Corporate Governance

1. Board of Directors

More than half of JIC's Board of Directors consist of external directors. Business execution and oversight are clearly separated to achieve prompt decision-making and appropriate corporate governance.

2. Investment Committee

JIC's Investment Committee is responsible for decisions to commit investment in funds. The Investment Committee consists of five external directors and JIC's President CEO to ensure objectivity and neutrality in investment decisions.
Investment Committee Members
Investment Committee Chairman
Hideki Kobori
Investment Committee Member
Noriyuki Ogasawara
Toshiko Oka
Kenji Kutsuna
Hiroto Koda
Keisuke Yokoo

3. Auditors

JIC has two external auditors who ensure the appropriate preparation of business reports and financial statements, legal compliance, and the establishment and operation of an effective internal control system.
Click here for profile of Investment Committee members and auditors.

Organization and internal control system

JIC adopts three lines of defense for its organizational structure based on responsibilities to encourage collaboration throughout the whole organization.

Management introduction

Directors

Keisuke Yokoo
President, Member of the Board
Chief Executive Officer
  • 1974
    Joined Industrial Bank of Japan, Ltd. (current name: Mizuho Bank, Ltd.)
  • 2007
    President, Mizuho Securities Co., Ltd.
  • 2011
    Chairman, Mizuho Securities Co., Ltd.
  • 2015
    Vice Chairman & President, Japan Association of Corporate Executives
  • 2019
    President, Member of the Board & Chief Executive Officer, Japan Investment Corporation
Toshiyuki Kumura
Member of the Board
Chief Investment Officer
  • 1983
    Joined Tokio Marine & Fire Insurance Co., Ltd.
    (current name: Tokio Marine & Nichido Fire Insurance Co., Ltd.)
  • 1997
    Alternative Investment Group, Investment Department at Tokio Marine & Fire Insurance Co., Ltd.
  • 2002
    Head of private equity unit at Tokio Marine Asset Management Co., Ltd.
  • 2019
    Member of the Board & Chief Investment Officer, Japan Investment Corporation
Shinnosuke Kameyama
Member of the Board
Chief Strategy Officer
  • 1999
    Joined Ministry of International Trade and Industry
  • 2016
    Director General for Representative Office in Silicon Valley, New Energy and Industrial Technology Development Organization (NEDO)
  • 2019
    General Manager, Corporate Planning Division, Cool Japan Fund
  • 2021
    Director, Innovation and Industry-University Collaboration Division, METI
  • 2022
    Director, Industry Creation Policy Division, METI
    Director, Startup Policy Office, METI
  • 2023
    Director, Industrial Finance Division, METI
    Director, Startup Policy Office, METI
  • 2024
    Member of the Board & Chief Strategy Officer, Japan Investment Corporation
Takashi Osada
Member of the Board
Chief Financial Officer
  • 1993
    Joined Ministry of Finance
  • 2016
    Director, International Coordination Office, International Bureau, Ministry of Finance
  • 2017
    Director, Securities Business Division, Supervisory Bureau, Financial Services Agency
  • 2018
    Director, Criminal Investigation Division, Securities Exchange Surveillance Commission
  • 2019
    Director, Director for Postal Saving and Insurance Supervision, Supervisory Bureau, Financial Services Agency
  • 2021
    Director General, Secretariat of the Headquarters for the World Expo 2025, Cabinet Secretariat
  • 2023
    Member of the Board & Chief Financial Officer, Japan Investment Corporation
Hideki Kobori
External Director
  • 1978
    Joined Asahi Kasei
  • 2012
    Director and Senior Executive Officer, Asahi Kasei Corp.
  • 2014
    Representative Director, Primary Executive Officer, Asahi Kasei Corp.
  • 2016
    President & Representative Director, Presidential Executive Officer, Asahi Kasei Corp.
  • 2022
    Chairman & Representative Director
  • 2023
    Chairman & Director
Toshiko Oka
External Director
  • 1986
    Joined Tohmatsu Touche Ross Consulting Co., Ltd.
    (current name: ABeam Consulting Ltd.)
  • 2005
    President and Representative Director, ABeam M&A Consulting Ltd.
    (current name: PwC Advisory LLC)
  • 2016
    CEO, Oka & Company Ltd.
  • 2021
    Professor, Meiji University Graduate School of Global Business
Kenji Kutsuna
External Director
  • 1992
    Researcher, Japan Securities Research Institute Osaka Office
  • 2005
    Professor, Kobe University Graduate School of Business Administration
  • 2016
    Professor, Kobe University Graduate School of Science, Technology and Innovation
  • 2016
    - 2020
    Vice Dean, Kobe University Graduate School of Science, Technology and Innovation
  • 2022
    Director, Kobe University Graduate School of Business Administration, SME M&A Research and Education Center
  • 2024
    Professor Emeritus, Kobe University
    Director, Project Professor, University of Tokyo, Center for Applied Capital Markets Research
Hiroto Koda
External Director
  • 1982
    Joined Industrial Bank of Japan, Ltd. (current name: Mizuho Bank, Ltd.)
  • 2016
    Deputy President, Mizuho Securities Co., Ltd.
  • 2018
    Representative Director, Innovation Intelligence Research Institute Inc.
Noriyuki Ogasawara
External Director
  • 1976
    Joined Nikko Securities Inc.
  • 2004
    President and CEO, Nikko Beans Inc.
  • 2004
    Chairman, Monex Beans Holdings
  • 2005
    Executive Deputy President, Nikko Cordial Securities Inc.
  • 2008
    Executive Deputy President, Citi Group Japan Holdings
  • 2011
    Chairman & Representative Director, Nikko Systems Solutions Ltd.
  • 2012
    Chairman of the Board, Simplex Asset Management Co., Ltd.

Auditors

Taiji Edogawa
Auditor
  • 1997
    Joined Showa Ota & Co. (current name: Ernst & Young ShinNihon LLC)
  • 2010
    Partner, Ernst & Young ShinNihon LLC
  • 2019
    Representative Partner, Edogawa Certified Public Accountant Office
Yukako Oshimi
Auditor
  • 2002
    Admitted to the bar
    Joined Nagashima Ohno & Tsunematsu
  • 2014
    Partner, Shibata, Suzuki & Nakada
    LBX Legal Advisors (Change of the law firm name in February 2026)
JIC's mission
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Company overview
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Corporate Governance
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ESG
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