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.

ROE Trends Do Not Seem to Indicate a Significant Change in Management's Mindset?

Isn't It Hypocritical to Request a P/B Raising Measure While Continuing the Listed Subsidiary IPO?

What Is A "Growth Market" Where Many Companies Do Not Grow in Market Cap or Raise Capital?

A Market with a Low Average ROE Favors Valuations for Companies with More Reliable Cash Flow

Is the Deflationary Mindset of Managers Still Prevailing?

Is the Rise in TOPIX Anticipating the Actual Rise in ROE+DOE?

ROE and Valuations of Japanese Stocks Will Improve Through Dissolution of Parent-Subsidiary Listings

TSE's Request for Disclosure About Parent-Subsidiary Listings Is an Improvement, Not a Solution

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>If the ISS ROE criteria, which seems somewhat slow, were to be resumed, many companies would still be below 5%. However, how many companies are feeling threatened?</li>
<li>About 40% of the companies have large shareholders holding more than 20% of their shares, which is one reason why many companies do not feel a sense of threat.</li>
<li>Domestic institutional investors should apply the Proxy Voting Guidelines more strictly to companies that do not make maximum efforts to increase their ROE.</li>
</ul>


If the ISS ROE criteria, which seems somewhat slow, were to be resumed, many companies would still be below 5%. However, how many companies are feeling threatened?
About 40% of the companies have large shareholders holding more than 20% of their shares, which is one reason why many companies do not feel a sense of threat.
Domestic institutional investors should apply the Proxy Voting Guidelines more strictly to companies that do not make maximum efforts to increase their ROE.


To Raise ROE, Breaking Away from Familiar Relationships and Creating Tension in Management Is Key

TSE Tokyo Price Index TOPIX

To Raise ROE, Breaking Away from Familiar Relationships and Creating Tension in Management Is Key