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.

Maybe There Are Many Companies in Japan that Have the Resources but Neglect Efforts to Increase ROA

Isn't the Best Catalyst to Facilitate MBOs to Increase Market Metabolism?

Could the Turnaround Be Due to a Change in Management?

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

Japan's Governance: From "Status of Compliance with the Corporate Governance Code" Disclosed by TSE

Japan's Governance: About the Article on Holding Shares Contributed to Retirement Benefit Trusts

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since simply increasing shareholder returns won't increase corporate value/market cap, it's more natural to present shareholder return policy together with reasonable earnings target, even when such policy is put forth.</li>
<li>In fact, the companies exemplified in the Nikkei article saw share prices rise for companies with positive earnings outlooks and increased conviction that they will meet their medium-term earnings targets.</li>
<li>This is  a more serious and urgent issue for transitional companies, as companies with market cap of less than 10 billion yen in October 2023 will be excluded from TOPIX.</li>
</ul>


Since simply increasing shareholder returns won't increase corporate value/market cap, it's more natural to present shareholder return policy together with reasonable earnings target, even when such policy is put forth.
In fact, the companies exemplified in the Nikkei article saw share prices rise for companies with positive earnings outlooks and increased conviction that they will meet their medium-term earnings targets.
This is  a more serious and urgent issue for transitional companies, as companies with market cap of less than 10 billion yen in October 2023 will be excluded from TOPIX.


The Real Goal of a Company that Wants to Remain in Prime Market Is to Remain in TOPIX

TSE Tokyo Price Index TOPIX

The Real Goal of a Company that Wants to Remain in Prime Market Is to Remain in TOPIX