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.

Certainly the Increase in Share Repurchases Is to Be Commended, But......

Isn't the Reason for More Share Buyback Disclosures Before the AGMs to Avoid Discussion by Managers?

The Declining Birthrate Makes Us Think About Japan's Tendency to Postpone Problems

Human Capital Disclosure in 'Yuho' Report Is Good News, but There Are Challenges

Japan's Governance: Dividend Policy and Performance, Corporate Governance

Japan's Governance: Retirement of Treasury Stock and Performance, Corporate Governance

Japan's Governance: About an Article on Natural and Human Capital Disclosures

Japan's Government: About an Article on Wage Disparity Between Men and Women

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>I have considered the Nikkei article, "Listed companies are being questioned on how they spend their cash."</li>
<li>More and more listed companies are also showing ROIC in their presentations, but it will take more time for both analysts and listed companies to understand the cost of capital.</li>
<li>Regarding the argument that using cash for share repurchases and dividends is effective, companies that retire treasury stock 3 or more times often have high profitability and higher stock valuations.</li>
</ul>


I have considered the Nikkei article, "Listed companies are being questioned on how they spend their cash."
More and more listed companies are also showing ROIC in their presentations, but it will take more time for both analysts and listed companies to understand the cost of capital.
Regarding the argument that using cash for share repurchases and dividends is effective, companies that retire treasury stock 3 or more times often have high profitability and higher stock valuations.


It Is a Good Trend that More Japanese Managers Are Using "Capital Allocation and Cash Allocation"

TSE Tokyo Price Index TOPIX

It Is a Good Trend that More Japanese Managers Are Using "Capital Allocation and Cash Allocation"