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.

Golden Egg Was Not Lost, but How Long Can Keisei Electric Railway Buy Time?

Keisei Electric Railway's Problems Are Part of a Cross-Shareholding Dissolution Process

Keisei Electric Rail (9009): For Relative Value Trade

More Companies Submitted Shareholder Proposals, but All Were Rejected. Where Is the Problem?

Investors Are Valuing Equities Thinking that Managers Are Still Slow to Put Cash to Good Use?

To Raise ROE, Breaking Away from Familiar Relationships and Creating Tension in Management Is Key

Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>With ISS's plan to resume ROE criteria and TSE's mention of P/B, more shareholder proposals calling for stronger shareholder returns due to stagnant stock prices and ROEs can be expected.</li>
<li>Since over 30% of listed companies have major shareholders holding 20% or more of their interests, the voting behavior of domestic institutions is key to the passage of shareholder proposals.</li>
<li>With TSE's disclosure request regarding the significance of parent-subsidiary listings, this matter will become another focus of the AGM in business portfolio reform and securing the interests of minority shareholders.</li>
</ul>


With ISS's plan to resume ROE criteria and TSE's mention of P/B, more shareholder proposals calling for stronger shareholder returns due to stagnant stock prices and ROEs can be expected.
Since over 30% of listed companies have major shareholders holding 20% or more of their interests, the voting behavior of domestic institutions is key to the passage of shareholder proposals.
With TSE's disclosure request regarding the significance of parent-subsidiary listings, this matter will become another focus of the AGM in business portfolio reform and securing the interests of minority shareholders.


Shareholder Proposals Likely a Focus at 2024 AGM Are ROE, P/B, and Parent-Subsidiary Listings

TSE Tokyo Price Index TOPIX

Shareholder Proposals Likely a Focus at 2024 AGM Are ROE, P/B, and Parent-Subsidiary Listings