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.

Alignment of Management and Shareholder Interests Could Be the Beginning of Happiness

Policy Shareholdings, if Reduced, Should Be Used for Profitable Investments

Why Should Policy Shares Be Viewed as Including Deemed Shares Held?

The Rift Between Managers and Shareholders of Standard Market-Listed Companies Is Likely to Deepen

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The carryback of pension obligations and expenses resulting from higher bond yields is a factor in the increase in operating profit.</li>
<li>While this'll lead to higher EPS, which should lead to higher dividends and more room for stock price appreciation, there's concern that inflating the B/S will lead to stagnant ROE.</li>
<li>In addition, since FY3/2024 profits will be boosted by pension financing factors unrelated to the core business, lower profit growth rate in FY3/2025 will put pressure on the stock price.</li>
</ul>


The carryback of pension obligations and expenses resulting from higher bond yields is a factor in the increase in operating profit.
While this'll lead to higher EPS, which should lead to higher dividends and more room for stock price appreciation, there's concern that inflating the B/S will lead to stagnant ROE.
In addition, since FY3/2024 profits will be boosted by pension financing factors unrelated to the core business, lower profit growth rate in FY3/2025 will put pressure on the stock price.


Investors Will Again Demand Concrete Measures to Raise ROE and Boost Shareholder Returns in FY3/2025

TSE Tokyo Price Index TOPIX

Investors Will Again Demand Concrete Measures to Raise ROE and Boost Shareholder Returns in FY3/2025