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.

Preparation in Advance for In-Depth Discussions Is Important for Both Investors and Managers

The ％ of Female Board Members Exceeding 30% Shows Whether the Company Is Truly Pursuing Diversity

Investors Do Not Want to See A "P/B Improvement Plan" That Follows a Template

ROE Isn't Rising Because Managers Don't Think of the Value of the Company and Meaning of the Listing

The Problem Is that Companies that Don't Want to Do Disclosure in English Are Listed on Prime Market

The Fruit of TSE Market Reorganization Was the Creation of Prime Market with 600 Fewer Companies

Valuations Will Rise when the Management Changes To "Maximizing Shareholder Interest"

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The baseless confidence of the 177 companies that finally moved to Standard Market that their market capitalization would increase in18 months was nothing more than a waste of time.</li>
<li>It is fine for a company to aim to be listed on the highest prime market, but high shareholder returns and quality management must come first.</li>
<li>If the listing criteria for prime market was JPY100 billion market capitalization, the gap with investors who initially expected prime market before the market restructuring would have been much smaller.</li>
</ul>


The baseless confidence of the 177 companies that finally moved to Standard Market that their market capitalization would increase in18 months was nothing more than a waste of time.
It is fine for a company to aim to be listed on the highest prime market, but high shareholder returns and quality management must come first.
If the listing criteria for prime market was JPY100 billion market capitalization, the gap with investors who initially expected prime market before the market restructuring would have been much smaller.


Prime Market Is Still the Market with the Most Listed Companies Even After 171 Companies Are Removed

TSE Tokyo Price Index TOPIX

Prime Market Is Still the Market with the Most Listed Companies Even After 171 Companies Are Removed