TOKYO -- The retailer behind Don Quijote, the Japanese discount chain known for its showy product displays, is set to report a group operating profit slightly exceeding 63 billion yen ($582 million) for the full year ended June, putting it in fifth place among domestic retail rivals.
The record profit at Pan Pacific International Holdings would surpass the 60.7 billion yen generated by the convenience store chain Lawson. Sales at Pan Pacific likely jumped about 40% to over 1.3 trillion yen.
