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.

Nominating Committee Is Becoming More Active in a Few Companies, but No Sign yet of Spreading to All

The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships

P/B Reform: Effective Disclosure to Include that “going Private" Is an Option

The Number of TOPIX Components Should Be More Reduced to Raise the Quality of Engagement, Though

TOPIX Revision May Be an Opportunity for Companies to Choose to Go Private

The Key Is to Achieve Sustainable Growth Through Continuous Business Portfolio Review

After the TSE "Engagement," It Is the Company Itself to Devise and Execute a Management Strategy

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While good for small-cap stocks to disclose stock price improvement plans, which is the minimum to be eligible for TOPIX, few global investors can invest in company of this size.</li>
<li>Since many Japanese small-cap companies have diversified businesses and compete with numerous companies for a market that is not large, forcing low profit margins, a market shakeout is necessary.</li>
<li>The key is whether small cap companes that are beyond the reach of overseas investor engagement can execute a business portfolio review on its own initiative.</li>
</ul>


While good for small-cap stocks to disclose stock price improvement plans, which is the minimum to be eligible for TOPIX, few global investors can invest in company of this size.
Since many Japanese small-cap companies have diversified businesses and compete with numerous companies for a market that is not large, forcing low profit margins, a market shakeout is necessary.
The key is whether small cap companes that are beyond the reach of overseas investor engagement can execute a business portfolio review on its own initiative.


Market Shakeout Should Come with Business Portfolio Restructuring Especially for Small-Cap Companies

TSE Tokyo Price Index TOPIX

Market Shakeout Should Come with Business Portfolio Restructuring Especially for Small-Cap Companies