Q1 Results for FY2024
November 10, 2023

Pan Pacific International Holdings Corporation

INDEX
１
2
3

Fiscal year ending June 30, 2024
Overview of Q1 results
Fiscal year ending June 30, 2024
Initiatives for Q2 and onwards
Appendix

Explanatory notes for these materials

1. The actual values presented in these materials are rounded to the nearest full unit.

2. The following abbreviations are used in these materials: Pan Pacific International Holdings (7532) as “PPIH,” Don Quijote Co., Ltd. and its stores as “DQ,” UNY Co., Ltd. as“UNY,” UD Retail Co., Ltd. as “UDR,” Singapore as “SG,” Singapore subsidiary as “PPRM (SG),” Hong Kong as “HK,” Hong Kong subsidiary as “PPRM (HK),” Thailand as“TH,” Taiwan as “TW”, Malaysia as “MY”, Macau as “MO”and Group as “GP.”3. PPIH applies the “Ordinance on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements,” but there are sections in thesematerials where the account items and other information have been simplified to an extent where they do not change the intent or meaning of thecontents.
4. The exchange rates used for overseas operations are shown below. (Gelson's fiscal year ends in June, so the exchange rate is different. )Unit：YenFY2023

FY2024P/L

USD

U.S. dollar

131.26

139.63

B/S

136.69144.99P/L

USD(Gelson’s)

139.37145.59B/S

144.81149.58

SGD

Singapore dollar

P/L

94.97

103.67

B/S

98.08

106.95

P/L

3.79

4.01

*Exchange RateP/L uses average exchange rates for the applicable period （ Gelson’s is from July to September, others are from April to June).
B/S are based on the exchange rate at the end of September for Gelson's and at the end of June for all other corporations.

THB

Thai baht

B/S

3.87

4.06

HKD

Hong Kong dollar

P/L

16.73

17.80

B/S

17.42

18.50

1

Overview of Q1 results
for fiscal year ending June 2024

2

Earnings summary for FY2024 Q1

 Q1 results showed net sales of 509.3 billion yen (+35.6 billion yen/+7.5% YoY) and operating
income of 32.9 billion yen (+9.0 billion yen/+37.8% YoY), a record high for a first quarter. We
will continue to try even more new things.

[Period: July 1, 2023 – September 30, 2023]
FY2023 Q1

Actual（Sales ratio）
Net sales
Gross profit
SG&A
Operating profit
Recurring profit
Profit attributable toowners of parent
EPS (Yen)

473.7

FY2024 1H
Earnings Forecast*1

FY2024 Q1 Results

Actual（Sales ratio）

Change(Unit：Billion yen)

YoY

Actual(Sales ratio)

Progress

509.3

+35.6

+7.5％

1031.849.4%(30.5％)(31.1％)

+13.9

+9.7％

49.2%

(25.4％)(24.6％)

+4.9

+4.1％

(31.2％)(5.0％)(6.5％)+9+37.8％(6.1％)(7.1％)+7.4+25.7％(3.9％)(4.8％)+6.2+33.4％+10.3+33.3％

144.3
120.4
23.9
28.7
18.4

30.94

158.2
125.3
32.9
36.1
24.6

41.25

321.9
263

(25.5％)

58.9(5.7％)

56(5.4％)

35(3.4％)

58.67

47.7%
55.8%
64.4%
70.3%
70.3％

3

Discount Store Business
FY2024 Q1

Sales of 324.6 billion yen (up 36.6 billion yen YoY) and operating

income of 18.9 billion yen (up 5.8 billion yen YoY) were record highs

Change in Sales

for Q1 standalone, thanks to growth in existing store sales andcontinued improvement in gross profit margins.

<Billion yen>

Existing store sales grew significantly by 110.9% (+29.9 billion yen) overthe previous Q1. The sales of summer seasonal products increased from
July to September, while demand for outings continued to rise.
 Existing store customer numbers were strong at 102.1% YoY.

0

Q1
FY2023

FY2024 Q1

Existing
StoresNew Stores

Head Office
Expenses& Adjustments

Q1
FY2024

Change in Operating Profit Tax-free sales were 21.1 billion yen, performing steady against the
full-year target. (boosting existing stores sales by +7.3%). In Q1,sales of daily consumables such as cosmetics, which were alsostrong before COVID-19, grew.

<Billion yen>

The gross profit margin was 26.8%, up 0.8% YoY, with growth in PB/OEM(18.3% of total sales, up 2.1% YoY) contributing to the increase. Growthin seasonal products and increased tax-free sales also contributed tothe improved gross profit margin.

The SG&A-to-sales ratio was down 0.4% YoY. Despite an increase insalaries and various expenses due to the review of the personnel system,
the ratio of SG&A expenses to sales was below last year's level due to
SG&A cost control measures, including a review of staffing levels.

▶ DS business tax-free sales<Billion yen>
7
6
5

Tax-free sales

Before COVID-19
The ratio of foreign visitors
compared to 2019

4

0

Existing
StoresNew Stores

Head Office
Expenses& Adjustments

Q1
FY2024

2

40%

1
0

120%
80%

3

Q1
FY2023160%

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep*Source: Japan National Tourism Organization, and other statistics

0%▶ Tax-free sales by nationality
Q1 FY2024

FY2019
6.1%

17.3%
40.5%
S.Korea
China
Others

22.5%

9.6%

13.6%
Taiwan
ASEAN
U.S

5.0%

13.7%
20.1%

31.1%
20.5%

4

GMS Business
FY2024<Billion yen>

Q1

Operating income increased significantly to 7.2 billion yen(+3.3 billion yen YoY) as gross profit margin and SG&A ratio
continued to improve.

Change in Sales

Existing store sales were up 100.3% YoY. Growth in summer seasonal
products contributed to the increase.
Existing store gross profit margin improved to 26.7% (up 1.1% YoY).



0


Q1
FY2023

FY2024 Q1<Billion yen>

Existing
StoresRenovation&ClosedStores etc.

Head Office
Expenses& Adjustments

Q1
FY2024

Change in Operating Profit

PB/OEM sales accounted for 22.8% of total sales (up 4.4% YoY).
Sales of food products grew due to sales enhancement, andnon-food products also benefited from an increase in thenumber of products due to the integration of merchandisingwith the DS business.

In addition, sales growth of summer seasonal products(especially home appliances and apparel) and sales increase
due to sales enhancement of cosmetics also contributed to thegross profit margin improvement.

SG&A expenses decreased by 2.6 billion yen YoY (SG&A to sales ratio:-2.1%), contributing to the increase in operating income. In
particular, personnel expenses decreased due to the integration oftenants and MD headquarters as well as the optimization of
personnel allocation.

▶ Gross profit margin at existing stores FY2022-FY2024*before reflecting expected losses

29.0%
27.0%

0

Q1
FY2023

Existing
StoresRenovation&ClosedStores etc.

Head Office
Expenses& Adjustments

Q1
FY2024

25.0%
23.0%

Q1

FY2022Q2

FY2023Q3

FY2024Q4

5

Overseas Business
FY2024 Q1<Billion yen>

Overall, progress was about the forecasted level. Measures for
growth in the second half of the current fiscal year are being
implemented one after another. Investments will continue tobe made.

Change in Sales■Asia Business

Net sales declined by 0.2 billion yen YoY, and operating income
declined by 0.5 billion yen YoY.



0

Q1
FY2023

FY2024 Q1<Billion yen>

Asia

North
America

Q1
FY2024

Change in Operating Profit






Q1
FY2023

Asia

North
America

SG&A expenses increased YoY due to the cost of new stores in
the previous and current periods, but decreased at existing
stores due to cost control efforts.

■North America Business

0

Sales fell below the previous year's level due to a decline in thenumber of customers resulting from a change in demand foreating out due to a recovery in the human flow, as well as
operational issues. Gross profit margin improved by 1.8% YoY,
thanks to the expansion of PB/OEM and direct trade products.

Q1
FY2024

Net sales increased by 2.5 billion yen YoY, while operating income
declined by 0.2 billion yen YoY, but remained slightly higher than
the forecast.
Although the external environment remained difficult due tocontinued inflation, sales remained strong. Gross profit margin
improved by 0.3% on existing stores basis. Strengthening of
prepared foods and improvement of direct trade ratio weresuccessful.
SG&A expenses were controlled at the same level as theprevious year despite wage hikes, various cost inflation, andinvestments in new warehouse operations and new store
preparations, which contributed to operating income progressin line with the forecast.

*1. Figures for North America are the simple aggregate of DQ USA, MARUKAI, QSI and Gelson’s. Results are for the period from April 2023 to June 2023, while Gelson’s is from July 2023 to September 2023.
*2. Figures for Asia are the simple aggregate of PPRM (SG), PPRM (HK), DONKI Thailand, PPRM(TW), PPRM(MY), and Macau PRRM(MO). Results are the period from April to June 2023.
*3. Gelson's operating profit is calculated after deducting amortization of goodwill (FY2024 Q1 0.9 billion yen, FY2023 Q1 0.9 billion yen).

6

Status of major assets, liabilities and net assets
June 2023
Current Assets

Actual551.8

Cash and
Deposits

242.1

Account
receivableinstallment

55.4

194.5

Products

Non-Current
AssetsLand

Lease andGuarantee
Deposits

Total Assets

553.9

240.8
53.5

189.8

318.7

319.9

71.8

1,481.1＜Status of major assets＞
・Non current asset

Actual

937.7

88.5

Intangible Assets

September 2023

929.2

288

Buildings, etc.

(Unit: Billion Yen)
Change2

Total Current
Liabilities(1.8)

Short-Term
Liabilities

(1.3)
(4.7)
8.5

287.1

(0.8)

90.8

2.3

71.6

1,491.6

June 2023

Accounts PayableTrade*1*1
Total Noncurrent

Liabilities

Corporate Bonds
Long-Term
Borrowings

Actual

*2

368.4

168.7
45.3

(Unit: Billion Yen)

September 2023

Actual

501.8

189.8
173.3

Change

133.4

21.1
128

649.1

505.4

(143.7)

272.5

268.2

(4.3)

261.6

121.3

(140.3)

1.1

Total Liabilities

1,017.5

1,007.2(10.3)(0.3)

Liabilities and Net
Assets1,481.1

1,491.6

10.5

10.5

Net Assets

463.5

484.4

20.9

*1. Short-term liabilities= Short-term loans payable + Current portion of long-term loans payable + Current portion of bonds＜Status of major liabilities＞▶ Interest-bearing debt ： 562.8 billion yen(-16.6 billion yen)

▶ Tangible fixed assets : 696.7 billion yen(+7.5 billion. yen)・ Investment related to store openings, etc. ＜Status of net assets＞▶ Net worth ： 473.7 billion yen: 11 billion yen(+20.4 billion yen from the previous year-end)
・ Depreciation : 8.8 billion yen▶ Capital adequacy ratio ：31.8％(+1.2％ from the previous year-end)＜Others＞▶ Net D/E ratio ：0.68 x(-0.06x from the previous year-end)▶ ROE： 21.2 ％ (+5.5％ from the previous year-end) The company issued 70 billion yen in unsecured bonds on Nov. 9. Using the proceeds, we plan to redeem 140 billion yen of hybrid bonds on Nov. 29.
 As a result, interest-bearing debt is expected to be approximately 490 billion yen at the end of December (Approx. -90 billion yen YoY),
and the net debt-to-equity ratio is expected to be 0.66x (Approx. -0.08x YoY), thus enhancing financial soundness.

7

Status of cash flows and capital expenditure▶ Cash Flow Status

Q1
FY 2023
ActualBalance at Beginning of
Period180.4

Cash Flows fromOperating Activities

19.7(Unit：Billion yen)

ActualQ1
FY 2024

246.2

21.3

(27.4)(5.1)(25.3)(17.2)

Changes During the Period(20.2)

1.7

Balance at the End of the
PeriodFree Cash Flow

(22.3)

*1

160.2
(5.6)

247.9
23.8

*1. Free Cash Flow = CF from operating activities + CF from investing activities▶ Status of capital expenditures
Capital Expenditures

21.8

65.8

41

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Change

17.4

8.1

21.9

87.7

29.4

＜ Operating CF ：+41 billion yen＞

▶ Positive items: 35.8 billion yen in income before
income tax, 10.8 billion yen in depreciation and19.9 billion yen in accounts payable.
Negative items: 3.1 billion yen in foreignexchange gain and 21 billion yen in income
taxes paid.

＜ Investment CF ：-17.2 billion yen＞

▶ Cash out factors included 15.1 billion yen for
tangible fixed assets acquisition associatedwith store openings and 1.8 billion yen for
intangible acquisition.

＜ Financing Activity CF ：-27.4 billion yen＞
▶ Negative items: 16.6 billion yen in repayment oflong-term debt, and 9.5 billion yen in dividends
payment＜ Breakdown of Capex for FY2024＞(4.4)▶ DS business: 5.9 billion yen
GMS Business: 4.5 billion yen
Overseas business: 3.2billion yen
Finance Business: 0.4 billion yen
Others: 3.4 billion yen

8FY2024
Initiatives for Q2 and onwards

9Initiatives for Q2 of FY2024 and onwards

DS
Business

GMS
Business

Asia
Business
North
AmericaBusiness In November, "Maji-Kakaku" (Maji-Price)service was launched in connection with the new"Maji-Voice" service. The company aims to increase the number of customers by offering"products that customers want" that are highly rated on Maji-Voice at members-only prices.
(See more details about "Maji-Voice" in the following section).
 In order to further increase tax-free sales, the company will continue to improve theinfrastructure environment and increase the number of staff to strengthen peak time
operations.

 To improve sales, the company will increase its promotional activities. Promotions for thewhole shopping centre, including tenants, members-only promotions, TV commercials linked
to flyers and web advertising will be carried out.
 PB/OEM was revamped from "StyleONE" to "UNY". Products that convey a sense of better
value for money will be developed and introduced in succession.

 In response to declining demand for eating-in and increasing opportunities to go out, expand
non-food products by digging deeper into categories as well as strengthen products that meet
the tax-free demand of tourists.
 To improve sales, the company will expand its support system and reinforce its workforce,both in Japan and overseas.
 Having reached a certain scale of business, the company will continue to make improvementsin each area and store for future growth.
 As focused merchandising, strengthen prepared foods, and expand PB/OEM and direct trade
products.
 For Hawaii business, improve sales by appropriately reinforcing personnel to address
shortages in the division.
 Improve the central kitchen and warehouse to ensure stable operations for future growth.

10Distribution Revolution Achieved through the"Voice of the Customer" (1) Released a new service called "Maji-Voice" within majica app
Based on corporate philosophy of “The Customer Matters Most”, PPIH has declared its stores to be
People Stores (stores that are most convenient for customers) based on the knowledge gained

through the revamping of the PB (=People Brand). A new majica app service, Maji-Voice, will be
released at the end of November (scheduled).

Stores that are most convenient for customers

The Customer Matters Most
People StoreStores that are most convenient for customers

People Brand
A brand that creates news
together with customers

11Distribution Revolution Achieved through the"Voice of the Customer" (2) With the new "Maji-Voice" service, stores are evolving into the form that customers desire,
not only in terms of products, but also in terms of price and store experience.
▶ “Maji-Voice”

2 main contents

 Syojiki Review (Honest Review) Two choices are available for evaluation of products purchasedfrom more than 50,000 items at any given time, including PB"Jonetz" and other manufacturer products (NB). App members canpost comments, and the ratings and rankings can be viewed at a
glance.

 There is no advertising revenue from manufacturers, etc., andunfavorable comments will be displayed as pure customer reviews.
Product evaluations are visualized like a stock chart to show current
evaluations, and transparency is ensured through an objective
mechanism.
 Preliminary launch (Nov.2) of "Maji-Kakaku,“ (Maji-Price) an
initiative to offer products that are highly rated by Maji-Voice at a
discount, rather than products that companies want to sell.

 Oshiete Bulletin Board (Information Exchange Forum) The content allows customers to freely post requests to the store,questions about products, etc., as a place for exchanging
information with other customers.

▶Other application updatesTop-up from a bank account (scheduled for release in midNovember)

In addition to the existing cash and web top-up with UCS credit
card, majica balance can be top-up from a bank account“The Maji-Voice Realisation Committee” liaises with therelevant parties on requests for stores and productassortments, and the process of dealing with them will be
disclosed in an open and transparent manner.

12

Distribution Revolution Achieved through the"Voice of the Customer" (3)▶ Next Distribution Revolution= The Voice of the Customer is the Growth Drive The People Store concept is a mechanism for transparently sharing customer
feedback on products, services, and store operations, without exception.
 BackgroundMore information is now gathered on the consumer side, rather than on the manufacturer or, for thatmatter, on the retail side. The relationship between producers and consumers has changed and willcontinue to change significantly.

Retail initiative will be transferred to the consumer over a period of time. That is the Next Distribution

PPIH's growth drive is based on taking seriously the voices of our customers, who are becoming more

Revolution.

diverse and no longer prefer uniform products. What sets Maji-Voice apart from traditional reviews isthat we have positioned the voice of the customer as our growth drive.

13

(Reference) October Flash report of domestic DS/GMS business Domestic retail sales landed above the previous year's level. The discount store business
continues to be the driver. Excluding the impact of one less holiday, customer numbers
also exceeded the previous year and continued to be strong.

▶ Year on Year sales of existing store
Unit：％

Jul

Aug

Q1

Sep

■ DS business Sales continued to exceed the previous year's level in all
product categories.

Q2

Oct

Japan

108.5

109.1

106.3

108.0

106.9

GMS

101.8

101.3

97.6

100.3

99.0

DS

111.0

112.0

109.6

110.9

 In food products, sales of ice cream, beverages, and cold
foods continued to grow, as well as products featuring
autumn flavors such as baked sweet potatoes.

110.0

 Sales of home electronics products increased due to therelease of popular game software during the month.
 In health and beauty products, sales of protein andsupplements were strong.

▶Number of Foreign Visitors and Tax Free Sales

While the number of foreign visitors* to Japan was 96% in September
compared to 2019, our DS business has exceeded the 2019 level sinceJune, and monthly tax-free sales in October reached a record high.

<Billion yen>

108

 Excluding the impact of one less holiday, sales at existing100%
stores and food products exceeded the previous year's
80%level.
60%

5

40%

3
0

■ GMS business

20%
Jan

Feb

Mar

2019

Apr

2023

May

Jun

Jul

Aug

Sep

Number of Visitors compared to 2019

*Source: Japan National Tourism Organization and other statistics

Oct

0%

 In food products, sales of fruits and vegetables grew, andcosmetics sales increased in response to demand foroutings.
 On the other hand, sales of winter seasonal products did
not grow, with weak sales of winter clothing, bedding,humidifiers, and other items.

14Appendix

15

Q1 results by business segment ・Breakdown of SG&A

【Period：July 1, 2023 – September 30, 2023】▶Results by business segment
DS businessS a les
Gross profit

GMS business

Q1
FY2023Q1
FY2024

Change

74.8

87

12.2

288

324.6

36.6

Asia business

Q1
FY2023Q1
FY2024

Change

37.7

38.4

0.8

113.3

112.5

Q1
FY2023Q1
FY2024

Change

7.1

7.4

0.3

19.8

(0.8)

19.6

(0.2)

(Unit : Billion yen)

North America
business

Others・Adjustments

Q1
FY2023Q1
FY2024

Change

21.1

22

55.7

58.2

Q1
FY2023Q1
FY2024

Change

0.9

3.7

3.4

(0.3)

1.2

(0.8)

(1.7)

(0.9)

(0.6％)

-

-

-

2.5

Gross profit
ratio

26.0％

26.8％

0.8％

33.3％

34.2％

0.9％

36.0％

37.8%

1.8％

37.8％

37.8％

0.0％

Oper a tingpr ofit

13.1

18.9

5.8

3.8

7.2

3.3

0.6

0.1

(0.5)

1.8

1.6

(0.2)

SG&A

Oper a tingpr ofit r a tio

61.7

4.6％

68.1

5.8％

6.4

1.3％

33.8

3.4％

31.3

6.4％

6.5

(2.6)

3.0％

3.0％

7.3

0.8

0.5％

(2.5％)

19.2

3.3％

20.4

2.7％

(3)
-

4.5

(5.5)
-

5.1

(2.4)
-

0.6

*1. Figures for North America are the simple aggregate of DQ USA, MARUKAI, QSI and Gelson’s. Results are for the period from April 2023 to June 2023, while Gelson’s is from July 2023 to September 2023.
*2. Figures for Asia are the simple aggregate of PPRM (SG), PPRM (HK), DONKI Thailand, PPRM(TW), PPRM(MY), and Macau PRRM(MO). Results are the period from April to June 2023.
*3. Gelson's operating profit is calculated after deducting amortization of goodwill (FY2024 Q1 0.9 billion yen, FY2023 Q1 0.9 billion yen).

▶Breakdown of SG&A

SG&A

Salaries andallowances
Rent

Commission paid
Depreciation
Other

Q1 FY2023

Actual

120.4
45.9

Ratio

25.4％
9.7%

Q1 FY2024

Actual

125.3

47.5

Ratio

24.6%

9.3%

(Unit : Billion yen)

YoY

104.1%

103.4%

14.4

3.0％

15.3

3.0%

105.9%

8.2

1.7%

8.9

1.7%

108.0%

14.4
37.4

3.0％
7.9%

15.1

38.6

3.0%
7.6%

104.5%
103.2%

16

Overview of results by consolidated businesses[Period: July 1, 2023 – September 30, 2023]
ActualDomestic DS Business

FY2023 Q1

278.0
20.9

Home electrical appliances

Miscellaneous household goods

Ratio

58.7％
4.4％

70.7

14.9％

36.5

7.7%

Actual

313.5
22.1

Ratio

61.6%
4.3%

YoY

112.8%
105.6%

84.6

16.6%

40.9

8.0%

112.2%

1.0%

104.7%

2.0%

96.1%

138.8

19.1

4.0％

22.1

Domestic GMS Business

102.7

21.7％

99.9

19.6%

Household Goods

15.4

3.3％

15.7

3.1%

101.9%

0.0%

31.9%

Watches and fashion merchandiseSporting goods and leisure goods

4.9

Other

10.6

Clothing

1.0%

2.2％

76.1

16.1％

Overseas Business

74.8

Asia Business

19.6

Foods

0.6

Other

55.2

North America Business

Other Business
Total

*1

18.2

473.7

5.1

10.2

27.3%

119.7%

26.6%

Food products

126

FY2024 Q1(Unit：Billion yen)

4.3%

110.2%

115.8%
97.2%

73.8

14.5%

15.8％

77.3

15.2%

103.3%

4.1％

19.5

3.8%

99.5%

0.1%

11.6％

3.8％

100.0%

0.2

57.7

18.7

509.3

*1. Other Business includes tenant leasing business, holding company management, credit card business, etc.

11.3%

3.7%

100.0%

97.0%

104.6%

102.6%

107.5%

17

FY2024 New Store/Renovation Plan
Business

Format

Jul

Q1

Aug

Sep

Oct

Takamatsu
Marugame-Machi(Kagawa)

Nov
Tsurugashima(Saitama)

Dec

Jan

3 stores

Q3

Feb

Q4

Mar

Apr

May

Jun

2 stores2 stores2 stores1 storeFull year forecast

KeikyuDiscount Store

Kamata（Tokyo）

DQ

New store opening：

25+α stores

Small

Overseas
*1

Q2

Asia

DOMISE
Shibuya
Dogenzakadori(Tokyo)CITY LINK
Nangang(Taiwan)

DOMISE

Ario Yao(Osaka)Fashion Island(Thailand)

Taichung

Tiger city
(Taiwan)

2 stores1 store1 storeGelson’s

North
America

2 storesWest LA(California)

1 store*1. Overseas stores are indicated in the opening months.
*2. Period for Gelson’s is July 2023-June 2024. Period for Other overseas is April 2023- March 2024

(Guam)

1 storeNew store opening：
12 stores*218

Store network

Number of Domestic Retails Stores
FY2022

Discount store business
Don Quijote

MEGA Don Quijote
Small Format

GMS business

Domestic Total

486

140

140

59

*1

32

*2

136

*3

604

FY2024
Q1

250

63
33

131
617

485
250
140

North America Business
California
Hawaii

FY2022

FY2023

65

65

28

28

37

37

FY2024
Q1

65
37
28

63

Asia Business

30

36

38

131

Hong Kong

9

9

10

32

616

DON DON DONKI
CITY LINK Nangang（Taiwan）

Don Quijote
Takamatsu Marugame-Machi(Kagawa)

Aug

468
237

*1

(MEGA) Don Quijote UNY

FY2023

Number of Overseas Stores

Aug

12

Singapore

4

Thailand2

Taiwan2

Malaysia
Macau

Overseas Total
Total

*5

*4

1

15

6
2
3
1

16

6
2
3
1

95

101

103

699

718

719

*1.“MEGA Don Quijote” includes NEWMEGA.

*2. “Small Format” includes Picasso, Essence, Kyoyasudo, Domise, Ekidonki, Soradonki,
JonetzShokunin and Nagasakiya etc.

*3. “GMS Business” includes Apita/Piago, U-STORE, PiagoPower , Power Super Piagoetc.

*4. As the fiscal year ends in March for overseas corporations except Gelson’s (ends inJune), the number of stores for each quarter is adjusted for the applicable fiscal year.

*5. From this fiscal year, "Sen Sen Sushi" in Thailand and Hong Kong are excluded fromthe store count.

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IR information
IR inquiries

Pan Pacific International Holdings Corporation, IR Department
2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042
TEL: 03-5725-7588

FAX: 03-5725-7024

e-mail : ir@ppih.co.jp

IR Calendar

Announcement of Q2 results for the fiscal year ending June 2024 (Scheduled)
Date of announcement: February 9, 2024 (Friday)
Venue: TBD

Cautionary information regarding forward-looking statements

The purpose of these materials is solely to provide information to investors, and not for the solicitation of purchases and sales. The

forward-looking statements set out in these materials are based on targets and forecasts, and do not provide any commitments orguarantees. While forward-looking statements are prepared based on various data that we consider to be reliable, we do not provide

any guarantees on their accuracy or safety. These materials are presented based on the premise that they will be used at discretion

and responsibility of the investor, regardless of the purposes that they use these materials for, and Pan Pacific International Holdings

Corporation bears no responsibility in any circumstances.

20

2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042
TEL: 03-5725-7588 / FAX: 03-5725-7024 / e-mail: ir@ppih.co.jp
https://ppih.co.jp/