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.

Independence of BOD Is Necessary, but Can Independence of Subordinate Companies Really Be Ensured?

2 Rakuten Subsidiaries' Listings Run Counter to the Dissolution of Parent-Subsidiary Listings

Parent-Subsidiary Listing Strategy Expected to Be Even More Attractive

Let Fujitec's Case Be a Lesson to Companies and Investors in Japan

Passive Funds, Silent Shareholders, Are a Barrier to Corporate Governance

Dissolving the Parent-Subsidiary Listing Is a Powerful Way to Increase Valuations?

Who Is More Culpable, "Independent" Directors or or Domestic Institutions that Bias To the Company?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>As statements of reasonableness are disclosed with respect to subsidiary listings that are less than reasonable, further elimination of parent-subsidiary listings is expected to progress.</li>
<li>The issue of parent-subsidiary listings will to come under further scrutiny, as no fundamental solution can be expected even if formal system for ensuring independence of a subsidiary is established.</li>
<li>Extending disclosure to affiliate relationships is a commendable step forward not only for minority shareholders of dependent companies, but also for shareholders of the listed parent company.</li>
</ul>


As statements of reasonableness are disclosed with respect to subsidiary listings that are less than reasonable, further elimination of parent-subsidiary listings is expected to progress.
The issue of parent-subsidiary listings will to come under further scrutiny, as no fundamental solution can be expected even if formal system for ensuring independence of a subsidiary is established.
Extending disclosure to affiliate relationships is a commendable step forward not only for minority shareholders of dependent companies, but also for shareholders of the listed parent company.


Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings

TSE Tokyo Price Index TOPIX

Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings