Masayuki Tokioka

Masayuki Tokioka (May 22, 1897 – August 2, 1998) was a Japanese businessman and philanthropist in Hawaii. He founded the Island Insurance company and City Bank. He helped to build the San Francisco Peace Pagoda, and served on the boards of many non-profit organizations.

Early life and education

Tokioka was born in Okayama, Japan on May 22, 1897.[1] His mother raised him in Japan while his father worked in Hawaii. Tokioka moved to Hawaii in 1909 and attended Kaahumanu Elementary School, where he learned English. Though his parents lived nearby in Waikiki, he boarded at Takie Okumura's "Okumura Home", which was attached to the Makiki Christian Church. He returned home on weekends to help with his father's business.[2]

As he grew older he attended McKinley High School, and graduated in 1921. He then attended the University of Hawaii. In 1925 he earned an MBA from Harvard University, making him the first person of Japanese ancestry to earn one from that institution.[1] He then returned to Hawaii, where he married Harue Fujiyoshi. They had three children.[2]

Career

In 1929 Tokioka helped to found the National Mortgage and Finance Company. He helped many immigrants who were turned away by other institutions because of their race or because they were considered "high risk".[2] Tokioka and Wade Warren Thayer opened Island Insurance in 1940. He later became involved in many other businesses such as the Newfair Dairy, International Savings & Loan Association, and National Securities and Investments Inc.[3]

Tokioka was a member of the Honolulu Japanese Chamber of Commerce for many years and served as the president in 1953.[4] He was also the president of the Honolulu Lions Club.[3] He served on the board of the Crown Prince Akihito Scholarship Foundation and the Kuakini Medical Center. He helped to build the San Francisco Peace Pagoda in 1968,[5] and the Japanese Cultural Center of Hawaii in 1987.[3] During the 1970s he worked to raise funds to build a center for immigration history at the Bishop Museum.[2]

Throughout his life he was given several awards including an Award of Merit in 1961 by the San Francisco Chamber of Commerce, and an honorary doctorate from the University of Hawaii in 1982.[2]

Tokioka died on August 2, 1998. The Island Insurance Company created the Masayuki Tokioka Excellence in School Leadership scholarship in his honor. It is awarded to a public school principal every year.[2]

Further reading

  • Engelbretson, George (1993). A century of trust: the story of Masayuki Tokioka. Honolulu: Island Insurance Inc. ISBN 978-0963981004.

References

  1. ^ a b Hirahara, Naomi; Smith, Henrietta M. (2003). Distinguished Asian American Business Leaders. Greenwood Publishing Group. ISBN 9781573563444.
  2. ^ a b c d e f Chinen, Karleen C. (2012). Hawaii's AJA pioneers : one hundred profiles commemorating the centennial of the Hawaii Hochi. Honolulu, Hawaii: Hawaii Hochi Ltd. pp. 49–50.
  3. ^ a b c Gillingham, Paula (August 16, 1998). "Tokioka opened doors in Hawaii for immigrants". www.bizjournals.com. Retrieved 2019-11-08.
  4. ^ Honolulu Japanese Chamber of Commerce (1970). "虹の橋": 日工商70年史 [Rainbow bridge: a 70-year history of the Honolulu Japanese Chamber of Commerce]. Honolulu: 日本人商工会議所. OCLC 16337927.
  5. ^ Oda, Meredith (2019-01-03). The Gateway to the Pacific: Japanese Americans and the Remaking of San Francisco. University of Chicago Press. ISBN 9780226592749.

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