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.

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

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

Patience Is Often Needed for Small- And Mid-Cap Company Engagements

Since Cash on Hand Will Not Decrease in FY2024, Shareholder Returns Remain a Hot Topic

Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals

Raising ROE May Require Raising Proxy Voting Guidelines

What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even companies with high valuations and return on capital have room to further raise their return on capital and valuations because of cash allocation challenges.</li>
<li>Companies whose valuations have not changed over the past year have low ROE and ROA, yet have high policy shareholdings. They have not taken steps to improve return on capital.</li>
<li>As for whether many companies without high foreign ownership can raise their return on capital and valuations, strong will of management to achieve their goals is necessary.</li>
</ul>


Even companies with high valuations and return on capital have room to further raise their return on capital and valuations because of cash allocation challenges.
Companies whose valuations have not changed over the past year have low ROE and ROA, yet have high policy shareholdings. They have not taken steps to improve return on capital.
As for whether many companies without high foreign ownership can raise their return on capital and valuations, strong will of management to achieve their goals is necessary.


The Key to Higher Valuations for Mid-To-Small Caps Is Management's Strong Will to Achieve Its Goals

TSE Tokyo Price Index TOPIX

The Key to Higher Valuations for Mid-To-Small Caps Is Management's Strong Will to Achieve Its Goals