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

Japan's Governance: How Far Has Corporate Governance Progressed in 2021 (2)

Japan's Governance: About the Article on Capital Increase in 2021

Japan's Governance: Takeover Defense Provisions

Japan's Governance: What Kind of Firm Adopts Takeover Defenses? What Is the Stock Price Performance?

Japan's Governance: Takeover Defense Update

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It would be reasonable to hypothesize that companies with takeover defense measures generally lack a clear growth policy and fail to communicate such a growth policy to investors.</li>
<li>With regard to Growth Policy and Capital Allocation Policy and Disclosures, the analysis of companies with and without anti-takeover measures revealed a clear difference.</li>
<li>Companies with anti-takeover lack robust growth policy and capital allocation to increase corporate value and fail to communicate the policy to investors, resulting in lower foreign shareholders, low market cap.</li>
</ul>


It would be reasonable to hypothesize that companies with takeover defense measures generally lack a clear growth policy and fail to communicate such a growth policy to investors.
With regard to Growth Policy and Capital Allocation Policy and Disclosures, the analysis of companies with and without anti-takeover measures revealed a clear difference.
Companies with anti-takeover lack robust growth policy and capital allocation to increase corporate value and fail to communicate the policy to investors, resulting in lower foreign shareholders, low market cap.


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

TSE Tokyo Price Index TOPIX

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