# Kobeya Corporate Pension Fund

Kobeya Corporate Pension Fund is a Pension Fund based in Osaka, Japan.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Osaka, Japan
- **Region:** Asia
- **Address:** Osaka-shi, Japan
- **Assets under management:** Undisclosed
- **Website:** kobeya.co.jp

## Regulatory record

- **Reports private funds:** No

## About

Kobeya Corporate Pension Fund is a private sector pension fund based in Osaka-shi, Japan. It focuses on investments in the Asia region.

## People

- Kenichi Kiriyama — Chairman, Kobeya Co., Ltd.
- Susumu Kiriyama — President, Kobeya Co., Ltd.

## Questions

### Who controlled the investment decisions at Kobeya Corporate Pension Fund?

The fund was governed by the Kiriyama family through their control of the sponsor company, Kobeya Co., Ltd. Kenichi Kiriyama served as Chairman and Susumu Kiriyama as President, overseeing the corporate entity that sponsored the pension. Related family investment vehicles Eagle Kosan and Sakurai Kogyo sat alongside the pension structure.

### What happened to the fund after Kobeya sold its wholesale bread business?

Kobeya Co., Ltd. sold its wholesale bread business to Yamazaki Baking Co., Ltd. in 2023. The divestiture eliminated the commercial operation that generated the fund's contributions, leading to the pension fund's dissolution. By mid-2026, the fund had ceased active operations.

### How was the Kiriyama family's wealth structured relative to the pension fund?

The Kiriyama family's wealth was layered across multiple entities. Susumu Kiriyama owned 60.9% of Eagle Kosan with Kenichi Kiriyama holding the remaining 39.1%, while Kenichi Kiriyama wholly owned Sakurai Kogyo. The pension fund itself was a corporate vehicle distinct from these private family holdings, though governed by the same individuals who controlled the sponsor company.

### Does the Kiriyama Scholarship Foundation have any connection to the pension fund?

The Kiriyama Scholarship Foundation existed as a separate philanthropic structure associated with the family. It was not an investment vehicle for the pension fund but rather a grant-making entity. The foundation remained operational after the pension fund dissolved in 2026.

## Related profiles

- [Kobe Steel Pension Fund](https://altss.com/profile/kobe-steel-pension-fund)
- [Kobo Family Office](https://altss.com/profile/kobo-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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