Pan Pacific International Holdings Co., Ltd

What Pan Pacific International Holdings Co., Ltd does

Pan Pacific International Holdings Co., Ltd. (PPIH), founded in 1989 by Takao Yasuda and listed on the Tokyo Stock Exchange Prime Market (ticker 7532), is a Japan-headquartered retail holding company operating 799 stores across 8 countries and regions under multiple differentiated formats. Domestically the group operates Don Quijote and MEGA Don Quijote discount stores (447 locations), GMS supermarket banners Apita and Peer (123 stores), Robin Hood food discount stores (5), and small-format convenience stores (39), complemented by wholly-owned operating subsidiaries including Don Quijote Co., Uni Co., UD Retail, Nagasakiya, and Mandarin Ko. Internationally the group runs DON DON DONKI in Asia, Gelson's Markets premium grocery in California/Hawaii, and MARUKAI / Tokyo Central Japanese-grocery stores in the United States. The business model is omnichannel physical retail supported by private-brand development (Jounetsu Kakaku/Passion Price, eco!on sustainability line), the proprietary majica electronic-money and app-coupon platform, and an in-house logistics and sustainability capability that includes water-based flexographic packaging printing and dual-temperature CA container sea-transport trials for Japanese agricultural exports through PPIC partnerships.

Revenue is generated primarily through direct retail merchandise sales — FY2025 (ended June 2025) consolidated sales of ¥2,246,758M (~$14.9B) decomposed as Japan ¥1,896,113M (84.4%), North America ¥259,437M (11.5%) and Asia ¥91,209M (4.1%), with FY2025 pre-tax profit of ¥136,910M. The group serves 600 million+ customer visits per year with a customer base skewed female (>50%), attracted through 'convenience, low prices, excitement' positioning across formats spanning discount to premium grocery. FY2025 year-end headcount of 17,075 (including temporary staff) is supplemented by 477 full-time foreign employees and 5,151 part-time foreign employees in Japan. Beyond merchandise, revenue diversification efforts include the Olympic Group (acquired July 1, 2026), inbound-tourism-targeted store formats, Japanese agricultural exports via PPIC, and ecosystem partnerships spanning rail logistics (Senko Co.), reverse-logistics recycling (Suntory bottle-to-bottle), and ESG/sustainability initiatives.

Name

Pan Pacific International Holdings Co., Ltd

Legal name

株式会社パン・パシフィック・インターナショナルホールディングス

Website

https://ppih.co.jp

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Pan Pacific International Holdings is a Japan-listed retail holding company operating 799 stores across 8 countries through Don Quijote, MEGA Don Quijote, Apita, Peer, Robin Hood, DON DON DONKI, Gelson's and Tokyo Central, serving 600 million+ discount and supermarket customers annually with FY2025 sales of ¥2,246,758M (~$14.9B).

Ownership category

akta.pro rank

Product category

Discount Retail

NAICS

General Merchandise Retailers (455)

SIC

Retail-Variety Stores (5331), Retail-Miscellaneous Shopping Goods Stores (5940)

akta.pro primary industry

Daiso-Style Japanese/Asian Variety Stores (CRAEAGAE)

akta.pro secondary industries

Single-Price Variety & Five-and-Dime Stores (CRAEAAAF), Daiso-Style Japanese Variety Stores (CRAGAJAF)

Keywords

• Discount retail
• Specialty supermarket
• Private label brands
• Omnichannel retail
• Japanese grocery export

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Store Sales: Revenue from sales of diversified merchandise including food, daily goods, apparel, and specialty items across multiple domestic and international store formats. Represents the primary revenue stream.
2. Retail Merchandise Sales (Diversified Retail): Revenue breakdown by region: Japan ¥1,896,113M, North America ¥259,437M, Asia ¥91,209M, totaling ¥2,246,758M (fiscal year 2025).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

PPIH operates 799 retail stores across Japan and international markets selling discounted food, daily goods, apparel, and specialty items through discount, supermarket, food discount, and premium grocery formats. The company monetizes via in-store product sales and proprietary private brands (Jounetsu Kakaku / Passion Price, eco!on), supported by the majica electronic money and loyalty platform used across the group.

Product overview

Pan Pacific International Holdings Co., Ltd (PPIH) operates a diversified retail portfolio consisting of discount stores (ドン・キホーテ/Don Quijote and MEGA variants), supermarkets (アピタ/Apita and ピアゴ/Peclo), and food discount stores (ロビン・フッド/Robin Hood). Internationally, PPIH maintains presence through DON DON DONKI in Asia, Gelson's Markets premium grocery stores in the US, and MARUKAI/TOKYO CENTRAL Japanese grocery formats. The company differentiates through its private brand line 情熱価格 (Passion Price) developed with customer input, and operates majica, a proprietary electronic money system. The retail operations span multiple formats from large hypermarkets to small-format convenience stores, serving both domestic Japanese and international markets.

Differentiator

Problem solved

Functional benefit

Brands

• 情熱価格 (Jounetsu Kakaku): PPIH's private brand line offering value-priced products
• majica
• eco!on (エコオン)
• PPIC (Pan Pacific International Club)

Products and services

• Don Quijote (ドン・キホーテ) Japanese discount store chain offering a wide assortment of household items, food, cosmetics, electronics, and specialty goods at competitive prices with a distinctive in-store atmosphere. Targets mass-market Japanese consumers and inbound tourists.
• MEGA Don Quijote (MEGAドン・キホーテ) Larger-format discount store variant with expanded floor space and broader product assortment than standard Don Quijote stores. Includes large stores such as MEGA Don Quijote MAX carrying approximately 60,000 SKUs.
• Apita (アピタ) Supermarket format offering groceries, daily necessities, and general merchandise with emphasis on fresh food and regional product selection for local Japanese communities.
• Peer (ピアゴ) Supermarket chain providing daily groceries and household products with emphasis on value and convenience for local Japanese communities.
• Robin Hood (ロビン・フッド) Food discount store format specializing in low-priced food products, daily necessities, and ready-to-eat items such as the popular 'うみゃ～棒' snack line.
• DON DON DONKI Overseas retail brand bringing Japanese products to international markets across Singapore, Hong Kong, Taiwan, Thailand, Malaysia, Macau, and the USA. Functions as a Japan-brand specialty store serving international consumers and inbound tourists.
• Gelson's Markets Premium grocery store chain operating in California and Hawaii, USA, known for high-quality perishables and specialty foods. Targets affluent US consumers seeking premium grocery assortment.
• MARUKAI / Tokyo Central Japanese grocery store format operating in the United States, offering authentic Japanese food products, household goods, and specialty items to Japanese and Japanese-American consumers.
• Jounetsu Kakaku / Passion Price (情熱価格) PPIH's customer co-created private brand line offering value-priced daily necessities, food products, and household goods developed with direct customer input on quality and pricing.
• majica PPIH group's proprietary electronic money and membership card system accepted across group stores, providing points, app coupons, and discount benefits including the 'Super Maji Return Festival' promotional campaigns.

Quantifiable outcome

• Reduce CO₂ emissions in printing by ~70% (Suri-mixed nuts DX) and ~60% (Yaba-mori pasta series) through water-based flexographic printing
• +3 more outcomes

Named customers5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

18 partnerships are on record, tiered core and minor.

• Ocean Network ExpresscoreStrategic or Co-development Partner · 1 November 2023PPIH partnered with Ocean Network Express and NAX JAPAN Co., Ltd. to conduct trial sea transport using dual-temperature zone CA (Controlled Atmosphere) containers for Japanese agricultural exports. The containers feature two compartments for products with different temperature requirements and CA functionality to extend shelf life.
• NAX JAPAN Co., Ltd.coreStrategic or Co-development Partner · 1 November 2023NAX JAPAN Co., Ltd. partnered with PPIH and Ocean Network Express for dual-temperature CA container sea transport trials for Japanese agricultural exports, enabling extended shelf life and reduced food waste in international shipping.
• PPIC (Pan Pacific International Club)coreStrategic or Co-development Partner · 1 October 2020PPIC is a partnership organization launched by PPIH in October 2020 to expand Japanese agricultural, livestock, and fishery exports. It brings together Japanese producers, export businesses, related organizations, and local governments under an 'All-Japan' approach.
• TCA Tokyo ECO Animal Marine Technical College, Osaka ECO Animal Marine Technical College, Nagoya ECO Animal Marine Technical CollegeminorStrategic or Co-development PartnerThree ECO Animal Marine Technical Colleges partner with PPIH for joint aquarium maintenance projects across 16 Don Quijote and MEGA DONKI stores. 229 students have participated since 2019, gaining practical learning through marine life ecosystem management.
• Suntory Food International Co., Ltd. (サントリー食品インター株)minorStrategic or Co-development PartnerPPIH partners with Suntory Food International in 'bottle to bottle' horizontal recycling, where used PET bottles collected at Apita and Peer stores (~90 locations) are recycled into new beverage PET bottles by Suntory.
• Senko Co., Ltd. (センコー株式会社)coreStrategic or Co-development PartnerPPIH partners with Senko for logistics including modal shift (rail transport between Kanto-Kansai and Kanto-Tokai routes), EV truck delivery in Tokyo/Saitama areas, and double-linked truck transport for long-distance shipping, reducing CO₂ emissions.
• Japan Guide Dog Association (公益財団法人日本盲導犬協会) and NPO Liaison Council for All Japan Guide Dog Facilities (認定NPO法人全国盲導犬施設連合会)minorStrategic or Co-development PartnerPPIH conducts fundraising activities for guide dog breeding and training at group stores. Total cumulative donations: ¥155,055,316 to Japan Guide Dog Association (from Nov 2014) and ¥35,634,420 to Liaison Council (from Feb 2014) as of June 2025.
• FTSE Russell (FTSE4Good Index)minorOthersFTSE Russell evaluates and includes PPIH in ESG indices FTSE4Good Index Series and FTSE Blossom Japan Index based on ESG performance assessment.
• JCLP (Japan Climate Leaders Partnership)minorOthersPPIH participates in JCLP since June 2022, a Japanese corporate group committed to decarbonization and achieving a carbon-free society, aligned with international non-profit The Climate Group.
• ASSC (General Incorporated Association - Global Alliance for Sustainable Supply Chains)minorOthersPPIH partnered with ASSC from 2025 to improve the effectiveness of human rights due diligence implementation processes in its supply chain through NGO collaboration.
• Eco-First Promotion Council (エコ・ファースト推進協議会)minorOthersUni Co. (PPIH group company) participates in the Eco-First Promotion Council since its founding, working with 23 other eco-first certified companies to promote environmental conservation activities.
• EPOC (Environmental Partnership Club)minorOthersUni Co. joined EPOC (Environmental Partnership Club) in 2008, a central Japan industry initiative for environmental load reduction activities, research, exchange, practice, and information sharing toward a circular economic society.
• CDP (Carbon Disclosure Project)minorOthersCDP evaluates and scores PPIH on climate change response. PPIH achieved Management Level B rating in CDP's climate change assessment.
• ReBit (認定特定非営利活動法人ReBit)minorOthersPPIH collaborated with ReBit to create an LGBTQ+ understanding content page on the company intranet, including educational videos and guidance on supporting LGBTQ+ colleagues in the workplace.
• 公益社団法人日本レスリング協会 (Japan Wrestling Association)minorStrategic or Co-development PartnerPPIH sponsors the Japan Wrestling Association since 2005 and serves as title sponsor for beach wrestling events (Don Quijote Cup All Japan Beach Wrestling Okinawa), supporting athlete development and youth sports.
• 全国子ども防災作文コンクール実行委員会 (National Children's Disaster Prevention Essay Contest Executive Committee)minorStrategic or Co-development PartnerPPIH co-sponsors the National Children's Disaster Prevention Essay Contest annually since 2020, supporting disaster education for children and families.
• 昭和女子大学福祉社会学科 (Showa Women's University Faculty of Social Welfare)minorStrategic or Co-development PartnerPPIH partners with Showa Women's University for cross-cultural exchange activities and multicultural co-existence understanding programs, including disaster prevention education using multilingual cards at Don Quijote Ikebukuro.
• National Center for Child Health and Development (国立研究開発法人 国立成育医療研究センター)minorStrategic or Co-development PartnerPPIH has donated to the National Center for Child Health and Development since 2020 for transplant research, contributing to medical advances for children with serious illnesses.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Walmart Inc. World's largest discount retailer operating supercenters, neighborhood markets, and international formats. Comparable scale, broad-assortment discount model, and global footprint, though with grocery-led rather than variety-led assortment.
• Seven & i Holdings: Larger Japanese retail holding company operating Seven-Eleven Japan, Ito-Yokado (GMS), York Benimaru, and Sogo & Seibu. Comparable diversified retail conglomerate with overlapping discount/GMS positioning and greater scale than PPIH.
• Costco Wholesale Corporation: Global membership-based warehouse club retailer offering broad assortment at low prices. Comparable to PPIH's MEGA format and value-retail positioning, though fundamentally membership-driven rather than open-access.
• Dollar Tree, Inc. US-headquartered multi-banner discount/variety retailer (Dollar Tree, Family Dollar). Comparable in deep-value assortment, broad SKU variety, and small-to-mid box store format, though operates primarily in North America.

Direct peers

• Five Below, Inc. US specialty discount retailer offering trend-driven merchandise across fixed low-price points. Comparable in extreme-value variety/discount positioning and treasure-hunt shopping experience, though smaller in scale and US-only.
• AEON Co., Ltd. Japan's largest retail conglomerate operating discount stores (AEON), supermarkets (AEON Supermarket), GMS, and convenience stores (Ministop). Directly comparable to PPIH as a diversified multi-format Japanese retailer with both discount and GMS operations at comparable national scale.
• Izumi Co., Ltd. Japanese regional GMS and supermarket operator with discount and food-focused formats. Comparable mid-scale Japanese GMS/discount hybrid with overlapping regional footprint to PPIH's UNY/Apita/Peer banner.
• Daiso (Daiso Industries / Pan Pacific International Holdings is distinct; Daiso is operated by Daiei Kanki): Japan-headquartered single-price variety store chain with massive global store presence. Most direct peer to Don Quijote's variety-store format, though Daiso operates on a single-price model rather than Don Quijote's mixed-price discount concept.

Regional players

• Lawson, Inc. Japanese convenience store chain under Mitsubishi Corporation ownership. Comparable in Japanese small-format high-frequency retail, though different category mix (food/FF vs. Don Quijote's variety assortment).
• J. Front Retailing Co., Ltd. Japanese department store operator (Daimaru, Matsuzakaya) with GMS exposure. Comparable Japanese multi-format retail platform, though department-store-led rather than discount-led.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PPIH_Official
• YouTubeyoutube.com/@PPIH_official
• Facebookfacebook.com/PPIH.Official
• LinkedInlinkedin.com/company/pan-pacific-international-holdings-corporation
• Instagraminstagram.com/ppih_official

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pan Pacific International Holdings Co., Ltd