February 27, 2019
To whom it may concern
Company name:

Pan Pacific International Holdings Corporation

Former company name:
Representative:

Don Quijote Holdings Co., Ltd.
Koji Ohara, 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 Director and CFO

Phone:+81-3-5725-7588

Announcement of Acquisition of Shares(Conversion into Affiliate Accounted for under the Equity Method)
Pan Pacific International Holdings Corporation (“the Company”), announced that aresolution was passed at the Board of Directors meeting held today to acquire fromFamilyMart UNY Holdings Co., Ltd. (“FamilyMart UNY HD”), a portion of its shares ofstock in Kanemi Co., Ltd. (“Kanemi”), a consolidated subsidiary of FamilyMart UNY
HD that operates retail stores selling items such as sushi, deep-fried foods, and otherprepared foods and that produces and sells boxed meals for convenience stores. Throughthis acquisition of shares (“the Share Acquisition”), Kanemi will be converted into anaffiliate accounted for under the equity method of the Company.
1. Reason for the Share AcquisitionKanemi develops retail stores that sell sushi, deep-fried foods, and other prepared foods
primarily within supermarkets. The company is an important business partner of UNYCo., Ltd., which was converted into a wholly owned subsidiary on January 4, 2019.
By acquiring shares, the Company seeks to strengthen its relationship with Kanemi andthereby enable the prepared food sales floors operated by Kanemi in UNY stores to bereformed through the collaboration of these two companies. Moreover, we expect theShare Acquisition to contribute to improved profitability for the entire Group.
2. Outline of the Company to Be Converted into Affiliate Accounted for under the Equity
Method(1) Name
Kanemi Co., Ltd.
(2) Location
3-107, Tokushige, Midori-ku, Nagoya, Aichi(3) Name and title ofKotaro Miwa, President and CEO
representative(4) Description ofOperation of retail stores selling items such as sushi,
business
deep-fried foods, and other prepared foods; production
and sale of boxed meals for convenience stores1(5) Capital(6) Date of establishment(7) Major shareholders
and ownership
percentages(as of September 30,2018)¥2,002 million (as of December 31, 2018)
March 29, 1971
FamilyMart UNY Holdings Co., Ltd.
52.95%
Kanemi Business Partner Shareholding
3.63%
AssociationKotaro Miwa
3.14%
Ryoji Miwa
2.34%
SHOW-WA Co., Ltd.
2.32%
TOKAN Co., Ltd.
2.11%
TableMark Co., Ltd.
2.10%
Kanemi Employee Shareholding Association
1.35%
MUFG Bank, Ltd.
1.27%
Tokai Tokyo Financial Holdings, Inc.
1.01%
(8) Relationship between Capital
There are no capital relationships between
the Company andrelationship the two companies.
Kanemi Co., Ltd.
Personnel
One director of the Company servesrelationship concurrently as a director of Kanemi Co.,Ltd.
BusinessKanemi Co., Ltd., operates retail stores
relationship selling side dishes within thesupermarkets of UNY Co., Ltd., asubsidiary of the Company, and side dishmanufacture and sales transactions are
conducted between the two companies.
(9) Operating results and financial condition of Kanemi Co., Ltd., in the past threefiscal years
Fiscal year ended
March 31, 2016
March 31, 2017 March 31, 2018
Net assets¥27,964 million¥26,941 million ¥24,810 million
Total assets¥36,687 million¥35,244 million ¥34,502 million
Net assets per¥2,830.25¥2,737.17¥2,521.16
share
Net sales¥89,939 million ¥88,258 million ¥90,233 million
Operating income¥3,067 million¥498 million ¥(1,167) million(loss)
Ordinary income¥3,177 million¥582 million ¥(1,062) million(loss)
Profit (loss)¥1,815 million¥(514) million¥(932) million
attributable toowners of parent
Profit (loss) per¥183.46¥(52.08)¥(94.73)2shareCash dividends per
share¥60.00¥60.00¥60.003. Outline of the Company from Which Shares of Stock Will Be Acquired(1) Name
FamilyMart UNY Holdings Co., Ltd.
(2) Location
3-1-21 Shibaura, Minato-ku, Tokyo(3) Name and title ofKoji Takayanagi, Representative Director and President
representative(4) Description of business Holding company for operators of convenience stores, etc.
(5) Capital¥16,659 million (as of November 30, 2018)(6) Date of establishment September 1, 1981
(7) Major shareholders and ITOCHU Corporation
41.43%
ownership percentages The Master Trust Bank of Japan, Ltd.
9.89%
(as of August 31, 2018) (Trust account)
ITOCHU RETAIL INVESTMENT, LLC
8.58%
Japan Trustee Services Bank, Ltd.
5.30%
(Trust account）
Trust & Custody Services Bank, Ltd.
2.07%
(Securities Investment Trust Account)
NTT DOCOMO, INC.
1.43%
Nippon Life Insurance Company
1.22%
STATE STREET BANK WEST CLIENT 1.12%
TREATY 505234
BNP Paribas Securities (Japan) Limited
1.11%
Japan Trustee Services Bank, Ltd.
0.96%
(Trust account 5)(8) Relationship between Capital
FamilyMart UNY Holdings Co., Ltd.,the Company andrelationship holds 24,721 shares of stock in theFamilyMart UNYCompany.
Holdings Co., Ltd.
Personnel
There are no personnel relationships
relationship between the two companies.
Business
There are no business relationships
relationship between the two companies.
Status as
The two companies do not constituterelatedrelated parties.
parties34. Number of Acquired Shares, Acquisition Cost, and Shares Held Before and After
Acquisition(1) Number of shares held
0 sharesbefore acquisition(ownership ratio of voting rights: 0%)(2) Number of acquired shares 2,615,061 shares(number of voting rights: 26,150)(3) Acquisition cost
Common shares of Kanemi Co., Ltd.: ¥7,892 million(4) Number of shares held
2,615,061 shares
after acquisition(number of voting rights: 26,150)(ownership ratio of voting rights: 26.55%)
5. Schedule
Date of resolution of the Board of Directors

February 27, 2019
Date of conclusion of share transfer agreement
February 27, 2019
Date of execution of share transfer
April 12, 2019 (tentative)
Note: Conditional on passing the waiting period and the approval screening period
stipulated in the Act on Prohibition of Private Monopolization and Maintenance of Fair
Trade (Act No. 54 of 1947, as amended).
6. Outlook
The impact of the Share Acquisition on performance in the fiscal year ending June 30,
2019, is projected to be minimal.

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