussion of Quarterly Disclosure

Unification of Quarterly Reports Will Further Increase the Role of TSE

Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It is desirable for stakeholders other than shareholders for the company to be profitable. The problem lies in holding excess cash without making sufficient returns from the business.</li>
<li>Cash flow should be used for reinvestment and shareholder returns, but in fact many companies didn't grow their allocations to investment and shareholder returns, but instead accumulated cash on hand.</li>
<li>There is a big difference in corporate value between a company with growing cash flow and increasing shareholder returns and a company with stagnant cash flow but raising shareholder returns.</li>
</ul>


It is desirable for stakeholders other than shareholders for the company to be profitable. The problem lies in holding excess cash without making sufficient returns from the business.
Cash flow should be used for reinvestment and shareholder returns, but in fact many companies didn't grow their allocations to investment and shareholder returns, but instead accumulated cash on hand.
There is a big difference in corporate value between a company with growing cash flow and increasing shareholder returns and a company with stagnant cash flow but raising shareholder returns.


If Multi-Stakeholder Is Equally Important, a Company Should Make Sufficient Profit First

TSE Tokyo Price Index TOPIX

If Multi-Stakeholder Is Equally Important, a Company Should Make Sufficient Profit First