Pan Pacific International Holdings reports strong Q1 sales, profit growth

Pan Pacific International Holdings Corporation reported consolidated net sales of 573,283 million yen for the three months ended September 30, 2025, a 4.1% increase year-on-year. Operating income rose 0.7% to 41,348 million yen, while ordinary profit surged 31.4% to 42,189 million yen. Profit attributable to owners of parent increased 39.1% to 28,477 million yen, with basic earnings per share at 9.53 yen. This growth was notably supported by the domestic retail business, which saw a 4.9% increase in sales to 487,081 million yen and a 1.3% increase in operating income to 40,582 million yen, despite a slight decline in North America.

A significant event in the first quarter was the consolidation of Kanemi Co., Ltd., previously an equity-method entity. Pan Pacific International Holdings increased its voting rights to 40.3% in Kanemi Co., Ltd. through treasury share acquisition, leading to its inclusion in the scope of consolidation as of September 30, 2025. This business combination is expected to enhance corporate value, particularly in the prepared food sector. Additionally, the company enacted a 5-for-1 stock split on October 1, 2025, to improve share liquidity, adjusting per-share information accordingly.

For the fiscal year ending June 30, 2026, the company forecasts consolidated net sales of 2,327,000 million yen, operating income of 170,000 million yen, and profit attributable to owners of parent of 105,500 million yen, reflecting a 16.6% year-on-year increase. The forecast basic earnings per share, considering the stock split, is 35.33 yen. Total assets stood at 1,493,193 million yen as of September 30, 2025, with net assets at 643,774 million yen, resulting in an equity-to-asset ratio of 41.1%.