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.

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings

Investors Are Valuing Equities Thinking that Managers Are Still Slow to Put Cash to Good Use?

Meaningful If "P/B Below 1x" Is a Change of Mindset that Makes Managers Decide to Take an MBO

ROE Trends Do Not Seem to Indicate a Significant Change in Management's Mindset?

Maybe Management Is Finally Becoming Aware of the Cost of Listing

To Raise ROE, Breaking Away from Familiar Relationships and Creating Tension in Management Is Key

Is the Deflationary Mindset of Managers Still Prevailing?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since the introduction of the Corporate Governance Code, the hurdle for listed companies to fulfill their responsibilities has become higher, which is why more managers are choosing to go private.</li>
<li>While some of companies with large market capitalizations that overseas investor engagement extends to are showing promise for change, many others are failing to step up management to create value.</li>
<li>TOPIX's rise has been mainly driven by an increase in the number of companies rather than an increase in stock prices. The market should become higher in quality through de-listing.</li>
</ul>


Since the introduction of the Corporate Governance Code, the hurdle for listed companies to fulfill their responsibilities has become higher, which is why more managers are choosing to go private.
While some of companies with large market capitalizations that overseas investor engagement extends to are showing promise for change, many others are failing to step up management to create value.
TOPIX's rise has been mainly driven by an increase in the number of companies rather than an increase in stock prices. The market should become higher in quality through de-listing.


Isn't It Hypocritical to Request a P/B Raising Measure While Continuing the Listed Subsidiary IPO?

TSE Tokyo Price Index TOPIX

Isn't It Hypocritical to Request a P/B Raising Measure While Continuing the Listed Subsidiary IPO?