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.

Market Shakeout Should Come with Business Portfolio Restructuring Especially for Small-Cap Companies

Nominating Committee Is Becoming More Active in a Few Companies, but No Sign yet of Spreading to All

The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships

Criteria for TOPIX Components and Prime Market Listing Criteria Should Be Discussed Separately

The Key Is to Achieve Sustainable Growth Through Continuous Business Portfolio Review

After the TSE "Engagement," It Is the Company Itself to Devise and Execute a Management Strategy

Cash on Hand Has Built up to a Level Where Small Shareholder Returns Are No Longer Sufficient

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>New TOPIX still has a large number of stocks and its components aren’t sufficiently liquid. TSE seems to have considered the companies that are under pressure to sell their shares.</li>
<li>The challenge for companies excluded from TOPIX components should achieve sustainable growth by continuous review of their business portfolios to achieve growth that they could not achieve in the past.</li>
<li>The company's performance must be in line with the plan disclosed by the company in response to the TSE's request. These companies should consider whether they should remain listed.</li>
</ul>


New TOPIX still has a large number of stocks and its components aren’t sufficiently liquid. TSE seems to have considered the companies that are under pressure to sell their shares.
The challenge for companies excluded from TOPIX components should achieve sustainable growth by continuous review of their business portfolios to achieve growth that they could not achieve in the past.
The company's performance must be in line with the plan disclosed by the company in response to the TSE's request. These companies should consider whether they should remain listed.


TOPIX Revision May Be an Opportunity for Companies to Choose to Go Private

TSE Tokyo Price Index TOPIX

TOPIX Revision May Be an Opportunity for Companies to Choose to Go Private