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.

Quarterly Reporting Review Results in Reliability in F/S Between Larger and Smaller Companies

The Hurdles to Achieving Early Submission of Annual Securities Reports Before AGM Dates Are High

Private Equity Investment Managers Are Benefiting the Most from “Revised Disclosure Company List”

Unification of Quarterly Reports Will Further Increase the Role of TSE

Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate

It's Unreasonable to Hope for Higher Stock Prices While Being Reluctant to Disclose Information

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The number of days to disclose first- and third-quarter financial results was 37.0 days, roughly the same timing as the previous year, regardless of whether reviews were conducted or not.</li>
<li>The larger market capitalization companies are more likely to conduct voluntary reviews, and the larger market capitalization companies are more positive about ensuring the reliability of their disclosure information.</li>
<li>Despite a slight increase from the previous year, only a little more than 10% of all companies disclosed cash flow statements in the first and third quarters.</li>
</ul>


The number of days to disclose first- and third-quarter financial results was 37.0 days, roughly the same timing as the previous year, regardless of whether reviews were conducted or not.
The larger market capitalization companies are more likely to conduct voluntary reviews, and the larger market capitalization companies are more positive about ensuring the reliability of their disclosure information.
Despite a slight increase from the previous year, only a little more than 10% of all companies disclosed cash flow statements in the first and third quarters.


No Disruption in Quarterly Disclosure Review, but a Few Companies Disclosed CF Statements in 1Q & 3Q

TSE Tokyo Price Index TOPIX

No Disruption in Quarterly Disclosure Review, but a Few Companies Disclosed CF Statements in 1Q & 3Q