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.

Recognizing Human Resource Strategy as a Management Issue and Creating the Policy Is the First Step

The Timing of the Mandatory Disclosure of Human Capital Information Should Not Be a Sticking Point

Prime Market Should Raise Market Cap Standards. Companies Should Take Measures to Raise Valuations

Share Repurchases Should Be Tailored to the Individual Company's Effective Cash Allocation

Japan's Governance: What Are the Effective Factors for Stock Returns?

Japan's Governance: Transitional Companies in the Prime Market: To Increase Valuations

Shareholder Returns Offered by Companies that Do Not Meet Prime Market Listing Criteria Are.....

More Companies Are Hiring Women Directors, but to Solve the Fundamental Problem of Diversity

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Changes in Tobin's q were closely related to increases in foreign ownership. Companies with increases in Tobin's q reduced cash equivalents and total assets, suggesting they used assets more effectively.</li>
<li>No significant correlation was shown between Tobin's q and board practices, but companies with large increases in Tobin's q improved in % independent directors and the independence of compensation committees.</li>
<li>Companies with increases in Tobin's q showed superior values in Key Actions: change in growth policy score, dividend policy score, cash holdings score, frequency of share retirements, AGM/IR disclosure scores.</li>
</ul>


Changes in Tobin's q were closely related to increases in foreign ownership. Companies with increases in Tobin's q reduced cash equivalents and total assets, suggesting they used assets more effectively.
No significant correlation was shown between Tobin's q and board practices, but companies with large increases in Tobin's q improved in % independent directors and the independence of compensation committees.
Companies with increases in Tobin's q showed superior values in Key Actions: change in growth policy score, dividend policy score, cash holdings score, frequency of share retirements, AGM/IR disclosure scores.


What Initiatives Are Being Taken by Companies that Have Increased Valuations?

TSE Tokyo Price Index TOPIX

What Initiatives Are Being Taken by Companies that Have Increased Valuations?