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.

Significant Share Buybacks Are Key to Improving Profitability of Capital

Stock Splits Meet Many Companies' Needs to Increase the Shareholdings of Individual Investors

Effectiveness of MBO Special Committee Is Linked to Effectiveness of Independent Directors

Shareholder Benefits to Return Amid Rise in Foreign Ownership and Dissolution of Cross-Shareholdings

TSE's "Request" Is a Catalyst for a Final Decision on the Foundation of Years of Engagement

Listing Criteria for the TSE Growth Market Is Expected to Be Raised Starting April 2026

Going Private Is Not an “exit” from the Market, but the Beginning of the Next Step

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Many companies that cannot meet listing criteria have challenges with their tradable stock market capitalization in Prime markets, both in Standard markets, and tradable share ratios in Growth markets.</li>
<li>As a result of the market restructuring, the role of regional securities exchanges became a “receptacle” for ensuring trading of shares of companies that cannot meet the TSE listing criteria.</li>
<li>For a company that considers the purpose of a stock listing to be to improve the company's credibility and name recognition, going private or an MBO isn't on their mind.</li>
</ul>


Many companies that cannot meet listing criteria have challenges with their tradable stock market capitalization in Prime markets, both in Standard markets, and tradable share ratios in Growth markets.
As a result of the market restructuring, the role of regional securities exchanges became a “receptacle” for ensuring trading of shares of companies that cannot meet the TSE listing criteria.
For a company that considers the purpose of a stock listing to be to improve the company's credibility and name recognition, going private or an MBO isn't on their mind.


Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders

TSE Tokyo Price Index TOPIX

Transition to Regional Stock Exchange Means Continued Unhappy History for Shareholders