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Don Quijote operator PPIH posts record tax-free sales as it begins converting the Olympic chain it bought in July

Pan Pacific International Holdings, which runs Don Quijote, said tax-free sales hit a record in its first quarter as more overseas visitors came through its doors, even as underlying customer counts at its Japanese stores were flat to slightly down -- a split that shows this quarter's growth leaning more on ticket size, inbound shoppers and July's acquisition of the Olympic Group than on more people walking in.

Tourists with baskets and suitcases walk a discount-store aisle packed floor to ceiling with snacks, cosmetics and souvenirs
Illustration by floortok.com

Pan Pacific International Holdings Corporation (パン・パシフィック・インターナショナルホールディングス), which runs Don Quijote, MEGA Don Quijote and UNY, said on 12 November that group revenue for its first quarter, July-September 2026, rose 13.3% to ¥649.28bn, operating profit rose 6.7% to ¥44.11bn and net profit fell 3.0% to ¥27.63bn.