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.

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If Japan Were Treasure Trove of Value Stocks, Global Investors Would Not Underweight Japanese Stocks

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>8 years after the introduction of Corporate Governance Code and "Ito Report," which showed the relationship between P/B and ROE as the cornerstone of management, few companies improved their management.</li>
<li>Companies with sustained share price growth were executing excellent growth policies and IR disclosures that were likely learned from their engagement with overseas investors.</li>
<li>It takes a certain period of time for a company to learn through engagement, for the results to show up in improved management, and for other investors to notice it.</li>
</ul>


8 years after the introduction of Corporate Governance Code and "Ito Report," which showed the relationship between P/B and ROE as the cornerstone of management, few companies improved their management.
Companies with sustained share price growth were executing excellent growth policies and IR disclosures that were likely learned from their engagement with overseas investors.
It takes a certain period of time for a company to learn through engagement, for the results to show up in improved management, and for other investors to notice it.


Learning Through Engagement Takes a Certain Period of Time to Show Results

TSE Tokyo Price Index TOPIX

Learning Through Engagement Takes a Certain Period of Time to Show Results