SPARX Group Establishes Space Frontiers Second Fund

SPARX Group Co., Ltd. (SPARX; TSE Prime: 8739) today announced that its subsidiary SPARX Asset Management Co., Ltd. (SAM) established the Space Frontiers Second Fund. Seven companies have decided to back the Fund as limited partners: Toyota Motor Corporation; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; Mizuho Bank, Ltd.; Mitsubishi Heavy Industries, Ltd.; Sumitomo Mitsui Trust Bank; and Development Bank of Japan Inc. Following the model the Space Frontiers Fund launched in June 2020, the Second Fund aims to support human resources and technology development in space-related industries, foster globally competitive Japanese space companies, and contribute to technological innovation throughout Japan.