7532
Pan Pacific International Holdings Corporation
株式会社パン・パシフィック・インターナショナルホールディングス
Retail Trade
Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount convenience stores under the Don Quijote, general discount store under the MEGA Don Quijote and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production. In addition, the company operates retail stores under the Don Quijote USA, Gelson's, Marukai, Don Don Donki, and Times names, as well as under the private brand names, including JONETZ, Style One, Prime One, and eco!on. The company was formerly known as Don Quijote Holdings Co., Ltd. and changed its name to Pan Pacific International Holdings Corporation in February 2019. Pan Pacific International Holdings Corporation was incorporated in 1980 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
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FY 2021
EDINET ↗
Net Sales
¥2,246.8B
¥2,095.1B
¥1,936.8B
¥1,831.3B
¥1,708.6B
Cost of Sales
¥1,530.0B
¥1,432.2B
¥1,336.4B
¥1,287.9B
¥1,211.3B
Gross Profit
¥716.7B
¥662.9B
¥600.4B
¥543.4B
¥497.3B
SG&A
¥554.4B
¥522.7B
¥495.1B
¥454.7B
¥416.0B
Operating Income
¥162.3B
¥140.2B
¥105.3B
¥88.7B
¥81.3B
Non-Operating Income
¥8.2B
¥17.1B
¥14.3B
¥21.0B
¥6.9B
Non-Operating Expenses
¥12.0B
¥8.6B
¥8.5B
¥9.2B
¥6.7B
Ordinary Income
¥158.5B
¥148.7B
¥111.0B
¥100.4B
¥81.5B
Pre-tax Income
¥136.9B
¥130.5B
¥100.7B
¥92.0B
¥64.3B
Income Taxes
¥45.6B
¥43.3B
¥35.0B
¥30.3B
¥9.4B
Current Tax
¥48.3B
¥47.4B
¥37.4B
¥26.8B
¥19.4B
Deferred Tax
¥-2.7B
¥-4.1B
¥-2.4B
¥3.5B
¥-10.0B
Net Income (owners)
¥90.5B
¥88.7B
¥66.2B
¥61.9B
¥53.9B
Minority Interest
¥840M
¥-1.5B
¥-396M
¥-182M
¥1.0B
Comprehensive Income
¥90.3B
¥94.3B
¥71.8B
¥64.1B
¥58.3B
Goodwill Amort. (J-GAAP)
¥5.0B
¥5.0B
¥4.6B
¥4.0B
¥1.7B
EPS
¥151.59
¥148.64
¥110.94
¥102.64
¥84.93
Shares Outstanding
597.3M
597.0M
596.6M
596.3M
634.2M
Shares Issued (total)
635.4M
635.0M
634.7M
634.4M
634.2M
Treasury Shares
38.1M
38.1M
38.1M
38.1M
0.0M
Metric
FY 2025
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FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
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FY 2021
EDINET ↗
Total Assets
¥1,511.0B
¥1,498.4B
¥1,481.1B
¥1,383.7B
¥1,370.3B
Current Assets
¥528.0B
¥513.4B
¥551.8B
¥486.5B
¥495.5B
Cash & Deposits
¥172.0B
¥172.7B
¥242.1B
¥176.8B
¥157.5B
Non-Current Assets
¥983.0B
¥985.0B
¥929.2B
¥897.1B
¥874.8B
PP&E
¥718.0B
¥735.5B
¥689.2B
¥665.1B
¥643.8B
Goodwill
¥62.9B
¥62.6B
¥61.0B
¥61.8B
¥56.3B
Intangible Assets
¥103.6B
¥94.6B
¥88.5B
¥86.2B
¥79.6B
Investment Securities
¥37.9B
¥35.7B
¥34.6B
¥27.2B
¥29.1B
Deferred Tax Assets
¥28.0B
¥25.6B
¥20.7B
¥20.8B
¥23.7B
Total Liabilities
¥887.0B
¥951.4B
¥1,017.5B
¥984.4B
¥931.5B
Current Liabilities
¥441.6B
¥419.2B
¥368.4B
¥326.4B
¥353.6B
Accounts Payable
¥194.9B
¥197.2B
¥168.7B
¥152.9B
¥150.0B
ST Debt
¥56.4B
¥48.6B
¥34.4B
¥26.9B
¥35.1B
Taxes Payable
¥29.3B
¥25.5B
¥23.2B
¥13.5B
¥11.3B
Non-Current Liabilities
¥445.4B
¥532.2B
¥649.1B
¥658.1B
¥577.9B
Total LT Borrowings
¥327.4B
¥415.7B
¥534.1B
¥548.8B
¥475.5B
Total Equity
¥624.0B
¥547.0B
¥463.5B
¥399.2B
¥438.8B
Capital Stock
¥23.7B
¥23.5B
¥23.4B
¥23.2B
¥23.2B
Capital Surplus
¥17.8B
¥17.7B
¥17.5B
¥17.4B
¥17.1B
Retained Earnings
¥629.8B
¥559.5B
¥483.4B
¥428.0B
¥376.3B
Treasury Stock
¥-81.0B
¥-81.0B
¥-81.0B
¥-81.0B
¥-15M
AOCI
¥15.5B
¥16.7B
¥10.0B
¥4.5B
¥2.1B
Equity (owners)
¥590.3B
¥519.8B
¥443.3B
¥387.7B
¥416.5B
Minority Interests
¥16.2B
¥9.1B
¥9.5B
¥6.8B
¥19.9B
Total Interest-Bearing Debt ⓘ
¥383.7B
¥464.3B
¥568.5B
¥575.7B
¥510.6B
Net Cash ⓘ
¥-211.8B
¥-291.6B
¥-326.4B
¥-398.9B
¥-353.1B
NCAV ⓘ
¥-359.0B
¥-438.0B
¥-465.7B
¥-497.9B
¥-436.0B
NCAV/Share
¥-601
¥-734
¥-781
¥-835
¥-687
BV/Share
¥988
¥871
¥743
¥650
¥657
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥132.0B
¥150.6B
¥138.0B
¥95.1B
¥79.1B
Interest Paid
¥-6.6B
¥-7.3B
¥-7.7B
¥-7.8B
¥-5.7B
Interest Received
¥1.1B
¥800M
¥768M
¥532M
¥298M
Goodwill Amort.
¥5.0B
¥5.0B
¥4.6B
¥4.0B
¥1.7B
Investing CF
¥-61.1B
¥-94.7B
¥-62.0B
¥-44.8B
¥-78.0B
CapEx
¥38.7B
¥86.2B
¥51.7B
¥46.6B
¥40.4B
Purchase Investments
—
—
—
¥-10M
¥-10.0B
Financing CF
¥-75.9B
¥-129.9B
¥-18.2B
¥-53.9B
¥-29.0B
Dividends Paid
¥-20.3B
¥-12.5B
¥-10.7B
¥-10.0B
¥-9.5B
Share Buybacks
—
—
—
¥-80.9B
—
LT Debt Repaid
¥-99.3B
¥-84.8B
¥-27.2B
¥-36.4B
¥-19.8B
Free Cash Flow
¥93.3B
¥64.3B
¥86.3B
¥48.6B
¥38.6B
Net Change in Cash
¥-11.4B
¥-59.0B
¥67.5B
¥19.4B
¥-23.9B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
15.8%
17.9%
15.7%
15.3%
13.6%
ROA
6.0%
6.0%
4.6%
4.5%
3.9%
EPS
¥151.59
¥148.64
¥110.94
¥102.64
¥84.93
DPS
¥35.00
¥30.00
¥20.00
¥17.00
¥16.00
BPS
¥1,014.19
¥898.72
¥759.75
¥657.75
¥660.12
FCF/Share
¥156
¥108
¥145
¥81
¥61
NCAV/Share
¥-601
¥-734
¥-781
¥-835
¥-687
Payout Ratio
23.1%
20.2%
18.0%
16.6%
18.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-11-18
BlackRock Japan Co., Ltd.
5.04%
initial_5pct
Passive
—
2024-05-21
Anryu Shoji Co., Ltd
28.61%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
DQ WINDMOLEN B. V.
DQ WINDMOLEN B. V. (常任代理人 シティバンク、エヌ・エイ東京支店)
134,028
22.44%
2
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
68,000
11.39%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
36,575
6.12%
4
株式会社安隆商事
33,120
5.55%
5
FamilyMart Co.,Ltd.
株式会社ファミリーマート
33,057
5.53%
6
公益財団法人安田奨学財団
14,400
2.41%
7
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人 株式会社みずほ銀行決済営業部)
13,118
2.20%
8
GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ東京支店)
12,021
2.01%
9
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
10,639
1.78%
10
GIC PRIVATE LIMITED - C
GIC PRIVATE LIMITED - C (常任代理人 株式会社三菱UFJ銀行)
9,078
1.52%
Domestic Nominees
17.5%
+0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.0%
-0.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
39.5%
+1.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
DQ WINDMOLEN B. V.
—
22.45%
22.44%
-0.01%
Japan Master Trust Bank
日本マスタートラスト信託銀行
11.53%
11.36%
11.39%
+0.03%
Japan Custody Bank
日本カストディ銀行
5.83%
5.51%
6.12%
+0.61%
式会社安隆商事
5.55%
5.55%
5.55%
FamilyMart Co.,Ltd.
式会社ファミリーマート
5.54%
5.54%
5.53%
-0.01%
State Street
1.42%
2.69%
3.98%
+1.29%
公益財団法人安田奨学財団
2.41%
2.41%
2.41%
GOVERNMENT OF NORWAY
NEW ENTRY
1.33%
—
2.01%
NEW
GIC PRIVATE LIMITED - C
—
2.34%
1.52%
-0.82%
JP Morgan
last seen 2024
Exited Top 10
3.60%
1.93%
—
GIC PRIVATE LIMITED-C
last seen 2023
Exited Top 10
2.68%
—
—
Credit Suisse
last seen 2023
Exited Top 10
22.47%
—
—
Concentration (HHI)
ⓘ
763
747
760
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved