# Meiji Group Pension Fund

Meiji Group Pension Fund is a Corporate Pension Fund based in Tokyo, Japan.

## Overview

- **Organization type:** Corporate Pension Fund
- **Headquarters:** Tokyo, Japan
- **Region:** Asia
- **Address:** Tokyo, Japan
- **Assets under management:** Undisclosed
- **Website:** www.meiji-nenkin.org

## Regulatory record

- **Reports private funds:** No

## About

The fund operates as the corporate pension vehicle for companies under Meiji Holdings Co., Ltd., including Meiji Co., Ltd. and Meiji Seika Pharma Co., Ltd. It was established by these group entities to manage the retirement benefits of their combined employee base. The wealth backing the fund originates from the Meiji Group's century-plus history in food manufacturing and, more recently, pharmaceuticals. The fund's stated investment posture includes a Policy Asset Allocation that spans multiple asset classes — fixed income, public equities, and alternative investments, deployed globally. While individual portfolio holdings are not publicly itemized, the strategic allocation balances long-term return targets with the liability-driven imperatives of a defined-benefit pension plan. The investment framework is guided by Japan's Pension Fund Association, of which the fund is a member, and the fund formally endorsed the Asset Owner Principles in Japan in February 2025, committing to sustainable stewardship and beneficiary-first governance. A board of directors and a representative council govern the fund, meeting regularly to set policy and review performance. The fund communicates directly with its participants and beneficiaries through its website, issuing annual reports on asset management, financial verification results, and operational changes. In February 2025, the fund publicly announced its acceptance of the Asset Owner Principles, aligning its 運用 with the stewardship code adopted by Japan's major institutional investors. Unlike a multi-family office or private market platform, the fund's sole constituency is the long-dated liability stream of the Meiji Group's retirees. It does not raise external capital, sell fund products, or seek co-investors. That closed architecture frees the investment team from commercial fundraising demands and aligns decision-making strictly with the actuarial health of the plan.

## Sectors

- Food & Beverage
- Healthcare Services

## People

- Mori Yoji — Executive Director and Investment Executive Officer (until approx. 2021)

## Questions

### Which group companies sponsor the Meiji Group Pension Fund?

The fund was founded by core Meiji Group entities, specifically Meiji Co., Ltd. and Meiji Seika Pharma Co., Ltd. The ultimate parent of these founding companies is Meiji Holdings Co., Ltd., a publicly traded Japanese food and pharmaceutical conglomerate. The fund serves as the defined-benefit pension vehicle for employees across these entities.

### What are the fund's stewardship and governance commitments?

In February 2025, the fund formally accepted Japan's Asset Owner Principles, a set of guidelines that promote long-term, sustainable investment practices and robust governance for institutional investors. The fund is also a member of the Pension Fund Association of Japan, which advocates for best practices in corporate pension management. A board of directors and a representative council oversee investment and administrative decisions.

### Is the fund open to external investors or co-investment partners?

No. The Meiji Group Pension Fund is a single-plan, corporate defined-benefit scheme that exists solely to fund the retirement obligations of the Meiji Group's employees and beneficiaries. It does not manage third-party capital, market fund products to outside investors, or participate in club-deal openings.

### Who was responsible for investment oversight at the fund prior to recent changes?

Mori Yoji served as the Executive Director and Investment Executive Officer of the Meiji Group Pension Fund until approximately 2021 (Altss research). Current investment leadership has not been publicly named by the fund.

## Related profiles

- [Meijer Pension Plan](https://altss.com/profile/meijer-pension-plan)
- [Meiji Yasuda Asset Management](https://altss.com/profile/meiji-yasuda-asset-management)

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

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