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.

Companies Have Begun to Be Aware of Cash Flow, but the Reality Is that It Doesn't Produce Results

Is the High Volatility of Japanese Equities Only Due to Their Small Market Capitalization?

Will the Timing of the BOJ ETF Exit Be Revealed in December?

What Is the Effective Way to Ensure That "TSE Request" Does Not End up Being a Formal Disclosure?

Will the Creation of a Private Stock Market Help Accelerate Industry Restructuring?

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

Companies that Don't Have Growth Plans but Are Competitive in a Specific Market Are Targeted for MBO

Companies with High Stock Valuations and High Profitability Will Increasingly Attract Investment

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Listing criteria for TSE Growth Market will be raised to over 4 billion yen in market capitalization after 10 years of listing, but the details are left for further discussion.</li>
<li>It is necessary to provide opportunities for founders to exit and recover their capital without relying on an IPO, for example by creating a market for unlisted shares.</li>
<li>Switching to a policy of using cash for shareholder returns because of the inability to comply with TSE Growth Market listing maintenance standards is not a fundamental solution.</li>
</ul>


Listing criteria for TSE Growth Market will be raised to over 4 billion yen in market capitalization after 10 years of listing, but the details are left for further discussion.
It is necessary to provide opportunities for founders to exit and recover their capital without relying on an IPO, for example by creating a market for unlisted shares.
Switching to a policy of using cash for shareholder returns because of the inability to comply with TSE Growth Market listing maintenance standards is not a fundamental solution.


Management Mindset of Believing that Company Growth Is Not the Main Objective Is Hindering Growth

TSE Tokyo Price Index TOPIX

Management Mindset of Believing that Company Growth Is Not the Main Objective Is Hindering Growth