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: Proposed Appropriation of Surplus at the Annual General Meeting of Shareholders

Japan's Governance: Unclear Medium-Term Management Plan - Kusuri No Aoki (3549)

Japan's Governance: Correlation Analysis Between Board Practice Factors and Value Creation Indices

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<p>This week marks the end of the peak period for financial reporting by companies with fiscal year end in March, followed by analyst meetings. Many companies review and update their mid-term management plans in conjunction with their full-year earnings announcements. There are still cases where companies announce KPIs that are somewhat difficult to understand. In some cases, they still announce KPIs that are somewhat difficult to understand: "While setting a target to increase ROE, we aim to maintain and improve the debt-equity ratio. As you all well know, in order to raise ROE and maintain/improve the debt-to-equity ratio at the same time, it is necessary to further increase the return on sales and/or the total asset turnover ratio. Therefore, when setting such conflicting goals, it is necessary to explain the path to achieving them in more detail than just profit margin and asset turnover.</p>

This week marks the end of the peak period for financial reporting by companies with fiscal year end in March, followed by analyst meetings. Many companies review and update their mid-term management plans in conjunction with their full-year earnings announcements. There are still cases where companies announce KPIs that are somewhat difficult to understand. In some cases, they still announce KPIs that are somewhat difficult to understand: "While setting a target to increase ROE, we aim to maintain and improve the debt-equity ratio. As you all well know, in order to raise ROE and maintain/improve the debt-to-equity ratio at the same time, it is necessary to further increase the return on sales and/or the total asset turnover ratio. Therefore, when setting such conflicting goals, it is necessary to explain the path to achieving them in more detail than just profit margin and asset turnover.

Japan's Governance: Mid-Term Management Plan and KPI

Tokyu Construction

Japan's Governance: Mid-Term Management Plan and KPI