Stock Transfer Agency Business
In April of 2012, IR Japan became Japan’s first new entrant to the transfer agency (shareholder registry) business in nearly 40 years. IR Japan did this as an independent specialist consulting firm using the know how fostered in our IR/SR as a launching point.
Our transfer agency business draws a sharp demarcation with the sector as it has been up until now. We have shaken up the transfer agency business and are striving to maximize the benefits of implementation of electronic share certificate system for shareholders and listed firms. Based on electronic share certificate system, we are rolling out next generation transfer agency services such as adding informational value from the register as well as speedy, flexible, large scale systems, and price competitiveness.
Distinctive Features of Our Stock Transfer Agency Business and Differences from Traditional Players
The fastest provision of the final shareholder list
We can provide final shareholder list within three business days from the record date so early detection of proxy related risks is possible. Given the system based on the digitalization of shares, unneeded processes are excluded to provide flexibility and scale.
The final shareholder list takes 7 business days to create (interim version : 3 business days). Systems with pre-digitalization standards.
High quality management of the shareholder list
Applying the know how from our IR/SR consulting business, we offer high quality services such as identifying shareholders and activists on the list. We also offer a one stop solution for shareholder services including shareholder benefit plan.
Firms can’t comply with the corporate governance code as they can not identify shareholders from traditional shareholder list.
Appropriate pricing after implementation of electronic share certificate system
We don’t bear the legacy costs of the other transfer agency providers. Fees for transfer agency are easily budgeted quantitatively using the number of shares and frequency of the dividend. There are no fees for corporate actions.
Pricing is high due to a rigidly set “pay as you go” base for clerical work. Extra fees required when corporate actions arise.