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: Prime Market Selection and Corporate Governance Initiatives

Japan's Governance: Has Corporate Governance of Companies that Have Chosen Prime Market Improved?

Japan's Governance: Electronic Voting Platform

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

Japan's Governance: Do Profitable Companies Improve Corporate Governance?

Japan's Governance: Parent-Subsidiary Listing Investment Strategy Update (4)

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>This article examines changes in corporate governance practices of 1,713 as well as changes in market caps, viewing the improvement in profitability as a change in ROA.</li>
<li>While ROA improvements haven’t motivated board practices to improve, they've tended to pay more attention to use of cash in key actions, but are somewhat biased toward shareholder-returns than investments.</li>
<li>Lower valuations were the main reason for the largest declines in market capitalization for the companies with the largest improvements in ROA over the last 13 months.</li>
</ul>


This article examines changes in corporate governance practices of 1,713 as well as changes in market caps, viewing the improvement in profitability as a change in ROA.
While ROA improvements haven’t motivated board practices to improve, they've tended to pay more attention to use of cash in key actions, but are somewhat biased toward shareholder-returns than investments.
Lower valuations were the main reason for the largest declines in market capitalization for the companies with the largest improvements in ROA over the last 13 months.


Japan's Governance: Do Companies Improve Their Corporate Governance when Profitability Improves?

TSE Tokyo Price Index TOPIX

Japan's Governance: Do Companies Improve Their Corporate Governance when Profitability Improves?