Gunma Prefecture Automobile Sales Industry Pension Fund

Shunsaku Oyama serves as Chairman and Representative Director, providing fiduciary oversight. The fund likely outsources day-to-day investment management through a trust bank or life insurance company under a bundled mandate, which is the dominant model for regional Japanese pension funds of this size. No in-house CIO or internal investment committee names are publicly available.

Roughly 38 organizations participate, all tied to automotive sales and service in Gunma Prefecture. Named participants include Gunma Toyota Motor Co., Honda Cars Gunma, Gunma Mitsubishi Jidosha Hanbai, Fuji Subaru, Gunma Toyopet, Gunma Hino Motors, Toyota Corolla Gunma, Netz Toyota Gunma, Gunma Daihatsu Jidosha, and Toyota Rent-a-Lease Gunma. The Japan Automobile Dealers Association Gunma Branch also participates as an employer organization.

Yes. The fund is a member of the Enterprise Pension Stewardship Council and has accepted the Asset Owner Principles, which are Japan's stewardship code tailored for pension funds. These principles require the fund to articulate a clear investment philosophy, conduct rigorous manager due diligence, and exercise proxy voting rights consistent with fiduciary duties.

The health insurance association is a related welfare entity that administers health benefits for the same workforce. While legally distinct, the two organizations jointly serve the prefecture's auto retail employees, and the pension fund likely leverages the insurance association's administrative infrastructure given the absence of a standalone public presence.

No public asset allocation or investment policy statement is available. Like most small Japanese pension funds, it probably maintains a conservative portfolio heavy in domestic and foreign bonds with incremental exposure to Japanese equities. The acceptance of the Asset Owner Principles suggests a bias toward passive or benchmark-aware external management rather than an aggressive alternatives program.