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.

It Is Not a Question of Whether Investment in Growth or Shareholder Return Is Better

The Strategy Is More Important than Whether the Mid-Term Business Plan and the Actual Are Blurred

Activist Investors with Increased AUM Will Also Likely Target Larger Companies for Investment

Investors Are Disappointed that ROE Is Not Improving, yet Companies Can't Disclose to Improve It

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The reorganization of Panasonic Holdings was far from restructuring its business portfolio, as it brought highly profitable subsidiaries and affiliates into the parent company while leaving low-profit businesses alone.</li>
<li>Although Panasonic's disclosure was successful as IR in instilling “expectations” in investors by showing targets, a possibility cannot be denied that it's temporary phenomenon that came at market turning point.</li>
<li>Now, 3 years after “TSE's request,” many investors are looking to improve profitability by restructuring their business portfolios, and will likely demand steady results year after year.</li>
</ul>


The reorganization of Panasonic Holdings was far from restructuring its business portfolio, as it brought highly profitable subsidiaries and affiliates into the parent company while leaving low-profit businesses alone.
Although Panasonic's disclosure was successful as IR in instilling “expectations” in investors by showing targets, a possibility cannot be denied that it's temporary phenomenon that came at market turning point.
Now, 3 years after “TSE's request,” many investors are looking to improve profitability by restructuring their business portfolios, and will likely demand steady results year after year.


Instilling Expectations Was Positive, but Interest Quickly Shifting from Seriousness to Performance

TSE Tokyo Price Index TOPIX

Instilling Expectations Was Positive, but Interest Quickly Shifting from Seriousness to Performance