Pan Pacific International Holdings (FRA:QJE) Operating Income: €965 Mil (TTM As of Jun. 2026)

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FRA:QJE Pan Pacific International Holdings Corp FRA:QJE
85 GF Score
Price €4.36
GF Value €5.08
Valuation Modestly Undervalued
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What is Pan Pacific International Holdings Operating Income?

Pan Pacific International Holdings FRA:QJE 85 Operating Income is €965 Mil as of Jun. 2026. GuruFocus rates FRA:QJE with a GF Score™ of 85/100 and a GF Value™ of €5.08 (Modestly Undervalued).

Pan Pacific International Holdings's Operating Income for the three months ended in Jun. 2026 was €201 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €965 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pan Pacific International Holdings's Operating Income for the three months ended in Jun. 2026 was €201 Mil. Pan Pacific International Holdings's Revenue for the three months ended in Jun. 2026 was €3,341 Mil. Therefore, Pan Pacific International Holdings's Operating Margin % for the quarter that ended in Jun. 2026 was 6.03%.

Good Sign:

Pan Pacific International Holdings Corp operating margin is expanding. Margin expansion is usually a good sign.

Pan Pacific International Holdings's 5-Year average Growth Rate for Operating Margin % was 10.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pan Pacific International Holdings's annualized ROC % for the quarter that ended in Jun. 2026 was 9.00%. Pan Pacific International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 12.39%.


Pan Pacific International Holdings  (FRA:QJE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pan Pacific International Holdings's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=805.988 * ( 1 - 29.37% )/( (6306.183 + 6342.55)/ 2 )
=569.2693244/6324.3665
=9.00 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8495.428 - 1548.601 - ( 977.567 - max(0, 2435.532 - 3076.176+977.567))
=6306.183

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8651.31 - 1631.934 - ( 1151.573 - max(0, 2613.826 - 3290.652+1151.573))
=6342.55

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Pan Pacific International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=539.576/( ( (4380.043 + max(-171.487, 0)) + (4318.561 + max(12.52, 0)) )/ 2 )
=539.576/( ( 4380.043 + 4331.081 )/ 2 )
=539.576/4355.562
=12.39 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(457.502 + 1323.687 + 264.14) - (1548.601 + 0 + 668.215)
=-171.487

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(438.292 + 1344.431 + 298.797) - (1631.934 + 0 + 437.066)
=12.52

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Pan Pacific International Holdings's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=201.497/3340.512
=6.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Pan Pacific International Holdings Operating Income Related Terms


Pan Pacific International Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Pan Pacific International Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pan Pacific International Holdings Operating Income Chart

Pan Pacific International Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 626.28 687.29 825.03 973.89 943.98

Pan Pacific International Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 201.70 238.25 288.36 237.27 201.50
FRA:QJE
85GF Score
Pan Pacific International Holdings Corp FRA:QJE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan Pacific International Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €965 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €965 Mil mean?
Pan Pacific International Holdings (FRA:QJE) has a Operating Income of €965 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pan Pacific International Holdings and its competitors.
Is Pan Pacific International Holdings' Operating Income too high?
Pan Pacific International Holdings' current Operating Income is €965 Mil. Overall, Pan Pacific International Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pan Pacific International Holdings' Operating Income compare to WMT and COST?
Pan Pacific International Holdings' Operating Income of €965 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pan Pacific International Holdings and its competitors. Pan Pacific International Holdings's current Operating Income is €965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Pacific International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pan Pacific International Holdings (FRA:QJE) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.08, compared to a current price of €4.36 — trading 14.2% below its estimated fair value. The current Operating Income is €965 Mil. Pan Pacific International Holdings' overall GF Score™ is 85/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Pan Pacific International Holdings (FRA:QJE), the current Operating Income is €965 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pan Pacific International Holdings (FRA:QJE) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Pacific International Holdings stock appears to be undervalued. The current stock price of €4.36 is trading 14.2% below its estimated GF Value™ of €5.08. GuruFocus considers Pan Pacific International Holdings to be Modestly Undervalued.

Key valuation signals for FRA:QJE:

  • Operating Income: €965 Mil
  • GF Value™: €5.08 vs. price of €4.36 (14.2% below fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the FRA:QJE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan Pacific International Holdings Business Description

Address 2-25-12 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Pan Pacific International Holdings is a leading operator of discount stores and general merchandise stores primarily in Japan, operating 661 stores as of early 2026 nationally. It offers a wide range of products from packaged food, cosmetics, and household products to consumer electronics. The primary store formats include the Don Quijote discount stores, Mega Donki format, and general merchandise stores operated under the UNY brand. Overseas operations concentrate on North America and Southeast Asia. The group has acquired small supermarket chains in Hawaii and California in the US and also operates stores across Singapore and Hong Kong.
85GF Score

Get the complete analysis for FRA:QJE

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.36
Price
€5.08
GF Value