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.

Is the Rise in TOPIX Anticipating the Actual Rise in ROE+DOE?

A Market with a Low Average ROE Favors Valuations for Companies with More Reliable Cash Flow

Maybe Management Is Finally Becoming Aware of the Cost of Listing

Unification of Quarterly Reports Will Further Increase the Role of TSE

Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate

Quarterly Disclosure Discussions Leave Investor Perspectives Behind

The Attitude Toward Information Disclosure May Make a Further Difference in Stock Valuations

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>A company that does't include a cash flow statement in its 1Q and 3Q financial summaries, which will now be mandatory, is a company that is reluctant to disclose information.</li>
<li>Management groups have called for making quarterly disclosure voluntary. This time, a hand has been dealt with a compromise proposal to unify quarterly reports and financial statements in securities reports.</li>
<li>While the risk of dropping quarterly disclosure in the near future is small, the major problem is that some managers are still reluctant to disclose information.</li>
</ul>


A company that does't include a cash flow statement in its 1Q and 3Q financial summaries, which will now be mandatory, is a company that is reluctant to disclose information.
Management groups have called for making quarterly disclosure voluntary. This time, a hand has been dealt with a compromise proposal to unify quarterly reports and financial statements in securities reports.
While the risk of dropping quarterly disclosure in the near future is small, the major problem is that some managers are still reluctant to disclose information.


It's Unreasonable to Hope for Higher Stock Prices While Being Reluctant to Disclose Information

TSE Tokyo Price Index TOPIX

It's Unreasonable to Hope for Higher Stock Prices While Being Reluctant to Disclose Information