No. You must obtain the permission of the original rights holder if you want to create your own version of another creator’s work. However, such permission does not automatically imply that you, as an arranger or a translator, are entitled to a percentage of the royalties that TONO/NCB distributes. It must be clearly stated that you are entitled to such a percentage in the permission granted by the original work’s rights holders.
TONO can help you with contact information for the original work’s rights holders.