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.

Amidst Changes in Purpose of Policy Shareholdings, We Should Note Whether They Are Really Decreasing

Slow Policy Shareholdings Reduction Is Similar Backdrop to Unclear Nomination Process for Directors

Reducing Cross-Shareholdings Returns Companies to Basics of Sustained Growth in Shareholder Returns

Is the Gap Between the Skills Matrix and the Board Personnel Needed Widening?

In TSE as a Whole, There Are Far More Companies Whose Traditional Issues Have Not Been Resolved

Many Companies Still Consider Engagement with Investors to Be Someone Else's Business

What Lies Behind the Inability to Come up with Flexible Cash Usage Is

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The problem with cross-shareholdings is not simply that they weigh heavily on ROE and ROA improvement, but also that they do not create tension in management.</li>
<li>The degree of seriousness of the company's efforts to reduce policy shareholdings is a measure of the improvement in return on capital. The level of seriousness must be monitored.</li>
<li>The fact that there are inappropriate entries in the items required of prime market listed companies indicates that many companies are not suitable for prime market listed companies.</li>
</ul>


The problem with cross-shareholdings is not simply that they weigh heavily on ROE and ROA improvement, but also that they do not create tension in management.
The degree of seriousness of the company's efforts to reduce policy shareholdings is a measure of the improvement in return on capital. The level of seriousness must be monitored.
The fact that there are inappropriate entries in the items required of prime market listed companies indicates that many companies are not suitable for prime market listed companies.


Key to Look Carefully to See if What Is Disclosed Is Consistent with Profitability and Other Results

TSE Tokyo Price Index TOPIX

Key to Look Carefully to See if What Is Disclosed Is Consistent with Profitability and Other Results