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: Social and Human Rights

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<p>Every year, the World Economic Forum (WEF) releases the Gender Gap Index, which quantifies the disparity between men and women in each country. In the "Gender Gap Index 2021" released in March this year, Japan ranked 120th out of 156 countries surveyed (121st in the previous year). In terms of corporate governance, a survey of the universe companies by Metrical, mainly companies listed on the Tokyo Stock Exchange 1st Section, clearly shows how few female directors there are. As of the end of April 2021, of the 1,729 listed companies in the universe, 643 (37.2% of all universe companies) had no female directors, 676 (39.1%) had one female director, and only 410 (23.7%) had two or more female directors. </p>

Every year, the World Economic Forum (WEF) releases the Gender Gap Index, which quantifies the disparity between men and women in each country. In the "Gender Gap Index 2021" released in March this year, Japan ranked 120th out of 156 countries surveyed (121st in the previous year). In terms of corporate governance, a survey of the universe companies by Metrical, mainly companies listed on the Tokyo Stock Exchange 1st Section, clearly shows how few female directors there are. As of the end of April 2021, of the 1,729 listed companies in the universe, 643 (37.2% of all universe companies) had no female directors, 676 (39.1%) had one female director, and only 410 (23.7%) had two or more female directors. 

Japan's Governance: Gender Gap Index and Women Directors

TSE Tokyo Price Index TOPIX

Japan's Governance: Gender Gap Index and Women Directors