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.

Revision of the Corporate Governance Code Requires Substantive Discussion, Not Individual Issues

The Starting Point Is to Set "Sustainable Expansion of Corporate Value" As a Management Goal

Fewer Companies Still Use Capital Efficiency Such as ROE as KPIs for Variable Compensation

New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors

Changing Japanese Companies Is Not TSE Request but Inflation that Changes Mindset of All Managers

Japan's Governance: Considerations Regarding the Percentage of Foreign Shareholders

Can Many Companies that over Years Could Not Suddenly Transform Themselves Thanks to TSE Requests?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Stock price increases only at the "TSE's request" are anticipatory, and conversely, the gap with JPX Prime 150 Index components, which attract the attention of overseas investors, may widen.</li>
<li>"TSE’s Request" effect is that TSE has changed the game by making it easier to compare managers of different companies according to P/B, thereby increasing managers' awareness of stock prices.</li>
<li>Just as all companies worked to "conserve energy" and become more competitive during the oil crisis, many companies' stock valuations will rise in environment where managers must change their mindset.</li>
</ul>


Stock price increases only at the "TSE's request" are anticipatory, and conversely, the gap with JPX Prime 150 Index components, which attract the attention of overseas investors, may widen.
"TSE’s Request" effect is that TSE has changed the game by making it easier to compare managers of different companies according to P/B, thereby increasing managers' awareness of stock prices.
Just as all companies worked to "conserve energy" and become more competitive during the oil crisis, many companies' stock valuations will rise in environment where managers must change their mindset.


"TSE's Request" Could Be a Harvest that Has Made It Easier to Compare Managers with Stock Valuations

TSE Tokyo Price Index TOPIX

"TSE's Request" Could Be a Harvest that Has Made It Easier to Compare Managers with Stock Valuations