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.

Gap in Response to Disclosures in English Compared to the Growing Presence of Overseas Investors

English Language Disclosure Will Raise Investment of Overseas Investors and Lead to Higher Valuation

Doesn't Cooperation Rather than Competition Slow the Pace of Improvement in Disclosure in English?

Improved Profitability to Attract Overseas Investors Key to Raise Valuation Even After TSE's Request

A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>TSE's policy this time is to further raise the simultaneous disclosure of Japanese and English, which is less than 50% even for financial statements disclosed in English the most.</li>
<li>The challenges are that high-demand documents aren't disclosed in English, only a part of the original text is translated, and there is time lag until they are disclosed in English.</li>
<li>Differences in English language disclosure efforts are related to the percentage of shares held by overseas investors and are reflected in differences in valuations.</li>
</ul>


TSE's policy this time is to further raise the simultaneous disclosure of Japanese and English, which is less than 50% even for financial statements disclosed in English the most.
The challenges are that high-demand documents aren't disclosed in English, only a part of the original text is translated, and there is time lag until they are disclosed in English.
Differences in English language disclosure efforts are related to the percentage of shares held by overseas investors and are reflected in differences in valuations.


Simultaneous Disclosure in Japanese and English Is the Immediate Goal

TSE Tokyo Price Index TOPIX

Simultaneous Disclosure in Japanese and English Is the Immediate Goal