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 First Step in Major Shift in Management Strategy Is for Sapporo to Sell Its Cross-Shareholdings

Can Drastic Governance Reform Be Postponed While Performance Expands?

Is TSE Being Too Strict with the Honor Students and Too Lenient with the Underdogs?

Japan's Governance: Major Shareholder Factor

Japan's Governance: Parent-Subsidiary Listing Investment Strategy Update (4)

The Question of Whether the Parent Company Was Aware of Legal Compliance and Corporate Governance

Companies Should Communicate Their Human Resources Strategy Rather than Detailed Disclosure Rules

Activist Investors Will Grow Their Presence, as Japanese Equities Would Be Good Fit for The Approach

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Correlation analysis of the major shareholder factor with ROE, ROA, and Tobin's Q shows that founding family companies tend to have relatively high profitability (ROA) and high stock price valuations.</li>
<li>On board practices, companies with more than 50% ownership are generally less concerned about improving their practices, because they don't have to worry as much about voices of minority shareholders.</li>
<li>With regard to key actions, companies with shareholders holding more than 50% interest are presumed to be proactive in growth investments.</li>
</ul>


Correlation analysis of the major shareholder factor with ROE, ROA, and Tobin's Q shows that founding family companies tend to have relatively high profitability (ROA) and high stock price valuations.
On board practices, companies with more than 50% ownership are generally less concerned about improving their practices, because they don't have to worry as much about voices of minority shareholders.
With regard to key actions, companies with shareholders holding more than 50% interest are presumed to be proactive in growth investments.


Reason Behind the Difference in Management Between Family Companies and Others Is the Shareholding

TSE Tokyo Price Index TOPIX

Reason Behind the Difference in Management Between Family Companies and Others Is the Shareholding