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.

Japan's Governance: CanDo (2698) Business Strategy Meeting

Japan's Governance: Kusuri No Aoki Holdings (3549): 2QFY5/2022 Financial Results Briefing

Japan's Governance: Hitachi Construction Machinery: Additional Notes and Ownership Factor

Japan's Governance: Hitachi Construction Machinery (6305): Extraordinary Briefing Session

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The focus of this article is on the company's announcement that it will buy back up to 10 billion yen (5.5 million shares, or 2.11% of the total outstanding shares).</li>
<li>Without explanation of how Brother will actually allocate the expected cash flow between investment and shareholder-return, it is impossible to fully answer why the amount was set at JPY10 billion.</li>
<li>Capital Allocation is not well explained, and not many investors are paying attention to our niche business, but we should get more attention because the company is a cash cow.</li>
</ul>


The focus of this article is on the company's announcement that it will buy back up to 10 billion yen (5.5 million shares, or 2.11% of the total outstanding shares).
Without explanation of how Brother will actually allocate the expected cash flow between investment and shareholder-return, it is impossible to fully answer why the amount was set at JPY10 billion.
Capital Allocation is not well explained, and not many investors are paying attention to our niche business, but we should get more attention because the company is a cash cow.


Japan's Governance: Brother Industries (6448): 3QFY3/2022 Meeting - Share Buybuck