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: Tsubaki Nakashima (6464) FY12/2021 Financial Results Analyst Meeting

Japan's Governance: Articles About Zojirushi Corporation (7965)'s General Meeting of Shareholders

Japan's Governance: Articles About Torii Pharmaceutical's Annual General Meeting of Shareholders

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio

Japan's Governance: Discussion of Ex-CEO Advisors Factor

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>This article focuses on whether or not a company has takeover defense measures, and conducts further analysis in the evaluation items of Profile, Key Performance Indicators and Corporate Governance Practices.</li>
<li>Since the presence or absence of anti-takeover measures wasn't significantly correlated with other board practices, they stand apart from improving efforts in other practices and maintain as an independent policy.</li>
<li>Companies with anti-takeover show negative correlations with asset/capital efficiency, capital allocation and communication with investors, so companies should be watched if this is related to their inferior ROE and ROA.</li>
</ul>


This article focuses on whether or not a company has takeover defense measures, and conducts further analysis in the evaluation items of Profile, Key Performance Indicators and Corporate Governance Practices.
Since the presence or absence of anti-takeover measures wasn't significantly correlated with other board practices, they stand apart from improving efforts in other practices and maintain as an independent policy.
Companies with anti-takeover show negative correlations with asset/capital efficiency, capital allocation and communication with investors, so companies should be watched if this is related to their inferior ROE and ROA.


Japan's Governance: Considerations for Takeover Defense Measures (3)

TSE Tokyo Price Index TOPIX

Japan's Governance: Considerations for Takeover Defense Measures (3)