Corporate Governnance Evaluation System
NEEDS-Cges is
our sourcing solutions designed to help institutional investors identify possible investor concerns about their governance practices and provide researchers with comprehensive corporate governance dataset of listed companies in Japan.
Approximately 150 indicators of
corporate governance related data such as management supervision system, return of profits to shareholders, performance and capital efficiency, are recorded for all listed companies.
Strongly support the governance analysis of institutional investors and analysts.
Features
Data Categories / factors / indicators
| Category | Major Factor | Major Indicator |
|---|---|---|
| Stakeholders | Shareholding by Institutional investors Shareholding by Foreign Investors Shareholding by Stable Shareholders | Shareholding by Controlling Shareholders Shareholding by the Main Bank Percentage of Cross-holdings Shareholders Proposal |
| Accounting Performance | ROA, ROE Free Cash Flow to Total Assets Consecutive Net Loss | Extraordinary Loss in 3 Years Going Concern Notes |
| Market Performance | Tobin’s Q Total Return Volatility of Share Price | PBR |
| Practice | CEO Resignation after Poor Results Adult Options other than “Clean” Change in Accounting Policies | Correction of Financial Report Replacement of Accounting Auditors |
| Capital Management | Liquidity on Hand to Assets Ratio Cross-holdings of Shares to Assets Ratio Dividends + Buyback to Net Worth Ratio | Liquidity on Hand to Sales Ratio Investment Securities to Assets Ratio |
| Disclosure | Timeliness of Financial Highlights Annual General Meeting Held on the Same Day Early Posting of Annual General Meeting Notices | Accuracy of Earning Estimation Investment Securities to Assets Ratio |
| Board | Number of Board Members Nominating Committee Percentage of Independent Outside Directors Directors’ Terms of Office Takeover Defenses | Board Members serving as Executive Directors Percentage of Attendance – Outside Directors Support Rate of Board Members Election |
| Compensation | Shareholding by Directors Incentive Stock Options Bonus to Directors despite a Net Loss | Directors with the Annual Compensation of 100 million Yen or more |
Coverage
Listed companies (approximately 3,600 companies)
Update Timing
Data is updated monthly
Products
Index Data
111 indices are assigned to evaluate the corporate governance of companies listed on the Japanese stock markets.
Indices are calculated based on public information, obtained mainly from two annual financial statement reports, ”Tanshin” (flash financial reports) and ”Yuho” (confirmed financial reports).
Application - Japanese Interface Only
Available on Microsoft Windows10/11, Excel 2013/2016/2019