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Okinawa Construction Industry Pension Fund
Established in July 2016 as the successor to the Okinawa Construction Industry Employees' Pension Fund, the fund was created when the parent entity returned...
Okinawa Construction Industry Pension Fund
Established in July 2016 as the successor to the Okinawa Construction Industry Employees' Pension Fund, the fund was created when the parent entity returned its substitutional portion to the state and transitioned into a defined-benefit corporate pension. Founder Yonezo Shimoji, former chairman of both the fund and the Okinawa Construction Industry Association, shaped the architecture. The association remains the fund's primary business partner — essentially the sponsor — while the affiliated Okinawa Construction Industry Welfare Mutual Aid Association handles adjacent welfare and insurance programs for construction workers. As of March 2024, the fund covers 345 workplaces, 6,507 active members, and 1,138 beneficiaries. The fund operates a cash-balance plan, making it a defined-benefit scheme with individual notional accounts. Its stated mission is to improve welfare and post-retirement life for the construction industry. Public disclosure of the investment portfolio is absent, but the fund owns the Okinawa Construction Hall, a commercial property at 5-6-8 Makiminato in Urasoe City. Membership in the Okinawa IT Innovation Strategy Center suggests some exposure to local technology economic development, though no direct startup investments are confirmed. Geographic focus is exclusively Okinawa. Board governance includes periodic meetings of the Representative Assembly and the Asset Management Committee. Notice of the 21st Representative Assembly was posted for February 2026, and the first Asset Management Committee meeting of fiscal 2025 was convened in May 2025. The fund uses a web-based application system called WebPlus+ for member administration, but total assets under management and external manager relationships remain undisclosed — consistent with many small Japanese corporate pension funds that pool assets through trust banks or life insurers without public reporting. Structurally, the fund sits inside Okinawa's construction ecosystem rather than operating as an independent institutional investor. Its investment posture is defined entirely by the needs of its membership base and its real estate footprint on the island, not by a benchmark-chasing mandate. The fusion of pension administration with direct property ownership through the Construction Hall — a dedicated physical asset serving the industry — distinguishes it from a typical outsourced corporate plan.
General information
Firm type
Pension Fund
Year founded
2016
Location
Region
Asia
Country
Japan
City
Urasoe-shi
Corporate office
Urasoe-shi, Okinawa, Japan
Principals
Tatsuya Tsuha
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at Okinawa Construction Industry Pension Fund?
The chairman is Tatsuya Tsuha, but day-to-day asset management oversight falls to the Asset Management Committee, which met most recently in May 2025 per the fund's own notices. The fund does not disclose the names of committee members or whether it delegates to external managers, though small Japanese corporate pensions typically outsource core investment management to trust banks or life insurers.
Does the fund hold any direct assets outside of securities?
Yes. The fund owns the Okinawa Construction Hall at 5-6-8 Makiminato in Urasoe City, a commercial property that serves as both an income-producing asset and a physical hub for the construction industry it represents. No other direct property holdings or operating businesses are disclosed.
What type of pension plan does the fund run?
It is a defined-benefit corporate pension fund structured as a cash-balance plan. Members accumulate notional individual accounts with guaranteed credits, and benefits are paid as old-age lump sums or annuities, along with withdrawal and survivor benefits. The fund traces its lineage to the Okinawa Construction Industry Employees' Pension Fund established in April 1990.
How is the fund related to the Okinawa Construction Industry Association?
The association is the fund's primary business partner and de facto sponsor. Founder Yonezo Shimoji chaired both entities, and the fund exists principally to serve member companies of the association. The two organizations share the address at the Okinawa Construction Hall, though operations are legally separate.
Does the fund invest in any venture capital or technology initiatives?
The fund is listed as a regular member of the Okinawa IT Innovation Strategy Center, a local technology-promotion network, but there is no evidence of direct venture investments, LP commitments to VC funds, or startup exposure. The membership likely reflects a regional economic development nexus rather than an allocation to innovation assets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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