Pan Pacific International Holdings Corp
TSE:7532

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Pan Pacific International Holdings Corp Logo
Pan Pacific International Holdings Corp
TSE:7532
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Price: 939.1 JPY -1.32% Market Closed
Market Cap: 3T JPY

Pan Pacific International Holdings Corp
Investor Relations

Pan Pacific International Holdings Corporation, originally known as Don Quijote, has become a household name in Japan's retail landscape. The company was founded in 1980 by Takao Yasuda, who approached retail with a unique philosophy: providing an engaging shopping experience that merges a treasure hunt with everyday retail needs. This philosophy manifests in their iconic Don Quijote stores—bright, bustling spaces known for their eclectic mix of items. Shoppers can find anything from groceries and cosmetics to electronics and quirky novelty goods on cluttered shelves, which are purposefully designed to create a sense of discovery. This shopping model has been a key element in attracting a steady flow of customers, propelling Pan Pacific’s revenue as it capitalizes on both impulse buys and regular household necessities.

In recent years, the company has expanded its global footprint beyond Japan, leveraging its business model's adaptability. They have acquired and rebranded stores in locations such as Hawaii and Singapore, maintaining their distinctive retail charm while catering to local tastes and preferences. Beyond physical retail, Pan Pacific has also ventured into digital markets to enhance their reach, understanding that an omnichannel approach is crucial in today's retail environment. Their revenue streams are diversified across various retail formats, which include standard supermarkets and convenience stores under different brand names, allowing them to cater to a broad spectrum of consumer demands. The company's financial success is intricately linked to its ability to create value through both an engaging shopping experience and strategic international expansion, leading to steady growth and robust profitability.

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Last Earnings Call
Fiscal Period
Q3 2018
Call Date
May 8, 2018
AI Summary
Q3 2018

Record Performance: Don Quijote delivered record-high sales and profit for the first nine months, outperforming other retailers.

Tax-Free Sales Surge: Tax-free sales for overseas travelers rose 56.7% YoY to JPY 40.6 billion, with full-year sales likely to exceed JPY 50 billion.

Same-Store Growth: Don Quijote same-store sales grew 4.5%, with 2.1 points from tax-free sales and 2.4 points from domestic customers.

Expense Control: SG&A ratio dropped to 20.0%, down 0.4 points YoY, despite opening 20 new stores and acquiring QSI.

Upward Guidance: Management raised sales, recurring profit, and net profit guidance for the third time this year due to strong results.

Store Expansion: The group opened 20 new stores in Q3, including its first in Singapore; total store count reached 408.

Inventory Focus: Inventory levels are still above optimal, especially for watches and fashion, but asset turnover improved slightly.

Key Financials
Tax-Free Sales
JPY 40.6 billion
Tax-Free Sales Ratio
8.3%
Don Quijote Same-Store Sales Growth
4.5%
Nagasakiya Same-Store Sales Growth
2.7%
SG&A Ratio
20.0%
SG&A Ratio (excluding QSI impact)
19.8%
Store Count (Q3)
408
Total Assets
JPY 797.4 billion
Fixed Assets
JPY 131 billion
Long-Term Loan
JPY 74 billion
Cash and Deposit
Decrease by JPY 1.8 billion
Net Assets
JPY 305.2 billion
Interest-Bearing Debt
JPY 314.3 billion
Net Debt/Equity Ratio
0.79x
ROE (annualized)
13.5%
Equity Ratio
35.6%
CapEx
JPY 34.5 billion
NOPAT Margin (expectation for this year)
3.8%
Sales Growth (5-year average)
9.4%
ROIC
6%
WACC
3%
Guidance for Sales, Recurring Profit, Net Profit
Revised upward
Other Earnings Calls
2018

Management

Mr. Naoki Yoshida
President, CEO & Representative Director
No Bio Available
Mr. Takao Yasuda
Founder, Founding Chairman, Supreme Advisor & Director
No Bio Available
Mr. Keita Shimizu
CFO & Executive Officer
No Bio Available
Mr. Yuji Ishii
CAO, Managing Executive Officer, Head of Financial Accounting & Accounting and Director
No Bio Available
Mr. Takayuki Hyuga
Executive Officer and Head of Legal & Compliance
No Bio Available
Mr. Kosuke Suzuki
Senior Managing Executive Officer, Head of Headquarters Promotion of New Business Format & Director
No Bio Available
Mr. Tetsuji Maruyama
Senior Executive Officer & Co-Chief Merchandising Officer
No Bio Available
Mr. Ken Sakakibara
Head of GMS & Domestic Business, Senior Exe Officer, Co-Chief Merchandising Officer and Director
No Bio Available
Mr. Kazuhiro Matsumoto
CMO (Global), Head of Overseas Business & NA Business, Sr. Managing Executive Officer and Director
No Bio Available
Mr. Hideki Moriya
Senior Managing Executive Officer, CSO, Head of Business Strategy Division & Director
No Bio Available

Contacts

Address
TOKYO-TO
Meguro-ku
2-19-10, Aobadai
Contacts
+81357257532.0
ppi-hd.co.jp