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.

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

The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships

Will TSE's Mock Engagement Measures Work?

Critical Role of Outside Directors Is an Issue Leading to a Majority of Independent Directors

Concurrent Directorship Issue Calls into Question Effectiveness of Nominating Committee

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In many cases of bad disclosures where the capital allocation policy has not been adequately considered, the company often fails to develop a concrete growth strategy using cash.</li>
<li>The reason for the misaligned disclosures with investors may be that the company lacks the process to produce projected financial statements and to estimate corporate value/share price calculated from DCF.</li>
<li>If a plan containing unreasonable figures is disclosed as is, the independent outside director may not be involved in the decision making or may not be accompanied by adequate skills.</li>
</ul>


In many cases of bad disclosures where the capital allocation policy has not been adequately considered, the company often fails to develop a concrete growth strategy using cash.
The reason for the misaligned disclosures with investors may be that the company lacks the process to produce projected financial statements and to estimate corporate value/share price calculated from DCF.
If a plan containing unreasonable figures is disclosed as is, the independent outside director may not be involved in the decision making or may not be accompanied by adequate skills.


Independent Directors Are Responsible for Disclosures that Have Gaps from the Investors' Perspective

TSE Tokyo Price Index TOPIX

Independent Directors Are Responsible for Disclosures that Have Gaps from the Investors' Perspective