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: Discussion of Ex-CEO Advisors Factor

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

Japan's Governance: Tsubaki Nakashima (6464) FY12/2021 Financial Results Analyst Meeting

Japan's Governance: Considerations Regarding Retirement of Treasury Stock

Japan's Governance: Prime Market Standard and Treasury Stock Retirement

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>This article is a follow-up to the previous one and will further explore how the ratio of foreign shareholders affects companies that have anti-takeover measures.</li>
<li>There is a correlation between the increase in the percentage of foreign shareholders and the decrease in the percentage in favor of the proposal to continue takeover defense measures.</li>
<li>Overseas investors invest in companies with high profitability even when investing in companies with anti-takeover, and portfolio companies tend to try to improve other practices while retaining takeover defense measures.</li>
</ul>


This article is a follow-up to the previous one and will further explore how the ratio of foreign shareholders affects companies that have anti-takeover measures.
There is a correlation between the increase in the percentage of foreign shareholders and the decrease in the percentage in favor of the proposal to continue takeover defense measures.
Overseas investors invest in companies with high profitability even when investing in companies with anti-takeover, and portfolio companies tend to try to improve other practices while retaining takeover defense measures.


Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio

TSE Tokyo Price Index TOPIX

Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio