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Toys"R"Us Asia today announced that Toys"R"Us-Japan, Ltd., a member of its group, has entered into a definitive agreement to transfer its business to an affiliate of Pan Pacific International Holdings Corporation ("PPIH"). Following completion of the business transfer, the Japan business will operate as part of the PPIH group.
A declining birthrate is making business in Japan increasingly difficult, with Toys“R”Us Japan posting net losses for eight straight years through December 2025.
Pan Pacific International Holdings (TSE:7532) just released its August 2026 sales update, reporting year-over-year comparable store sales of 101.4% for domestic retail and 101.6% for its discount store operations. Despite the solid August sales print, Pan Pacific International Holdings’ share price has retreated, with the 30-day share price return down 21.37% and the year-to-date share price return down 20.59%. However, the 5-year total shareholder return of 87.00% reflects a much stronger...
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