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.

The Key to Higher ROE Is Higher Profit Margins and Faster Efforts by Smaller Companies

Adopting DOE Is Step Forward, but Explanation Needed to Step into Strategic Allocation of Cash Flow

Determine Whether Shareholder Return Is a Temporary Measure or a Shift to Value-Creating Management

Why Are Companies with High Corporate Governance Practices Ratings More Profitable?

More Companies Will Choose to Go Private Because They Can't Find an Effective Use for Their Cash

Engagement Keeps Widening the Profitability Gap Between the Top and Bottom Companies in Market Cap

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since companies with higher foreign ownership have better profitability and corporate governance practices, it can be inferred that the overseas investor engagement has improved the company's profitability and corporate governance.</li>
<li>If the company's management has changed to value-creating management through the overseas investor's engagement, the company isn’t expected to change to value-creating management in just one year after "TSE's request".</li>
<li>Many companies that do not receive overseas investor engagement have more room for improvement in aspects of management strategy execution and will be evaluated over time for improvements in profitability.</li>
</ul>


Since companies with higher foreign ownership have better profitability and corporate governance practices, it can be inferred that the overseas investor engagement has improved the company's profitability and corporate governance.
If the company's management has changed to value-creating management through the overseas investor's engagement, the company isn’t expected to change to value-creating management in just one year after "TSE's request".
Many companies that do not receive overseas investor engagement have more room for improvement in aspects of management strategy execution and will be evaluated over time for improvements in profitability.


Only Seriousness of Shareholder Return Can Judge Change in Management in 1 Year After TSE's Request

TSE Tokyo Price Index TOPIX

Only Seriousness of Shareholder Return Can Judge Change in Management in 1 Year After TSE's Request