Midori Life Insurance

Midori Life operates as a traditional Japanese insurance general-account rather than a discretionary asset manager. President and CEO Kazuhito Toyofuku leads the firm, but the portfolio composition — including its Social and Green Bond holdings — reflects standard insurance liability-driven investing rather than a separately branded investment team. The firm does not publicly disclose a CIO or dedicated investment committee.

The insurer is equally owned by Bellco Co., Ltd., a major Japanese funeral and ceremonial-services operator, and Gojo-iru Co., Ltd., a cooperative entity formerly known as Gojo Center Tomonokai. This dual-ownership structure creates direct operational ties to the death-care industry: Midori's funeral-expense riders and "Single Person Service" can route insurance proceeds straight into Bellco's funeral network, collapsing the claim-to-service chain that other life insurers leave fragmented.

Midori Life holds a Social and Green Bond portfolio within its domestic general-account assets, as disclosed in its firm materials. The mandate appears driven by both ALM considerations and alignment with Japan's policy push toward sustainable finance. No dedicated impact report or externally verified framework has been publicly released, so the precise size and composition remain undisclosed.

No. Midori Life is a proprietary-account life insurance company. It collects premiums from individual Japanese policyholders and invests those reserves to back its policy liabilities. It does not manage external institutional mandates, run a venture or PE program, or act as an outsourced CIO for other insurers.

The Single Person Service is a post-mortem affairs program for elderly solo policyholders, delivered in partnership with Midori Trust. It handles funeral arrangements and administrative tasks that would normally fall to family. The program is tightly linked to Midori's insurance book, using policy proceeds to directly fund services arranged through Midori Trust's platform, though the legal and financial segregation between Midori Life and Midori Trust has not been detailed publicly.