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.

It's Unreasonable to Hope for Higher Stock Prices While Being Reluctant to Disclose Information

Is the Rise in TOPIX Anticipating the Actual Rise in ROE+DOE?

A Market with a Low Average ROE Favors Valuations for Companies with More Reliable Cash Flow

The State of Listed Companies Should Be Discussed Together with Discussion of Quarterly Disclosure

Unification of Quarterly Securities Reports with Financial Summary to TSE Is Generally Appropriate

Quarterly Disclosure Discussions Leave Investor Perspectives Behind

The Attitude Toward Information Disclosure May Make a Further Difference in Stock Valuations

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The contents of quarterly reports are the same as those of financial summaries. Therefore, it’s in order that the quarterly reports for 1Q /3Q be unified with the financial summaries.</li>
<li>The major difference between quarterly securities reports and financial summaries is the significance of legal responsibility. By requiring partial review by auditors, TSE will ensure the reliability of financial summaries.</li>
<li>Meanwhile, TSE must continue to enhance the ethics of company managers and require companies to eliminate malicious misreporting. Unification of quarterly reports would further increase the role of the TSE.</li>
</ul>


The contents of quarterly reports are the same as those of financial summaries. Therefore, it’s in order that the quarterly reports for 1Q /3Q be unified with the financial summaries.
The major difference between quarterly securities reports and financial summaries is the significance of legal responsibility. By requiring partial review by auditors, TSE will ensure the reliability of financial summaries.
Meanwhile, TSE must continue to enhance the ethics of company managers and require companies to eliminate malicious misreporting. Unification of quarterly reports would further increase the role of the TSE.


Unification of Quarterly Reports Will Further Increase the Role of TSE

TSE Tokyo Price Index TOPIX

Unification of Quarterly Reports Will Further Increase the Role of TSE