June 21, 2021
Notice Concerning Agreement with Toranotec Asset Management to Use the
Pronexus Fund Document System
System and Related Process Outsourcing Services that Provide Comprehensive Support for Preparing Securities
Reports and other Regulatory Documents
TOKYO, JAPAN, June 21, 2021-PRONEXUS Inc. (head office: Minato Ward, Tokyo; president: Takeshi Ueno; hereafter, "PRONEXUS") announced today that its Pronexus Fund Document System, a system for preparing investment trust-related documents, will be used by Toranotec Asset Management Ltd. (head office: Minato Ward, Tokyo; president: Justin Balogh; hereafter, "Toranotec") based on an agreement concluded between both companies on May 31, 2021. Details are provided below.
1. About the Pronexus Fund Document System
This system supports the preparation of regulatory documents, including memorandums for investors and documents required by the Kanto Local Finance Bureau for the establishment and operations of investment trusts, such as securities reports. Launched in 2011, the system was developed for the purpose of reducing the workload needed to prepare such documents, particularly by asset management companies. Because it provides a single source of documentation and can be used for multiple purposes, the system offers convenience and security for users. As a result, many companies have chosen to use it.
Through the Pronexus Fund Document System, PRONEXUS will provide Toranotec the outsourcing services as an integral part of our system, specifically the processes involved in updating the securities reports it submits to the Kanto Finance Bureau. Details of this service are as follows.
2. Benefits of using the service: More efficient, accurate, and secure document production
1. Reduces time and labor involved in documentation, such as information sharing and collaboration
・Clients can reduce their workloads by having PRONEXUS handle the work involved in updating fund accounting data and qualitative information.
2. Increases verification efficiency and reduces mistakes during document production
・Documents are always managed using their latest versions, preventing mistakes resulting from file mix-ups and data entry from other funds.
・New and previous versions are displayed, allowing users to visually compare changed and unchanged content.
3. Centrally manages data in a highly secure environment
・Documents are managed under strict security conditions.
・Saved documents are stored in a central digital archive.
In the future, PRONEXUS plans to make improvements to its system processes through automated document updates and other features, with a view to bringing innovation to the market with even better services for stakeholders involved in investment trust management and marketing.
[Comparison of the division for work before and after concluding the agreement]
Stages of preparing revised documents on a semiannual basis | ||||||||
Before | 1. Update various documents | After | ||||||
Typical revision process for presentation revision | ||||||||
Toranotec | ・Dates, such as the date of submission to the Kanto Local Finance | PRONEXUS | ||||||
Bureau | ||||||||
・Data merger of investment trust financial results | ||||||||
・Company information, such as current management organization | ||||||||
Toranotec | Confirm changes to ensure completeness, accuracy, and consistency | Toranotec & | ||||||
・Visual checks of updated content | ||||||||
PRONEXUS | ||||||||
・Comparison of new and old parts to confirm revised content | ||||||||
2. Prepare files for submission to the Financial Services Agency's | ||||||||
Electronic Disclosure for Investors Network (EDINET) | ||||||||
・Conversion of data to the required format (Inline XBRL) | ||||||||
PRONEXUS | ・Packaging of data into sets (including PDF attachments) following the | PRONEXUS | ||||||
conversion | ||||||||
3. Provisional registration with EDINET and final check of data | ||||||||
before submission | ||||||||
Toranotec | ・Confirm that data meets requirements, including necessary formats | PRONEXUS | ||||||
・Check attached documents, including discrepancies with saved data | ||||||||
4. Submission to the EDINET | ||||||||
Toranotec | ・Timely disclosure for public review through EDINET | Toranotec | ||||||
[Overview of TORANOTEC Asset Management Ltd.]
Representative: | Justine Balogh |
Head Office: | 27th Floor, Shiroyama Trust Tower, 4-3-1, Toranomon, Minato-ku, Tokyo |
105-6027, Japan | |
Paid-in capital: | 594.3 million yen |
Total net assets: | 9,021.13 million yen (as of May 31, 2021) |
[Overview of PRONEXUS] | |
Representative: | Takeshi Ueno |
Head Office: | 5th Floor, Shiodome Building, 1-2-20, Kaigan, Minato-ku, Tokyo 105-0022, |
Japan | |
Paid-in capital: | 3,058.65 million yen |
Business locations: [Head office] Tokyo, [Branch] Osaka, Nagoya, [Sales office] Sapporo, Hiroshima, Fukuoka, [Factory] Toda, Japan
[Contact for inquiries] PRONEXUS Inc. Ogura or Ikawa Financial Business Division
Phone: +81-(0)-3-5777-3100