Japan: Don Don Donki's earnings and profits set a new record high!
Discount Retail Chain Don Quixote's listed parent PPIH, now the 4th largest retailer in Japan, presented its FY 2019-2020 results until July 2020. PPIH is active in Japan, Thailand Malaysia, Taiwan, Macau, HongKong, Singapore and USA.
Showing a further increase in its revenues and profits, for the 31st consecutive year, since opening its first store in 1989.
Double-digit revenue increase for the 3rd consecutive year to US$16 Billion (+26.6%) and double-digit profit increase for the 11th consecutive years. As Essential retailer the operating income grew to US$0.71 Billion (+20.4%) even in an unprecedented national and international market environment. Showing a successful business and private label portfolio management.
PPIH forecasts a further sales and profit increase, through its national and international solid discount and supermarket business activities, for next and 32nd consecutive year.
Click here for the FY2019-2020 PPIH presentation: https://ppih.co.jp/ir/library/earnings/pdf/PPIH_FY2020_Q4_Presentation_J.pdf