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.

Ownership of Company Stock Is a Key in Managing the Company with the Same Goals as Shareholders

Investors Expect a Feasible Management Strategy Rather than an Accurate Cost of Capital

What Can Be Done to Make the Independence of the Committee Function that Investors Have Questioned?

Still Many "Parent-Subsidiary Listings" Keep to Provide Investment Opportunities for Inefficiencies

MBOs Would Open the Door to Investment for Companies that Weren’t Invested for Fear Of "Value Trap"

Increasing Attention to the Role Played by Individuals in the Rising Trend of Stock Ownership

Valuations Will Rise when the Management Changes To "Maximizing Shareholder Interest"

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It is an expected option for a parent company to make a profitable subsidiary wholly owned by the parent company, an environment that demands improved ROE.</li>
<li>It is natural that the market would receive a stock offering by a large shareholder with more information than others as the stock price is higher than its fair value.</li>
<li>It's not unrelated to the fact that few shareholder proposals are approved and company proposals are rejected at AGMs, and that most domestic investment managers affiliates of major financial institutions.</li>
</ul>


It is an expected option for a parent company to make a profitable subsidiary wholly owned by the parent company, an environment that demands improved ROE.
It is natural that the market would receive a stock offering by a large shareholder with more information than others as the stock price is higher than its fair value.
It's not unrelated to the fact that few shareholder proposals are approved and company proposals are rejected at AGMs, and that most domestic investment managers affiliates of major financial institutions.


Interesting that the Buy Parent Company + Sell Subsidiary Trade Does Not Work

TSE Tokyo Price Index TOPIX

Interesting that the Buy Parent Company + Sell Subsidiary Trade Does Not Work