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.

Parent-Subsidiary Listing Investment Strategy Update (5)

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The TOB of Daibiru was aimed at bringing in stable earnings from building leasing business to the parent company, and Daibiru's undervalued stock price made it easy to TOB.</li>
<li>Uchida Esco has higher business growth potential and higher profit margins than its parent company, which is the reason behind this case. This is the most common case in TOBs.</li>
<li>If NTT DATA's overseas businesses are strengthened through the restructuring in the NTT Group, the TOB of the listed subsidiary will be likely to occur in future.</li>
</ul>


The TOB of Daibiru was aimed at bringing in stable earnings from building leasing business to the parent company, and Daibiru's undervalued stock price made it easy to TOB.
Uchida Esco has higher business growth potential and higher profit margins than its parent company, which is the reason behind this case. This is the most common case in TOBs.
If NTT DATA's overseas businesses are strengthened through the restructuring in the NTT Group, the TOB of the listed subsidiary will be likely to occur in future.


Japan's Governance: Parent-Subsidiary Listing Investment Strategy Update (3)

NTT Data Corp

Japan's Governance: Parent-Subsidiary Listing Investment Strategy Update (3)