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: Brother Industries (6448): 3QFY3/2022 Meeting - Share Buybuck

Japan's Governance: Hitachi Construction Machinery (6305): Extraordinary Briefing Session

Japan's Governance: Parent-Subsidiary Listing and Hitachi Construction Machinery (6305): Update

Japan's Governance: After the Dissolution of the Parent-Subsidiary Listing: Maxell (6810)

Japan's Governance: Komatsu (6301) ESG Presentation

Japan's Governance: Corporate Governance Evaluation of Pharmaceutical Companies

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>More important than the continuity of the Hitachi brand is how HCM can increase the competitive advantage of its products and how quickly it can respond to changes in market.</li>
<li>Changes in major shareholders and the presence of major shareholders have been shown to have statistically significant correlations in ROA, Tobin's q (and changes in market capitalization).</li>
<li>The existence of the Ownership factor doesn’t necessarily predict the future of HCM, but in construction equipment market with strong competition, having a reliable partner is encouraging in business decisions.</li>
</ul>


More important than the continuity of the Hitachi brand is how HCM can increase the competitive advantage of its products and how quickly it can respond to changes in market.
Changes in major shareholders and the presence of major shareholders have been shown to have statistically significant correlations in ROA, Tobin's q (and changes in market capitalization).
The existence of the Ownership factor doesn’t necessarily predict the future of HCM, but in construction equipment market with strong competition, having a reliable partner is encouraging in business decisions.


Japan's Governance: Hitachi Construction Machinery: Additional Notes and Ownership Factor