Pan Pacific International Holdings releases transcript of analyst briefing on Toys“R”Us Japan business transfer agreement

• Pan Pacific International Holdings briefed analysts on an Oct. 1 business transfer agreement to acquire Toys“R”Us Japan’s retail operations via unit OSS.
• Attendees included President CEO Hideki Moriya, COO Kosuke Suzuki, COO Office executives Hideki Kakubari, Toshio Tsuyuzaki, Hiroyuki Oishi, Naoki Yoshida.
• Closing targeted for Oct. 30, subject to court approval; balance sheet to consolidate as of Oct. 30, results reflected from Oct. 31.
• Management aims to assume all stores except those slated for closure, with a plan to retain as many employees as possible.
• Combined toy sales projected at about JPY 150 billion; strategy targets a No. 1-scale toy platform in Japan, including kidult demand.

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