Pan Pacific International Holdings Corporation · TSE:7532

Pan Pacific International — Q2 FY6/26 Earnings Presentation

32 slides from Pan Pacific International's earnings presentation, Feb 12, 2026

  1. Slide 1: Q2 Results for FY6/26

    Q2 Results for FY6/26 February 12, 2026 Pan Pacific International Holdings Corporation © Pan Pacific International Holdings Corporation

  2. Slide 2: Agenda

    Agenda １ Q2 FY6/26 Overview 2 Appendix Notes 1. The actual monetary figures presented in these materials are rounded to the nearest full unit. 2. The following abbreviations are used: Pan Pacific International Holdings (7532) as “PPIH", Don Quijote Co., Ltd. and its stores as “DQ", UNY Co., Ltd. as

  3. Slide 3: Executive Summary

    Executive Summary Q2 FY6/26 Overall Review  Shift to execution mode to capture the defined TAM.  Net sales reached ¥1.2101 tn, up ¥81.5 bn (+7.2% YoY). Operating income was ¥94.0 bn, up ¥4.2 bn (+4.7% YoY). As a result, both Q2 and H1 delivered record net sales and operating income, exceeding H1 f

  4. Slide 4: Q2 FY6/26 Overview

    Q2 FY6/26 Overview © Pan Pacific International Holdings Corporation 3

  5. Slide 5: Financial Highlights for H1

    Financial Highlights for H1  The consolidation of Kanemi changed the structure of gross margin and the SG&A ratio  Net sales grew at a strong pace, and all profit lines met H1 forecast 【H1：July 1, 2025~December 31, 2025】 (Bn yen, except basic EPS) H1 FY6/26 H1 FY6/26 Forecast H1 FY6/25 Kanemi Figu

  6. Slide 6: Revisions to FY6/26 Full-Year Forecast: Overview

    Revisions to FY6/26 Full-Year Forecast: Overview  Revised forecast to net sales ¥2.4350 tn, up ¥108.0 bn compared with initial, operating income ¥174.0 bn, up ¥4.0 bn, ordinary profit ¥172.0 bn, up ¥4.9 bn, and profit attributable to owners of parent ¥107.0 bn, up ¥1.5 bn.  Updated segment plans t

  7. Slide 7: Revisions to FY6/26 Full-Year Forecast: Segment Plan

    Revisions to FY6/26 Full-Year Forecast: Segment Plan  Net sales and gross margin: Market share expansion became a stronger priority versus the initial forecast. Faster responses to shifts in customer behavior raised the net sales outlook across all businesses. Gross margin is expected to exceed las

  8. Slide 8: PPIH Productivity Model: Core Engine Increasing Growth Strategy Certainty

    PPIH Productivity Model: Core Engine Increasing Growth Strategy Certainty PPIH’s DNA of authority delegation and meritocracy combines with unique systems to develop strong talent on a continuous basis. This talent base creates an operating strength unique to PPIH, which builds competitive engine and

  9. Slide 9: Discount Store (DS) Business

    Discount Store (DS) Business Net sales were ¥776.4 bn, up ¥51.5 bn YoY. MD strategies including tax-free and pricing supported results, and same stores drove higher sales and traffic. Operating income was ¥58.1 bn, down ¥0.4 bn YoY. The factor-based tax totaling ¥1.9 bn in H1 temporarily increased S

  10. Slide 10: DS: Advancing Tax-free Sales Strategy and Unlocking New Growth Opportunities

    DS: Advancing Tax-free Sales Strategy and Unlocking New Growth Opportunities in a Changing Environment Tax-free sales reached ¥107.1 bn, up 34.1% YoY, marking a record high. Diverse promotions and larger sales floors broadened demand across countries and regions without reliance on any specific regi

  11. Slide 11: UNY Business

    UNY Business Net sales were ¥244.5 bn, up ¥4.5 bn YoY. Strong pricing strategy, broader impact of the non-food strategy among stores and year-end demand supported both sales and traffic. SG&A ratio decreased as the optimization of store operations toward domestic business integration improved produc

  12. Slide 12: Food-Focused Donki: Growth Story for New Markets

    Food-Focused Donki: Growth Story for New Markets Open stores in densely populated residential areas and along everyday traffic routes to drive everyday visits from dual-income households and single customers while capturing younger customers from elementary to middle school. Offer shopping occasions

  13. Slide 13: Food-Focused Donki: A Profit Model with Strong Earning Power

    Food-Focused Donki: A Profit Model with Strong Earning Power Adapt Don Quijote’s unique, value-driven MD strategy and introduce high-traffic fresh foods to position the store as an everyday destination with higher trip frequency. Drive strong profitability through our high-productivity operating mod

  14. Slide 14: North America Business

    North America Business Net sales were ¥135.2 bn, up ¥4.5 bn YoY, supported by strong same stores and contributions from new stores. Operating income was ¥2.7 bn, down ¥0.3 bn YoY, as growth investments continued to scale the business. Operational improvements began to contribute to a lower SG&A rati

  15. Slide 15: Asia Business

    Asia Business Net sales were ¥46.4 bn, up ¥2.8 bn YoY. Stronger pricing strategy and faster introduction of new products lifted MD capabilities across Asia. Same-store traffic increased 6.7% YoY. Operating income was ¥2.0 bn, up ¥1.5 bn YoY, supported by progress in Asia-style operating practices. O

  16. Slide 16: Overseas: Steady Progress in Overseas-style MD and Operations

    Overseas: Steady Progress in Overseas-style MD and Operations Once struggled with slow MD response and lagging talent development. By adapting and customizing domestic DS know-how, the business established an “overseas-style” MD and store operations model that is now showing visible profitability. N

  17. Slide 17: Major Assets, Liabilities and Net Assets

    Major Assets, Liabilities and Net Assets Assets As of June 30, 2025 As of December 31, 2025 (Bn yen) ▷ Details Amount Amount Change  Current assets Current assets 528.0 636.0 108.0  Property, plant and equipment: ¥725.7 bn (up ¥7.7 bn from FYE6/25) Cash and Deposits 172.0 213.1 41.1 • Investment r

  18. Slide 18: Cash Flows and Capital Expenditures

    Cash Flows and Capital Expenditures ▷ Cash Flows (Bn yen) ▷ Operating Activities (Bn Yen) 200.0 +68.4 Q2 FY6/25 Q2 FY6/26 150.0 (29.8) +25.6 113.1 (25.3) Amount Amount Change +95.2 100.0 (21.0) Balance at the 50.0 beginning of the 187.2 175.8 (11.4) period 0.0 Profit before Depreciation Decrease in

  19. Slide 19: Shareholder Returns: Dividends

    Shareholder Returns: Dividends  An interim dividend of ¥3 (up ¥1.2 YoY) and a full-year dividend of ¥8.5 (up ¥1.5 YoY) are forecast for FY6/26, marking the 23rd consecutive year of dividend growth.  Maintain a progressive dividend policy and target a 25% payout ratio, while balancing growth invest

  20. Slide 20: Sustainability Management: Topics

    Sustainability Management: Topics  Enhance business sustainability for a better society and drive value creation: intensify initiatives in materiality-based focus areas and strengthen measures in key fields that leverage strengths.  Maximize corporate value by accelerating the integrated advanceme

  21. Slide 21: Sustainability Management: Key Figures

    Sustainability Management: Key Figures FY6/30 Goals Unit FY6/23 FY6/24 FY6/25 Environment CO₂ emissions CO₂ emissions Scope 1 & 2 t-CO₂ 512,505 510,253 501,768 Reduce CO₂ emissions (Scope 1 & 2) from Scope 1 & 2 CO₂ emissions reduction rate % 20.3 26.0 32.7 stores by 50% against 2013 level CO₂ emiss

  22. Slide 22: January Flash Notes: Domestic Discount Store and UNY Business

    January Flash Notes: Domestic Discount Store and UNY Business In the domestic retail business, both segments recorded YoY growth in sales and customer traffic. In January, performance benefited from multiple promotions aligned with shifting customer behavior. In early month, New Year sales events an

  23. Slide 23: Appendix

    Appendix © Pan Pacific International Holdings Corporation 22

  24. Slide 24: Financial Highlights for Q2

    Financial Highlights for Q2 【Q2: October 1, 2025 - December 31, 2025】 (Bn yen) Q2 FY6/25 Q2 FY6/26 Amount % of net sales Amount % of net sales Change YoY(%) Net sales 578.0 100.0% 636.8 100.0% 58.8 +10.2% Gross profit 187.1 32.4% 201.2 31.6% 14.1 +7.5% SG&A 138.4 24.0% 148.6 23.3% 10.1 +7.3% Operati

  25. Slide 25: Business Segment Results for Q2 and H1

    Business Segment Results for Q2 and H1 【Q2: October 1, 2025 – December 31, 2025】 (Bn yen) DS UNY Asia2 North America1,3 Others/Adjustments5 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Change Change Change Change Change FY6/25 FY6/26 FY6/25 FY6/26 FY6/25 FY6/26 FY6/25 FY6/26 FY6/25 FY6/26 Net sales 370.4 399.8 29.

  26. Slide 26: SG&A Breakdown for Q2 and H1

    SG&A Breakdown for Q2 and H1 【Q2: October 1, 2025 – December 31, 2025】 (Bn yen) Q2 FY6/25 Q2 FY6/26 Amount Ratio Amount Ratio YoY SG&A 138.4 24.0% 148.6 23.3% +7.3% Personnel expense1 63.1 10.9% 67.7 10.6% +7.4% Rent 15.7 2.7% 16.4 2.6% +4.8% Commission paid 17.4 3.0% 20.8 3.3% +19.4% Depreciation a

  27. Slide 27: Consolidated Business Segment Overview for H1

    Consolidated Business Segment Overview for H1 【H1: July 1, 2025 – December 31, 2025】 (Bn yen) H1 FY6/25 H1 FY6/26 Amount Ratio Amount Ratio YoY Domestic DS 700.0 62.0% 751.1 62.1% +7.3% Home electrical appliances 47.9 4.2% 47.4 3.9% (1.0%) Miscellaneous household goods 195.4 17.3% 210.9 17.4% +7.9%

  28. Slide 28: FY6/26 New Store Openings

    FY6/26 New Store Q1 Q2 Q3 Q4 Business Format Full-Year Forecast Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Hatchōbori Chiba Shijo-dori Yashima Nishi Fujimi (Kyoto) (Kagawa) 2 Stores 1 Store 7 Stores (Hiroshima) (Chiba) Takayama (Gifu) Apita Matsusaka Mikumo (Mie) Discount Store DQ Oizumi (Toky

  29. Slide 29: Store Count by Region and Format

    Store Count by Region and Format Domestic Retail Store Overseas Store FY6/26 FY6/26 FY6/24 FY6/25 FY6/24 FY6/25 Q1 Q2 Q1 Q2 Discount Store business 501 525 525 532 North America5 65 76 77 78 Don Quijote 262 285 285 289 California 37 46 47 48 MEGA Don Quijote1 143 143 143 143 Hawaii 28 29 29 29 (MEGA

  30. Slide 30: Other Information

    Other Information Inquiries IR Division, Pan Pacific International Holdings Corporation Dogenzaka-dori 8F, 2-25-12 Dogenzaka, Shibuya-ku, Tokyo 150-0043 TEL: +81-(0)3-6416-0418 ｜ FAX: +81-(0)3-6416-0994 e-mail : ir@ppih.co.jp Key Dates Q3 Earnings – FY6/26 May 13, 2026 (scheduled) ｜ Venue TBI Food-F

  31. Slide 31: memo

    memo © Pan Pacific International Holdings Corporation 30

  32. Slide 32: Dogenzaka-dori 8F, 2-25-12 Dogenzaka, Shibuya-ku, Tokyo 150-0043 TEL: +81-(0)3-6416-0418 / FAX: +81-(0)3-6416-0994 / …

    Dogenzaka-dori 8F, 2-25-12 Dogenzaka, Shibuya-ku, Tokyo 150-0043 TEL: +81-(0)3-6416-0418 / FAX: +81-(0)3-6416-0994 / e-mail: ir@ppih.co.jp https://ppih.co.jp/en/

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