Masataka Miyazono

TNB-IM seeks to ensure stable profit over the medium to long-term through globally diversified investments based on advanced risk management. The firm invests primarily in fixed-income and credit products, and marginally in equity. The bulk of their investments consist of foreign bonds, complemented by Japanese government bonds. Part of their equity portfolios result from a passive, index-linked investment process, complemented by some active investing in domestic and foreign stocks. The bank is active on the short-term domestic money market. Diversification is the central idea in the firm's investment approach.

GPIF is a prudent, risk-averse, long-term manager which aims to contribute to the stability of the pension system by achieving the investment returns over the medium to long term with a minimal risk for insured persons through various activities (including initiatives that take ESG into account) that fulfills GPIF’s responsibilities. The firm primarily seeks to diversify by asset class, region, and timeframe. They realize that short-term market price fluctuations exist but prefer to achieve investment returns in a more stable and efficient manner by taking full advantage of their long-term investment horizon while securing sufficient liquidity to pay pension benefits. GPIF formulates the asset mix policy and manages and control risks at the portfolio, asset class and investment manager level. They employ both passive and active approaches to attain benchmark returns set for each asset class, while seeking untapped profitable investment opportunities.

Operates as a financial institution for agricultural, forestry and fishery cooperatives

PFA is an active, risk-aware manager which invests pension assets with a long-term perspective in domestic and international markets through in-house and external asset managers, aiming to accumulate reserves for pension benefits to ensure benefit payments in the future. The firm follows their “Plan-Do-See” cycle, seeking to efficiently invest in order to realize the highest returns possible while appropriately controlling risks. They try to diversify across asset classes, securities, approaches, styles, managers, investment timing and investment horizon in order to reduce investment risks.

Provides real estate sale and rental services