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.

Skills Matrix Disclosures Give Us the Opportunity to See Through The "Sham Board, Disclosures"

No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing

AGM Is the Highest Body for a Company, but Have Japanese Companies Got Too Used to It Not Being So?

Japan's Governance: About the Article on Activist

Is It Really Better for Shareholders if NISSOL Remains a Subsidiary of Nippon Steel Corporation?

Japan's Governance: About an Article on Support for Activist Countermeasures

Parent-Subsidiary Listing Investment Strategy Update (5)

The Key to Dissolving Parent-Subsidiary Listings Is More Than Tighter TSE Rules

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>I discuss the article with the argument that "Companies that have moved to take drastic shareholder returns in response to activist investors' proposals have seen their share prices rise conspicuously.</li>
<li>When the stocks continues to slump and there are no positive factors to be found in a company's performance, corporate actions such as TOBs and shareholder returns are the focus.</li>
<li>Companies that move aggressively to shareholder returns only after being proposed by activist investors have't given much thought to cash allocation, cost of capital, and corporate value (shareholder return) before.</li>
</ul>


I discuss the article with the argument that "Companies that have moved to take drastic shareholder returns in response to activist investors' proposals have seen their share prices rise conspicuously.
When the stocks continues to slump and there are no positive factors to be found in a company's performance, corporate actions such as TOBs and shareholder returns are the focus.
Companies that move aggressively to shareholder returns only after being proposed by activist investors have't given much thought to cash allocation, cost of capital, and corporate value (shareholder return) before.


Japanese Companies Targeted by Activist Investors Not Thinking of Cash Allocation, Corporate Value?

TSE Tokyo Price Index TOPIX

Japanese Companies Targeted by Activist Investors Not Thinking of Cash Allocation, Corporate Value?