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.

Guidebook for Raising P/B Published, but Still Much Work to Be Done to Achieve Goals

Investors Still Do Not Trust the Profit Margin Improvement in the Mid-Term Management Plan

Investors Are Looking for Solutions to Challenges, Not Simply Improved Communication with Investors

Solving the Issue of Increasing Trading Liquidity in Japanese Stocks Is More Than Analyst Coverage..

The Good Case Companies Had More Opportunities to Reflect on Cost of Capital and Return on Capital

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Code of Corporate Conduct lacks explanation of the role to be played by a listed company and the background. Consequently, there're cases where the same companies have repeatedly committed misconduct.</li>
<li>For companies that are good at pretending that they are trying, without any substance to their corporate governance, making the provisions of Corporate Governance Code mandatory effort won't be effective.</li>
<li>TSE's request seems to be an effort obligation. It is good that the substance of the company's improvement plan, which only made an effort to improve, will be improved.</li>
</ul>


Code of Corporate Conduct lacks explanation of the role to be played by a listed company and the background. Consequently, there're cases where the same companies have repeatedly committed misconduct.
For companies that are good at pretending that they are trying, without any substance to their corporate governance, making the provisions of Corporate Governance Code mandatory effort won't be effective.
TSE's request seems to be an effort obligation. It is good that the substance of the company's improvement plan, which only made an effort to improve, will be improved.


What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?

TSE Tokyo Price Index TOPIX

What Happens to the Effectiveness of TSE Requests when They Become Effort Obligations?