Sanrio Pension Fund

Ultimate governance authority sits with Sanrio Company, Ltd. President and CEO Tomokuni Tsuji, as the plan sponsor's senior-most executive. Day-to-day investment management and manager selection are delegated to the fund's internal investment committee alongside external fiduciary managers and trust banks, a standard structure for Japanese contract-type corporate pension plans.

The fund is the defined-benefit corporate pension plan wholly sponsored by Sanrio Company, Ltd. It is a contract-type (規約型) scheme, meaning the plan document is established directly between the employer and employees under Japanese pension law, rather than through a separate pension fund entity. A related plan, the Sanrio Group Defined Benefit Corporate Pension, covers other entities within the Sanrio group.

The Sanrio Pension Fund is a signatory to Japan's Asset Owner Principles and participates in the Pension Stewardship Council, which collaboratively monitors investment managers' proxy voting and engagement activities. This indicates a formal commitment to evaluating and improving stewardship practices across its external manager roster, aligning with Japan's broader corporate governance reform agenda.

Yes, like many Japanese corporate pension funds seeking to meet long-term defined-benefit obligations in a low-yield domestic environment, Sanrio's portfolio includes allocations to global real estate, infrastructure, private credit, and hedge fund strategies. The exact composition and manager roster are not publicly disclosed.

The fund operates under Japan's Defined-Benefit Corporate Pension Law (確定給付企業年金法), which sets funding, fiduciary, and disclosure requirements for contract-type plans. The sponsor is subject to oversight by Japan's Financial Services Agency and Ministry of Health, Labour and Welfare for pension-related governance and actuarial soundness.

No. Sanrio Company, Ltd. does not separately disclose the assets under management of its corporate pension fund in its annual securities filings or investor materials. The fund's asset size remains undisclosed in the public domain.

Sanrio's revenue derives primarily from character licensing, merchandise sales, theme park operations, and entertainment content — a consumer-discretionary and intellectual-property-driven model. This concentration means the sponsor's ability to make ongoing pension contributions is more sensitive to brand strength, licensing renewal cycles, and global consumer sentiment than a diversified industrial sponsor would be.