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.

Unreasonable Company Opposition, but No Change in Outlook for Shareholder Proposals to Be Rejected

What Should a Japanese Company Do to Raise Profit Margin, a Prerequisite for Higher ROE?

Need to Think About How to Make the Market a Place Where Young and Mature Generations Want to Invest

Japan's Governance: Foreign Shareholder Ownership and Governance Factors

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio

Japan's Governance: Considerations Regarding Retirement of Treasury Stock

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>11 of 14 corporate governance criteria confirmed the significance of % foreign shareholder. In particular, 9 of 14 criteria showed progress in their efforts due to engagement of overseas investors.</li>
<li>Overseas investors are concerned about whether the interests of minority shareholders can be secured in companies with large shareholders, such as listed subsidiaries, and whether governance will function properly.</li>
<li>As for the independence of the Nominating and Compensation Committee, which didn't show significant correlation with % of foreign shareholders, it's still beyond the power of engagement by overseas investors.</li>
</ul>


11 of 14 corporate governance criteria confirmed the significance of % foreign shareholder. In particular, 9 of 14 criteria showed progress in their efforts due to engagement of overseas investors.
Overseas investors are concerned about whether the interests of minority shareholders can be secured in companies with large shareholders, such as listed subsidiaries, and whether governance will function properly.
As for the independence of the Nominating and Compensation Committee, which didn't show significant correlation with % of foreign shareholders, it's still beyond the power of engagement by overseas investors.


Overseas Investors Have Done a Great Deal to Improve the Governance of Japanese Companies, But...

TSE Tokyo Price Index TOPIX

Overseas Investors Have Done a Great Deal to Improve the Governance of Japanese Companies, But...