December 6, 2019
To whom it may concern
Company name:

Pan Pacific International Holdings Corporation

Former company name:

Don Quijote Holdings Co., Ltd.

Representative:

Naoki Yoshida, President and CEO

Securities code:7532 First Section, Tokyo Stock Exchange

Address:

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

Information disclosure:

Mitsuo Takahashi, Senior Managing Executive Officer, CFO

Phone:+81-3-5725-7588

Announcement Regarding Capital Increase by Overseas Subsidiary(Additional Allocation to Existing Shareholders) and New Overseas Business Management TeamPan Pacific International Holdings Corporation (“the Company”) announced that overseas consolidated
subsidiary DONKI Thonglor Co., Ltd., of Thailand, performed a capital increase (additional allocation to existing
shareholders). Details are as follows.
In addition, the Company will institute a new management team for the PPIH Group’s overseas business as
described below.
1. Capital Increase by Subsidiary(1) Purpose of Capital Increase
The PPIH Group currently operates one store (DONKI MALL THONGLOR, which has a DON DON DONKI
store as a principal tenant) in Thailand. This store is operated by DONKI Thonglor Co., Ltd., a subsidiary inwhich the Company invests jointly together with TOA VENTURE HOLDING CO., LTD., Thailand’s leading
paint manufacturing group.
The aforementioned capital increase by DONKI Thonglor Co., Ltd., was performed to allocate shares to Saha
Pathana Inter-Holding Plc., a company that engages in consumer goods, real estate, and a wide range of otheroperations in Thailand. The purpose of this move was to strengthen relationships with the company in order tofacilitate the operation of stores in Thailand.
(2) Outline of Relevant Consolidated Subsidiary
(1)

Name

DONKI Thonglor Co., Ltd.

(2)

Description of business

Retail operations(3)

Date of establishment

April 25, 2018(4)

Location

388 Exchange Tower, Level 33, Unit 3304-2, Sukhumvit Road, Klongtoey,Bangkok, Thailand(5)

Representative

Yosuke Shimanuki, President(6)

Capital

THB100,000,000 (approx. ¥359 million)*1*1 Translated at the rate of THB1 = ¥3.59

1

(3) Outline of Recipients of Capital Increase
・Saha Pathana Inter-Holding Plc.
(1)

Name

Saha Pathana Inter-Holding Plc.

(2)

Description of business

Investment in consumer goods, food and beverage, industrial parks, andother businesses(3)

Date of establishment

January 1, 1972(4)

Location

530 Soi Sathupradit 58, Bangpongpang, Yannawa, Bangkok, Thailand(5)

Representative

Boonsithi Chokwatana, Chairman(6)

Capital

THB582,923,188 (approx. ¥2,093 million)*1(7)

Major shareholders andChokwatana Company Limited

16.80%

ownership percentages

ICC International Public Company Limited

9.97%

Saha Pathanaphibun Public Company Limited

8.64%

(8)

Relationship between theCapital

Saha Pathana Inter-Holding Plc. and three of its

Company

relationshipsubsidiaries invest in DONKI Thonglor Co., Ltd.

Personnel

There are no personnel relationships between the two

relationshipcompanies.

Business

There are no business relationships between the tworelationshipcompanies.

PathanaandSahaInter-Holding

Plc.

*1 Translated at the rate of THB1 = ¥3.59
・TOA VENTURE HOLDING CO., LTD.
(1)

Name

TOA VENTURE HOLDING CO., LTD.

(2)

Description of businessHolding company operating paint and chemical product manufacturingbusinesses(3)

Date of establishment

November 25, 2015(4)

Location

31/1 Moo 3, Debaratana Road, Bang Sao Thong Sub-district, SamutPrakarn Province, Thailand(5)

Representative

Nattavuth Tangkaravakoon, President(6)Capital

THB1,674,500,000 (approx. ¥6,011 million)*1(7)

Major shareholders andownership percentages(8)

Relationship between theCompanyandTOAVENTURE HOLDINGCO., LTD.

TOA Group Holding Co., Ltd.

Capitalrelationship
Personnel
relationship100.00%TOA VENTURE HOLDING CO., LTD., invests in
DONKI Thonglor Co., Ltd., and three other companies inThailand jointly with PPIH Group companies.
TOA VENTURE HOLDING CO., LTD., dispatches
officers to two consolidated subsidiaries of the Companyin Thailand.

Business

There are no business relationships between the tworelationshipcompanies.

*1 Translated at the rate of THB1 = ¥3.59

2

・PPI (Thailand) CO., LTD.
(1)

Name

PPI (Thailand) CO., LTD.

(2)

Description of businessHolding company(3)

Date of establishment

September 21, 2016(4)

Location

952 Ramaland Building, Floor 13, Rama Ⅳ Road, Suriyawong Subdistrict, Bang Rak District, Bangkok, Thailand(5)

Representative

Yosuke Shimanuki, President(6)

Capital

THB2,000,000 (approx. ¥7 million)*1(7)

Major shareholders and

Pan Pacific Retail Management (Singapore) Pte. Ltd.

49.00%

ownership percentages

Three other companies

51.00%(8)

Relationshipbetweenthe Company and PPI(Thailand) CO., LTD.

Capitalrelationship

PPI (Thailand) CO., LTD., is a consolidated subsidiary of
the Company in which a subsidiary of the Company holds
a 49.00% stake.

Personnel

All four directors of PPI (Thailand) CO., LTD., have been

relationshipdispatched from PPIH Group companies.

Business

There are no business relationships between the two

relationshipcompanies.

*1 Translated at the rate of THB1 = ¥3.59(4) Outline of Capital Increase(1) Number of shares

PPI (Thailand) CO., LTD.

94,996 shares95.00%

held and ownership

TOA VENTURE HOLDING CO., LTD.

5,000 shares

5.00%

ratios before capital

Saha Pathana Inter-Holding Plc. and three subsidiaries

4 shares0.00%

increase(2) Number and type

Common stock: 350,000 sharesof shares issued(THB1,000 per share, total capital increase of
THB350,000,000 (approx. ¥1,257 million*1))
・Breakdown
PPI (Thailand) CO., LTD.

175,004 shares

Saha Pathana Inter-Holding Plc. and three subsidiaries

98,996 shares

TOA VENTURE HOLDING CO., LTD.

76,000 shares(3) Number of shares

PPI (Thailand) CO., LTD.

270,000 shares

60.00%

held and ownership

Saha Pathana Inter-Holding Plc. and three subsidiaries

99,000 shares

22.00%

ratiosTOA VENTURE HOLDING CO., LTD.

81,000 shares

18.00%

aftercapitalincrease*1 Translated at the rate of THB1 = ¥3.59(5) Schedule
Date of resolution

December 4, 2019

Date of payment

December 6, 20193

(6) Outlook
The impact of the capital increase on performance in the fiscal year ending June 30, 2020, is projected to beminimal.
2. Overseas Business Management Team
(1) New Management TeamJurisdiction

NameMajor Titles within the PPIH Group
Director, Managing Executive Officer, and CMO

Overseas operations

Kazuhiro Matsumoto(Global), Pan Pacific International Holdings
CorporationU.S. operations

Yasuyuki Sakamoto

Singapore operations

Satoshi Machida

Thailand operations

Yosuke Shimanuki

Hong Kong operations

Mitsuyoshi Takeuchi

Executive Officer, Pan Pacific International
Holdings Corporation
Executive Officer, Pan Pacific International
Holdings Corporation
President, PPI (Thailand) CO., LTD.
Executive Officer, Pan Pacific International
Holdings Corporation

Note: In the news release on changes to the representative director and to directors issued on August 13, 2019
(in Japanese only), it was announced that Koji Ohara, former president and CEO, would become founding
chairman, special advisor, and special director of the Company and president of Pan Pacific Retail Management(USA) Co. Ltd. on September 25, 2019. However, based on his request, it was later decided that Mr. Ohara would
leave the PPIH Group completely on September 25, 2019, and that all titles at Group companies would bedissolved.
(2) Date of New Management Team Institution
September 25, 20194