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.

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

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

Continued Creation of JPX Prime 150-Type Passive Funds Will Help Solve TOPIX Challenges

From the Reality of 4%, Mandatory English Disclosure of Annual Securities Reports Is a High Hurdle

3/4 of the Companies Are Giving up the Opportunity to Communicate Their Value to Overseas Investors

The Standard that All 1,600 Prime Market Companies Could Do Would Be Loose

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Even if TSE requires new listed companies to disclose the reasons for listing and the possibility of raising funds, it's questionable whether this will motivate them to grow their businesses.</li>
<li>Companies that are not eligible for investment in terms of market capitalization and trading liquidity criteria will not be effective if they seek contact with institutional investors.</li>
<li>If unlisted stock markets are created, IPOs will increase in size. If listing criteria are raised to tens billion yen in market capitalization, institutional interest in growth market will increase.</li>
</ul>


Even if TSE requires new listed companies to disclose the reasons for listing and the possibility of raising funds, it's questionable whether this will motivate them to grow their businesses.
Companies that are not eligible for investment in terms of market capitalization and trading liquidity criteria will not be effective if they seek contact with institutional investors.
If unlisted stock markets are created, IPOs will increase in size. If listing criteria are raised to tens billion yen in market capitalization, institutional interest in growth market will increase.


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

TSE Tokyo Price Index TOPIX

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