Pan Pacific International Holdings (7532) investor relations material

Executive summary

• Net sales for the nine months ended March 31, 2026, rose 8.2% YoY to ¥1.8265 tn, with operating income up 6.9% to ¥137.5 bn and profit attributable to owners of parent up 23.8% to ¥94.0 bn, driven by agile pricing, expanded tax-free sales, and new store openings.

• The group opened 10 new stores in Japan and 4 overseas, while closing 7 stores globally, resulting in 786 stores worldwide at period end.

• Launched the new "Robin Hood" food-focused retail format, aiming for 200–300 stores by 2035.

• Announced a share exchange agreement with Olympic Group Corporation to expand the store network and accelerate new format rollout.

• Gross margin was 31.4%, down 0.5 pts YoY, impacted by Kanemi consolidation and price-led strategies.

Financial highlights

• Profit attributable to owners of parent rose 23.8% YoY to ¥94.0 bn; basic EPS up 23.7% to ¥31.45, reflecting a 5-for-1 stock split.

• EBITDA increased 7.3% YoY to ¥176.5 bn.

• Q3 net sales grew 10.2% YoY to ¥616.4 bn; Q3 operating income up 11.8% YoY to ¥43.5 bn.

• Gross profit increased to ¥572.724 bn from ¥538.712 bn YoY.

• Comprehensive income for the period was ¥106.378 bn, up from ¥81.813 bn YoY.

Outlook and guidance

• Full-year forecast for FY ending June 30, 2026: net sales ¥2,435,000 million (+8.4%), operating income ¥174,000 million (+7.2%), profit attributable to owners of parent ¥107,000 million (+18.2%), and basic EPS ¥35.80.

• Confidence in meeting full-year guidance has increased, but guidance remains unchanged due to external uncertainties, especially in the Middle East.

• April flash notes indicate continued YoY growth in domestic retail sales and customer traffic.