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.

Japan's Governance: Disclosure Factor for Annual General Shareholders Meeting and Investor Relations

Japan's Governance: About the Article on Holding Shares Contributed to Retirement Benefit Trusts

Japan's Governance: Policy Shareholding: Nipro Corporation (8086)

Japan's Governance: About the Article on the Limited Information Disclosure Published in English

Japan's Governance: About the Article on Corporate Governance Code

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The current shareholder structure of Kyoto Bank, where domestic financial institutions are the top shareholders and still continue to hold cross-shareholdings, will make it difficult to pass the shareholder proposal.</li>
<li>In environment of continued sluggish bank earnings, the dividend income from policy shareholdings and the huge unrealized gains on stocks are valuable assets for weathering this difficult business environment.</li>
<li>Kyoto Bank's policy will change when the interest rate environment changes and earnings are expected to improve, or when the shareholder structure changes due to a significant reduction in cross-shareholdings.</li>
</ul>


The current shareholder structure of Kyoto Bank, where domestic financial institutions are the top shareholders and still continue to hold cross-shareholdings, will make it difficult to pass the shareholder proposal.
In environment of continued sluggish bank earnings, the dividend income from policy shareholdings and the huge unrealized gains on stocks are valuable assets for weathering this difficult business environment.
Kyoto Bank's policy will change when the interest rate environment changes and earnings are expected to improve, or when the shareholder structure changes due to a significant reduction in cross-shareholdings.


Bank of Kyoto

When Will Kyoto Bank's Policy Change?