Hiroaki Honda

Astmax Co., Ltd. engages in providing a variety of alternative and hedge fund strategies to investors. It operates in the following segments: Investment Management Business, Dealing Business, and Prop House Business. The Investment Management Business segment provides alternative investment services as investment manager of commodity-focused funds. The Dealing Business segment invests its own fund to commodity futures and commodity over-the-counter and makes day trading, arbitrage transaction, and market making deals. The Prop House Business segment also invests its own fund to commodity futures and makes day trading deals. The company was founded on September 14, 1992 and is headquartered in Tokyo, Japan.

PayPay Asset Management Corp. (PayPay) is an asset management firm headquartered in Tokyo, Japan. The firm was founded in 2004 and formerly known as Astmax Asset Management, Inc. They became PayPay Asset Management in 2021. PayPay is a subsidiary of Z Holdings Corp. (TYO: 4689). The firm provides asset management solutions across broad asset classes which includes traditional assets and alternative investments.