For details about the PPIH Group’s IR information and ESG
initiatives, refer to the resources available on the following sites.

Investor Relations
https://ppih.co.jp/en/ir/

Integrated Reporthttps://ppih.co.jp/en/ir/library/annual/

PPIH Report (PPIH report + CSR report)
https://ppih.co.jp/ir/library/newsletter/

PPIH Group’s Sustainability
https://ppih.co.jp/en/sustainability/

Corporate Profile

Contributing to the SDGs
Through its corporate activities, the PPIH Group isextensively involved in efforts to achieve the 17 Sustainable
Development Goals (SDGs). In particular, we believe that,by addressing the PPIH Group’s key issues (materiality),
we are meeting stakeholders’ expectations and contributing
to achieving the SDGs. We will therefore continue to makeactive efforts to resolve these key issues.

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/
Pan Pacific International Holdings Corporation

FY2023

Our resilience drives
34 consecutive years of growth!

Operating profit exceeded 100 billion yen for the first timeContinued to grow as a profitable retail company and achieved an operating profit
margin of over 5% for the first time in five fiscal years

FY2022Developing new, next-generation business formats
Kirakira Donki, Cosme Donki (specializing in cosmetics),
Kyokara Donki (specializing in spicy foods), Sen Sen Sushi, Tomita Seimai, etc.

Launched the medium-to-long term management plan
“Visionary 2025/2030”

Since the opening of the first Don Quijote store (Fuchu store) in 1989, the PPIH Group has
achieved increases in sales and profits for 34 consecutive years. Our aim is to be a visionary
company that flexibly adapts our existing business to drastic changes in society in order torealize the principle of “The Customer Matters Most” and to constantly seek profits.

FY2021

Launched PPIC
Rebranded JONETZ
Net sales(unit: 100
million yen)

15,000

FY2020

Launched a new organizational framework

Consolidated net sales

Established a new governance framework and oversaw its reinforcement

Number of Group stores¥1,936.8 billion

Implemented the Medium/Long-Term Management Plan
“Passion 2030”
FY2019718 stores

Embarked on journey to grow from being Japan-focused
Don Quijote to a globally oriented PPIH GroupAcquired UNY Co., Ltd., as a consolidated subsidiary
Changed name to Pan Pacific International Holdings Corporation

FY2018Operating profit

Number of purchasing customers

Implemented post-GMS and NEXT Convenience Store strategy

Number of Group employees¥105.3 billion 663.92 million

Commenced 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

17,107

10,000Exceeded 100 billion yen for the first time everFY2008

Rebuilt general merchandise
store (GMS) business

Number of products purchased

Acquired Nagasakiya Co., Ltd., asa consolidated subsidiary

5,242,120,000 items

FY2014

Accelerated expansion in
the United States
Acquired MARUKAI CORPORATION
as a consolidated subsidiary
Launched “majica” e-money service

FY2001

Listed stock on the First Section of
the Tokyo Stock Exchange
Launched new Picasso business format

History of continuous innovation and change

1978

1980

FY1989Establishment ofJust Co. Ltd.
(currently PPIH)

Opened first Don Quijote
store in Fuchu, Tokyo

Establishment of
Dorobo Ichiba, the originof the PPIH Group

FY2007

Accelerated store
openings throughmergers andacquisitions
Acquired Doit Co., Ltd., asa consolidated subsidiary

FY1998

Listed stock on theSecond Section of
the Tokyo Stock
Exchange

FY2010

Launched the private
brand JONETZ

34 consecutive years

FY2002

Commenced
nationwide
expansion

FY1997

Registered stock
for trading on theover-the-countermarket5,000

FY2006

Commenced overseas
operationsof increased sales and profits

0

Acquired Don Quijote (USA) Co. Ltd.,
as a consolidated subsidiary

1

Pan Pacific International Holdings Corporate Profile

Pan Pacific International Holdings Corporate Profile

2

PPIH’s Business Concept “The Source”

PPIH’s core values:
The Source (Genryu)

PPIH’s greatest strength defined by “The Source”

Delegation of authority × Ability to adapt
Our ability to adapt through the delegationof authority is a corporate value unique tothe PPIH Group. Through the delegation of
authority, we foster spontaneous thinking
in our employees and continuously honetheir abilit y t o adap t, enabling s wif t,
flexible changes on the frontlines, nomatter how difficult the situation.

The Source is a collection of corporate philosophies that documents
the ideas and thoughts of founder Takao Yasuda.
It presents guidelines for behavior that all employees and directorsof the PPIH Group should follow, and embodies our pride andreason for existence.

The Business
Concept“The Source”

Pan Pacific International Holdings (PPIH), formerly known as Don Quijote,is an international group of companies that aims,
through its engagement in the business of distribution,
to leave our customers feeling delighted and inspired, and to make society better.
We strive constantly to give our customers the greatest possible satisfaction by offering
them the things they want in the manner in which they want them,thus stimulating consumption and expanding domestic demand,and make every effort to contribute to local and national cultures and economies.
(Referenced from The Source)

Precept 2
Precept 3
Precept 4
Precept 5
Precept 6

Through a system of individualstore management, all store
staf f, or those who interact
directly with our customers, aregiven flexibility when making
decisions regarding store
op er a t ions. This appr o ach
enables stores to swiftly adapt
to changes in customer needs
and the operating environment.

Corporate culture of acknowledging failures
No matter how much they fail, all PPIH Group employees
are expected to turn that failure into strength and takeaction to create change.
By accumulating successful experiences without fear of
failure, employees of the PPIH Group will grow to be
human resources who can make the best possible changes
for customers based on our principle of “The Customer
Matters Most.”

The mission of the PPIH Group is to offer our customers a fun shopping experience,
filled with anticipation and excitement. In our work, each and every one of us strives
to keep “The Customer Matters Most” in our hearts, and to ask ourselves what we cando to fulfil this unchanging corporate principle.
The Six Precepts of Our Management Philosophy
We commit ourselves to doing business in a manner that is unselfish, 100%honest, and grounded in a strong sense of morality and purpose.
In every age, we create shop floors that evoke the anticipation and excitement offinding astonishingly cheap goods.
Boldly granting authority to those at the center of things, we are always ready tomove people around, to make sure they are in the best possible position.
We are committed to creative destruction and the ability to adapt; we reject preestablished harmony and the hesitancy to do anything that might rock the boat.
We are unhesitant in the face of daunting challenges, and unafraid to beat a
rapid retreat when a cold, hard look at reality tells us this is the best course.
Undistracted by easy profits, we hone to perfection the strengths that form ourcore business.

Ability to Adapt

We have established a systemfor delegating authority thatgives store staff full discretionover everything from productpur chasing and pricing t odisplays and sales.

Why we foster human resources who continuously create change

Our corporate principle“The Customer Matters Most”

Precept 1

Delegation of Authority

Respect for diversity stipulated in “The Source”

Takao Yasuda
Founding Chairman andSupreme Advisor of theCompany

The PPIH Group’s founding spirit lives on through “The Source”
The predecessor of the PPIH Group was a single, 60 m² general merchandise store called Dorobo Ichiba, established in1978 in Suginami-ku, Tokyo by Group founder Yasuda. This enterprise began with no retail experience, no ingrained
expertise, and no established network.
With convenience stores open only until 11 pm, this small general merchandise store that resembled an upturned toy box
an d w a s op e n un t il mi dni g h t qui c k l y g ain e dpopularity, earning annual sales of 200 million yen.
Subsequently, the opening of the first Don Quijote
store in March 1989 marked the beginning of ag r e a t e r e x p an s i on o f t h e g r o up. T h e DNA o fbreeding innovation with unprecedented ideas thatgo against standard industry practices dates backto our founding and continues to live on in the
PPIH Group today.

PPIH Group’s promotion of diversity
The PPIH Group states in its corporate philosophy collection “The Source” that it recognizes and respects all forms ofdiversity. We do not discriminate on the basis of race, nationality, gender, age, religion, disability, LGBTQ+ (sexual
orientation and gender identity), or any other reason, and we show respect from each others’ perspectives at all times.
(PPIH Group Diversity Policy* established in January 2023)
Amid changes in the business environment as well as diversification ofcustomers’ sense of values, it is essential to build a diversity-orientedorganization where diverse human resources can work together and play activeroles equally in order to continue to be chosen by our customers.
Human resources are indispensable for the Company’s growth. In order forthem to create new value from various perspectives and for the Company itself
to evolve flexibly, we are providing opportunities for each employee to take onchallenges and play active roles, as well as developing learning opportunities
and an internal environment that lead to employee growth.

See “Promotion of Diversity” on pages 26-27.
* PPIH Group Diversity Policy
https://ppih.co.jp/en/sustainability/basic_policy/diversity_policy/

3

Pan Pacific International Holdings Corporate Profile

Pan Pacific International Holdings Corporate Profile

4

PPIH Group Outline

PPIH offers novel amazement, exciting fun,quality, convenience, safety, and security
with a variety of business formats.

What exactly is individual store operation, a PPIH
strength whereby employees have the authority tocreate shop floors and adapt stores to changes?

In our domestic business, the PPIH Group has been promoting “business portfolio management” with avariety of business formats, store locations, and store sizes. In our overseas business, we are expanding thenumber of stores in Asia and the United States and strengthening their presence in our portfolio. We aim tobuild a solid business foundation by creating Group synergies and maximizing economies of scale throughsegmentation of our business into a variety of formats. We are also developing new formats adapted tochanges in society and regional needs.

The PPIH Group doesn’t just diversify risk by developing a variety of formats based on business portfolio
management. Another strength we have is our practice of individual store operation for every store in aparticular format. That means, rather than being controlled by the headquarters, every store and every
employee adapts and optimizes themselves to changes in society and regional characteristics. This also
allows us to generate completely new knowhow. Individual store operation is founded on the growth andmindset of every single employee, fostered by the delegation of authority.

Discount store business

Delegation of authority × Ability to adapt
Distinctive values of the PPIH Group

Customers
Led by Don Quijote, the core business of the PPIH Group, we aim to create storesthat are favored by the local community by providing a variety of store formats
with different targets, shop floor spaces, and product lineups, etc.

Delegation of authority
to store staff

General merchandise store business

Overseas retail operations

To target such demographics ashomemakers, families, and seniors
and enrich their daily lives, weare deploying a variety ofstore formats, such as
tho s e s er ving a lar g ecommercial zone orcommunity-based generalmerchandise stores, thatf e a t ur e p r o du c t s a n dservices closely matchingt he ne e ds o f t he lo c alcommunity.

We are expanding our store network in
Hawaii and California in the UnitedStates, as well as Singapore,
Thailand, and Hong Kong in
Asia. We are also promotingn e w ini t i a t i v e s in t h e
Pacific Rim area.

Headquarters

Employees with the authority
to manage stores and shop
floors without instructions
from headquarters

Finance businessWe are promoting business that is linked to our Group’s e-money app “majica.” We aim to achieve business growth by enhancing the
app’s functions and convenience, and further increasing the number of members, among other initiatives.

PPIH prioritizes giving full
discretion to store staff across all
our businesses. Moreover, in ourmanagement, we wel come theambitious challenges taken on bystaff who have been afforded thisdiscretion, accept their failures,and value employee growtht hr oug h such f ailur e s.
Furthermore, we promote thedelegation of authority and give
all our employees, including mateemployees,* a certain level of
discretion.

Adhering to our corporate principle of “The Customer Matters Most,” store
staff members have discretion over all aspects of store operations, fromproduct procurement and pricing to displays and sales promotions. Delegationof authority has been part of the Group’s DNA since its founding, and is oneof our essential strengths.
In addition, by thoroughly implementing individual store management
tailored to the conditions of each commercial area, we are able to quickly andflexibly set prices and the product mix in response to customer needs and thetrends at rival stores. Our ability to adapt swiftly is a competitive strength of
the Group and helps us create value in response to customer needs andchanges in the operating environment.

Ability to adapt to different
customer attributes andchanges by store

Delegation of
authority

Ability toadapt

Ev en w it h i n t h e s a me b u s in e s sformat, what our customers wantdiffers from store to store and bycommunity. Rather than seeking
uniformity or heterogeneity
across a particular format, PPIH
delegates authority to employees
at each store, and calls on themt o t h i n k ab o u t c o m m u n i t ycharacteristics and changing
circumstances themselves and to
exercise their ability to adapt.

Individual store
operation* Mate employees: This is what the PPIH
Group calls part-time employees.

Discount store business

General merchandise store business

Overseas retail operations

Creating stores with high customer affinity
Developing
new formats

5

Pan Pacific International Holdings Corporate Profile

The PPIH Group’s strength lies in individual store operation,
which is achieved through the delegation of authority to stores
and adaptation, and would not be possible through uniform store
development based on typical franchising theories.

Pan Pacific International Holdings Corporate Profile

6

Top Message

Leveraging our “ability to adapt” and“strength in human resources” as
we adhere to the principle of“The Customer Matters Most”
Naoki Yoshida President & CEO, Representative Director

PPIH i s a g lob al c omp an y t h a t i s dr i v en b y i t s r e t ail
business and has recorded 34 consecutive fiscal years ofsales and profit growth since the opening of the first Don
Quijote store 34 years ago.
A wide range of factors have allowed us to achieve thistrack record and these results. The biggest, however, is
PPIH’s unique “ability to adapt,” underpinned by our“strength in human resources.”
Growing by swiftly adapting to market changes
In light of rapid changes in society, we face extremely
difficult circumstances, such as increased selling, general,and administrative (SG&A) costs and high procurement
costs resulting from rising resource prices. At the samet i m e , h o w e v e r, w e a l s o v i e w t h e s e c h a n g e s a s a nopportunity. That is because it is PPIH’s mission, as acompany, to grow through “the business of adapting,” thatis t o s ay, b y adap ting t o chang e s among the w orld’s
c onsumer s and our cus t omer s. To da t e, w e hav edemonstrated our ability to swiftly adapt to any market
changes, and our 34 consecutive fiscal years of sales andprofit growth are a testament to that.
A “profitable” retail company that is also “inflation-proof”
Furthermore, in the previous fiscal year (ended June2023), we surpassed 100 billion yen in operating profit for
the first time, thereby restoring our operating profit margin
to the 5% level. This, again, is the result of us adapting tochanges and our efforts to improve our profit structure
over several years, and I believe we were once more able
to demonstrate our company’s “earning power.”
For the fiscal year ending June 2024, we aim to maintainour operating profit margin at the 5% level. It has beens aid tha t PPIH is “de f la tion-pr o o f ,” but I w ant t odemonstrate, in our own way, that we are a profitable retailcompany that is also “inflation-proof.”
Turning adversity into opportunity through our frontline
staff’s ability to get things done
It has been four years since I was appointed CEO in 2019.
In that time, our continued sales and profit growth, despite
dramatic changes in the business environment, would nothave been possible without our frontline staff’s ability to

7

Pan Pacific International Holdings Corporate Profile

Medium-to-long term
management plan

In August 2022, our Group announced the medium-to-long term management plan “Visionary
2025/2030,” which partially revises the “Passion 2030” plan announced in February 2020.
We have established three-year targets based on changes to the business environment in the postCOVID-19 era, as well as targets for 2030 focused on continued improvement of operating profit.
Point“take on numerous challenges with a sense of speed” andto get things done, and I am reminded that the PPIH
Group’s greatest strength lies in our human resources.
Central to our human resource strategy is the questionof which stage and role would allow each person to achieve
their optimal performance. We have implemented uniquemeasures to enhance employee satisfaction andmotivation, including establishing a fair and competitiveenvironment that is open to all regardless of their job
history or position, as well as affording everyone
substantial discretion through the delegation of authority.
Such practices to develop our human resources and shape
our organization have been passed down over the years
and have become ingrained in our corporate culture, and I
believe they are an important factor behind our continued
ability to grow by adapting to change and the source of ouredge over other companies.
Because we have such a talented workforce, I believe
our stakeholders can rest assured that PPIH is not acompany whose growth hinges on the strength of
personality of its management team.

Visionary 2025/2030

Continued operating profit growth of over 10%

Our Group has achieved average annual operating profit growth of 12.4% since FY2015, when we first announced
our Medium-Term Management Plan. Going forward, we aim to achieve operating profit of 200 billion yen in FY2030
by continuing to grow at an average annual rate of over 10%.

Quantitative Targets for Visionary 2025

Quantitative Targets for Visionary 2030

FY2025

FY20302 trillion yen
Operating profit of 120 billion yen

Operating profit of 200 billion yen

Sales of(Operating profit margin 6.0%)

Operating profit and operating profit margin from FY2015
Without inbound sales

Inbound sales actual

Visionary2025

Visionary2030

Operating profit margin+80 billion yen(CAGR 10.8%)

Operating profit (unit: 100 million yen)

2,000

Operating profit margin (%)

12.0

CAGR 10.6%(+31.3 billion yen
in 3 years)

1,600

CAGR 12.4%(+49.6 billion yen
in 7 years)

1,200

10.0

8.0

6.0%

6.0

800
4.0
400

Setting bold goals and constantly taking on new challenges
PPIH is striving to implement Visionary 2025/2030, our
medium-to-long term management plan, aiming to achieve
120 billion yen in operating profit in 2025 and 200 billion
yen in 2030. However, those are merely milestones in our
greater journey. If you were to liken our company’s journey
to climbing a mountain and ask our founder which stage
we are at now, with 1 being the base and 10 being thesummit, he would tell you without hesitation that we arestill at stage 3. For our founder, the embodiment of his
life’s work is our employees and our organizational DNA
passed down over several generations. I believe that myrole is to support our employees as they strive for thes ummi t , an d I w ill c o n t inu e t o d e v o t e m y s e l fwholeheartedly to this responsibility.
That being said, no one knows what the future has ins t or e f or us. Ne v er theless, I am confident that, as ac o m p a n y, t h e c o m b i n e d d a i l y e f f o r t s o f a l l o f o u r
employees make us second to none. We humbly request
your continued kind support and encouragement.

2.0

0

0.0
FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024FY2025

FY2030The spread of COVID-19 cases

Point

Becoming a visionary company with continuous growth

Our Group has continued to grow with operating profits increasing by an annual average of over 10%, despite theeffects of COVID-19. This is because of our fundamental nature as “a company that responds to change and takes
on challenges boldly” based on “The Source.” Our Group will maintain constant growth by adapting to any changes
that may occur in the future and taking on challenges boldly.

Domestic business

Overseas business

Improved profitability

Expand business scale and improve profit margin

・E xpand the value chains of businesses (SPA reformand financial business)
・Provide new CV+D+A through digital transformation
・Promote organizational and production reform・Continuous business format creation

・E xpand the business scale by continuing to establish
branches (retail stores + restaurant & retail businessformat)・I mprove profit margins by developing a global valuechain

ESG activities
・Realize a sustainable society and company

Pan Pacific International Holdings Corporate Profile8

Discount store business
Prominent business formats in our discount store business

Extraordinarily entertaining stores offering fun
shopping with anticipation and excitement
In the discount store business, we are developing a variety of stores, including our core Don Quijote and the MEGADon Quijote, with larger shop floor areas and more items. At the same time, we are consistently aiming to create
stores with an emphasis on convenience, surprisingly low prices, and amusement. We delegate authority toindividuals working at our shops rather than controlling them from the headquarters. Customers will find creativity
and ingenuity at every turn in our stores and be able to enjoy shopping with anticipation and excitement.

Don Quijote: Creating

kinds of shop floors

We are opening new stores one after anotherWe are opening new stores one after another for our discount store business. We are continuing to change our business formats
depending on the location and open new stores. We are increasing our competitiveness by leveraging the uniqueness of each store,
such as by creating stores that are led by mate employees (part-time staff) who are close to the customers. In addition, our new
specialty store business formats are popular, including Okashi Donki, which specializes in sweets, and Kirakira Donki, which
carries many products that are popular among Generation Z employees in their teens and 20s and go viral on social media.
Don Quijote Akabane Higashiguchi StoreThe Akabane Higashiguchi Store has
many bars nearby, and offers highly
compatible products such as
supplements and nutritional tonics

Concentrated shelving
In general, retail businesses emphasize
product displays that are easy to see andun de r s t an d. On t h e o t h e r h an d, D o n
Quijote stacks a huge variety of products
so high that they reach the ceiling, creating
an extraordinary atmosphere with displaysof concentrated volume and density.

Handwritten POP
advertisement cards

Labyrinthine layout
We make customers sense anticipation andexcitement through our shop floor designs
that make them feel as if they are on atreasure hunt in a jungle or maze, while
ensuring that they are able to see into eachcorner from the main aisle.

MEGA Don Quijote UNY Ina StoreOkashi Donki

The Ina Store focuses on electrical appliances

Delving into the appeal of Donpen!

Don Quijote is characterized by shop floorde signs f e a turing c olor f ul and highl yentertaining handwritten point-of-purchase(POP) advertisement cards with uniquewriting styles. It takes unique knowhow tocreate POP advertisements that stand out
even amidst the lively shop floors.

Shop floors created at the full discretion of store staff
At all stores, authority over product mix, layout, purchasing, pricing, and sales promotion isdelegated to merchandise (MD) planners. Furthermore, the handwritten POP advertisement
cards at each store, a Don Quijote specialty, are all unique and created by that particular
store’s POP advertisement writer.

Concept

CV + D + A

9Don Quijote’s official mascot character Donpen is getting
more and more popular. He goes all out in everything hedoes and has a variety of hobbies such as diving, fishing,
and TikTok. Donpen promotional goods such as Donpen
sandals have become a hit in stores, and local versions ofDonpen, such as a Marimo algae version in Hokkaido, arebeing created one after another to suit each region.
Don pen is s uch
an energetic
fellow that he not
only interacts
with customers,
but also recently
published abook!

He is so popular that he even signs autographs

ConVenience

Discount

Amusement

Wide -r anging pr o duc t lineup s
encompassing everything fromfoods and daily consumables toelectrical appliances and brandname products, as well as extended
store hours in diverse locations

Amazing discounts that bringsmiles to customers withcompetitive prices that riv al
those of competitors

Enjoyable shopping experiences
provided by concentrated
shelving, handwritten POP
advertisement cards, and otherspace production techniquesthat stimulate the senses

Pan Pacific International Holdings Corporate Profile

Kirakira Donki

Official mascot character

DonpenOfficial mascot character of Don Quijote

A penguin born in Antarctica and raised in Tokyo whobegan to help at Donki stores in 1998. His birthday is
September 8.

Donko
A fashion-conscious girlpenguin. Her birthday is
March 3.

Pan Pacific International Holdings Corporate Profile

10

General merchandise store business
Prominent business formats in our general merchandise store businessContinued transformation into community-based GMS in linewith “individual store management” based on “The Source”
Under the business format of a general merchandise store (GMS*), a large-scale retailer that handles a wide
range of daily necessities, we operate Apita locations that serve a large commercial zone with a wide selection offood, daily consumables, clothing, and home products, as well as Piago and U-Store food supermarkets that are
tailored to their local communities, focusing on food products. Together with a wide variety of specialty store
tenants, we aim to create stores that are loved by local customers through daily shopping.

Aiming to be a unique company,
offering our customers uniquely UNY spaces,
uniquely UNY products,＊GMS : General Merchandise Storeand uniquely UNY staff quality

Structural reforms of UNY as it continues to transform into a “community-based GMS”

Shopping malls servinga large commercial zone

Community-based
food supermarkets

Mass food retail stores

At UNY, we are promoting individual store management. That means giving all store staff, or those who interact directlywith our customers, full discretion to decide product lineups and pricing, without being controlled by the headquarters.
Furthermore, from FY2023, we have set ourselves a new ethos, as stated above, and we will continue to promote therebranding of our existing stores (to uniquely UNY spaces), while also focusing on enhancing our uniquely UNY products
and staff quality, and creating the perfect combination of store spaces, products
and services to become the most popular stores in our communities.

Uniquely UNY products & staff quality

Wide-ranging UNY-owned
specialty mass retailers
We are developing and expanding UNY-owned specialty massretailer brands across a wide range of product categories,
including pharmaceuticals, electrical appliances, household
goods, clothing, outdoor goods, toys, and bicycles. Eachconverted Apita and Piago store selects a food supermarket
and its own specialty mass retailers based on the needs of its
particular commercial area, which is helping to gain the
support of the local community.

● Give our customers exactly what they are looking for, a must for the GMS format,

and differentiate ourselves from the competition with how we select, develop,
and expand our PB/OEM product lineups.
● Building on our existing high service quality, a UNY strength, introduce a newhuman resources development system aimed at enhancing product knowledge
and customer service to better meet customer needs.

UNY Co., Ltd.
Operatingcompany● Business content: General retailer of clothing, food, home,and leisure products● Became a PPIH consolidated subsidiary in 2019

Official mascot character

ApitanOfficial mascot character of Apita and Piago

Apitan is a “future squirrel” from Apitan World, the land of the
future. His eyes are always shining and full of fun. He carries
items that will make people happy in the “future pouch” at his
waist.

11

Pan Pacific International Holdings Corporate Profile

PiatanPiatan is Apitan’s younger
sister. She casts “future
magic” with her “future
brooch” and “future stick.”

Pan Pacific International Holdings Corporate Profile

12

Overseas retail operations
Prominent business formats in our overseas retail operations

Business expansion by leveraging our procurement capabilities
in partnerships with producers and local governments in Japan
Asia
Business

Expansion of Japan-brand specialty stores throughpartnerships with domestic producers

Asia

United States

North
AmericaBusiness

A “food entertainment space” combining imported
Japanese products and local national brands

Since 2017, our Group has been expanding
DON DON DONKI, a “Japan-brand specialty
store” offering Japanese products suchas vegetables and fruits grown in Japan,
around the world. DON DON DONKI is highly
appreciated by local customers because
we import products directly without market
intermediaries and sell them at reasonable
prices, based on partnerships with domestic
producers (PPIC). In addition, we are taking
on the challenge of developing a variety ofcontent that conveys the appeal of Japanesefood products, including launching ourGroup’s first restaurant & retail business in
2021.

Steadily expanding restaurant & retail business in Asia!
In 2021, we launched our restaurant & retail business with a specialty store inside DON DON DONKI stores. We havealready opened Sen Sen Sushi restaurants in Hong Kong and Thailand, boasting fresh ingredients from Japan and otherparts of the world. Tomita Seimai, which was developed in Singapore, has an on-premises rice-mill and offers the delicious
taste of freshly milled, made-in-Japan rice. Seeing its popularity, we opened Yasuda Seimai locations in Taiwan and Hong
Kong in 2022. In addition, we are promoting initiatives to convey the appeal of Japanese food such as Wagyu Kushi, which
are authentic Japanese beef on skewers that customers can enjoy at an affordable price.

In the United States, the PPIH
Group is establishing afoundation for growth andcreating new business formats,w i t h t h e a i m o f b u i l di n g a n de x p a n d i n g “J a p a n - b r a n d
specialty stores” centered on
the TOKYO CENTRAL and
MARUKAI MARKET formats. In
FY2024, we plan to open ourGroup’s largest-ever store in
Guam as well as a new Gelson’s
store in California. We arestrengthening our initiatives by
expanding the supply of
products from PPIC to theUnited States.

Sales of Japanese products through PPICAs we strengthen our pioneering of new markets for Japanese
products, our Group is actively promoting initiatives with local
governments. Part of this effort includes Cooperative Agreementswith various local governments.
We currently have Cooperative Agreements with six prefecturesand one city. Starting from our agreement with Ehime Prefecture in
September 2020, we later made agreements with Kagoshima andKumamoto Prefectures in October of the same year, Wakayama
Prefecture in March 2021, Okinawa Prefecture in March 2022,
Sapporo City in October 2022, and Kagawa Prefecture in July
2023. We will work to expand overseas sales channels and thesales promotion of each municipality’s specialty products, increase
opportunities for forming business relationships with producers,
and establish a system to follow up on producers’ export businessthrough public-private partnerships.

● Advice for exports● Periodic business discussions● Information provisionSM

Producers

Overseas businesses● Product provision

What is the Pan Pacific International Club (PPIC) ?

“Sen Sen Sushi”

13

Pan Pacific International Holdings Corporate Profile“Yasuda Seimai”“Wagyu Kushi”

PPIC is a membership organization consisting of producers
who wish to export Japanese products to the PPIH Group’s
overseas stores. It enables producers to expand their sales
channels overseas, and the Group to secure a stable supplyof products and improve our cost structure.

Agreement ceremony with
Sapporo City on October 21, 2022

Agreement ceremony with
Kagawa Prefecture on July 27, 2023

Pan Pacific International Holdings Corporate Profile

14

Original PPIH Group products

One hit after another:
Original products created with customers
Discount store business

JONETZ
Becoming a “people’s brand (PB)” that creates amazing news with customers
We have been promoting the conversion of JONETZ from a “private brand” into a distinct “people’s brand,”meaning a brand that creates amazing news with customers, since 2021. While incorporating customer
opinions, we will develop valuable products that are unique to Don Quijote and offer customers a sense of
bargain, and roll them out across Japan and abroad.

Product improvement through“do-over” requests from customers
When we sought do-over requests on ahigh-priced toothbrush with a focus onfunctionality, we received many requests
regarding the packaging, such as, “Youcannot understand the functionality.”T h e r e f o r e , w e h a v e o v e r h a ul e d t h epackaging and product name!

The ultimate toothbrush
The product’s uniquefeatures should be visible(gentle on gums, etc.)

The package
has no impact
at allBeforeIt does not convey
the performanceat allNew business format with a special selection of JONETZ products

DOMISE offers shopping filled with amazement
With the determination to not sell products that do not offer “amazing news,” JONETZ
has delivered many products. We have created the new amazement-filled DOMISE
business format featuring a special selection of these products.
The first DOMISE store opened on August 24, 2023 in the “dogenzaka-dori” complex
in Dogenzaka, Shibuya-ku, Tokyo. On September 8 of the same year, the second store
opened in Ario Yao (Osaka Prefecture). DOMISE offers fun shopping experiences in its
unique corners separated by theme, such as a Dokotae corner, which introduces
products that have been transformed in response to do-over requests, a Dosuberi cornerwith products that are not bad but have just not sold well, and a Dotameshi corner,*where customers can purchase nuts, dried fruits, coffee, and other items in theirpreferred quantities and types.

https://www.ppihgroup.com/domise/*Only at DOMISE Shibuya dogenzaka-dori

General merchandise store business
UNY

UNY original products

UNY’s newly developed original products are thoughtfully
catered to customers’ daily needs. We aim to create
products that are a good buy, easy to select, easy to us e,
and easy to understand.

UNY original products are developed with attention paid not
only to taste, materials/ingredients, and quality, but alsofunctionality, design, and color.

eco!on

Uoyou and Nikuyou bento boxes

e c o!on pr o duc t s ar e s af e and r eliable, and hav e a lo w
environmental impact. We build a sustainable society by helping
customers lead healthy, comfortable, eco-friendly lives.

Uoyou offers bento boxes with grilled and simmered fish, while
Nikuyou offers bento boxes with carefully-selected highquality meat.

After

Uses 6,580 0.1 mm ultra-soft, ultra-fine bristles, which is 6.8 times more than ourconventional toothbrushes. It fits to the row of teeth and does not miss plaque.

Highly cooling, low-resistance gel cushion for lounging

Smooth cooling innerwear

Portable air conditioner

Whether you use it asa pillow, backrest, or
f o o tr e s t, this
comfortable productwill make you feelcool and happy.

The smooth, sleek
f ab r i c g i v e s acooling effect the
moment y ou put iton.

This portable air conditioner conveniently allows
you to use it on the same day you buy it with no
installation work required, and features a cooling
capacity comparable to that of a wall-mounted air
conditioner for a 10 m2 room. It has grown tobecome a leading summer appliance.

3-hour quick-drying jumbo bath towel

Industry’s smallest mobile battery

Donki technology pants Rirakku

Marshmallow cushion

Yuzendori/Yukenton

As the name suggests,
this popular productdries in 3 hours despite
its jumbo size, just as
customers want.

Despite its compact size,
this product uses a battery
for electric vehicles andc an b e r ep e a t e dl yrecharged 1,000 times.
Compatible with 20 W PD
for ultra-fast recharging.

These boxers have an
unprecedentedly relaxed
feel. Like a hammock, thisp r o du c t o f f e r s t h eharmony of gentle fit andfloating feeling, and is nonsticky and breathable.

O f f e r in g c o m f o r t ju s t lik e amarshmal low, these sneakers arelightweight and cushioned, making
them easy to wear and less tiring.

Yu z e n d o r i c h i c k e n s a r e
carefully raised in a cleanand stress-free environment.
Yuk e n t o n p o r k i s s a f e ,delicious, and healthy, andcomes from pigs raised on
herbal feed.

Olive oil kettle chips

Jackfruit

Green shiso senbei rice crackers with lasting flavor

These crunchy potato chips are
made using the kettle method
found in the United States,
their birthplace! Fried in olive
oil and not at all greasy, theytaste so good you won’t stop
until you’ve eaten them all.

T hi s hi g hl y p op ul ar
pr o duc t t ur ns
delicious jack f r ui t ,which many Japanesepeople may not bef amiliar with, int o asnack.

This product was perfected throughthe pride of a long-established senbei
cracker maker and Donki’s passion.
These senbei crackers are made withplenty of green shiso, and feature acareful combination of moderate
acidity and refreshing aroma.

Overseas retail operations
Hokkaido gelato

Luxury crab sticks

Developed through our Cooperative
Agreement with Sapporo City

Can be imported to various
countries, and havea luxurious size of 60 g

Arienee (Unbelievable Price)
Amazing value far exceeding the price! The mark of JONETZ’s “most amazing” products

Cantaloupe

Matchagreen tea

We mark products “Arienee” when we are especially confident that they offer such an amazing price and characteristics that you can’t help thinking, “Unbelievable!”
Milk tea

15

Pan Pacific International Holdings Corporate Profile

Aomori apple chocolate

Japanese specialty bath products

Made using Aomori apples, which are
popular among foreign visitors to Japan

Made using Hokkaido lavender and otherspecial ingredients
Pan Pacific International Holdings Corporate Profile

16

Financial business
Opene

Over 13 million members!
Building a new value chain
centered on the majica app

d on August 24, 2023

dogenzaka-dori
https://dogenzaka-dori.com/en/

What is the PPIH Group’s e-money
majica app?

PPIH opened the “dogenzaka-dori” complex on
August 24, 2023 in Dogenzaka, Shibuya-ku, Tokyo.
With the hope of developing as a new lifestyle hub
around Shibuya’s Bunkamura Street, the complex
is attracting a variety of high-profile stores andof fi ces , i n cl u di n g r est au ra nt s a n d h o tel s. A s aplace featuring the intersection of quality everyday
l ife an d ex ci ti ng ex tra ord i na ry l ife , i t of fer s an
am aze me nt -fi ll ed ex pe ri en ce to al l cu st ome rs
visiting Shibuya.

The majica app is an e-money service that supports convenient and good-value shopping at
majica member stores, including our Group stores in Japan such as Don Quijote, Apita, and Piago.

Future functions of the majica app

Media function
Community

Provision of sales
promotion andvarious information

Know

Coupons, news

Payment function

Find

Connect

If you pay using majica
money on the majica app,you will receive majica point
Payment
returns of 1% or more of thefunctionamount you spend. You can
u s e t h e s e p o i n t s f o r Payment insideand outside storesshopping, where 1 point isworth 1 yen.

Newmajica app
Product search

Sales promotions andprovision of various
kinds of information
Members-only digital couponsand s al e s c amp ai g n
information are distributed via
the app. In addition, someproducts are sold at membersonly prices to customers
showing the app.

Search inside andoutside stores

Pay

Timeline function

Buy

The app includes a functiont h at p ro vi d es a t ime l in e ofinformation on bargains andsa l es c am p ai g ns f o r st o re sthat users follow.

Product purchases
Purchases inside and outside stores

The first Hotel Indigo location in the Tokyo metropolitan area
PPIH has concluded a management contract with IHG Hotels &Resorts, which operates the Hotel Indigo chain of hotels. The fourth
Hotel Indigo location in Japan opened in dogenzaka-dori on August 29,
2023. Hotel Indigo is a lifestyle boutique hotel brand that delivers toguests the local Neighborhood Story through their experience at thehotel, including using the hotel’s design and art as well as storytelling
services to convey the unique character of the area and its local history
and culture.

Building a new value chain utilizing
our over 13 million members
Our Group is currently working to further
expand the functions of the majica app. We
are considering the provision of a newpurchasing experience centered on the majica
app from upstream to downstream in the value
chain, including product improvement anddevelopment based on product searches
through the app, sales promotions utilizing
customer information and purchasing data,
product purchases through the app, and the
expansion of payment functions.

A variety of shop floors
The commercial facilities on the first and second floors
include 12 establishments, such as the new Don
Quijote business format DOMISE, the first-ever locationof the Seattle, USA hamburger restaurant Lil Woody’s,
the specialty coffee shop Sarutahiko Coffee, and The
City Bakery, which originated in the United States.

November
2023

Trends in the number of majica app members

13
millionmembers

July 2022

10.06

12 million

millionmembers

10 million

June 2021

8 million

millionmembers

6.84
June 2020
6 million

3.82

Operations with carbon-free electricity for the first time in the Group!

millionmembers

dogenzaka-dori uses “carbon-free electricity” to power all three elements of the facility (the stores,

4 million

offices, and hotel). This is a first for our Group. The use of carbon-free electricity also contributes to
2 million

June
2020

17

Pan Pacific International Holdings Corporate Profile

June
2021

July
2022

November2023

climate change measures.

Pan Pacific International Holdings Corporate Profile

18

Current State of the PPIH GroupJapan

617 stores*Number of stores as of June 30, 2023

Hong Kong

Overseas retail operations

Discount store business
Don Quijote

250

MEGA Don Quijote

140

MEGA Don Quijote UNY

63

Picasso, etc.

33

101 Stores131* Don Quijote UNY is included under the MEGA Don Quijote UNY business format. Picasso, Kirakira Donki, Essence, Kyoyasudo, Ekidonki, Soradonki,
Jonetsu Shokunin, Nagasakiya, and others are included under the Picasso, etc., business format. U-Store, Piago Power, Power Super Piago, and others areincluded under the Apita / Piago business format.

Singapore

915StoresStores9

DON DON DONKI

Thailand

General merchandise store business
Apita / Piago

718 Stores

Number of Group Stores

15

DON DON DONKI

Malaysia

Taiwan632StoresStoresStores6

DON DON DONKI

3

Jonetz by DON DON DONKI

Macau

2

DON DON DONKI

Hawaii

California

1

28

37

Store

StoresStores1

DON DON DONKI

3Marukai Market

Marukai Wholesale Mart

1

Tokyo Central

6

Times Supermarket

24

Gelson’s

27

Don Quijote

4

Portfolio management in the domestic retail business

Food
Young families
Enhance non-food products

Families, homemakers
Homemakers,
and middle-aged/
middle-aged/senior citizens
senior citizens
Mainly food and daily consumables
Clothing, food andhousehold items
in general*Big Save and other stores operated by QSI, Inc. are included under the Times Supermarket format.

Changes in the number of stores by business format

693

667

699

Overseas stores

718

Nagasakiya*3
Doit*1

629

Young people andforeign consumers
Mainly non-food products

Single customers
Mainly non-food products

19

Pan Pacific International Holdings Corporate Profile

Non-food

Suburban area

Urban area

MEGA Don Quijote UNY
mini Piago*2
Picasso*3

418

MEGA Don Quijote

368

Apita / Piago
Don Quijote

FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023*1 The Doit stores operated by Doit Co., Ltd. (currently Sky Green
Co., Ltd.), which operates home improvement and renovation
businesses, were withdrawn from the PPIH Group effective
February 1, 2020, following a business succession via anabsorption-type company split.
*2 On April 1, 2020, 80% of the shares held in 99ICHIBA Co.,
Ltd., the company that operates mini Piago stores, weretransferred and, as a result, mini Piago stores were withdrawn
from the PPIH Group as of this date.
*3 From FY2022 onward, the Picasso segment indicates thenumber of Picasso, etc., stores, including those with
Nagasakiya stores.

Pan Pacific International Holdings Corporate Profile

20

Diverse Store Formats

Discount store business
Don Quijote

MEGA Don Quijote

Apita Power

Piago

Piago PowerDon Quijote is a format of general discountstores based on a concept that combinest he t hr e e a sp e c t s o f c on v enienc e,
discount, and amusement (CV+D+A). Them erchandise m ix comprises 40,000 t o
6 0,000 items , rangi ng from foods anddaily consumables to clothing, electricalappliances, and brand-name products.

MEGA Don Quijote is Japan’s first format offamily-oriented general discount storesbased on a concept of showcasing a richmerchandise mix and amazing discounts.
The lively and exciting instore atmosphere
has won over customers of all ages.

With a directly managed grocery shopping
floor at its core and tenant specialty stores,
Apita Power shopping centers offer a broad
and attractive selection of clothing, food,housing, services, and amusement. Visitingthese next-generation GMS stores is, in andof itself, an enjoyable experience for a wide
range of customers.

Piago food supermarkets offer rich lineupsof food and other products as well as
services that are tailored to theirrespective local communities. We aim todevelop comfortable stores that are part ofour customers’ lives and make everyday
shopping an enjoyable experience.

Piago Power has been restructured aroundclothing, food and household essentials,
adding several new specialty massretailers. As a format of next-generation
supermarket stores, Piago Power offers apowered-up product selection anddiscount prices with a focus on providing
a fun shopping experience.

Small-sized store format business

Power Super Piago

Piago La: Foods Core

U-StorePower Super Piago is UNY’s first supercenter-style discount store format, where
customers can find all their daily
essentials in one place. The store concept
is to always provide customers with a clear
sense of value for money.

Pi a g o L a: F o o d s C o r e i s an ur b an,compact-size supermarket store format
offering ingredients that satisfy modern
consumers’ high standards. These storespropose new lifestyles involving food thatsuit the needs of the local community.

U- St or e is a fo rm at of ma ss fo od r eta ilstores that offers customers a lineup
combining UNY’s strength in fresh andhi g h - qu ali t y f r ui t s an d v e g e t ab l e s ,seafood, meat and deli products, and Don
Quijote’s strength in grocery products, atdiscount prices.

Don Quijote UNY /MEGA Don Quijote UNY

Don Quijote UNY and MEGA Don Quijote
UNY are stores converted from Apita andPiago brand general merchandise stores.
These stores have won support from
customers of all ages by offering a range offood items, an area of specialty for UNY,
alongside an assortment of non-food items,
a strength of Don Quijote, which has beenenhanced through the conversion.

(Picasso, Essence, Kyoyasudo, Ekidonki,
Soradonki, Jonetsu Shokunin, etc.)

T h e s m all - s i z e d s t o r e f o r m a t i s ac onden s e d v er sion o f t he D on Q ui jo t ef orma t, de signe d w i th a s tr e amline dmerchandise mix to cater to demand fromsmaller commercial zones. Our aim is tocreate stores that are more tailored to theirrespective local communities than otherstore formats and are convenient for the
daily routines of customers.

Store concepts
Store type

General merchandise store business
Walk

Walk is a format of s hoppi ng m all s t hat
combines a wide range of specialty stores e c t i o n s an d e n t e r t ainm e n t . W alk
shopping malls invite tenants that fit thelatest trends, for example in fashion,
lifestyle and dining, and contribute to theircommunities by promoting community
exchange and revitalization.

21

Pan Pacific International Holdings Corporate Profile

Raspa

Raspa is a format of mini shopping malls
featuring a wide range of specialty stores.
R as p a Mi ta ke h as b een r en ov at ed an dreborn as a next-generation mini mall with
an ambience that combines the characterof d ir e ct ly o p er at ed s t or es a n d t en a nt operated specialty stores.

Shop floor area

Number of items

Product mix characteristics

Main target clientele

Don Quijote

1,000m² -3,000m²

40,000-60,000

Amusement & novelty store

Single customers and others

MEGA Don Quijote

3,000m² -10,000m²

40,000-100,000

Clothing, food, and household essentials
Mainly food items and daily consumables

Homemakers and families
and others

Don Quijote UNY /MEGA Don Quijote UNY

4,000m² -5,000m²
5,000m² -13,000m²

50,000-60,000
70,000-100,000

Clothing, food, and household essentials
Mainly food items and daily consumables

Homemakers and families
and others

Small-sized store format

300m² -1,000m²

10,000-20,000

Emphasis on specialty products(medicine & convenience stores &mini-grocery)

Single customers and others

Apita / Apita Power(Some of the Apita stores are core
stores of Walk and Raspa shopping
malls)

6,000m² -15,000m²

50,000-80,000

Clothing, food and household items
in generalHomemakers, families,
and senior citizens

Piago / Piago PowerPower Super Piago

1,500m² -8,000m²

20,000-65,000

Food products & clothing
and household essentials

Homemakers, families,
and senior citizens

Piago La: Foods Core

1,000m² -3,000m²

8,000-10,000

Food products and daily consumables

Homemakers andsenior citizens

U-Store1,200m² -1,600m²

13,000-20,000

Food productsHomemakers, families, seniorcitizens and single customers

Apita

Based on the concept of “stylish, fun, andf r e sh,” Api t a i s a br and o f g ener almerchandise stores designed to enrich theli v e s o f c u s t o m e r s a c r o s s a l ar g ecommercial zone. The merchandise mix ofthese stores comprises 50,000 to 80,000
items, including foods, daily consumables,
clothing, and home products.

Pan Pacific International Holdings Corporate Profile

22

Diverse Store Formats

ESG Initiatives

Overseas retail operations
TOKYO CENTRALDON DON DONKI

Continuing to be the store that
customers are happy to choose in every era

MARUKAI MARKETThe PPIH Group has identified key issues based on discussions regarding social issues that our
stakeholders have expectations for and place importance on, and which we can contribute to resolving
by leveraging our strengths. Our Group will also focus on the relevance of the 17 Sustainable
Development Goals (SDGs), and will work to resolve these key issues through the business activities ofour core general retail business.
Based on the concept of Japan-brandspecialty stores offering Japanese
products that were either made in Japanor for the Japanese market, we arepromoting the appeal of Japanese foodand culture while developing multi-store
operations in the Pacific Rim area.

TOKYO CENTRAL is a format of “foodentertainment” stores in California mainlyoffering delicious and authentic Japanese
ready-made meals such as buffet menus,deli products, sushi, boxed lunches,b ake d go od s , a nd m or e , a t r e as on ab leprices.

MARUKAI MARKET is a format of Japanesefood supermarkets located on the West
Coast of the United States. These stores
sell a wide variety of affordably priced
Japanese vegetables, processed foods,
seasonings, fish, other fresh foods, sushi,
boxed lunches, and deli products. Other
offerings at these community-loved storesinclude Japanese sake and cosmetics.

The PPIH Group’s key issues (materiality)
Key Issues

Reduce the environmental

Don Quijote (USA)Times Supermarket

Specific Initiatives

Relevant SDGs

Responding to climate change andrealizing a decarbonized society

impact of our business activities Reducing waste and enhancing recycling

Gelson’s

Accepting diversity andcreating a rewarding workplace

Sustainable procurement andresponsible sales

Establishing a diversity-oriented organization
Promoting human resources management
Product procurement taking human rights and theenvironment into consideration, and responsible sales
Solving social and environmental issues through the
supply chain

Resolving social issues
Don Quijote USA has three stores on the
Hawaiian island of Oahu. With wide aisles
that can be comfortably navigated with ashopping cart, as well as a 4-meter-highceiling, these spacious stores offer an
enjoyable shopping experience that is
unique to Don Quijote and full ofamazement. With instore environmentsthat can’t be found anywhere else in
Hawaii, these stores are loved by locals.

Times is a brand of stores long beloved byresidents of Hawaii. At these stores,
customers can find everything they needin their daily lives, with an emphasis on
food items such as fresh vegetables andfish procured locally.

With 27 stores across California, Gelson’s
is a premium supermarket chain thatenjoys a high level of brand recognition, as
w el l as st ro n g lo ya l ty am on g w ea lt h i e rcustomers, in the United States.

through coexistence with

Resolving social issues through community-based
individual store management

local communities
Establishinga solid governance system

Strengthening corporate governance
Strengthening risk management

Performance overview by consolidated business format■ Ratio of sales by business to total sales (FY2023)
Asia business
4.2%

Asia business
4.2%

Other businesses
3.7%

North America
business
12.0%

North America
business
12.0%

Other businesses
3.7%
Home electricalappliances
4.3%
Miscellaneous
household goods
15.5%

Other products
0.1%
Food
15.1%
Home products
3.8%
Clothing
2.5%
Domestic GMS business
21.6%

23

Pan Pacific International Holdings Corporate Profile

Domestic discount store
business
58.5%

ESG Promotion Structure■ Ratio of sales by product category to total sales (FY2023)

Other products
0.9%

Foods
26.9%
Watches andfashion merchandise
7.8%
Sporting and leisure goods
3.2%

Under the CFO, who is the executive incharge of sustainability initiatives, thecommittees and divisions in each area planand propose measures to promotesustainability initiatives, which are reflectedin the business activities of the Group
companies.
In addition, the chairpersons of eachcommittee meet once a month to discuss
the progress of initiatives, share information,and make decisions (promotion meetings),
and furthermore, report on their activities atregular Board of Directors meetings. The
formulation of policies and goals, as well as
important initiatives, are discussed andapproved by the Board of Directors before
being implemented.

Board of Directors / President,
Representative Director and CEO

Sustainability Committee

Reports

Diversity Management Committee
Executive Officer, CFO
Human Resources Division /Personnel and Labor Headquarters
ESG Promotion Section,
IR Division

Risk Management Division
Compliance Committee
Coordinate

Pan Pacific International Holdings Corporate Profile

24

ESG Initiatives

Realizing a decarbonized society
PPIH Group sets decarbonization targets
R e c o g n i zi n g th a t ad dr e s s in g cl i m a t e c h a n ge i s a n
i m p o r t a n t i s s u e f o r t h e P P I H G r o u p ’s s u s t a i n a b l edevelopment and medium- to long-term enhancement ofcorporate value, we have been working to reduce CO ²
emissions through our business activities. We haveverified the results of those efforts, examined eachmeasure in each operating company and store operation,and set the PPIH Group decarbonization targets.

●

Promotion of diversity

PPIH Group Decarbonization Targets
2030(compared to FY2013)

Reduce CO ² emissions from stores by 50%
2050

Reduce total CO² emissions from stores to zero

● Improving the efficiency of energy use in store operations and reducing energy consumption

Main
initiatives* Installing control equipment for air conditioning and refrigerated/frozen cases and dimming equipment for lighting,ensuring appropriate temperature settings and lighting hours, etc.
● Creation of renewable energy through the use of solar panels and other store facilities● Replacement with renewable energy through the use of non-fossil certificate transactions

Reduction of CO ² emissions

Reduction of plastic usage

The PPIH Group has introduced solar power generation at someof its stores in order to reduce CO² emissions emitted through its
b u s i n e s s a c t i v i t i e s . We a r e a l s o w o r k i n g t o r e d u c e t h eenvironmental impact of our store operations through theintroduction of energy-saving equipment for efficient operation of
store air conditioning systems and refrigerated/frozen cases, aswell as through appropriate operation of equipment and systems.

We believe that it is our social responsibility as aretailer to address issues such as global warminga n d m a r i n e p l as t i c w as t e c a u s e d b y s i n g l e-use
plastics. In FY2023, we set a target for reducing theamount of plastics used.
We will promote initiatives to reduce the amount ofplastic used in store services such as POP
advertisement cards, cutlery, plastic shopping bags,
umbrella bags, and takeout bags, while also
contributing to changing consumer mindsets.

Diversity Management Committee
The Diversity Management Committee respects thefundamental human rights and diversity of all stakeholders
and strongly promotes the creation of an environment in which
women can play an active role in various positions, including
executive and managerial positions. At the same time, thecommittee also supports the activities of LGBTQ+ people,
promotes the activities of seniors and non-Japanese people,
and promotes employment of people with disabilities. It plans,
drafts, and implements measures to promote diversity on theabove matters. By engaging in diversity management, ourGroup will strive to further enhance our corporate value as a
global company with operations in numerous countries.

Hitomi Ninomiya
Director and Executive Officer
Responsible for Diversity Management
Head of Design

Implementation of training programs aimed at producing female store
managers

Targets for promotion of
women’s participation

In February 2023, we launched the third phase of the “RISE!100” training program,which began in 2021 and aims to produce female store managers. In this six-monthtraining program with up to 20 sessions, participants not only learn figures-based
management, compliance, and other know-how necessary for store operations, but alsointeract with current female store managers and branch presidents. This leads to thedevelopment of internal networks, the elimination ofconcerns about the store manager position, andhelping female employees envision their career
paths. We will continue to conduct regular follow-up
with those who have completed the training, as well
as further enhance the program and continue toprovide training on an ongoing basis.

Increase the number of female
store managers to 100
Numerical targets:
50 by FY2026
100 by FY2030

Improve the retention rate offemale employees
Numerical targets (turnover rate):
8.8% by FY2026
5% by FY2030*Targets are for within Japan

Introduction of a subsidy program for low-dose birth control pill expenses
Has missed work due to menstrual cramps

As of June 2022, solar panels have been installed in
16 stores(Photo: MEGA Don Quijote Kofu)

Protecting life below water
Providing places where visitors can feel soothed and enjoy themselves
We h a v e i n s t a l l e d a b o u t 5 0 l a r g e f i s h t a n k s i n a b o u t 2 0 l o c a t i o n sthroughout Japan. These fish tanks allow everyone from young children to
the elderly to view Palau’s tropical fish, which they cannot see in their daily
lives, free of charge. We provide places where visitors to our stores canappreciate aspects such as the beauty of colorful fish, the regularity of the
fish swimming in schools, and the loveliness of coral reefs, which
reproduce the ecosystem of the ocean around Palau, which is said to bet h e m os t b e a u ti f u l i n t h e w or l d . I t a l s o m a k e s t he m b e c o m e a w are ofp r o t e c t i o n o f “ l i f e b e l o w w a t e r, ” w h i c h i s o n e o f t h e S u s t a i n a b l e
Development Goals. Happily, these places are enjoyed by many people aslocal landmarks and even as soothing spaces.
Large fish tank installed at the entrance of the
Nakameguro Honten

25

Pan Pacific International Holdings Corporate Profile* The tropical fish and coral reefs in the tanks installed at each store are all gathered byha nd by P al a u co l l ect or s un der t he gu i danc e of th e Palau Aqu ar ium with sp ecial
permission from the government of the Republic of Palau and the state government.

An internal survey revealed that as many as 20% of female employees have taken
time off work due to menstrual pain. As part of our efforts to create a comfortableworking environment for women, we have introduced a benefit program in March2023 in which the PPIH Group subsidizes the cost of low-dose birth control pills.
Low-dose birth control pills are said to be effective not only as a contraceptive but
also for improving menstrual pain and PMS. By subsidizing the cost of taking thepill, we support female employees in maintaining their mental and physical healthand contribute to creating a workplace where they can further demonstrate theirabilities. Going forward, we plan to analyze the relationship between taking the pill
and productivity.

Yes

24%
No

76%

Relaxation of the dress code rules at stores andoffices of Group companies in Japan

Creating a comfortable working environment for
employees who give birth and raise children

The relaxation of the dress code rules at Don Quijote andother stores in March 2022 received many positive
comments even from outside the company, including one
from an employee who said, “I can work in my own way andfeel more motivated.” This was followed by the relaxation ofsome dress code rules at UNY stores and administrative
departments in
November of the samey e ar, an d t h e n in
Februar y 2023 at theadminis tr a tiv e
departments of Group
companies throughout
Jap an, allo w ing
employees to work withany hair color they like.

In order to support employees balance their work withchildbirth and raising children, we have establishedvarious systems and are working to create an environmentthat makes it easy to take childcare leave.
Initiatives and systems
currently being implemented● Distribution of a support
book for taking maternity andchildcare leave (women’s
edition / men’s edition)● Support for babysitter andhousekeeping services aspart of employee benefits● Establishment of “Don Kids”
onsite daycare center, etc.

Maternity and childcare leave support
book(Women’s edition / Men’s edition)

Pan Pacific International Holdings Corporate Profile

26

ESG Initiatives

Receipt of “Eruboshi (L-Star) Certification” as acompany that promotes women’s participation
We received a 2nd stage rating from the Ministry of Health,Labour and Welfare’s “Eruboshi (L-Star) Certification,” which
recognizes companies with excellent conditions related to thepromotion of
women’s
participation.

Receipt of the highest rating in
the “PRIDE Index 2023” forthe sixth consecutive year

The PPIH Group received“Hataraku Yale 2023” certification asa corporation promoting employee welfare
I n 20 2 3 , P P I H , D o n Qu i j o t e, a n d U N Y r e ceived
certification as corporations promoting employee
w e l f a r e u n d e r “ H a t a r a k u Ya l e 2 0 2 3 , ” w h i c hrecognizes and certifies companies, organizations,and municipalities that make efforts to enhance andutilize employee benefit programs. Our Group willcontinue to offer a variety of benefit programs toemployees to suit their life plans so that they cancontinue to work with peace of mind in their own
way.

Don Quijote achieved the highest rating ofGold for the sixth consecutive year in the“PRIDE Index 2023,” an evaluation index
aimed at creating comfortable workplaces
for sexual minorities.

Introduction in stores throughout Japan of “communication boards”
to support shopping by customers with hearing disabilities!
Our Group is promoting the creation of stores that are accessible to people withdisabilities. On July 23, 2023, we introduced “communication boards” at all
Group stores in Japan, including Don Quijote, Apita, and Piago stores, tosupport conversations between employees and customers who have hearing
and speech disabilities.
When a customer shows an employee an “ear symbol”* card, which areplaced at the cash registers and other locations in the store, the employee willserve the customer using the communication board. This enhances
communication with customers and helps them request the required services
and purchase products.
Our Group will continue efforts to create stores where customers receivenecessary support so they can shop with peace of mind.

An “ear symbol” card
(left) informing customersof the availability ofcommunication boards(above) is placed at cash
registers and otherlocations (content varies
by store)

Examples of our contributions to society

We hold fundraising activities at each of ourGroup stores to help train guide dogs and tosupport the independence of people with vision
disabilities. The collected donations are delivered
to the Japan Guide Dog Association and the
National Association of Guide Dog Facilities inJapan, which use the money to raise and train
guide dog candidates to support walking bypeople with vision disabilities. In addition, we will
aim to create a society where guide dogs are
accepted as a matter of course by holding eventsat our stores to deepen understanding of guide
dogs and by creating stores based on the newaccessibility-related law in Japan.

27

Pan Pacific International Holdings Corporate Profile

Building bridges to the world:
The Yasuda Scholarship Foundation’s
support for international students

Scholarships for students struggling to afford school fees
Yasuda Scholarship Foundation was established in 2005 by
Takao Yasuda, the founder of the PPIH Group, with his own
personal assets, in commemoration of the 25th anniversary of
the founding of Don Quijote Co., Ltd. (currently the PPIH
Group).
The goal of the foundation is to provide repayment-freescholarships of 100,000 yen per month (1.2 million yen peryear / enrolled period) to international students struggling toafford school fees, thereby improving the level of international
students and helping them to become even more valuable
human resources, and ultimately contributing to the friendshipand goodwill between Japan and other countries. Students whoare highly motivated to study, such as those recommended by
the Foundation’s designated universities in Japan and abroad,and students who have achieved excellent results in overseas
Japanese language competitions, are eligible for support.
We believe that providing financial support for international
students and their development as human resources serves as
an intellectual contribution to the international community.

Furthermore, we believe that thishelps to form human networks,
and that deepening mutual
under s t anding and friendly
r elations b e t w e en Jap an andother countries contributes toglobal peace and stability.
To da t e, 2 6 8 s cholar shipr e c ip i e n t s * h a v e a l r e a d y
g r adua t e d and en t er e d t he
Chairman Takao Yasuda
workforce. Each of them has beenworking hard every day and playing an active role in various
fields as bridges between Japan and their home countries.
On the other hand, amid the current rapidly changing global
and economic conditions 17 years after the foundation’s
establishment, we have also officially launched a new support
program for students entering higher education in Japan basedon the recognition that international students are not the only
students who truly need support.
*As of the end of March 2023

The Yasuda Scholarship Foundation welcomes
22 new international students* The ear symbol is a mark for hearing disabilities managed by the All Japan Association ofHard of Hearing and Late-Deafened People, and represents both hearing disabilities as wellas consideration for those who are deaf or hard of hearing.

Fundraising for the training andpromotion of guide dogs for blind people

Yasuda ScholarshipFoundation

On June 17, 2023, the FY2023 Yasuda Scholarship Foundation
Welcome Ceremony was held in Tokyo for 22 new scholarship
recipients. Executive Director Hiroshi Tsukiizumi conveyed threemessages from Chairman Takao Yasuda, “(1) Show pride and grit
as Yasuda Scholarship Foundation scholars,” “(2) The Yasuda
Scholarship Foundation aims to foster leaders,” and “(3) Continue
to always take on challenges (as challengers so that you can fulfil(1) and (2)),” and wished the recipients every success.

New scholarship recipients and alumni with Executive Director Hiroshi Tsukiizumi(front row, fifth from left), Secretary-General Shoji Wada (front row, sixth fromleft), and Selection Committee member Tetsuro Baba (front row, fourth from left)

Providing Japanese students with financial support
In 2022, financial support was expanded to include Japanese students, and support is being provided to 26 Japanese
students. We will promote financial support to Japanese students through providing scholarships of 100,000 yen per month(1.2 million yen per year / enrolled period), with the aim of fostering human resources with creativity and a depth ofcharacter in a proper learning environment, deepening international understanding through our activities, and fostering
human resources with global perspectives.

Fundraising for relief efforts
The PPIH Group conducts fundraising activities at each of its Group storesin the event of a major earthquake, fire, typhoon, or other widespreaddisaster that causes serious damage in Japan or overseas. Donations aredelivered to local governments and support groups in the affected areas toprovide assistance to the victims and disaster-stricken areas.
Donation period

Donation amount

Donation recipient

Fundraising for the 2023 fires in Hawaii,
United States

Name of donation

August 22 – September
24, 2023

10,577,943 yen

Japanese Red
Cross Society

2023 Turkey-Syria Earthquake Relief Fund

February 14 – March
19, 2023

36,599,589 yen

Japanese Red
Cross Society

Ukraine Humanitarian Crisis Relief Fund

March 4 – May 31,
2022

109,105,246 yen

Japanese Red
Cross Society

Fundraising for the heavy rains in Japanin July 2020

July 8 – August 7,
2020

26,958,030 yen

Japanese Red
Cross Society

Fundraising to support rebuilding Shuri Castle

November 1, 2019
– March 31, 2020

2,714,843 yen

Okinawa
Prefecture

Holding of the 19th Japanese Language Essay Contest for
Chinese Students and award ceremony
Since 2011, the Foundation has annually invited applicants for scholarships fromamong the top Chinese students in the Japanese Language Essay Contest for ChineseStudents, and has provided scholarships to those students who meet the Foundation’s
crit eria. The 19 th aw ar d c er emony f or thecontest was held on November 10, 2023 at thehall of the Japanese Embassy in Beijing, China’s
capital, for the first time in four years. The award
winners and the faculty members who taught
them attended the ceremony with a special
feeling. The Foundation also participated in the
ceremony, congratulating the award winners andcommending their efforts in Japanese language
studies.

Start of selection of
applicants recommended by
local universities in Thailand
Fr om t hi s y e ar, t he
Fou n d a t i o n b e g a n o f f e r in gfinancial support to students
recommended by four local
universities in Thailand(Naresuan University, KhonK a e n U n i v e r s i t y, P r i n c e o f
Songkla University (PSU),
and Thammasat University)
after interviewing them andsele c t i n g t h e m o s t s u i t a b lestudents to become scholars.

Pan Pacific International Holdings Corporate Profile

28

Company Name Pan Pacific International Holdings Corporation (PPIH)

Head Office

2-19-10 Aobadai Meguro-ku, Tokyo 153-0042

Representatives President & CEO, Representative Director Naoki Yoshida

Paid-in Capital

23,351 million yen (As of June 30, 2023)

Business

Number of Employees 2,860 (Consolidated: 17,107) (As of June 30, 2023)

Corporate planning for and management of Group
companies through the holding of shares in suchcompanies, contracted administrative operation ofsubsidiaries, and real estate management

Domestic retail division, etc.

Company NameBusiness

Head OfficeHome Page

Don Quijote Co., Ltd.
Selling home electrical appliances, miscellaneous household goods,
food, watches and fashion-related merchandise, sporting goods andleisure products and other items by the concept of “great convenienceand discount stores”
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.donki.com/en/

Home Page

Macau PRRM
Company NameBusiness
Head OfficeHome Page

Head OfficeHome Page

UNY Co., Ltd.
General retailer handling clothing, housing, food, and leisure.
Operation of retail stores, mainly under the Apita and Piago brands.
1 Amaikegotanda-cho, Inazawa-shi, Aichi 492-8680
https://www.uny.co.jp

Company NameBusiness
Head Office

Head OfficeHome Page

UD Retail Co., Ltd
Administration of discount general merchandise stores whosebusiness type was changed (double-name stores between Don
Quijote and UNY)
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.donki.com/uny/

DONKI (Thailand) Co., Ltd.
Operation of DON DON DONKI stores in Thailand
444 MBK Tower Building, 17th Fl., Phaya Thai Road, Wang Mai,
Pathum Wan, BKK 10330, Thailand
https://www.dondondonki.com/th/

Taiwan PPRM
Company NameBusiness
Head OfficeHome Page

Company NameBusiness

Macau Pacific Rim Retail Management Co., Ltd.
Operation of DON DON DONKI stores in Macau
em Macau, Rua Sul Do Patane No. 94-182, Trust Leisure Garden,
F, G, H, I, O, P, T, U, Macau
https://www.dondondonki.com/mo/

DONKI (Thailand)Home Page
Company NameBusiness

https://ppih.co.jp/en/

Taiwan Pan Pacific Retail Management Co., Ltd.
Operation of DON DON DONKI stores in Taiwan
7F.-6, No. 51, Hengyang Rd., Zhongzheng Dist., Taipei City 100,
Taiwan (R.O.C.)
https://www.dondondonki.com/tw/

Head OfficeHome Page

Nagasakiya Co., Ltd
Development of general merchandise stores focused on food andclothing. Retail operations, mainly of the family-oriented general
discount store MEGA Don Quijote.
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.nagasakiya.co.jp

橘百貨店
Company NameBusiness

Head Office

Tachibana Departmentstore Co., Ltd
General retailer established in 1952 that operates the Miyazaki Nanairo(formerly Bonbelta Tachibana) commercial complex, where the MEGADon Quijote Miyazaki Tachibana Street branch is a core store
3-10-32 Tachibanadori-nishi, Miyazaki-shi, Miyazaki 880-8586

Overseas retail division

Company NameBusiness
Head Office

Pan Pacific Strategy Institute Pte. Ltd.
Management of overseas operating companies and related activities
12 Marina Boulevard, #34-03 Marina Bay Financial Centre Tower 3,018982, Singapore

PPRM (SG)Company NameBusiness
Head OfficeHome Page

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

Company NameBusiness
Head OfficeHome Page

Company NameBusiness
Head OfficeHome Page

Company NameBusiness
Head OfficeHome Page

Don Quijote (USA) Co., Ltd.
Supermarket chain store in Hawaii, USA
801 Kaheka St. Honolulu, HI 96814, USA
https://donquijotehawaii.com/

Pan Pacific Retail Management (Hong Kong) Co., Ltd.
Operation of DON DON DONKI stores in Hong Kong
Suites 2501-2502, 25/F, Nina Tower 2, 8 Yeung Uk Road, Tsuen
Wan, New Territories, Hong Kong
https://www.dondondonki.com/hk/

Company NameBusiness
Head OfficeHome Page

QSI, Inc.
Supermarket operations in Hawaii, USA
3375 Koapaka St. D-108 Honolulu, HI 96819, USA
https://www.timessupermarkets.com

Marukai Corporation
Company NameBusiness
Head OfficeHome Page

Marukai Corporation
Supermarket operations and development, import, and sales of foodand household products.
1740 West Artesia Blvd. Gardena, CA 90248, USA
https://www.marukai.com
https://www.tokyocentral.com

Marukai Hawaii
Company NameBusiness
Head OfficeHome Page

Marukai Hawaii Co., Ltd.
Operation of supermarkets specializing mainly in Japanese foods in
Hawaii, USA
2310 Kamehameha Hwy. Honolulu, HI 96819-4531, USA
http://www.marukaihawaii.com

Distribution division

Head OfficeHome Page

Pan Pacific International Trading Co., Ltd.
Product development, procurement, and production control
overseas; procurement of products from overseas markets; exports
to Group companies; etc.
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.ppit.co.jp/en/

Company NameBusiness
Head OfficeHome Page

Fujiya Shoji Co., Ltd.
General wholesale, logistics, and management of inventory center
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.fujiya-shoji.co.jp/en/

PPRM (MY)Company NameBusiness
Head OfficeHome Page

29

Pan Pacific Retail Management (Malaysia) Sdn. Bhd.
Operation of specialty stores in Malaysia
R7, Level 5, Annexe Block, Lot 10 Shopping Centre, 50, Jalan
Sultan Ismail, 50250, Kuala Lumpur, Malaysia
https://www.dondondonki.com/my/

Pan Pacific International Holdings Corporate Profile

Company NameBusiness

Company NameBusiness
Head OfficeHome Page

Head OfficeHome Page

Japan Commercial Establishment Co., Ltd.
Real estate leasing, management, buying, selling, and brokering; carpark operations and management; etc.
4-14-1 Kitakasai Edogawa-ku, Tokyo 134-0081
https://www.j-ce.co.jp

Airline Hotel Co., Ltd.
Accommodation, restaurant
3-10-19 Tachibanadori-nishi, Miyazaki-shi, Miyazaki 880-0001
https://www.airlinehotel.jp

Operation Shared Services Co., Ltd.

Company NameBusiness
Head OfficeHome Page

Japan Asset Marketing Co., Ltd.
Tenant leasing, real estate management, facility maintenance andsecurity management
4-14-1 Kitakasai Edogawa-ku, Tokyo 134-0081
https://www.jasset.co.jp/

Company NameBusiness

Head OfficeHome Page

D-ONE Co., Ltd.
Store development, real estate business, advisory business(development work for other companies and consulting), subleasing, asset management, and property management.
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.d-one.co.jp/

Company NameBusiness
Head OfficeHome Page

SUNREFORM Co., Ltd.
Renovation service, repairing service
1 Amaikegotanda-cho, Inazawa-shi, Aich 492-8680
https://www.sun-reform.jp

Company NameBusiness
Head Office

Operation Shared Services Co., Ltd.
General affairs, asset management, procurement, etc.
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042

Digital division

Company NameBusiness
Head OfficeHome Page

KaibaLab Corporation
Research and proposals regarding the use of technology in the retailfield, information-related services, etc.
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.kaibalab.com

Gelson’s Markets
Premium supermarket
16400 Ventura Blvd. Suite 240 Encino, CA 91436-2123, USA
https://www.gelsons.com

QSI

Company NameBusiness

PPRM (HK)Services division

Don Quijote (USA)

Gelson’s Markets
Company NameBusiness

Real estate division

Advertising and promotion division

Company NameBusiness
Head OfficeHome PageREALIT Co., Ltd.
Internet service business
Kanda Yasukuni-dori Bldg. 5F, 3-3 Kanda Ogawa-cho, Chiyoda-ku,
Tokyo 101-0052
https://www.realit.co.jp

Financial services division

Company NameBusiness

Head OfficeHome Page

Company NameBusiness
Head OfficeHome Page

Pan Pacific International Financial Service Corporation
General management of group financial companies, customer
information management, provision of financial services, e-money
business, sales promotion services using mobile terminals, etc., andother businesses
2-19-10 Aobadai Meguro-ku, Tokyo 153-0042
https://www.ppif.co.jp

UCS Co., Ltd.
Credit card service (shopping, financing), digital cash service,
insurance agency service, and others (lease, traveling, etc.)
1 Amaikegotanda-cho, Inazawa-shi, Aich 492-8686
https://www.ucscard.co.jp*Items not dated are as of December 1, 2023

Pan Pacific International Holdings Corporate Profile30