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Corporate Profile

Pan Pacific International Holdings Corporation

2-19-10 Aobadai, Meguro-ku,

Tokyo 153-0042 Japan

Phone: +81-3-5725-7532 Fax: +81-3-5725-7322

https://ppih.co.jp/en/ Printed in Japan

Please refer to the following websites and tools for detailed information on our investor relations activities as well as information on ESG and other initiatives.

Investor relations website:https://ppih.co.jp/en/ir/

Integrated reports:https://ppih.co.jp/en/ir/library/annual/

PPIH reports (shareholder newsletters): https://ppih.co.jp/ir/library/newsletter/ (in Japanese only)

Initiatives targeting sustainable growth: https://ppih.co.jp/en/csr/sustainability/

The PPIH Group aims to resolve environmental, social,

and governance (ESG) issues through its business in

pursuit of sustainable growth. We believe that the ESG

initiatives in our core business are congruent with the aims

of the United Nations Sustainable Development Goals.

Naoki YoshidaPresident and CEO, Representative Director

Genryu (The Source) is a collection of corporate philosophies that clearly delineates the

corporate principle and management philosophy that we expect all PPIH Group employees

and officers to abide by. Compiling our fundamental foundational spirit, the basic DNA that

has lived on since our founding, Genryu serves as the guideline for our daily work.

The year 2019 marks the 30th anniversary of the opening

of the first Don Quijote store in 1989. We have been able to

achieve the momentous feat of posting increases in net sales

and operating income in each of the 30 years leading up to this

milestone thanks to the passionate support of our customers.

I would like to take this opportunity to express my gratitude to

the customers that have supported us over the years as well

as to our business partners and all of our other stakeholders.

The PPIH Group looks to continue to grow going forward,

and accomplishing this growth will require even greater levels

of speed and flexibility in our ability to adapt.

To this end, we intend to advance initiatives through a

concerted Groupwide effort while also going further to actively

leverage and utilize the strengths, insight, and wisdom of

external partners in our management.

Specific growth strategies in the domestic market will

include transitioning UNY stores to MEGA Don Quijote UNY

stores, which are posting impressive growth thanks to our

customers, with an emphasis on speed. We will also implement

various unique and precisely targeted initiatives to respond to

the massive changes taking place in the domestic retail industry,

including the consumption tax hike and substantial industry

reorganization.

Overseas, our efforts will be focused on DON DON DONKI,

a new store format that is proving immensely popular in

countries where we currently have operations.

Committed to growing as a unique entity in Japan and in

the world, our top priority will be to create and entrench unique

new store formats while rapidly exploring new markets.

Looking ahead, we will base our management on the

corporate principle of “the customer matters most” as defined

in Genryu (The Source), a collection of our corporate

philosophies. At the same time, we will seek to respond to

changes in customer needs and in the times while boldly

tackling new management challenges.

I look forward to your ongoing support and understanding.

Greetings from the President

1

Don Quijote Holdings Co., Ltd. changed its name to

Pan Pacific International Holdings Corporation in February 2019. In Japan,

the landscape is undergoing massive transformations due to labor shortfalls,

resulting from factors such as population aging and birthrate decline, as well as the trend

toward frugality among consumers and the burgeoning of e-commerce.

Faced with this constant change, it is time for us to

evolve at even greater speeds so that we can shape a brighter future.

We have thus taken our first step on a new journey to

continue tackling new challenges and

innovating the retail industry.

Delegation of authority to store staff

Headquarters

Customers

Reverse Pyramid Structure with Customers as Starting Point

Adhering to the corporate principle of “the customer matters most,” PPIH places store staff members at the top of the in-house structure as they have more opportunities than anyone else for direct contact with customers, and management delegates considerable authority for store operations to these employees with regard to everything from product procurement and pricing to decisions on merchandise mix and displays.

Always dedicated to its corporate princi ple —“the customer matters most”—the PPIH Group continues to exist for the sake of its customers.

The PPIH Group by the Numbers (Fiscal year ended June 30, 2019)

2 3

History of Unrelenting Innovation Spanning 30 Years Throughout its history, the PPIH Group has continued to grow as it defied industry conventions in the innovation of its business. Guided by our corporate principle of “the customer matters most,” the Group has been inspired to build a business through unprecedented ideas with a constant focus on the customer. We have thereby been able to foster the distinctive strengths on which we pride ourselves.

Doroboichiba, Don Quijote’s predecessor, was a general merchan-

dise store with floor space of about 60 m2 that opened in Tokyo’s

Suginami Ward in 1978 by founder Takao Yasuda. The Group began

growing rapidly after the opening of the first Don Quijote store in

March 1989. The DNA of fostering innovation with unprecedented

ideas going against standard industry practices, which dates back to

our founding, continues to live on in the PPIH Group today.

One day, when founder Takao Yasuda was stocking shelves at Doroboichiba late at night after business hours, a customer visited the store, mistakenly assuming that the store was still open. He saw this as a possible sign of demand for shopping at night, heralding the start of late-night operations.

Discovery of Unmet Night-Time

Demand

Doroboichiba was initially lacking in store and storage space, and Yasuda would therefore pack the store with products from floor to ceiling and adorn the shelves with countless handwritten point-of-purchase (POP) advertise-ments introducing products. This represents the origins of Don Quijote’s compression displays and shop floor with a treasure hunting atmosphere.

Creation of Distinct

Shop Floor

After the opening of the first Don Quijote store, founder Yasuda attempted to transmit his expertise to his employees but was unable to achieve the desired results. Yasuda thus decided to entrust almost all of the decision-making for store operations to his employees, marking the start of the delegation of authority.

Delegation of Authority Founded

on Trust

DNA of Innovation Going Against Standard Industry Practices That Dates Back to Our Founding

The PPIH Group’s greatest strengths are born out of the combination

of its delegation of authority and its ability to adapt. This ability to

adapt arising from the delegation of authority constitutes the corpo-

rate value of the Group and is something that cannot be mimicked

by its competitors.

Unchanging Corporate Value of the PPIH Group

Net Sales

¥1,328.9 billion

Number of Group Stores

693Number of Purchasing Customers

528.9 million

“majica” E-money Card Membership

8.2 million

Number of Items Purchased

4,108.6 million

Number of Group Employees

13,546

Net Sales

FY1989Opened first Don Quijote store, in Fuchu, Tokyo

FY2001Listed stock on the First Section of the Tokyo Stock Exchange

Launched Picasso store format

FY2006Commenced overseas operationsAcquired Don Quijote (USA) Co., Ltd. as a consolidated subsidiary

FY2008Rebuilt general merchandise store (GMS) businessAcquired Nagasakiya Co., Ltd. as a consolidated subsidiary

FY2014Accelerated expansion in the United StatesTurned MARUKAI CORPORATION into a consolidated subsidiary

Launched “majica” e-money service

FY2018Implemented post-GMS and NEXT Convenience Store strategyCommenced capital and business alliance with FamilyMart UNY Holdings Co., Ltd. (currently FamilyMart Co., Ltd.)

Acquired QSI, Inc. as a consolidated subsidiary

Opened first DON DON DONKI store (in Singapore)

FY2019Embarked on journey to become a globally competitive retail group Acquired UNY Co., Ltd. as a consolidated subsidiary

Changed name to Pan Pacific International Holdings Corporation

FY1997Registered stock for trading on the over-the-counter market

FY1998Listed stock on the Second Section of the Tokyo Stock Exchange

FY2002Commenced nationwide expansion

FY2007Accelerated store openings through mergers and acquisitionsAcquired Doit Co., Ltd. as a consolidated subsidiary

First Don Quijote store, opened in prime location in Fuchu, Tokyo

Delegation of Authority

The PPIH Group’s delegation of authority makes for a system in which various aspects of operations, including product procurement, pricing, displays, and sales, are entrusted to its store employees.

Ability to Adapt

All store staff, or those who interact directly with our customers, are given flexibility when making deci-sions regarding store operations. This approach enables stores to swiftly respond to changes in cus-tomer needs and the operating environment.

Origin of the PPIH Group Founder Yasuda started Doroboichiba with zero retail

experience and expertise and no network. However, this

small general merchandise store earned a reputation for

being open until midnight at a time when even conve-

nience stores closed at 11 p.m., quickly growing to

achieve annual sales of ¥200 million.

4 5

Overview of the PPIH Group

The PPIH Group develops its business by dividing its diversifying operations among various Group companies and generating synergies between these companies. Central to this business is store operations, in which Group companies pursue our corporate principle of “the customer matters most” in their specific area of expertise, continuing to evolve as they work to fulfill their shared mission and bring smiles to the faces of customers.

Based out of Japan, Pan Pacific International Trading Co., Ltd. procures products for sale throughout the PPIH Group while forging partnerships with manufacturers and suppliers around the world.

Product Procurement

Discount Amusement

Convenience

The Customer Matters Most

In the domestic retail business, the PPIH Group operates Don Quijote dis-count stores, MEGA Don Quijote family-oriented general discount stores, and Apita and Piago GMS stores.

Domestic Retail

大中（正称細め）小（正称なし）

UD Retail

Japan Commercial Establishment Co., Ltd. provides tenant recruitment and event attraction services along with sales of advertisement media. This company is also responsible for parking lot management services, installa-tion of vending machines that makes productive use of space, and event planning.

Tenant Recruitment and Space Utilization


D-ONE Co., Ltd. recruits tenants for PPIH Group stores by utilizing business area data based on an accurate understanding of the sales characteristics of these stores.

Real Estate Business Support


Japan Asset Marketing Co., Ltd. leases and manages commercial facilities and a wide range of other real estate and supports openings of PPIH Group stores. The company also conducts building maintenance and energy conservation measures.

Real Estate Leasing, Maintenance, and

Management


The Three Shared Concepts of PPIH Group Stores

PPIH Group stores are based on the three shared concepts of

convenience (CV), discount (D), and amusement (A), referred to

collectively as the CV+D+A concept. Forming the basis for our

stores, these three concepts are employed in store development

initiatives rooted in communities to create time-eating stores that

foster feelings of excitement and anticipation and that allow

customers to enjoy the act of shopping itself.

Broad product lineups encompassing everything from foods and daily consumables to electrical appliances and brand-name products as well as extended store hours in diverse locations

Amazing discounts that bring smiles to customers with competitive prices that rival those of competitors

Enjoyable shopping experi-ences provided by compres-sion displays, handwritten POP advertisement cards, and other space production techniques that stimulate the senses

・基本形

・正称込み_狭小スペース用。正称がつぶれないように文字の線幅を細く調整しています

・正称なし_狭小スペース用。正称なしの拡大版は使用しないでください

※右側のマークは、シンボルマーク的でないため、PPIT 部分と分離して使用するのも良いと思います。

Our overseas retail companies operate stores in the United States, Singapore, Thailand, Hong Kong, and other areas. These companies are also responsible for product development and trading procedures, such as the import and export of products for sale at overseas stores.

Overseas Retail

PPRM (Singapore)

DONKI Thonglor

PPRM (Hong Kong)

Don Quijote (USA)

QSI

MARUKAI

REALIT Co., Ltd. performs activities including the planning, development, and operation of the “majica” smartphone app; planning and operation of comprehensive sales promotion services using smartphone apps, print, and other forms of media; and sale of point-of-sale data.

Smartphone App Operation


As of July 1, 2020

Based on the concept of “stylish, fun, and fresh,” Apita is a brand of general super-markets designed to propose ways of enriching customers’ lifestyles in a wide range of business areas. The merchandise mix of these stores comprises 50,000 to 80,000 items, including foods, daily consumables, clothing, and household necessities.

Apita

Piago general supermarkets and their smaller Piago La: Foods Core counterparts serve the role of a daily living convenience store by offering robust lineups of food and other products and services that are tailored to their respective regions. We aim to develop them into attractive stores that offer enjoyable shopping experiences every day.

Piago

Piago La: Foods Core is a miniature supermarket store format providing the ingredients that are core to customer diets, thereby playing a central role in shaping these diets. With robust and varied lineups of items ranging from the ingredients that are indispensable to our daily lives to ingredients carefully selected to match contemporary needs, these stores propose new lifestyles involving food.

Piago La: Foods Core

TOKYO CENTRAL is a chain of “food entertainment” stores in California. The lineups of reasonably priced and delicious authentic Japanese food at these highly entertaining stores, designed to transport customers to contemporary Tokyo, are centered on buffet items, prepared foods, boxed lunches, baked goods, and other ready-made foods.

TOKYO CENTRAL

Don Quijote USA has three stores on the Hawaiian island of Oahu. With wide aisles that can be comfortably navigated with a shopping cart, as well as a 4-meter-high ceiling, this spacious area offers a uniquely Don Quijote style, enjoyable shopping experience, with all the fun and surprises this implies.

Don Quijote USA

Times is a brand of stores long beloved by residents of Hawaii. At these stores, customers can find everything they need in their daily lives centered on food items such as fresh vegetables and fish procured locally.

Times

DON DON DONKI is a new store format designed for Southeast Asia that features made-in-Japan and made-for-Japan products based on the concept of a Japan-brand specialty store. With in-store kitchens and food courts, these stores create an atmosphere that is highly conducive to the consumption of experiences.

DON DON DONKI

MARUKAI is a chain of Japanese food supermarkets located on the west coast of the United States. These stores feature a robust lineup of affordably priced Japanese vegetables, processed foods, seasonings, fish, other fresh foods, sushi, boxed lunches, and prepared foods. Other offerings at these community-loved stores include Japanese sake and cosmetics.

MARUKAI

6 7

Diverse Store Formats The PPIH Group develops stores in a diverse range of formats with different concepts and targets that enable it to open new stores in various locations and buildings, including urban shopping districts and roadside locations in suburban areas. This diverse range of formats supports a flexible approach to new store openings based on location and business area, allowing us to respond to customer needs and issues through the operation of community-rooted stores.

New MEGA Don Quijote is a store format that is smaller in scale than MEGA Don Quijote. At these stores, the ratio of floor space dedicated to fresh foods is less than that of standard MEGA Don Quijote as these stores place greater emphasis on profitability and efficiency with lineups largely consisting of daily consumables and processed foods.

New MEGA Don Quijote

Don Quijote is a chain of general discount stores combining the three concepts of convenience, discounts, and amusement (CV+D+A). The merchandise mix com-prises 40,000 to 60,000 items, ranging from foods and daily necessities to clothing, electrical appliances, and brand-name products.

Don Quijote

MEGA Don Quijote is a chain of family-oriented general discount stores and based on a concept of showcasing a rich merchan-dise mix and amazing discounts. These stores feature a robust lineup of products matched to customers’ diverse lifestyles, including fresh foods, daily consumables, electrical appliances, and clothing.

MEGA Don Quijote

The small-sized store format is a con-densed version of the Don Quijote format, designed with a streamlined merchandise mix to cater to demand in the smaller catchment areas. The goal of these stores is to create shopping venues that are tailored to their surroundings and to the daily routines of customers.

Small-Sized Format(Picasso, Essence, Kyōyasudō, Ekidonki, Soradonki)

Don Quijote UNY and MEGA Don Quijote UNY stores are being developed through the conversion of Apita and Piago brand general supermarket stores. These stores have won support from customers of all ages by offering a range of food items, an area of specialty for UNY, alongside the assortment of non-food items, a strength of Don Quijote, which has been enhanced through the conversion.

Don Quijote UNY / MEGA Don Quijote UNY

Overview of Domestic Store Formats

Store Type Average Shop Floor Area Average Number of Items Product Mix Characteristics Target Customer Groups

Don Quijote 1,000 m2–3,000 m2 40,000–60,000Amusement and

variety shopsYouths and couples

MEGA Don Quijote 8,000 m2–10,000 m2 60,000–100,000

Clothing, foods, and household necessities; mainly food items

and daily consumables

Homemakers and families

New MEGA Don Quijote 3,000 m2–5,000 m2 40,000–80,000

Don Quijote UNY 4,000 m2–5,000 m2 50,000–60,000

MEGA Don Quijote UNY 5,000 m2–13,000 m2 70,000–100,000

Small-Sized Format(Picasso, Essence, Kyōyasudō, Ekidonki, Soradonki)

300 m2–1,000 m2 10,000–20,000Emphasis on specialty products

(Convenience store/mini-grocery)Youths and couples

Apita(Several stores within shopping malls)

6,000 m2–15,000 m2 50,000–80,000Clothing, foods, and

household necessitiesHomemakers, families,

and senior citizens

Piago 1,500 m2–8,000 m2 40,000–60,000Clothing, foods, and

household necessities Homemakers and senior citizens

Piago La: Foods Core 1,000 m2–3,000 m2 8,000–10,000 Foods and

daily consumables

Supporting Flexible Approach to Store Openings

As of July 1, 2020

8 9

Home electrical appliances6.0%

Discount store business76.5%

GMS business20.0%

Miscellaneous household goods17.5%

Foods26.4%

Watches and fashion merchandise12.2%

Sporting goods and leisure goods4.2%

DIY goods1.2%

Overseas7.3%

Other products1.7%

Clothing2.7%

Home-related products2.4%

Other products0.9%

Tenant leasing business2.9%

Other businesses0.6%

Foods14.0%

Distribution of Consolidated Net Sales by Product Category (Fiscal year ended June 30, 2019)

Domestic Retail

In the discount store business, the PPIH Group develops Don

Quijote stores, its core store format, as well as Picasso stores

suited to small business spheres in urban centers and MEGA Don

Quijote UNY stores. With extensive lineups of diverse products

offered at low prices, these stores are designed to be focal points

for the lifestyles of customers in a wide range of age groups,

including youths, families, and senior citizens.

At MEGA Don Quijote stores, which feature lineups of fresh

fruits, vegetables, fish, meat, and prepared foods, we have begun

developing grocerants (establishments combining grocery stores

with restaurants) at which food sold can be prepared to be eaten

in-store. Through the more vivid dining experiences offered by

these eat-in corners, we will build upon the entertainment factor

and shopping experiences of stores to offer atmospheres that can

be enjoyed all day.

Meanwhile, the rising number of inbound visitors to Japan is

driving the growth of the inbound market. Our “customer-centered”

strategies are winning favor in this market as well. With special

counters for tax-free sales, multilingual services, and systems for

payments accepted online through venues such as Alipay, our

stores provide a stress-free shopping environment for

non-Japanese visitors to Japan. These conveniences have won the

strong support of customers from China and South Korea as well

as from ASEAN countries such as Thailand and Singapore.

Target Strategies Adjusted on Individual Store Basis

The PPIH Group’s discount store and GMS businesses are primarily advanced in the domestic market and are clearly differentiated by their store concepts and targets. By adjusting product mixes and prices on an individual store basis, we develop stores that cater to the needs of wider customer age groups and that are matched to their communities.

Discount Store Business

In the GMS business, we develop Apita, Piago, and other stores

focused on food while also offering clothing and home-related

products. These stores primarily target homemakers, families, and

senior citizens by proposing richer everyday lives with product and

service lineups tailored to their communities. Our approach in the

GMS business is to match our stores to their communities to foster

an atmosphere of familiarity, comfort, and peace of mind, which has

resulted in years of support from local customers.

The most distinctive trait of Apita and Piago stores is their strength

in food products. These stores feature vast arrays of competitively

priced products that exude a sense of value, all carefully selected

based on the needs of customers and the trends of rivals. In the

fiscal year ended June 30, 2019, we launched a prepared food

project aimed at improving quality and expanding our lineup of

prepared foods, thereby building the frameworks necessary for

bolstering our competitiveness in the prepared food market.

The strength in food products exhibited by UNY is also being

showcased at Don Quijote stores. At MEGA Don Quijote UNY

stores, for example, synergies with UNY’s food products, an area of

strength, have led to a virtuous cycle created through higher sales

and changes in customer demographics.

GMS Business

Distribution of Net Sales in Japan by Store Format (Fiscal year ended June 30, 2019)

MEGA Don Quijote16.1%

MEGA Don Quijote UNY1.6%

Apita and Piago22.6%

mini Piago*2

0.5%

Don Quijote37.9%

Impactful environment created with a multitude of colorful and entertaining handwritten POP cards

Toys for customers to try out, making stores more fun for families

Kitchen corner that prepares meat sold in-store into steak right off the grill for customers

Payment with China UnionPay cards accepted at almost every store

Unmatched lineup of fresh foods, an area of strength, that is far and beyond that of competitors

Enhanced lineup of prepared foods based on the concept of quality at low prices

Clothing section catering to the needs of customers of all ages with innerwear, womenswear, menswear, and children’s clothing

New MEGA Don Quijote18.6%

Picasso1.3%

Doit*1

1.3%

Nagasakiya0.1%

Don Quijote-style compression displays exhibiting exceptional volumes of product types and quantities

*1 The Doit stores operated by Doit Co., Ltd. (currently Sky Green Co., Ltd.), which operates home center and renovation businesses, were removed from the scope of consolidation effective February 1, 2020, following a business transfer via an absorption-type company split.

*2 On April 1, 2020, 80% of the shares held in 99ICHIBA Co., Ltd., the company that operates mini Piago stores, were transferred and, as a result, mini Piago stores were withdrawn from the PPIH Group as of this date.

10 11

Exceptionally Varied Lineup of Private Brand ProductsAspiring to give form to the desires of customers, the PPIH Group develops private brand products designed to be bursting with fun and appeal while featuring prices that betray their quality. Our exceptionally varied lineup of original products contributes to profitability while also playing an important role in maintaining the support of customers of all ages.

Launched in 2009, the Jonetsu Kakaku series was built by trans-

forming customer input into product development concepts. Driven

to deliver quality products shaped by customer desires at the lowest

possible prices, we avidly develop and refine products together with

partner companies in Japan and overseas.

The Jonetsu Kakaku series seeks to marry low prices with

additional value in forms such as enjoyableness, delectability, fash-

ionableness, and convenience, that exceed customer expectations.

The goal of this approach is to spark passion among customers by

delivering joy, amazement, and inspiration through products.

Quest to Deliver Products Most Familiar to and Best Loved by Customers

The Jonetsu Kakaku series boasts a diverse lineup of more than

3,000 items including foods, household items, kitchen goods,

beauty and healthcare products, electrical appliances, interior

goods, bedding, sporting goods, outdoor equipment, auto acces-

sories, bicycles, pet supplies, toys, and hobby items. This series

caters to wide-ranging customer needs through the development of

products matched to the various uses of customers.

Jonetsu Kakaku

Other products 1.2%

Sporting goods and leisure goods

5.5%

Watches and fashion merchandise

25.9%

Foods

32.1%

Miscellaneous household goods 20.7%

Home electrical appliances

14.6%

Distribution of Sales by Original Product Category* (Fiscal year ended June 30, 2019)

Jonetsu KakakuJonetsu Kakaku is a brand centered on foods and other items that are indispensable to daily life based on the concept of offering amazingly low prices.

Jonetsu Kakaku PremiumOffering unique, high-value-added products, Jonetsu Kakaku Premium is Jonetsu Kakaku’s top-of-the-line brand in terms of price, quality, features, and design.

Jonetsu Kakaku PlusJonetsu Kakaku Plus offers electrical appliances and other products with high levels of quality and design to provide customers with a bit more convenience and a bit more joy.

Style ONE is a lifestyle support brand featuring a lineup of approxi-

mately 1,500 items indispensable to daily life, including foods and

lifestyle items, that strikes an ideal balance between price and

quality. Recognizing the need for affordability in everyday items while

refusing to sacrifice quality, Style ONE is a private brand that offers

safety and peace of mind by tailoring to customer lifestyles.

Style ONE

In the eco!on brand of eco-friendly products, we develop and sell safe

and secure products with minimal impact on the environment. By

inspiring customers to buy these products due to their friendliness to

the environment, we also support them in living healthier, more com-

fortable, and eco-friendly lifestyles, thereby joining hands with custom-

ers to help protect the environment and realize a sustainable society.

eco!on

Prime ONE is a new lifestyle creation brand that delivers carefully

crafted levels of quality in food and home-related products. With

care paid to producing regions, ingredients, and manufacturing

processes, Prime ONE products boast the pinnacle of taste and

quality. Considerate of safety, health, and the environment, these

products go a step further to deliver unparalleled satisfaction to

customers looking for more joy and fulfillment in their everyday lives

through affordable prices.

Prime ONE

Domestic Retail

* Original products: Jonetsu Kakaku private brand products and OEM products Scope: Don Quijote Co., Ltd. and Nagasakiya Co., Ltd.

Customers

Customer input

Strive to provide product lineups that attract as

many customers as possible

Strive to provide quality products at

low prices

Strive to develop products that

exceed customer expectations

Hit Products from Jonetsu Kakaku Series

The PPIH Group’s line of Jonetsu Kakaku Plus label 4K televisions,

which was launched in June 2017, won the top prize in the 6th

Generic Consumer Electronics Awards. In addition to receiving the

top prize in this program for the second consecutive year, our line of

Jonetsu Kakaku Plus label 4K televisions was inaugurated into the

Generic Consumer Electronics Awards hall of fame in recognition of

its contributions to spreading awareness of generic-brand

electronics.

Also, our Jonetsu Kakaku Plus 360° Camera-Equipped Drive

Recorder and Jonetsu Kakaku Plus 4K Video Camera were honored

in their respective categories of digital appliances and AV equipment

at the 7th Generic Consumer Electronics Awards out of reflection of

the high evaluation of their ability to deliver exceptional quality at

astoundingly low prices. Furthermore, Jonetsu Kakaku Plus Protect

Ion Hair Dryer, our second model jointly developed with hair dryer

manufacturer TESCOM Co., Ltd., was recognized in the beauty and

health appliance category of the 7th Generic Consumer Electronics

Awards, following suit with its predecessor, which won a similar

award in the previous year. This product was recognized for features

such as the boost hood peripheral, which offers even more powerful

airflow.

Jonetsu Kakaku lineup

Partner companies

PPIH Group

Jonetsu Kakaku Plus Ultra HD 50V 4K LCD

Jonetsu Kakaku Plus 360° Camera-Equipped Drive Recorder

Jonetsu Kakaku Plus 4K Video Camera

Jonetsu Kakaku Plus Protect Ion Hair Dryer

Overseas Retail

Overseas ExpansionIn addition to Japan, the PPIH Group is steadily expanding its store network overseas. Our overseas operations comprise our Asia business, which develops DON DON DONKI stores based on the concept of a Japan-brand specialty store, and the United States business, which boasts brands with enduring customer support. In these operations, we are leveraging the expertise cultivated in Japan while exercising the competitiveness of our overseas stores.

12 13

In the United States, we operate TOKYO CENTRAL stores based on

the concept of “food entertainment” as well as the long-beloved Times

brand of stores in Hawaii. These stores are characterized by their

lineups of locally procured vegetables and fish as well as prepared

food corners offering Japanese dishes tailored to the local market.

TOKYO CENTRAL Yorba Linda, opened in California in October

2018, complements its lineups of fruits, vegetables, meat, and fish

with prepared foods and sushi made using Japanese ingredients as

well as authentic ramen prepared under the direction of a Japanese

chef. This store also supplies Japanese sake and shochu spirits,

which can be difficult to find locally. It offers a product mix

combining both imports from Japan and locally procured products.

The ever-crowded eat-in space makes a strong impact by being

modeled after a traditional Japanese banquet hall, attracting cus-

tomers from outside of the store’s business area and proving so

popular that it is anticipated to contribute to the entrenchment of

Japanese dining culture.

The PPIH Group plans to expand its network in the United States

centered on this format by fully leveraging the experience and exper-

tise it has cultivated thus far to create store formats without peer to

shape new markets.

United States Business

The DON DON DONKI Orchard Central store opened its doors inside

a commercial facility in Singapore in December 2017. Over the next

roughly one and a half years leading up to April 30, 2019, a total of

seven DON DON DONKI stores were opened in Singapore.

DON DON DONKI is a new store format designed for the Southeast

Asia market that features assortments of made-in-Japan and made-

for-Japan products. These stores have won the favor of countless

customers with their safe, fresh foods and other daily necessities

offered at reasonable prices and the food courts that allow custom-

ers to experience Japanese dining culture.

Outside of Singapore, the PPIH Group is rapidly expanding its

store network in Thailand and Hong Kong, and, as a result, there

were a total of 11 DON DON DONKI stores in Southeast Asia on

June 1, 2020.

Asia Business

Japan Mobile Food CornersDON DON DONKI stores feature Japan mobile food corners that allow customers an accessible option for enjoying Japanese

cuisine while shopping. Below are some of our most popular offerings.

Incredibly popular milkshakes made of Hokkaido milk

Attention to detail wholly apparent in register lanes named after Japanese locations Vibrant displays of Japanese snacks based on Don Quijote’s practices

Counter bar serving sake and robust lineup of sushi and other prepared foods allowing customers to experience Japanese dining culture as they shop

SM

Fresh Japanese vegetables, fish, and meat products offered at the lowest prices around through direct import

Prepared food corner at DON DON DONKI City Square Mall in Singapore, featuring popular Japanese dishes

Meat and fish products purchased by customers being prepared at DONKI MALL THONGLOR

Japan-grown peaches and strawberries proving popular at DON DON DONKI Mira Place 2 in Hong Kong

Immensely popular yakiimo and daigakuimo (candied sweet potatoes) that draw long lines every day

14 15

PPIH Group Network Japan

578 storesDon Quijote 224

MEGA Don Quijote*1 134

MEGA Don Quijote UNY / Don Quijote UNY*1 40

Apita / Piago / Piago La: Foods Core 151

Nagasakiya, etc. 3

Picasso*1 26

Hong Kong

2 storesDON DON DONKI 2

Thailand

2 storesDON DON DONKI 2

Singapore

7storesDON DON DONKI 7

California

10 storesMARUKAI 5

TOKYO CENTRAL 5

The Company converted UNY Co., Ltd. into a consolidated subsid-

iary in January 2019, greatly expanding its scale. We have been

steadily expanding our store network both in Japan and overseas,

and the total number of Group stores on June 1, 2020 was 627. The

transformations brought about by the name change and the expan-

sion of the Group’s scale have poised us to accelerate our evolution

with the aim of becoming a globally competitive retail group.

Hawaii

28 storesDon Quijote 3MARUKAI 1 Times*2 24

*2 Big Save and other stores operated by QSI, Inc. are included under the Times format.

*1 New MEGA Don Quijote is included under the MEGA Don Quijote format, while Don Quijote UNY is included under MEGA Don Quijote UNY. Essence, Kyōyasudō, Ekidonki, Soradonki, and Jonetsu Shokunin are included under the Picasso format.

Number of Stores by Format

FY2019FY2015 FY2016 FY2017 FY2018

Overseas stores

Nagasakiya

Doit*3

MEGA Don Quijote UNY

Picasso

mini Piago*4

MEGA Don Quijote

Apita and Piago

Don Quijote

693 stores

418368341

306

*3 The Doit stores operated by Doit Co., Ltd. (currently Sky Green Co., Ltd.), which operates home center and renovation businesses, were removed from the scope of consolidation effective February 1, 2020, following a business transfer via an a bsorption-type company split.

*4 On April 1, 2020, 80% of the shares held in 99ICHIBA Co., Ltd., the company that operates mini Piago stores, were transferred and, as a result, mini Piago stores were withdrawn from the PPIH Group as of this date.

Total number of Group stores

627stores(As of June 1, 2020)

16 17

United Group Management

The PPIH Group believes that delegating a wide range of authority to

employees with varied values and individuality and cultivating

employees who can think and act autonomously will help foster a

corporate culture that continuously generates innovation. For this

reason, a dedicated organization has been established to promote

diversity with the aim of cultivating such a corporate culture through

the combination of the individuality and values of all employees,

regardless of gender, age, nationality, physical or mental characteris-

tics, sexual preference, or gender identity.

Particular effort will be devoted to the cultivation of non-Japanese

employees going forward to accommodate our overseas expansion

and to cater to the growing inbound demand. To this end, we will

seek to entrench understanding of Genryu (The Source), a collection

of the PPIH Group’s corporate philosophies, among non-Japanese

employees to instill in them our fundamental founding spirit and

DNA that have lived on since our founding.

Invigoration of Corporate Culture by Promoting Diversity

The PPIH Group aspires to develop workplace environments that

empower employees to work with high motivation. To contribute to

this motivation, we delegate a great deal of authority for procurement,

pricing, product displays, presentation methods, and other aspects

of store operations to employees, including part-time employees.

Moreover, we are taking steps to allow every employee to find the

work style that suits them best. These measures include introducing

shorter shifts for employees who can only work at certain times and

a certain number of hours, such as women and senior citizens.

Development of Empowering Workplace Environments

The LGBT Project was launched in June 2016 to facilitate the estab-

lishment of a workplace environment in which members of the

LGBT community are able to exercise their individuality and capa-

bilities to the fullest, as part of our efforts to promote employee

understanding regarding sexual minorities. Our goal is to ensure that

our stores can be enjoyed by all customers and, to this end, we are

improving employee awareness through in-store training and other

initiatives. In addition, we have been participating in Tokyo Rainbow

Pride, Japan’s largest LGBT pride event, since 2017 in order to

proactively promote understanding of the LGBT community.

Support for the LGBT Community

Coexisting and prospering together with business partners

Collaboration on product proposals and supply

Customer satisfaction

Customer attraction, sales increases

Cost-reduction service utilizing economies of scale

Better business environmentBusiness partners

Overview of kyoeikai Co-Prosperity Club

PPIH GROUP employees grow and excel together by having significant authority delegated to them equally regardless of their nationality

In 2013, the PPIH Group established the kyoeikai (co-prosperity

club) membership-based organization in accordance with the belief

that strong relationships with customers form crucial lifelines for

winning out against the intense competition of the retail industry.

This organization is meant to enable the Group and its partners to

pursue development and growth together on an equal standing.

Through kyoeikai seminars and events, we aim to build trusting

relationships with partners in order to foster a sense of solidarity

between the employees of partners and of the PPIH Group. The

activities of kyoeikai continue in 2019, with the number of member

companies exceeding 1,900.

　Genryu (The Source) describes the ideal relationship we should

pursue with our business partners, indicating the importance of

maintaining long-term, mutually beneficial relationships with partners

by adhering to the principle of avoiding the “Three Don’ts” (“don’t

make them wait,” “don’t break promises,” and “don’t be arrogant”) in

business negotiations.

Coexistence and Co-Prosperity with Partners

UD Retail

Employees FY2017 FY2018 FY2019

Male employees (consolidated) 5,127 5,713 9,956

Female employees (consolidated) 1,581 2,163 3,590

Number of employees taking maternity leave or childcare leave*1*2 376 578 664

Number of employees on short work hours for childcare*2 24 41 277

Number of employees taking nursing care leave*1*2 15 19 42

*1 Includes part-time employees*2 Includes employees from UNY Co., Ltd. and its affiliates from January 2019

Regular Partner Advocacy Meetings

The PPIH Group holds annual partner advocacy meetings to

which the Group’s business partners are invited to receive

reports on its management strategies and business outlook.

Roughly 3,000 business partners, including those of UNY,

gathered at the May 2019 meeting, where they united in

their pledge to continue working together in pursuit of fur-

ther growth.

The PPIH Group is committed to maintaining appropriate and

healthy relationships with its business partners. For this reason, we

have established dedicated internal and external hotlines for busi-

ness partners to enable them to report on any areas of concern in

the behavior of PPIH Group transaction representatives. We

endeavor to respond earnestly to feedback from business partners,

implementing swift improvements while ensuring fair transactions to

build strong, trust-based relationships.

Dedicated Hotline for Business Partners

United with Colleagues United with Partners

The Pan Pacific International Holdings Corporation was

chosen for inclusion in the 2020 Bloomberg Gender-

Equality Index. The Company has been included in this

index for two consecutive years and was the only retail

sector company in Japan to be included in the 2019 and

2020 indexes.

The PRIDE Index evaluates the efforts of corporations to

contribute to the LGBT community. The PPIH Group was

awarded the silver rating in the PRIDE Index in 2017,

and the top rating of gold in 2018 and 2019. The

Company received high praise for enabling employees

utilizing its Same-Sex Partnership System to receive

monetary gifts for weddings and other employee benefits.


Real Estate Division, etc.

Name Japan Commercial Establishment Co., Ltd.Representative President: Kazuma HirataBusiness Activities Real estate leasing, management, trading, and intermediation;

parking lot operation and management, etc.Head Office 4-14-1 Kitakasai, Edogawa-ku, Tokyo 134-0081 Japan

Phone: +81-3-5667-7421 Fax: +81-3-5667-7451Date Established November 26, 2001Paid-in Capital ¥1,600 million (as of June 30, 2020)URL https://www.j-ce.co.jp (in Japanese only)Subsidiaries SUNREFORM Co., Ltd. Asset Property Management Co.,Ltd.

Name REALIT Co., Ltd.Representative President: Akio ArigaBusiness Activities Internet servicesHead Office Kanda Yasukuni-dori Bldg. 5F, 3-3 Kanda Ogawa-cho, Chiyoda-ku,

Tokyo 101-0052 JapanPhone: +81-3-5217-2590 Fax: +81-3-5217-2591

Date Established January 20, 2005Paid-in Capital ¥100 million (as of June 30, 2020)URL https://www.realit.co.jp (in Japanese only)

Advertising and Promotion Division

Name Japan Asset Marketing Co., Ltd.Representative President: Mitsuaki ShirahamaBusiness Activities Tenant leasing, property management, building maintenance, etc.Head Office 4-14-1 Kitakasai, Edogawa-ku, Tokyo 134-0081 Japan

Phone: +81-3-5667-8023 Fax: +81-3-5667-8024Date Established September 2, 1999Paid-in Capital ¥37,591 million (as of March 31, 2020)URL https://www.jasset.co.jp/en

Business Activities Overseas import and export, product inspection, quality control, production control, product planning, and information disclosure

Shanghai Head Office KYMS Building Unit Office 630, 555 Wu Ding Road, Jingan District, Shanghai 200040 ChinaPhone: +86-21-5879-3241 Fax: +86-21-5879-4109

Guangzhou Branch Office 1906, 11 Yiying Street, Xingang Middle Road, Haizhu District, Guangzhou 510310 China Phone: +86-20-3880-6617 Fax: +86-20-3881-5476Yiwu Branch Building A, Jinfuyuan, Office 1115, 800 Chouzhou North Road, Yiwu,

Zhejiang 322000 ChinaPhone: +86-579-8565-8005 Fax: +86-579-8564-5635


Name D-ONE Co., Ltd.Representative President: Mitsuaki ShirahamaBusiness Activities Store development, real estate monetization, advisory services, etc.Head Office 2-19-10 Aobadai, Meguro-ku, Tokyo 153-0042 Japan

Phone: +81-3-5725-7537 Fax: +81-3-5725-7040Date Established September 24, 2004Paid-in Capital ¥48 million (as of June 30, 2020)URL http://www.d-one.co.jp (in Japanese only)



Business Activities Product inspection, quality control, production control, product planning, and information disclosure

Head Office 952 Ramaland Building 13F, Rama 4 Rd., Suriyawongse, Bangrak, Bangkok 10500 ThailandPhone: +66-96-809-3281

Note: Items not dated are as of July 1, 2020.

Main Overseas Offices

Pan Pacific International Trading Co., Ltd.Pan Pacific International Trading Co., Ltd. Bangkok Representative Office

Overseas Retail Division

Name Pan Pacific Strategy Institute Pte. Ltd.Representative Chairman, President & CEO: Takao YasudaBusiness Activities Management of overseas operating companies

and related activities

Head Office 12 Marina Blvd., #34-03 Marina Bay Financial Centre Tower 3 018982 Singapore

Date Established December 20, 2018Paid-in Capital US$304 million and SG$1 (as of June 30, 2020)

Name Pan Pacific Retail Management (Singapore) Pte. Ltd.Business Activities Operation of DON DON DONKI stores in SingaporeHead Office 12 Marina Blvd., #34-03 Marina Bay Financial Centre Tower 3 018982 SingaporeURL https://www.dondondonki.com/sg/

PPRM (Singapore)

Name DONKI Thonglor Co., Ltd.Business Activities Operation of DON DON DONKI stores in ThailandHead Office No. 107 DONKI Mall Thonglor Floor No. 5, Room No. 501, Soi

Sukhumvit 63 (Ekamai), Klongton Neau, Wattana, Bangkok 10110 Thailand

URL https://www.dondondonki.com/th/

DONKI Thonglor

Name Pan Pacific Retail Management (Hong Kong) Co., Ltd.Business Activities Operation of DON DON DONKI stores in Hong KongHead Office Unit 2107, 21F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong KongURL https://www.dondondonki.com/hk/

PPRM (Hong Kong)

Name Don Quijote (USA) Co., Ltd.Business Activities GMS operations in HawaiiHead Office 801 Kaheka St., Honolulu, HI 96814 USAURL https://www.donki.com/store/shop_list.php?bsns=3 (in Japanese

only)

Don Quijote (USA)

Name QSI, Inc.Business Activities Supermarket operations in HawaiiHead Office 3375 Koapaka St., Honolulu, HI 96819 USA

QSI

Name MARUKAI CORPORATIONBusiness Activities Supermarket operations and development, import, and sales

of food and household itemsHead Office 1740 West Artesia Blvd., Gardena, CA 90248 USAURL https://www.marukaicorp.com

https://www.tokyocentral.com

MARUKAI CORPORATION

Kanda Yasukuni-dori Bldg. 5F, 3-3 Kanda Ogawa-cho, Chiyoda-ku,

952 Ramaland Building 13F, Rama 4 Rd., Suriyawongse, Bangrak,

Note: Items not dated are as of July 1, 2020.

https://www.donki.com/store/shop_list.php?bsns=3 (in Japanese

Company Overview

Name Marshmallow Co., Ltd.Representative President: Shinichiro Tsukuda　　　　　　　　 Representative Director: Naoki YoshidaBusiness Activities Research and proposal regarding the use of technology in the retail field, information-related services, etc.Head Office 2-19-10 Aobadai Meguro-ku,Tokyo 153-0042 JapanDate Established October 7, 2019Paid-in Capital ¥450 million (as of June 30, 2020)URL https://marshmallow.inc (in Japanese only)

Digital division

Name Don Quijote Co., Ltd.Representative President: Naoki YoshidaBusiness Activities Operation of big convenience and discount stores focusing

on sales of electrical appliances, daily commodities, foods, watches and fashion merchandise, and sporting goods and leisure equipment

Head Office 2-19-10 Aobadai, Meguro-ku, Tokyo 153-0042 JapanPhone: +81-3-5725-7532 Fax: +81-3-5725-7322

Date Established August 14, 2013Paid-in Capital ¥100 million (as of June 30, 2020)URL https://www.donki.com/enSubsidiaries STORECREWS Co., Ltd. 　　 Fujiya Shoji Co., Ltd.

Domestic Distribution and Retail Division, etc.

Name UNY Co., Ltd.Representative President: Kenji SekiguchiBusiness Activities Operation of general retail stores centered on the Tokai area

that provide multifaceted support for regional customers’ lifestyles with offerings encompassing clothing, home-related products, foods, and leisure goods

Head Office 1 Amaikegotanda-cho, Inazawa-shi, Aichi 492-8680 JapanPhone: +81-58-724-8111 Fax: +81-58-724-8034

Date Established February 16, 2012Paid-in Capital ¥10,000 million (as of June 30, 2020)URL https://www.uny.co.jp (in Japanese only)Subsidiaries UCS Co., Ltd.　　　　　　　　 NEXCOM Inc.　　　　　　　　 Sun Sougou Maintenance Co., Ltd.

UD RetailName UD Retail Co., Ltd.Representative President: Mikihira Katagiri Executive Vice President: Kousuke SuzukiBusiness Activities General retail business operating Don Quijote UNY and

MEGA Don Quijote UNY general discount stores and aimed at developing stores loved by customers of all ages

Head Office 2-18 Irie, Kanagawa-ku, Yokohama-shi, Kanagawa 221-0014 JapanPhone: +81-45-439-0881 Fax: +81-45-439-0883

Date Established November 13, 2017Paid-in Capital ¥1.5 million (as of June 30, 2020)URL https://www.donki.com/uny/ (in Japanese only)

Name Nagasakiya Co., Ltd.Representative President: Shinichiro AkagiBusiness Activities Prominent, well-established company in Japan’s distribution

sector, where it develops GMS operations with a focus on food and clothing, and primarily operates MEGA Don Quijote family-oriented general discount stores

Head Office 2-19-10 Aobadai, Meguro-ku, Tokyo 153-0042 JapanPhone: +81-3-5725-7532 Fax: +81-3-5725-7322

Date Established January 31, 1948Paid-in Capital ¥100 million (as of June 30, 2020)URL https://www.nagasakiya.co.jp (in Japanese only)

Name Pan Pacific International Holdings CorporationRepresentative President and CEO, Representative Director: Naoki YoshidaBusiness Activities Corporate planning for and management of Group

companies through the holding of shares in such companies, contracted administrative operation of subsidiaries, and real estate management

Head Office 　　 2-19-10 Aobadai, Meguro-ku, Tokyo 153-0042 JapanPhone: +81-3-5725-7532 Fax: +81-3-5725-7322

Date Established 　　September 5, 1980Capital 　　¥23,008 million (as of June 30, 2020)Number of Employees　　966 (Consolidated: 13,641, as of March 31, 2020)URL 　　https://ppih.co.jp/en/


Name Daishin CorporationRepresentative President: Nobuharu OhashiBusiness Activities General retailing operations commenced in 1948 primarily

involving operations of the MEGA Don Quijote Omori Sanno store

Head Office 3-6-3 Sanno, Ota-ku, Tokyo 143-0023 JapanPhone: +81-3-3773-1721 Fax: +81-3-3778-0727

Date Established January 29, 1948Paid-in Capital ¥56.9 million (as of January 31, 2020)URL http://www.daishin-jp.com (in Japanese only)

・基本形

・正称込み_狭小スペース用。正称がつぶれないように文字の線幅を細く調整しています

・正称なし_狭小スペース用。正称なしの拡大版は使用しないでください

※右側のマークは、シンボルマーク的でないため、PPIT 部分と分離して使用するのも良いと思います。

Name Pan Pacific International Trading Co., Ltd.Representative President: Tetsuro BabaBusiness Activities Product development, procurement, and production control

overseas; procurement of products for overseas markets; exports to Group companies; etc.

Head Office 2-19-10 Aobadai, Meguro-ku, Tokyo 153-0042 JapanDate Established June 3, 2015Paid-in Capital ¥10 million (as of June 30, 2020)URL http://www.ppit.co.jp/en/

Board of Directors and Executive Officer

Founding Chairman and Supreme Advisor of the Company （Director）

Takao Yasuda

Director

President & CEO, Representative DirectorNaoki Yoshida

Director & Executive OfficerKazuhiro Matsumoto Kenji Sekiguchi Takeshi Nishii Ken Sakakibara Tetsuji Maruyama Yuji Ishii Hiroshi Abe

DirectorTakao Yasuda

Outside Director(Audit & Supervisory Committee Member)Yukihiko Inoue Yasunori Yoshimura Tomiaki Fukuda Jumpei Nishitani Masaki Yoshino

Executive OfficerPresident & CEO, Representative Director

Naoki Yoshida

President of Tenant Leasing Business CompanyExecutive Officer

Kazuma Hirata

President of East Don Quijote CompanyExecutive Office

Nobuharu Ohashi

Chief Strategy Officer(CSO)Head of Financial Company Preparation OfficeSenior Managing Executive Officer

Seiji Shintani

Chief Financial Officer(CFO)Senior Managing Executive Officer

Mitsuo Takahashi

Director & Executive Officer

Yuji Ishii

Chief Merchandising Officer (Global)Vice President of Asia CompanyDirector & Managing Executive Officer

Kazuhiro Matsumoto

President of GMS CompanyDirector & Managing Executive Officer

Kenji Sekiguchi

President of West Don Quijote CompanyDirector & Managing Executive Officer

Takeshi Nishii

Chief Marketing & Integration Officer(CMIO)Executive Officer

Tetsuya Karube

President of North America CompanyExecutive Officer

Yasuyuki Sakamoto

Head of Singapore and Malaysia BusinessExecutive Officer

Satoshi Machida

Head of Hong Kong and Taiwan BusinessExecutive Officer

Mitsuyoshi Takeuchi

Head of Nagasakiya BusinessExecutive Officer

Shinichiro Akagi

Head of UDR BusinessExecutive Officer

Mikihira Katagiri

Executive Officer

Keiji Hayakawa

Director & Executive Officer

Hiroshi Abe

Executive Officer

Takayuki Hyuga

Executive Officer

Shigenari Yasukawa

Executive Officer

Hideki Goto

Executive Officer

Takeshi Haga

Chief Merchandising Officer(Food)Executive Officer

Toshiya Hatsuyama

Chief Digital Officer(CDO)Executive Officer

Shinichiro Tsukuda

Executive Officer

Takahito Kanno

Executive Officer

Shuuichi Takeuchi

Executive Officer

Yoshihiro Habata

Vice Head of UDR BusinessExecutive Officer

Kousuke Suzuki

Chief Merchandising Officer(Non-Food)Director & Managing Executive Officer

Ken Sakakibara

Head of CSO's OfficeDirector General of Executive CommitteeManaging Executive Officer

Hideki Moriya

Chief Merchandising Officer(Private Brands)Head of President's OfficeDirector & Executive Officer

Tetsuji Maruyama

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