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.

Interest Will Be Focused on when the TSE Will Begin Cleaning up the Prime Market

It Is Hoped that the Content of Shareholder Meetings Will Be Enhanced in the Future

Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies

Don't Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

Isn't the Reason for More Share Buyback Disclosures Before the AGMs to Avoid Discussion by Managers?

Certainly the Increase in Share Repurchases Is to Be Commended, But......

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It can be said that companies that do not specify cash allocation and only execute shareholder return, thus encouraging shareholders to find and invest in reinvestment targets on their own.</li>
<li>Since the stock valuations of companies as a whole haven't increased, investment capital has gone to a few companies with high profitability, raising gap between profitability and valuations among companies. </li>
<li>If the information asymmetry between management and investors could be bridged, even changes in the capital structure could have an impact on stock prices.</li>
</ul>


It can be said that companies that do not specify cash allocation and only execute shareholder return, thus encouraging shareholders to find and invest in reinvestment targets on their own.
Since the stock valuations of companies as a whole haven't increased, investment capital has gone to a few companies with high profitability, raising gap between profitability and valuations among companies. 
If the information asymmetry between management and investors could be bridged, even changes in the capital structure could have an impact on stock prices.


Simply Returning Profits to Shareholders Will Increase Gap in Valuations Among Companies

TSE Tokyo Price Index TOPIX

Simply Returning Profits to Shareholders Will Increase Gap in Valuations Among Companies