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.

Big Gap Between Companies that “don't Have a Gap in Investors' Viewpoints” and Those that Don't

Will the Legal Reform of Substantial Shareholder Disclosure Change the Voting Practices?

Now Is the Time to Turn the Slowdown in Profit Growth into an Opportunity

"Danger Past, God Forgotten" How Long Will the Effect of TSE's Request Last?

Growth Policy Score Improved with the Request to Raise P/B, but Other Criteria Are in the Process

Improvements Have Expired in Criteria Related to the 2019 Corporate Governance Code Revision

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In Japan, where there’s strong peer pressure, people are reluctant to do something before someone else does, and tend to follow the trend once the majority of formality is known.</li>
<li>When numbers are specified and rules are established, Japanese companies tend to scramble to match the numbers. Thus, many companies have not voluntarily improved their board practices.</li>
<li>There're companies that only have good board practices but aren't generating value .Therefore, we should focus on whether they are doing actions that create value in addition to board practices.</li>
</ul>


In Japan, where there’s strong peer pressure, people are reluctant to do something before someone else does, and tend to follow the trend once the majority of formality is known.
When numbers are specified and rules are established, Japanese companies tend to scramble to match the numbers. Thus, many companies have not voluntarily improved their board practices.
There're companies that only have good board practices but aren't generating value .Therefore, we should focus on whether they are doing actions that create value in addition to board practices.


The Only Way to Know if a Company Are Improving in Real Terms Is if It Is Creating Value

TSE Tokyo Price Index TOPIX

The Only Way to Know if a Company Are Improving in Real Terms Is if It Is Creating Value