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.

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

Challenge Is How to Promote Sustainability in a Japanese Company that Has Inadequate Human Resources

Japan's Governance: TOPIX Reform Update (2) - Change in Calculation Method of Floating Share Ratio

Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations

Japan's Governance: TSE Market Reclassification and Equity Finance : Koei Tecmo Holdings (3635)

Japan's Governance: What Are the Effective Factors for Stock Returns?

Japan's Governance: About Articles on TSE Market Reorganization

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since all 9 companies have low foreign shareholding ratios due to the presence of large shareholders, a shortcut to increasing stock price performance is to increase the foreign shareholding ratio.</li>
<li>Unless it's feasible to reduce stake of major shareholders, the key will be to raise ROA, which is correlated with valuations, so growth policy and capital allocation must be clarified.</li>
<li>For long-term investors, continued increase in the % independent directors is also helpful. The stock performance of these companies will likely vary in the future depending on the measures taken.</li>
</ul>


Since all 9 companies have low foreign shareholding ratios due to the presence of large shareholders, a shortcut to increasing stock price performance is to increase the foreign shareholding ratio.
Unless it's feasible to reduce stake of major shareholders, the key will be to raise ROA, which is correlated with valuations, so growth policy and capital allocation must be clarified.
For long-term investors, continued increase in the % independent directors is also helpful. The stock performance of these companies will likely vary in the future depending on the measures taken.


Japan's Governance: About an Article on Companies to Which Transitional Measures Are Applied

TSE Tokyo Price Index TOPIX

Japan's Governance: About an Article on Companies to Which Transitional Measures Are Applied