July Data Update: Domestic Retail Business SSS +3.8% in a Better Showing than June

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M

Update

August 11, 2026 01:18 PM GMT

Pan Pacific International Holdings (7532) | Japan

Morgan Stanley MUFG Securities Co., Ltd.+

Ai Furukawa

Equity Analyst

July Data Update: Domestic

Retail Business SSS +3.8% in a

Better Showing than June

Hiroshi Koba

Equity Analyst

• Similar to peers, PPIH saw a boost from better weather from the 2nd half of

the month which lent momentum to sales across goods categories, including

Pan Pacific International Holdings (7532.T, 7532 JT)

summer items.

Specialty Stores | Japan

• Both discount stores and Uny business saw a reaction to Jul 2025 in some

categories, but focus categories maintained a steady performance. Calendar

effects were nil.

• Domestic retail business same-store sales +3.8%. By business type: DS

Stock Rating

Industry View

Price target

Shr price, close (Aug 10, 2026)

Mkt cap, curr, basic (bn)

Avg daily trading value (bn)

Equal-weight

In-Line

¥1,050

¥926

¥2,769.5

¥13.0

+4.8% (customers +0.6%, avg. spend +4.2%), Uny +0.3% (+0.8%, -0.4%).

• Many points to watch in F6/26 results on Aug 18 include an update on the

new Robin Hood format and future strategy for Olympic Group, consolidated

from Jul 1.

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