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.

Is the Decline in Number of Listed Companies the Beginning of a Shift to Value-Creating Management?

Activist Investors with Increased AUM Will Also Likely Target Larger Companies for Investment

Easier to Raise Listing Criteria, but More Difficult to Encourage Growth of Companies Already Listed

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even if a company goes private due to listing costs, it is good for investors to shift to a more share price-conscious management in order to maintain the listing.</li>
<li>Many companies want to take over management rights with the founding family, but find it not easy to continue as a publicly traded company and consider going private.</li>
<li>New problems lie ahead in the coming years between founding families who chose MBO to inherit the management control of “family business” and MBO funds who have to Exit.</li>
</ul>


Even if a company goes private due to listing costs, it is good for investors to shift to a more share price-conscious management in order to maintain the listing.
Many companies want to take over management rights with the founding family, but find it not easy to continue as a publicly traded company and consider going private.
New problems lie ahead in the coming years between founding families who chose MBO to inherit the management control of “family business” and MBO funds who have to Exit.


MBOs Will Rise, Even if Companies and Funds Are Sleeping in the Same Bed but Having Different Dreams

TSE Tokyo Price Index TOPIX

MBOs Will Rise, Even if Companies and Funds Are Sleeping in the Same Bed but Having Different Dreams