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.

P/B Reform: Effective Disclosure to Include that “going Private" Is an Option

In the Dissolution of the Parent-Subsidiary Listing, the Second Step Is Key for the Parent Company

FSA Roadmap Is Realistic, but Progress on Scope 3 Disclosures Will Follow the Revision of Guidelines

Can TSE's “Examples of Bad Disclosures” Help Companies Shift to Shareholder-Oriented Management?

Financial Disclosures During Trading Hours Was Disappointing in 2Q, but Will Increase Gradually

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The phenomenon of declining numbers of listed shares due to share buybacks and declining numbers of listed companies in US/Europe starting in 1990s began in Japan 30 years later.</li>
<li>On TSE, where there are many companies with parent-subsidiary listings and large shareholders like founder families and parent companies, more companies will choose to go private because of listing costs.</li>
<li>Private equity investments in Japanese companies will further increase in the future, as it is easier to find investment opportunities in Japan, where stock valuations are relatively low.</li>
</ul>


The phenomenon of declining numbers of listed shares due to share buybacks and declining numbers of listed companies in US/Europe starting in 1990s began in Japan 30 years later.
On TSE, where there are many companies with parent-subsidiary listings and large shareholders like founder families and parent companies, more companies will choose to go private because of listing costs.
Private equity investments in Japanese companies will further increase in the future, as it is easier to find investment opportunities in Japan, where stock valuations are relatively low.


Japan Market Attractive for PE Investment Despite Low Profit Growth

TSE Tokyo Price Index TOPIX

Japan Market Attractive for PE Investment Despite Low Profit Growth