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.

Market Shakeout Should Come with Business Portfolio Restructuring Especially for Small-Cap Companies

Nominating Committee Is Becoming More Active in a Few Companies, but No Sign yet of Spreading to All

The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships

Japan's Governance: TOPIX Reform Update (2) - Change in Calculation Method of Floating Share Ratio

Criteria for TOPIX Components and Prime Market Listing Criteria Should Be Discussed Separately

Is Engagement Functioning Well with The "Engagement-Enhanced Passive" Approach Adopted by GPIF?

Even if Proper Nomination Process Is Skipped, It May Be Considered Better than Zero Women Directors

Diversity Is a Goal of Effort Left to a Company with a Sideways Eye on the Government's Seriousness

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The cost is somewhat reduced for the user because of the higher weighting of more liquid stocks. Meanwhile, selling pressure is inevitable for less liquid companies whose weights are reduced.</li>
<li>Even if the number of stocks decreases, 1,200 stocks isn't small number. Also, even though the market capitalization of the components has increased, approximately 73 billion yen isn't sufficiently liquid.</li>
<li>With calls for increased engagement, the number of issues remains too large for domestic asset managers, where passive funds account for a high percentage of AUM.</li>
</ul>


The cost is somewhat reduced for the user because of the higher weighting of more liquid stocks. Meanwhile, selling pressure is inevitable for less liquid companies whose weights are reduced.
Even if the number of stocks decreases, 1,200 stocks isn't small number. Also, even though the market capitalization of the components has increased, approximately 73 billion yen isn't sufficiently liquid.
With calls for increased engagement, the number of issues remains too large for domestic asset managers, where passive funds account for a high percentage of AUM.


The Number of TOPIX Components Should Be More Reduced to Raise the Quality of Engagement, Though

TSE Tokyo Price Index TOPIX

The Number of TOPIX Components Should Be More Reduced to Raise the Quality of Engagement, Though