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: What Kind of Firm Adopts Takeover Defenses? What Is the Stock Price Performance?

Japan's Governance: What's Behind the Underperformance of Companies with Takeover Defenses?

Japan's Governance: How Far Has Corporate Governance Progressed in 2021? (1)

Japan's Governance: TSE Prime Market Listing Standards and % of Independent Directors

Japan's Governance: TSE Market Reclassification and Transitional Measures (3): Geechs (7060)

Japan's Governance: Takeover Defense Provisions

Japan's Governance: TSE Market Reclassification and Transitional Measures (2):Sakai Heavy Industries

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Of the companies that have proposed anti-takeover measures on their shareholder agenda since 2014, 42% have withdrawn their anti-takeover measures.</li>
<li>There is clear difference in performance between companies that still have anti-takeover measures and those that have dropped the measures, and there is also clear difference in corporate governance practices</li>
<li>The market capitalization of companies that still have anti-takeover provisions is small. This would relate to combination of factors such as lack of robust growth strategy and communications to investors.</li>
</ul>


Of the companies that have proposed anti-takeover measures on their shareholder agenda since 2014, 42% have withdrawn their anti-takeover measures.
There is clear difference in performance between companies that still have anti-takeover measures and those that have dropped the measures, and there is also clear difference in corporate governance practices
The market capitalization of companies that still have anti-takeover provisions is small. This would relate to combination of factors such as lack of robust growth strategy and communications to investors.


Japan's Governance: Takeover Defense Update

TSE Tokyo Price Index TOPIX

Japan's Governance: Takeover Defense Update