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.

Is NISSOL (2327) Still a Card to Be Sold for Cash Generation?

Dissolving the Parent-Subsidiary Listing Is a Powerful Way to Increase Valuations?

Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings

Conflicts of Interest Prevent TSE from Resolving Prime Market Listing Criteria Issues

Japan's Governance: Parent-Subsidiary Listing: Parent, Arcland Sakamoto Choosing a Different Path

The Question of Whether the Parent Company Was Aware of Legal Compliance and Corporate Governance

Little Discussion of Listing Criteria Appropriate for Prime Market Listed Companies

Prime Market Should Raise Market Cap Standards. Companies Should Take Measures to Raise Valuations

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Both Kappa Kreate and ATOM are almost completely controlled by their parent company, ColoWide, and we cannot expect corporate governance practices that would actually be a relief to minority shareholders.</li>
<li>With the parent company in full control, the subsidiary's minority shareholders are likely to be aware that the interests of the parent take precedence over those of the minority shareholders.</li>
<li>Parent company shareholders shouldn't tolerate continuing to own subsidiaries that damage their interests. The problem isn't a problem of the interests of the subsidiary's shareholders, but of the parent's shareholders.</li>
</ul>


Both Kappa Kreate and ATOM are almost completely controlled by their parent company, ColoWide, and we cannot expect corporate governance practices that would actually be a relief to minority shareholders.
With the parent company in full control, the subsidiary's minority shareholders are likely to be aware that the interests of the parent take precedence over those of the minority shareholders.
Parent company shareholders shouldn't tolerate continuing to own subsidiaries that damage their interests. The problem isn't a problem of the interests of the subsidiary's shareholders, but of the parent's shareholders.


The Problem Isn’t for the Subsidiary Shareholders but for the Parent Company Shareholders

TSE Tokyo Price Index TOPIX

The Problem Isn’t for the Subsidiary Shareholders but for the Parent Company Shareholders