Summary Report of Consolidated Financial Results
For the Fiscal Year Ended June 30, 2023

(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)
Pan Pacific International Holdings Corporation
Securities Code No.: 7532
Shares Listed:Tokyo Stock Exchange
Address:
2-19-10 Aobadai, Meguro-ku, Tokyo
Representative:
Naoki Yoshida, President and CEO, Representative Director
Contact:
Keita Shimizu, Director, Executive Officer and CFO (Phone:+81-3-5725-7588)
URL:
https://ppih.co.jp/(Amounts in million yen are rounded off to the nearest million)
1. Overview of Business Results and Financial Position for the fiscal year ended June 30, 2023 (from July 1, 2022 to June30, 2023)(1) Results of Business Operations(Millions of yen, except per-share data)
Profit Attributable
Change Operating Change Ordinary Change
ChangeNet Sales
to Owners of(%)(%)
Income(%)
Income(%)
ParentFiscal year ended
1,936,783
5.8
105,25918.7
110,994
10.5
66,167
6.8
June 30, 2023
Fiscal year ended
1,831,280
7.2
88,6889.2
100,44223.3
61,92815.2
June 30, 2022
(Note) Comprehensive income: 71,775 million yen [12.0%] (FY 2023.6), 64,081 million yen [10.1%] (FY 2022.6)
Net Income
Per Share(Yen)
Fiscal year ended
June 30, 2023
Fiscal year ended
June 30, 2022

Net Income
Per Share-fully
diluted (Yen)

Return on
Equity (%)

Ordinary
Income on Total
Assets (%)

Operating
Income on
Net Sales (%)

110.94110.67

15.7

7.7

5.4

102.64102.41

15.3

7.3

4.8

(Reference)Equity in earnings of affiliates:679 million yen (FY 2023.6), 498 million yen (FY 2022.6)(2) Financial Position(Millions of yen, except per-share data)
Total Assets

Ratio of Shareholders’ Equity
to Total Assets (%)

Net assets

Net Assets
per Share (Yen)

As ofJune 30,2023
1,481,058
463,539
30.6
June 30,2022
1,383,678
399,247
28.3(Reference) Equity: 453,261 million yen (as of June 30, 2023), 392,220 million yen (as of June 30, 2022)(3) The Consolidated Statements of Cash Flows

Fiscal year ended
June 30, 2023
Fiscal year ended
June 30, 2022

759.75657.75(Millions of yen)

Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Cash and Cash
Equivalents

137,955(61,997)(18,217)

246,195

95,136(44,756)(53,854)

180,418

2. Dividends
Dividend per share (yen)Year Ended June 30,
2022
Year Ended June 30,2023
Year Ending June 30,2024 (Forecast)

Dividends intotal (annual,Millions of yen)

Dividend payout
ratio (consolidated
basis, %)Dividends on net
assets (consolidated
basis, %)17.00

10,137

16.6

2.6

16.00

20.00

11,931

18.0

2.8

16.00

21.00

Six Months Ended
December 31

Year Ended
June 30

Total

3.00

14.00

4.00
5.00

―

(Note) The figure of dividends per share for the Year Ended June 30, 2023 is revised from 14.00 yen to 16.00 yen.

1

3. Consolidated Business Forecast：For the year ending June 30, 2023 (From July 1, 2023 to June 30, 2024)(Millions of yen, except per-share data)

Six Months Ending
December 31, 2023
Year Ending
June 30, 2024

Net Sales

Change(%)

Operating
IncomeChange(%)

Ordinary
IncomeChange(%)

ProfitAttributableto Owners of
ParentChange(%)

Net
Income per
Share(Yen)

1,031,800

5.5

58,9002.5

56,000(2.1)

35,000

(4.8)

58.67

2,062,100

6.5

111,000

5.5

107,400(3.2)

66,7000.8

111.804. Others(1) Significant changes in the scope of consolidation: Yes
Newly consolidated:－ , Excluded: 1 company (B'CAUSE Pte. Ltd.)(2) Changes in accounting policies concerning preparation of consolidated financial statements① Changes in line with revision to accounting standards: Yes② Other changes: None
③ Changes in accounting estimates: None
④ Restatement: None
(3) Number of outstanding shares (Common shares)① Number of outstanding shares (Treasury shares included) June 30, 2023
June 30, 2022
② Number of treasury shares
June 30, 2023
June 30, 2022
③ Average number of outstanding shares during the period
June 30, 2023
June 30, 2022

634,666,240 shares
634,378,640 shares
38,073,224 shares
38,073,224 shares
596,450,914 shares603,329,167 shares※This financial summary is not subject to audit conducted by certified public accountants or an audit corporation.
※Explanation regarding the appropriate use of forecasts of business results
The financial forecasts of business results are based on judgments and estimates that have been made using currently
available information. By nature, such financial forecasts are subject to uncertainties and risks. Therefore, actual
results might be significantly different from the aforementioned forecasts for a variety of reasons, including changes
in economic environments related to our business, market trends and foreign currency exchange rates.
※The Company plans to hold a financial result briefing for security analysts and institutional investors on August 16,
2023 Presentation materials for the briefing will be available on the Company’s website.

2

Consolidated Balance Sheets(Millions of yen)
As of June 30,

As of June 30,

2022

2023

AmountAmountAssetsCurrent assets¥176,777¥242,088

Notes and accounts receivables-trade

12,72813,782

Accounts receivables - installment

52,12255,350Operating loans

8,115

9,047

Cash and deposits

205,893

194,537

Prepaid expenses

7,904

8,629

Deposits paid

4,768

5,357

Other

20,05225,541

Allowance for doubtful accounts(1,828)(2,496)

486,531551,836

Buildings and structures, net

268,358

287,975

Tools, furniture and fixtures, net

35,02235,027

Merchandise and finished goods

Total current assets

Non-current assets
Property, plant and equipment

Other, net

1,412

1,393

Land

314,711

318,721

Construction in progress

19,64915,532Right of use assets, net

25,91330,561

Total property, plant and equipment

665,065

689,209

Goodwill

61,75961,002

Other

24,45827,528

Total intangible assets

86,21788,53027,226

34,643Long-term loan receivables

966

9Long-term prepaid expenses

4,859

4,370

Retirement benefit asset

17,45517,806

Deferred tax assets

20,84020,686

Lease and guarantee deposits

73,22571,845

Other

3,422

3,467

Intangible assets

Investments and other assets
Investment securities

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets

Total assets

3(2,129)(1,342)

145,864

151,484

897,146929,222¥1,383,678¥1,481,058

(Millions of yen)
As of June 30,

As of June 30,

2022

2023

AmountAmountLiabilities
Current liabilities¥152,885¥168,661

Current portion of long-term loan payables

26,91834,364Current portion of bonds

11,421

10,930Accounts payables – other49,12849,475

Lease obligations

1,804

2,263

Accrued expenses

25,182

26,991

Deposits received

13,48514,012

Income taxes payables

13,492

23,169Provision for point card certificates

1,935

1,962

Notes and accounts payables - trade

Contract liabilities

11,361

20,838Other

18,76515,756

Total current liabilities

326,378

368,422

Bond payables

272,555

261,625

Long-term loan payables

276,201

272,499

Lease obligations

25,471

31,036

Asset retirement obligations

30,33830,835

Other

53,48853,101

Total non-current liabilities

658,053

649,097

984,4311,017,519

Capital stock

23,21723,351

Capital surplus

17,376

17,509Retained earnings

428,044483,366

Treasury shares(80,956)(80,956)

Total shareholders' equity

387,681443,270

Non-current liabilities

Total liabilities

Net assets
Shareholders' equity

Accumulated other comprehensive income
520

1,690

Foreign currency translation adjustment

3,532

7,797

Remeasurements of defined benefit plans

487

503

4,539

9,991

Share acquisition rights

271

771

Non-controlling interests

6,755

9,507

399,247

463,539¥1,383,678¥1,481,058

Valuation difference on available-for-sale securities

Total accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated Statements of Income
Fiscal year ended
June 30, 2022
Amount¥1,831,280(Millions of yen)
Fiscal year ended
June 30, 2023
Amount¥1,936,783

1,287,892

1,336,393

543,388

600,390454,701

495,131

88,688105,259

Non-operating income
Interest and dividend income
Amortization of negative goodwill
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Total non-operating income

855
7
498
15,468
4,145
20,973

893
－
679
6,420
6,269
14,261Non-operating expenses
Interest expenses paid on loans and bonds
Cost of claim's liquidation
Commission fee
Other
Total non-operating expenses
Ordinary income

7,509
1
450
1,260
9,219
100,442

7,703
－
94
729
8,526
110,994

Extraordinary income
Gain on sales of non-current assets
Reversal of provision for environmental measures
Other
Total extraordinary income

924
85
95
1,105

19
4
32
54

Extraordinary losses
Impairment loss
Loss on retirement of non-current assets
Loss on closing of stores
Loss on disaster
Loss on litigation
Other
Total extraordinary losses
Profit before income taxes

5,720
1,433
952
174
548
692
9,519
92,028

5,983
1,565
2,392
71
226
72
10,309100,739

26,812
3,469
30,281
61,747(182)¥61,928

37,367(2,399)34,967
65,772(396)¥66,167

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income

Income taxes - current
Income taxes – deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5Consolidated Statements of Comprehensive Income(Millions of yen)
Fiscal year ended
June 30, 2023

Fiscal year ended
June 30, 2022
AmountAmount¥61,747

Profit¥65,772

Other comprehensive income
Valuation difference on available-for-sale securities(1,289)1,628

Foreign currency translation adjustment

3,335

4,359

Remeasurements of defined benefit plans, net of tax

284

42

Share of other comprehensive income of affiliates

5

(26)

2,334

6,003

¥64,081¥71,775¥64,148¥71,619(67)

156

accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to：
Owners of parent
Non-controlling interests

6Consolidated statements of changes in Net Assets(Millions of yen)
Fiscal year ended
June 30, 2022
AmountShareholders' equity
Capital stock
Balance at beginning of current period
Changes of items during period
Issuance of new shares
Total changes of items during period
Balance at end of current period
Capital surplus
Balance at beginning of current period
Changes of items during period
Issuance of new shares
Purchase of shares of consolidated subsidiaries
Total changes of items during period
Balance at end of current period
Retained earnings
Balance at beginning of current period
Changes of items during period
Dividends of surplus
Profit attributable to owners of parent
Change in scope of consolidation
Total changes of items during period
Balance at end of current period
Treasury shares
Balance at beginning of current period
Changes of items during period
Purchase of treasury shares
Total changes of items during period
Balance at end of current period
Total shareholders' equity
Balance at beginning of current period
Changes of items during period
Issuance of new shares
Dividends of surplus
Profit attributable to owners of parent
Purchase of treasury shares
Change in scope of consolidation
Purchase of shares of consolidated subsidiaries
Total changes of items during period
Balance at end of current period

7

Fiscal year ended
June 30, 2023
Amount¥23,153¥23,21765
65
23,217134
134
23,351

17,121

17,37665
189
254
17,376134－
134
17,509376,152

428,044(10,034)
61,928(2)
51,892428,044(10,734)
66,167(112)
55,322
483,366(15)(80,956)(80,941)(80,941)(80,956)－－(80,956)

416,411387,681129(10,034)
61,928(80,941)(2)
189(28,730)¥387,681

267(10,734)
66,167－(112)－
55,589¥443,270

(Millions of yen)
Fiscal year ended
June 30, 2023
AmountFiscal year ended
June 30, 2022
AmountAccumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period
Foreign currency translation adjustment
Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period
Remeasurements of defined benefit plans
Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period
Total accumulated other comprehensive income
Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period¥1,165

¥520

(644)
(644)
520

1,170
1,170
1,690

749

3,532

2,783
2,783
3,532

4,265
4,265
7,797

199

487

288
288
487

16
16
503

2,113

4,539

2,427
2,427
4,539

5,452
5,452
9,991

Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period

216

271

55
55
271

500
500
771

Balance at beginning of current period
Changes of items during period
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period

19,888

6,755(13,133)(13,133)
6,755

2,752
2,752
9,507

438,628

399,247129(10,034)
61,928(80,941)(2)
189(10,651)(39,381)267(10,734)
66,167
－
(112)
－
8,703
64,292¥399,247¥463,539

Share acquisition rights

Non-controlling interests

Total net assets

Balance at beginning of current period
Changes of items during period
Issuance of new shares
Dividends of surplus
Profit attributable to owners of parent
Purchase of treasury shares
Change in scope of consolidation
Purchase of shares of consolidated subsidiaries
Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period8Consolidated Statements of Cash Flows
Fiscal year ended
June 30, 2022
AmountCash flows from operating activities:
Profit before income taxes
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses paid on loans and bonds
Foreign exchange gains
Share of profit of affiliates accounted for using equity method
Loss on sales and retirement of non-current assets
Loss on closing of stores
Offset payments for house rental fee with lease and guarantee
deposits
Decrease (increase) in notes and accounts receivables – trade
Decrease in inventories
Increase in notes and accounts payables – trade
Decrease (increase) in accounts receivables – installment
Increase in retirement benefit asset
Increase (decrease) in accounts payables – other
Increase (decrease) in deposits received
Increase (decrease) in other current liabilities
Decrease in other non-current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Income taxes refund
Proceeds from insurance benefits
Proceeds from dividend income from affiliates accounted for using
equity method
Payments for loss on disasterNet cash provided by operating activities
Cash flows from investing activities:
Payments for purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchase of intangible assets
Payments for leasehold and guarantee deposits
Proceeds from collection of leasehold and guarantee deposits
Payment for store opening in progress
Payments for purchase of shares ofsubsidiaries resulting in change in scope of consolidation
Payments for purchase of shares of subsidiaries and affiliates
Payments of loan receivables
Other, net
Net cash used in investing activities

9(Millions of yen)
Fiscal year ended
June 30, 2023
Amount¥92,028
38,229
5,720
523
(855)
7,509
(15,468)
(498)
729
952
2,289

¥100,739
42,261
5,983
(136)
(893)
7,703
(6,420)
(679)
1,555
2,392
2,229

8,274
109
595
13,265
(279)
394
(268)
(14,499)(1,932)(11,134)
125,682532(7,803)(39,111)
15,424
1,051
82

(912)
13,154
14,345(3,345)(287)(1,915)
507
4,804
(244)
(4,635)
176,208768(7,737)(31,940)
585
－
170

(722)
95,136(99)
137,955(46,577)
6,125(4,139)
(825)
1,062
(656)

(51,678)
958(7,884)(1,782)
2,122
(611)

(145)

－

－
(601)
1,000
¥(44,756)(3,386)(3)
267¥(61,997)

Fiscal year ended
June 30, 2022
AmountCash flows from financing activities:
Net decrease in short-term loan payables
Proceeds from long-term loan payables
Repayments of long-term loan payables
Proceeds from issuance of bonds
Redemption of bonds
Proceeds from issuance of common shares
Cash dividends paid
Proceeds from share issuance to non-controlling interests
Purchase of shares of subsidiaries not resulting in change in scope of
consolidation
Purchase of treasury shares
Other, net
Net cash used in financing activities
Effect of foreign exchange rate change on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting
from inclusion of subsidiaries in consolidation
Decrease in cash and cash equivalents resulting from exclusion ofsubsidiaries from consolidation
Increase in cash and cash equivalents resulting from merger withunconsolidated subsidiaries
Cash and cash equivalents at end of period

10(Millions of yen)
Fiscal year ended
June 30, 2023
Amount¥(1,500)
30,000(36,394)
79,619(22,566)129(10,034)－(10,646)¥－
30,000(27,171)－(11,421)380(10,734)
5,000(2,239)(80,941)(1,520)(53,854)
22,84919,376
160,875
166－(2,032)(18,217)
9,784
67,525
180,418－－(1,852)－

104¥180,418¥246,195

Segment Information
1. Overview of reportable segments
The Company's reportable segments are components of the Company for which separate financial information is available
and are subject to periodic review by the Board of Directors for the purpose of determining the allocation of management
resources and evaluating performance.
The Company is mainly engaged in merchandise sales and has three reportable segments: "Domestic Business," "North
America Business," and "Asia Business.
The Domestic Business segment mainly operates the big discount convenience store "Don Quijote", the general discountstore for families "MEGA Don Quijote", "MEGA Don Quijote UNY" and the general supermarket stores such as "Apita"and "Piago".
The "North America Business" is a segment operates discount stores and supermarkets in the states of Hawaii andCalifornia in the United States.
The "Asia Business" segment operates "DON DON DONKI" stores based on the concept of Japan brand specialty storesin the Asian region.
(Matters related to changes in reportable segments, etc.)
The Company's growth strategy for the future in domestic market is to striving profitability through (1) expand thebusiness value chain in Japan, (2) provide new CV (Convenience) + D (Discount) + A (Amusement) through DX, (3) promoteorganizational integration and productivity improvement, and (4) systematically create new business format. In overseas
markets, the Company aims to expand its scale by continuing to open new stores in Asia and North America. The Company
has formulated a new medium- to long-term management plan, "Visionary 2025/2030," which aims to improve profitability
by establishing a global value chain.
As a result, the Company changed its reportable segments from "Discount Stores," "General Merchandise Supermarkets,"and "Tenant Leasing" to "Domestic Business," "North America Business," and "Asia Business" effective from the current
consolidated fiscal year.
The segment information for the previous consolidated fiscal year is disclosed based on the reporting segment classification
after the change.
2. Calculation of net sales, profit or loss, assets, liabilities and other items by reportable segment
The accounting method for reported business segments is the same as that described in "Basis of Presenting Consolidated
Financial Statements".
Profits of reportable segments are operating income figures, and intersegment sales or transfers are based mainly onmarket prices.
3. Information on net sales, income or loss, assets, liabilities and other items by reportable segment
For the Fiscal Year Ended June 30, 2023
(Millions of yen)
Reporting segment

Adjustment(Note 1)

Consolidated(Note 2)

¥1,936,783¥－¥1,936,783

133

10,955(10,955)－

233,590

82,476

1,947,738(10,955)

1,936,783

96,404

7,225

1,630

105,259－

105,259

1,097,126

176,433

29,6801,303,239

177,819

1,481,058

29,007

9,943

3,311

42,261－

42,261¥47,053¥8,466¥4,744¥60,263¥－¥60,263

Domestic
business

North America
businessAsiabusiness¥1,620,851¥233,590¥82,343

10,822－

Total

1,631,672

Segment income
Segment Assets

Total

Sales, Segment income
Sales
Sales to third parties
Intersegment sales

Others (Note 3)
Depreciation expenses
Increase in property, plantand equipment, andintangible assets

11Notes1. Adjustment of segment assets of 177,819 million yen includes corporate assets of 183,244 million yen, which are
surplus funds (cash and deposits and investment securities) of the Company, and (5,425) million yen, which areoffsetting eliminations of inter-segment receivables.
2. Segment income is consistent with operating income as reported in the consolidated statements of income.
3. Increase in property, plant and equipment and intangible assets includes an increase in long-term prepaid expenses.
For the Fiscal Year Ended June 30, 2022
(Millions of yen)
Reporting segment

Adjustment(Note 1)

Consolidated(Note 2)

¥1,831,280¥－¥1,831,280－

11,406(11,406)－

200,068

69,226

1,842,686(11,406)

1,831,280

77,724

9,661

1,303

88,688－88,6881,081,021

164,009

33,1301,278,160

105,517

1,383,678

Domestic
business

North America
businessAsiabusiness¥1,561,986¥200,068¥69,226

11,406－

Total

1,573,392

Segment income
Segment Assets

Total

Sales, Segment income
Sales
Sales to third parties
Intersegment sales

Others (Note 3)－
Depreciation expenses
28,1308,042
2,057
38,22938,229
Increase in property, plant¥－and equipment, and¥40,033¥5,118¥5,994¥51,145¥51,145
intangible assets
Notes
1. Adjustment of segment assets of 105,517 million yen includes corporate assets of 111,301 million yen, which are
surplus funds under management (cash and deposits and investment securities) of the Company, and (5,784) million
yen, which are offsetting eliminations of receivables among reportable segments.
2. Segment income is consistent with operating income as reported in the consolidated statements of income.
3. Increase in property, plant and equipment and intangible assets includes an increase in long-term prepaid expenses.

12