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 Starting Point Is to Set "Sustainable Expansion of Corporate Value" As a Management Goal

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

TSE Should Shift Its Business Model from Growing Number of Listed Companies to Expanding Market Cap

A Shortcut to a Solution Is to Specify in Corporate Governance Code the ％ of Women to Be Promoted

Company with US Type of 3 Committees and Independent Director Chairing BOD Is the Litmus Test

ROE up Modestly, but ROE Plus DOE Is Expected to Reach a Record High This Fiscal Year

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The increase in the number of companies adopting restricted stock is a positive development, but the bias toward fixed remuneration and the non-disclosure of individual director compensation are unsolved issues.</li>
<li>It's ironic that 90% investors see ROE as equal to or lower than the cost of capital, while 93% companies know their cost of capital but only 2.3% disclose it.</li>
<li>If affiliated companies with 20% shareholdings are included, there are still large number of companies covered (36.7% in the prime market), and "parent-subsidiary listings" continue to be a hot topic.</li>
</ul>


The increase in the number of companies adopting restricted stock is a positive development, but the bias toward fixed remuneration and the non-disclosure of individual director compensation are unsolved issues.
It's ironic that 90% investors see ROE as equal to or lower than the cost of capital, while 93% companies know their cost of capital but only 2.3% disclose it.
If affiliated companies with 20% shareholdings are included, there are still large number of companies covered (36.7% in the prime market), and "parent-subsidiary listings" continue to be a hot topic.


Overseas Investor Engagement Plays a Significant Role in Substantive Governance Enhancements

TSE Tokyo Price Index TOPIX

Overseas Investor Engagement Plays a Significant Role in Substantive Governance Enhancements