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.

Only 20% of Current CEOs in Japan Expected to Have a Female CEO Within 10 Years

% of Female Board Members Asks "Seriousness" Of Improving Profitability and Governance Etc.

Meaningful If "P/B Below 1x" Is a Change of Mindset that Makes Managers Decide to Take an MBO

Too Many Portfolio Companies Is One of the Reasons for Not Enough Engagement

At the Root of the Diversity Issue Is Traditional Familism in Society and the Workplace

Companies with over 50% Independent Directors Have High Profitability and Stock Valuations

Disclosure of Management Strategies with Cost of Capital and Stock Price in Mind Is Still Limited

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The groups with over 30% female board members and 25%-30% have higher percentage of foreign shareholders, suggesting that overseas investor engagement drives raising the ratio and that awareness is high.</li>
<li>Groups with 0% female board members include small companies and are distant from overseas investor engagement, but are unlikely to improve practices substantially, given that they have no female executives.</li>
<li>The group with over 30% female board members had noticeably higher ROE and Tobin'sQ than those with 25%-30%, which suggests that the high ROE was highly valued by overseas investors.</li>
</ul>


The groups with over 30% female board members and 25%-30% have higher percentage of foreign shareholders, suggesting that overseas investor engagement drives raising the ratio and that awareness is high.
Groups with 0% female board members include small companies and are distant from overseas investor engagement, but are unlikely to improve practices substantially, given that they have no female executives.
The group with over 30% female board members had noticeably higher ROE and Tobin'sQ than those with 25%-30%, which suggests that the high ROE was highly valued by overseas investors.


% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

TSE Tokyo Price Index TOPIX

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices