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.

When Will Fiduciary Duty Take Root in Japan?

Companies with High Frequency of Share Retirements Tend to Have a High Awareness of Cash Allocation

Capital Efficiency Is the Topic of the June AGM, While What Is Happening to Passive Fund Voting?

Change in Attitude of Domestic Institutional Investors Is Key to Approval of Shareholder Proposal

Who Is More Culpable, "Independent" Directors or or Domestic Institutions that Bias To the Company?

Activist Investors Have Been Consistent, but Environment Around Companies Has Changed Significantly

Expecting Fewer Refusals to Disclose Management Issues and More Positive Discussions with Management

Let Fujitec's Case Be a Lesson to Companies and Investors in Japan

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Now that percentage of foreign shareholders has reached 30%, other foreign shareholders are more likely to support activist investors' proposals, and companies are paying more attention to communication with investors.</li>
<li>While cross-shareholdings held by banks etc. are declining, foreign shareholders and trust banks are on the rise. The holdings held by trust banks are managed by domestic institutional investors.</li>
<li>Whether their exercise of voting rights changes from the past will be the key to improving governance and moving forward with solutions to issues that have been postponed until now.</li>
</ul>


Now that percentage of foreign shareholders has reached 30%, other foreign shareholders are more likely to support activist investors' proposals, and companies are paying more attention to communication with investors.
While cross-shareholdings held by banks etc. are declining, foreign shareholders and trust banks are on the rise. The holdings held by trust banks are managed by domestic institutional investors.
Whether their exercise of voting rights changes from the past will be the key to improving governance and moving forward with solutions to issues that have been postponed until now.


To Change a Company that Didn't Change when Activist Investors Asked for Solutions to Their Issues

TSE Tokyo Price Index TOPIX

To Change a Company that Didn't Change when Activist Investors Asked for Solutions to Their Issues