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Pan Pacific International Holdings
(7532)
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Rating:61Neutral
Price Target:
¥905.00
▲(4.90% Upside)
Action:Reiterated
Date:05/15/26
The score is supported by solid financial performance (improving margins, strong ROE, and improving leverage), but is held back by weak technical trends (below key moving averages with negative MACD) and softer cash-flow momentum. Valuation is only moderately supportive given a ~23.9 P/E and ~1.0% dividend yield.
Positive Factors
Improving profitability and returns
Sustained margin improvement and a ~16% ROE indicate the business converts sales into profit efficiently. This enhances internal funding for store investment and marketing, supports cyclical resilience, and underpins durable shareholder returns absent reliance on external financing.
Negative Factors
Elevated absolute debt load
Despite improved leverage ratios, a large absolute debt stock of ~¥399B constrains strategic flexibility for a retail operator. Interest and principal obligations absorb cash flow, limit aggressive reinvestment or buybacks, and raise exposure if sales or margins weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and returns
Sustained margin improvement and a ~16% ROE indicate the business converts sales into profit efficiently. This enhances internal funding for store investment and marketing, supports cyclical resilience, and underpins durable shareholder returns absent reliance on external financing.
Read all positive factors
Pan Pacific International Holdings (7532) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.83T
Dividend Yield0.94%
Average Volume (3M)9.32M
Price to Earnings (P/E)24.8
Beta (1Y)0.27
Revenue Growth7.63%
EPS Growth17.33%
CountryJP
Employees17,075
SectorConsumer Defensive
Sector Strength42
IndustryDiscount Stores
Share Statistics
EPS (TTM)36.34
Shares Outstanding3,177,296,600
10 Day Avg. Volume8,783,960
30 Day Avg. Volume9,322,153
Financial Highlights & Ratios
PEG Ratio16.43
Price to Book (P/B)4.87
Price to Sales (P/S)1.32
P/FCF Ratio31.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,100.00Price Target Upside27.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)40.87
Revenue Forecast (FY)¥2.62T
Pan Pacific International Holdings Business Overview & Revenue Model
Company Description
Pan Pacific International Holdings Corporation (7532) is a Japan-based retail group that operates discount stores, general merchandise stores, and grocery/food-oriented retail formats primarily under the DON DON DONKI (Don Quijote) and MEGA Don Qu...
How the Company Makes Money
Pan Pacific International Holdings makes money primarily through retail sales generated at its physical stores and related retail operations. The core revenue stream is the sale of merchandise (e.g., food, daily necessities, household goods, cosme...
Pan Pacific International Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.39T | 2.25T | 2.10T | 1.94T | 1.83T | 1.71T |
| Gross Profit | 750.75B | 672.15B | 662.90B | 600.39B | 543.39B | 497.32B |
| EBITDA | 214.53B | 191.20B | 183.72B | 155.31B | 137.76B | 101.43B |
| Net Income | 108.61B | 90.51B | 88.70B | 66.17B | 61.93B | 53.73B |
Balance Sheet | ||||||
| Total Assets | 1.56T | 1.51T | 1.50T | 1.48T | 1.38T | 1.37T |
| Cash, Cash Equivalents and Short-Term Investments | 179.33B | 176.33B | 172.72B | 242.09B | 176.78B | 157.52B |
| Total Debt | 398.73B | 442.59B | 500.70B | 612.72B | 614.37B | 555.63B |
| Total Liabilities | 843.30B | 886.98B | 951.41B | 1.02T | 984.43B | 931.49B |
| Stockholders Equity | 686.12B | 607.83B | 537.94B | 454.03B | 392.49B | 418.74B |
Cash Flow | ||||||
| Free Cash Flow | 109.06B | 93.30B | 64.33B | 86.28B | 48.56B | 38.70B |
| Operating Cash Flow | 154.88B | 131.97B | 150.55B | 137.96B | 95.14B | 79.14B |
| Investing Cash Flow | -79.04B | -54.96B | -94.33B | -57.00B | -44.76B | -77.08B |
| Financing Cash Flow | -104.31B | -82.03B | -130.35B | -23.22B | -53.85B | -30.01B |
Pan Pacific International Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥349.30B | 11.12 | 9.80% | 2.01% | -0.23% | -17.40% | |
67 Neutral | ¥223.56B | 17.43 | ― | 2.62% | 3.25% | 1.50% | |
65 Neutral | ¥60.11B | 12.35 | ― | 3.00% | 3.64% | -11.83% | |
65 Neutral | ¥138.97B | 11.33 | ― | 1.90% | 7.40% | -1.99% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥2.83T | 24.83 | 16.92% | 0.99% | 7.63% | 17.33% | |
58 Neutral | ¥340.75B | 30.59 | ― | 1.45% | 15.06% | 399.51% |
* Consumer Defensive Sector Average
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Pan Pacific International Holdings Corporate Events
Pan Pacific International Moves to Consolidate Fractional Shares After Olympic Group Share Exchange
Jul 22, 2026
Pan Pacific International Holdings has moved to clean up fractional shareholdings created by its recent share exchange with Olympic Group Corporation, in which Pan Pacific became the wholly owning parent and Olympic a wholly owned subsidiary. The ...
Pan Pacific International Discloses Loss-Making Results at Newly Acquired Olympic Group
Jul 14, 2026
Pan Pacific International Holdings has disclosed the latest quarterly financial results for Olympic Group Corporation, a subsidiary that was delisted and became wholly owned by the group on July 1, 2026. The move underscores Pan Pacific Internatio...
Pan Pacific International Holdings Cushions Weather-Driven Sales Pressure With Trend and Value Categories
Jul 10, 2026
Pan Pacific International Holdings reported that its domestic retail business faced softer June sales as unseasonable weather and typhoons dampened customer traffic and demand for seasonal apparel and summer goods. A sharp year-on-year decline in ...
Pan Pacific International Finalizes Full Acquisition of Olympic Group via Share Exchange
Jun 30, 2026
Pan Pacific International Holdings has completed the acquisition of Olympic Group Corporation, making it a wholly owned subsidiary through a simplified share exchange effective July 1, 2026. The move consolidates Olympic Group’s shopping cen...
Pan Pacific International Posts Broad-Based Sales Growth and Expands Don Quijote Network
Jun 10, 2026
Pan Pacific International Holdings reported continued year-on-year sales and customer traffic growth in its domestic retail operations for May, with all product categories posting gains and average spending rising. Seasonal and outing-related good...
Pan Pacific International lifts April sales on bulk buying and trend-driven demand
May 13, 2026
Pan Pacific International Holdings reported continued year-on-year growth in sales and customer traffic across its domestic retail operations in April, as it flexibly adjusted to shifting consumer behavior amid geopolitical uncertainty and inflati...
Pan Pacific International Lifts Nine-Month Profit 24% and Maintains Strong Full-Year Outlook
May 13, 2026
Pan Pacific International Holdings reported solid growth for the nine months ended March 31, 2026, with net sales rising 8.2% to ¥1.83 trillion and profit attributable to owners of parent jumping 23.8% to ¥93.97 billion. Earnings per sha...
Pan Pacific International Maintains Sales Momentum on Trend Goods and Bulk Buying
May 13, 2026
Pan Pacific International Holdings reported continued year-on-year growth in domestic retail sales and customer traffic in April, supported by flexible responses to shifting consumer behavior amid geopolitical uncertainty. Trend-led categories suc...
Pan Pacific International Lifts Nine-Month Profit 24% and Sticks to Strong Full-Year Outlook
May 13, 2026
Pan Pacific International Holdings reported consolidated net sales of ¥1.83 trillion for the nine months ended March 31, 2026, up 8.2% year on year, with operating income rising 6.9% to ¥137.5 billion and profit attributable to owners of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.