- Business
- Pan Pacific International Holdings Corporation (PPIH), a Tokyo-based holding company founded in 1980 as Just Co. Ltd. and headquartered at 8F Dogenzaka-dori, 2-25-12 Dogenzaka, Shibuya-ku, operates a global discount retail network emphasizing customer-centric innovation and individual store autonomy; its core domestic offerings include Don Quijote and MEGA Don Quijote discount stores featuring diverse merchandise such as food, household goods, apparel, cosmetics, electronics, and private-label JONETZ products across approximately 3,000 SKUs in categories like daily necessities and clothing; general merchandise stores (GMS) under Apita, Piago, and u-store banners provide broad assortments of groceries, clothing, home products, and specialty tenants; overseas, it runs DON DON DONKI Japan-brand specialty stores in Hong Kong, Singapore, Thailand, Malaysia, Taiwan, and Macau offering Japanese imports including fresh produce and in-store eateries like Wagyu Kushi; North American operations encompass Don Quijote (USA) in Hawaii, TOKYO CENTRAL and MARUKAI supermarkets in California, premium grocer Gelson’s with high-quality fresh foods and deli items, and Times supermarkets; additional services include majica e-money and app with over 15 million members enabling point accumulation, majivoice customer feedback platform launched in 2023, Pan Pacific International Club (PPIC) for producer exports, real estate development via Japan Commercial Establishment, logistics through Pan Pacific International Trading, and financial services via Pan Pacific International Financial Service Corporation; the company serves everyday consumers seeking value, amusement, and convenience across Japan, Asia, Hawaii, California, and Guam with 742 stores in 10 countries as of June 2024, generating net sales of ¥2,095.1 billion and operating profit of ¥140.2 billion in FY2024 while achieving 35 consecutive years of sales and profit growth. Recent developments feature the September 2024 relocation of headquarters to Shibuya-ku, Tokyo from Meguro-ku; opening of MEGA Don Quijote Narimasu in March 2024, one of Tokyo's largest discount stores; debut of TOKYO CENTRAL in Hawaii in May 2024 via Times Kailua conversion and VILLAGE OF DONKI in Guam in 2024 as a tax-free Japan-brand format; first issuance of digital corporate bonds in June 2025 to support youth empowerment; ongoing sustainability efforts including CO2-free electricity at headquarters, renewable energy at 22 stores, supply chain codes of conduct with human rights audits, women's career programs, and cooperative agreements with nine Japanese municipalities like Miyagi and Fukushima for product exports; in 2023, operating profit surpassed ¥100 billion for the first time, majica app hit 10 million members in 2022 with further growth, and JONETZ rebranded as a customer-co-created people's brand.