On October 15, 2025, at the U.S.-Japan Council Annual Conference in Honolulu, a breakout session titled “From Island Roots to Global Reach: The Legacies of Family-Owned Businesses” was held at the Sheraton Waikiki. The session explored how legacy companies in both Hawaii and Japan navigate succession, modernization, and cultural preservation while staying true to their founding values.
The discussion was moderated by Emily Fukunaga, Vice President, Servco Parts Center, Servco Pacific Inc., and featured Paul Kosasa, President & CEO, ABC Stores; Russell Hata, Chairman, President & CEO, Y. Hata & Co., Limited; and Dana Tokioka, President, Tradewind Group Foundation.
Each speaker reflected on the deeply rooted values that guide their organizations—emphasizing family, employees, and community as central to their success. Mr. Kosasa shared how the principles passed down from his grandmother, a first-generation Japanese immigrant, continue to shape ABC Stores’ respect for money, employees, and customers. Mr. Hata described Y. Hata & Co.’s “partners first” philosophy, prioritizing relationships with family, staff, and vendors while improving the future of Hawaii’s communities.
The panelists discussed succession planning and leadership transition in multigenerational companies. Mr. Hata explained how his company established a strategic leadership team to professionalize management and prepare future executives. Ms. Fukunaga reflected on Servco’s transition from family to professional leadership, emphasizing that successful evolution requires understanding how the industry and economic environment have changed since a company’s founding.
Innovation and adaptation were recurring themes. The panelists agreed that technology—including AI—can enhance productivity and decision-making but cannot replace people and relationships. “AI can help us, but it’s still not people,” said Ms. Fukunaga, noting that Servco encourages innovation grounded in human values.
All three leaders also highlighted the philanthropic spirit that defines Hawaii’s family enterprises. Mr. Hata spoke about the company’s focus on supporting food service, first responders, and underserved Native Hawaiian communities. Mr. Kosasa described ABC Stores’ efforts to create a succession plan for its foundation to ensure future generations continue its charitable legacy. Ms. Tokioka emphasized that giving back to the community is integral to business, not separate from it.
In their closing reflections, panelists shared optimism about the future of Hawaii’s family businesses, emphasizing the “spirit of Aloha” as their competitive strength. They encouraged emerging leaders to honor their company’s history, stay adaptable, and lead with integrity, humility, and compassion.
Approximately 200 attendees—including business, government, nonprofit, and academic leaders—participated in the session, which highlighted the enduring importance of family-owned companies in fostering economic resilience and cultural continuity across Hawaii, Japan, and beyond.