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.

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

Only 20% of Current CEOs in Japan Expected to Have a Female CEO Within 10 Years

% of Female Board Members Asks "Seriousness" Of Improving Profitability and Governance Etc.

What Is the Effective Way to Ensure That "TSE Request" Does Not End up Being a Formal Disclosure?

Disclosure of Management Strategies with Cost of Capital and Stock Price in Mind Is Still Limited

The Effect of the TSE Requesting an Improvement Plan from a Company with a P/B Below 1x Is....

Advisors' Disclosure Is Inadequate and Other Companies May Have Similar Cases

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The problem of agenda setting in engagement with investment firms is due to the mismatch that is occurring in each of the listed companies and investors.</li>
<li>Meetings without top management present disappoint investors who have prepared thorough analyses of the issues facing the portfolio company. Top management should also avoid listening to template questions at meetings.</li>
<li>It's unrealistic to ask passive funds that cannot devote resources not to ask template questions. Active funds of Japanese investment managers may have too many portfolio companies to engage adequately.</li>
</ul>


The problem of agenda setting in engagement with investment firms is due to the mismatch that is occurring in each of the listed companies and investors.
Meetings without top management present disappoint investors who have prepared thorough analyses of the issues facing the portfolio company. Top management should also avoid listening to template questions at meetings.
It's unrealistic to ask passive funds that cannot devote resources not to ask template questions. Active funds of Japanese investment managers may have too many portfolio companies to engage adequately.


Too Many Portfolio Companies Is One of the Reasons for Not Enough Engagement

TSE Tokyo Price Index TOPIX

Too Many Portfolio Companies Is One of the Reasons for Not Enough Engagement