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.

Interesting that the Buy Parent Company + Sell Subsidiary Trade Does Not Work

TSE's Request for Disclosure About Parent-Subsidiary Listings Is an Improvement, Not a Solution

Still Many "Parent-Subsidiary Listings" Keep to Provide Investment Opportunities for Inefficiencies

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Wouldn't the shareholders of Mitsubishi Chemical want to either TOB for the growth of the subsidiary or invest the cash from the sale of shares in a value-generating business?</li>
<li>It's difficult to exclude the influence of the parent company in business decisions that impact significantly on the parent's earnings and shareholding. Is continued parent-subsidiary listing desirable for subsidiary's shareholders?</li>
<li>The management of Nippon Sanso wants to continue the parent-subsidiary listing, but their small shareholding may make it difficult to manage the company from the same perspective as the shareholders.</li>
</ul>


Wouldn't the shareholders of Mitsubishi Chemical want to either TOB for the growth of the subsidiary or invest the cash from the sale of shares in a value-generating business?
It's difficult to exclude the influence of the parent company in business decisions that impact significantly on the parent's earnings and shareholding. Is continued parent-subsidiary listing desirable for subsidiary's shareholders?
The management of Nippon Sanso wants to continue the parent-subsidiary listing, but their small shareholding may make it difficult to manage the company from the same perspective as the shareholders.


Ownership of Company Stock Is a Key in Managing the Company with the Same Goals as Shareholders

Nippon Sanso Holdings

Ownership of Company Stock Is a Key in Managing the Company with the Same Goals as Shareholders