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.

Mismatch Between Documents Needed by Foreign Investors and Those Translated in English by Companies

Earlier Timing of Disclosure in English May Create Another Mismatch with Investor Demand

In the Prime Market, Disclosure in English Also Widens the Gap in the Company's Attitude

Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies "Plan" Work?

TSE Should Aim for a Quality Market Rather than a Market Where Listed Companies Can Easily Inhabit

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In Prime Market where 99% of companies already disclose some material in English, it is a step that is expected to expand the number of disclosure materials disclosed in English.</li>
<li>Companies with 10-20% foreign ownership have followed the TSE's request to disclose information in English. These companies remain reluctant to disclose information-rich materials in English.</li>
<li>Companies with over 30% foreign ownership improved more than any other group by foreign ownership in disclosing information-rich materials in English, which is result of responding to overseas investor demand.</li>
</ul>


In Prime Market where 99% of companies already disclose some material in English, it is a step that is expected to expand the number of disclosure materials disclosed in English.
Companies with 10-20% foreign ownership have followed the TSE's request to disclose information in English. These companies remain reluctant to disclose information-rich materials in English.
Companies with over 30% foreign ownership improved more than any other group by foreign ownership in disclosing information-rich materials in English, which is result of responding to overseas investor demand.


Translated Materials Differ Between Disclosures in English that Meet Investor Demand and Reluctance

TSE Tokyo Price Index TOPIX

Translated Materials Differ Between Disclosures in English that Meet Investor Demand and Reluctance