PAN PACIFIC INTERN-UNSP ADR Business Summary

Pan Pacific International Holdings (PPIH), represented by the DQJCY ADR, is a leading Japanese discount retail conglomerate that generates revenue through high-volume sales across its extensive network of physical stores and digital platforms. The company’s operations are divided into three primary segments: the Discount Store business (Don Quijote and MEGA Don Quijote), the General Merchandise Store (GMS) segment (UNY and APITA), and the International segment (Don Don Donki and Gelson’s Markets). Revenue is driven by a unique "CV+D+A" (Convenience, Discount, and Amusement) model, which utilizes decentralized procurement and a signature "compressed display" strategy to maximize floor-space productivity and consumer engagement. PPIH competes directly with major retail players such as Aeon Co., Ltd., Seven & i Holdings, and Daiso Industries. Within this competitive landscape, PPIH maintains a dominant position in the "amusement-retail" niche, bolstered by its high-margin "Jonetz" private brand and the strategic 2026 acquisition of Olympic Group Corporation. Founded by Takao Yasuda in 1978, the company is currently led by President and CEO Hideki Moriya, who oversees the group’s "Double Impact 2035" expansion strategy. The leadership team includes Kosuke Suzuki as COO and Representative Director, Satoshi Nakashima as Director and Acting CFO, and Yuji Ishii as Chief Administrative Officer. Founder Takao Yasuda remains an influential figure as Founding Chairman and Supreme Advisor, ensuring the preservation of the company’s entrepreneurial "Big Box" culture. PPIH is backed by a strong base of institutional and strategic investors, including DQ Windmolen B.V., FamilyMart Co., Ltd., BlackRock, and The Vanguard Group. This executive team is focused on scaling the company’s global footprint and enhancing its digital ecosystem through the "majica" financial services app, positioning the firm for sustained growth across the Pacific Rim.