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.

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Although unavoidable under the provisions of Broadcasting Act, the fact that the right to receive dividends as interest-bearing securities was inhibited was problematic in terms of fairness with other shareholders.</li>
<li>NTV Holdings, which has ignored this issue, changes its policy, which is a positive impact of "TSE's request," but NTV's seriousness can be measured by whether it raises its ROE.</li>
<li>If the intention is to leave cross-shareholdings intact and attract overseas investor purchases through some share repurchases, there would be little prospect of a serious increase in ROE.</li>
</ul>


Although unavoidable under the provisions of Broadcasting Act, the fact that the right to receive dividends as interest-bearing securities was inhibited was problematic in terms of fairness with other shareholders.
NTV Holdings, which has ignored this issue, changes its policy, which is a positive impact of "TSE's request," but NTV's seriousness can be measured by whether it raises its ROE.
If the intention is to leave cross-shareholdings intact and attract overseas investor purchases through some share repurchases, there would be little prospect of a serious increase in ROE.


NTV's Change of Policy Is a Positive Effect Of TSE's Request, But Its Seriousness Will Be Tested Now

Nippon Television

NTV's Change of Policy Is a Positive Effect Of TSE's Request, But Its Seriousness Will Be Tested Now