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.

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

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

Fewer TOPIX Remaining Companies Show the Difficulty of Producing Convincing Disclosures

Meaningful If "P/B Below 1x" Is a Change of Mindset that Makes Managers Decide to Take an MBO

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even after the "TSE's request," the average P/B of listed companies has not increased. In addition, ROE, which can be considered a driver for corporate value expansion, has remained flat.</li>
<li>Japanese managers tend to be caught up in formalistic thinking about whether or not a company is listed, and whether or not it's listed on the highest market or not.</li>
<li>Instead of being caught up in formalistic thinking, I would like managers to seriously rethink the value of the company and what it means to be listed.</li>
</ul>


Even after the "TSE's request," the average P/B of listed companies has not increased. In addition, ROE, which can be considered a driver for corporate value expansion, has remained flat.
Japanese managers tend to be caught up in formalistic thinking about whether or not a company is listed, and whether or not it's listed on the highest market or not.
Instead of being caught up in formalistic thinking, I would like managers to seriously rethink the value of the company and what it means to be listed.


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

TSE Tokyo Price Index TOPIX

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