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Operates Don Quijote/MEGA Donki discount variety stores in Japan, known for maze-like layouts and duty-free shopping for tourists.
Operates Don Quijote/MEGA Donki discount variety stores in Japan, known for maze-like layouts and duty-free shopping for tourists.
Gives store managers wide authority over what to stock and display, which creates its crowded, maze-like stores and makes assortments differ by location. It bought the supermarket operator UNY in 2019, the same year the trading house Itochu took a stake. Sales to visiting tourists depend on travel flows.
In one line: Japan's Costco/TJ Maxx hybrid discount retailer.
Moat: narrow (brand, scale, distribution). Distinctive maze-store format and scale purchasing give a hard-to-replicate discount value proposition.
Headquarters: Tokyo, Japan · Founded: 1980 · Employees: 17,784
Size Pan Pacific Intl Hldgs (7532.T) is a Japan Consumer Staples company (Specialty Stores) with a market value of $15.0B, the 98th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥754 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against +14.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +4.9%); the operating margin is 7.2% (peer median 7.9%).
Valuation It trades at 19.8× forward earnings against a peer median of 18.0× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥2.45T | ¥2.45T | ¥2.25T | ¥2.10T | ¥1.94T |
| Revenue growth | — | +9% | +7% | +8% | — |
| Gross profit | ¥768B | ¥719B | ¥672B | ¥620B | ¥561B |
| EBITDA | ¥228B | ¥235B | ¥215B | ¥191B | ¥152B |
| Net income | ¥110B | ¥110B | ¥90.5B | ¥88.7B | ¥66.2B |
| Free cash flow | ¥113B | ¥113B | ¥93.3B | ¥64.3B | ¥86.3B |
| Capital expenditure | ¥63.8B | ¥63.8B | ¥52.1B | ¥94.6B | ¥59.6B |
| Total debt | ¥398B | ¥398B | ¥443B | ¥501B | ¥613B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Pan Pacific Intl Hldgs 7532.T | $15.0B | -15% | +9% | 7% | 19.8× | -2.2% |
| Aeon 8267.T | $21.4B | -19% | +11% | 2% | 51.1× | 3.5% |
| Seven & I 3382.T | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7532.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.7% | +8.0% | 8th highest of 21 |
| 6-month return | -14.7% | +14.7% | 2nd lowest of 21 |
| Distance from 52-week high | -28.9% | -8.7% | 2nd lowest of 21 |
| Revenue growth (TTM) | +8.8% | +4.9% | 3rd highest of 21 |
| Operating margin | 7.2% | 7.9% | 9th lowest of 21 |
| Forward P/E | 19.8× | 18.0× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.2% | 0.6% | 8th least demanding of 18 |
| Growth delivered (Del g) | +7.4% | +7.4% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -9.6 pp | -7.4 pp | 7th least demanding of 18 |
| ROIC minus cost of capital | +7.8 pp | +2.5 pp | 4th highest of 21 |
| EV / EBITDA | 11.3× | 10.5× | 9th most expensive of 21 |
| Net debt / EBITDA | 0.8× | 0.0× | 9th most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pan Pacific Intl Hldgs 7532.T | Japan | $15.0B | -15% | +9% | 7% | 19.8× | -2.2% | +7.4% |
| Kirin 2503.T | Japan | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% | +5.6% |
| Asahi Group Hldgs 2502.T | Japan | $16.4B | +10% | +3% | 9% | 13.1× | 1.8% | +7.4% |
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Kikkoman 2801.T | Japan | $10.9B | +24% | +9% | 11% | 24.8× | 8.8% | +11.2% |
| Kao 4452.T | Japan | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% | +4.1% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Ajinomoto 2802.T | Japan | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% | +8.1% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Seven & I 3382.T | Japan | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% | +12.6% |
| MatsukiyoCocokara & 3088.T | Japan | $6.78B | +17% | +5% | 8% | 17.5× | -6.2% | +15.5% |
| TSURUHA 3391.T | Japan | $6.74B | +15% | +114% | 4% | 22.2× | -2.3% | +9.6% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Sapporo Breweries 2501.T | Japan | $5.34B | +24% | -6% | 5% | 2.8× | 14.8% | +3.1% |
| Yakult Honsha 2267.T | Japan | $5.15B | +3% | -1% | 9% | 17.0× | n/a | n/a |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Kobe Bussan 3038.T | Japan | $4.33B | +15% | +6% | 7% | 21.9× | -4.8% | +10.1% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |