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.

TSE's "Request" Is a Catalyst for a Final Decision on the Foundation of Years of Engagement

To Be Selected by Global Investors as an Investment Target, Increasing Cash Flow Is Crucial

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

A New Type Of "Deemed Shareholding" Has Emerged!

Reducing Cross Shareholdings Is Necessary to Increase the Effectiveness of Engagement

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>TSE growth market, which institutional investors distance themselves from due to its low liquidity, is a market where gamblers who focus on price movements gobble up one IPO after another.</li>
<li>To convert users from gamblers to investors, companies with long-term growth potential should be listed. Raising the market capitalization criteria for Growth Market could improve the quality of IPOs.</li>
<li>Meanwhile, in order to improve the quality of the TSE Growth Market, existing listed companies should consider going private through an MBO.</li>
</ul>


TSE growth market, which institutional investors distance themselves from due to its low liquidity, is a market where gamblers who focus on price movements gobble up one IPO after another.
To convert users from gamblers to investors, companies with long-term growth potential should be listed. Raising the market capitalization criteria for Growth Market could improve the quality of IPOs.
Meanwhile, in order to improve the quality of the TSE Growth Market, existing listed companies should consider going private through an MBO.


Smaller PE Funds May Have Opportunities to Invest in MBOs of TSE Growth Market Companies

TSE Tokyo Price Index TOPIX

Smaller PE Funds May Have Opportunities to Invest in MBOs of TSE Growth Market Companies