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: Raising Capital and Cost of Capital Awareness

Japan's Governance: Parent-Subsidiary Listing Dissolution and ROIC

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<p>Mercari (4385) on June 29th, DMG Mori Seiki (6141) on June 30th, and Sosei Group (4565) on July 7th, all announced the issuance of Euro-Yen convertible bonds one after another (there are still other small issues to be announced). Although each company is in a different industry and has a different background and reason for the issuance, it can be assumed that they have started to raise funds now that the stock market has recovered significantly from last year's lows and the business environment is looking post-COVID pandemic. It is expected that the issue of convertible bonds will continue in the future as companies want to raise funds while avoiding the immediate dilution of shareholder interests by issuing new shares.</p>

Mercari (4385) on June 29th, DMG Mori Seiki (6141) on June 30th, and Sosei Group (4565) on July 7th, all announced the issuance of Euro-Yen convertible bonds one after another (there are still other small issues to be announced). Although each company is in a different industry and has a different background and reason for the issuance, it can be assumed that they have started to raise funds now that the stock market has recovered significantly from last year's lows and the business environment is looking post-COVID pandemic. It is expected that the issue of convertible bonds will continue in the future as companies want to raise funds while avoiding the immediate dilution of shareholder interests by issuing new shares.

Japan's Governance: Convertible Bonds Issue