The company that operates the major discount store Don Quijote, etc. In the one-year financial results until June, although inbound demand fell sharply due to the spread of the new coronavirus infection, sales of food products etc. due to nesting demand Due to the growth, both sales and final profit reached record highs.
Pan Pacific International Holdings, which operates Don Quijote and others, reported that the group's overall financial results for the year ending June were 1,0708.6 billion yen, up 1% from the previous year.
The final profit also increased by 7% from the previous year to 53.8 billion yen, both of which reached record highs.
This is because inbound demand fell sharply due to the spread of the new coronavirus infection, but sales of food products increased at large stores in the suburbs and supermarkets under the umbrella due to rising demand for nesting.
Regarding the business results for the year to June next year, the company expects to continue to secure higher sales and profits, but President Naoki Yoshida, who had an online press conference, said, "The impact of the new coronavirus cannot be underestimated. Overseas business is also in Asia. I think there is a certain impact on the center. "
President Yoshida Expanding and extending the state of emergency "Brake to consumer sentiment"
President Yoshida said at a press conference held online on the 17th that the government decided to expand the area covered by the state of emergency and extend the period for measures against the new corona virus. It seems like the situation has been braked, "he said, expressing concern that consumers' willingness to buy will weaken and consumption will slow down.
In addition, regarding the fact that the government has included in the basic response policy such as requesting large-scale commercial facilities to reorganize visitors, President Yoshida said, "If there is a request from the government, we will respond firmly while consulting. I want to, "he said, and expressed his intention to consider implementing admission restrictions at discount stores under the umbrella.