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: 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

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

Japan's Governance: From "Status of Compliance with the Corporate Governance Code" Disclosed by TSE

Japan's Governance: Prime Market Standard and Treasury Stock Retirement

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The frequency of share repurchases is highly correlated not only with ROE and ROA, but also with changes in market capitalization, regardless of whether the stock is undervalued or not.</li>
<li>Since the frequency of share retirements was found to be correlated with key board practices, I examined hypothesis that an improvement in board practices would have positive impact on actions.</li>
<li>As a result of focusing on ％ independent directors, key to ensuring the transparency of board, it was confirmed that ％ independent directors has significant positive correlation with many actions.</li>
</ul>


The frequency of share repurchases is highly correlated not only with ROE and ROA, but also with changes in market capitalization, regardless of whether the stock is undervalued or not.
Since the frequency of share retirements was found to be correlated with key board practices, I examined hypothesis that an improvement in board practices would have positive impact on actions.
As a result of focusing on ％ independent directors, key to ensuring the transparency of board, it was confirmed that ％ independent directors has significant positive correlation with many actions.


Japan's Governance: Considerations Regarding Retirement of Treasury Stock

TSE Tokyo Price Index TOPIX

Japan's Governance: Considerations Regarding Retirement of Treasury Stock