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.

Japan's Gender Gap Index Remains Low. Power to Change the Existing Structure Is Still Invisible.

Mandatory Disclosure of Gender Wage Differentials Is Still a First Step

The Key to Creating Added Value Is to Shift to Management that Values Human Resources

Are Japanese Stocks Undervalued or Is There a Reason for Stagnant Valuations?

Reason for the Declining Concentration of June AGM Dates in Japan Is Likely Mixed

The Light and Dark Sides of the Creation of the TSE Prime Market Make Us Think Again

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Of course, When the BOJ's ETF purchases were active, there were concerns about their impact on stock price formation, but now the impact is much smaller.</li>
<li>However, the BOJ has a presence in listed companies as a silent major shareholder, it is highly questionable whether its voting rights are being properly exercised.</li>
<li>While the silent major shareholder exists, overseas investors have played major role in enhancing corporate governance. In addition to cross-shareholding structures, they also have to contend with the silent shareholder.</li>
</ul>


Of course, When the BOJ's ETF purchases were active, there were concerns about their impact on stock price formation, but now the impact is much smaller.
However, the BOJ has a presence in listed companies as a silent major shareholder, it is highly questionable whether its voting rights are being properly exercised.
While the silent major shareholder exists, overseas investors have played major role in enhancing corporate governance. In addition to cross-shareholding structures, they also have to contend with the silent shareholder.


Share Buybacks Exceed BOJ's ETF Purchases, but BOJ's Presence Is Significant in Another Aspect

TSE Tokyo Price Index TOPIX

Share Buybacks Exceed BOJ's ETF Purchases, but BOJ's Presence Is Significant in Another Aspect