Japan Supermarket DON DON DONKI Parent $20 Billion Pan Pacific International Holdings (PPIH) Founder Takao Yasuda (Age 76) with Terminal Illness Heir is Son Yusaku Yasuda (Age 24), $4.7 Billion Controlling Stake in PPIH via Dutch Holding Vehicle DQ Windmolen B.V., Takao Yasuda is Resident in Singapore Avoiding Japan Inheritance Tax (Top Tier 55%), Opened First Japan Discount Store in 1978, Founded Pan Pacific International Holdings in 1980 & Opened Japan Discount Store Don Quijote in 1989, Takao Yasuda Family Fortune at $5.5 Billion
25th September | Hong Kong
Japan supermarket DON DON DONKI parent $20 billion (market value) Pan Pacific International Holdings (PPIH) founder Takao Yasuda (Age 76) with terminal illness heir is his son Yusaku Yasuda (Age 24). Takao Yasuda has a $4.7 billion controlling stake in PPIH via Dutch holding vehicle DQ Windmolen B.V., and Takao Yasuda is a resident in Singapore avoiding Japan inheritance tax (Top tier 55%). Takao Yasuda opened his first Japan discount store in 1978, founded Pan Pacific International Holdings in 1980 and opened Japan discount store Don Quijote in 1989. Takao Yasuda family fortune is at $5.5 billion. Announcement (16/7/25): “Our founder and director, Mr. Takao Yasuda, addresses his health condition in the afterword of his forthcoming book, “Asshō no Sōgyō Keiei” (Bunshun Shinsho), scheduled for publication during the week of July 16, 2025. In connection with this, we would like to provide the following update on Mr. Yasuda’s current role and status within the company: Mr. Yasuda continues to serve as a non-executive director of PPIH, as well as President and Chairman of our Asia business entities. His health does not affect his ability to perform his duties. Should any matters arise that require disclosure, we will make timely announcements accordingly.” Takao Yasuda – Born in Gifu Prefecture in 1949. Graduated from the Faculty of Law, Keio University in 1973. In 1978, Takao Yasuda opened and successfully ran a 60 m2 discount store in Tokyo’s Suginami Ward. After five years, however, he sold the store and began operating a cash-and-carry wholesale store. Although this new endeavor also yielded significant profits, Yasuda decided to reenter the retail market, opening the first Don Quijote in Tokyo’s Fuchu City in 1989. As President and Representative Director, he oversaw the nationwide expansion of Don Quijote Co., Ltd., (now Pan Pacific International Holdings Corporation (PPIH)), before assuming the position of Chairman, CEO and Representative Director in 2005. PPIH enjoyed rapid growth while overcoming numerous challenges. In 1996, it registered stock for trading on the over-the-counter market and in 2000, the company’s stock was listed on the First Section of the Tokyo Stock Exchange. Since the opening of the first Don Quijote store, PPIH has achieved 35 consecutive years of increased sales and profits. For the fiscal year ended June 30, 2024, the company recorded net sales of 2,095.1 billion yen and had 742 group stores in Japan and overseas. In June 2015, Yasuda stepped down as Chairman, CEO and Representative Director of PPIH and assumed the position of Founding Chairman and Supreme Advisor. At the same time, he shifted his base of operations to Singapore, founding DON DON DONKI based on the concept of a Japan-brand specialty store, and serving as Chairman, President and CEO of Pan Pacific Retail Management (Asia) Pte. Ltd. As of June 2024, there are 45 DON DON DONKI stores in 6 countries and regions, with each store enjoying success and immense popularity among the locals. In addition, Yasuda established the Yasuda Scholarship Foundation in 2005. Overseas – Our overseas business expansion began with the acquisition of three Daiei Hawaii stores in Hawaii in the United States in 2006. Since then, we have been developing our overseas stores mainly through mergers and acquisitions (M&A) of existing local supermarket companies, including the Japanese supermarket chain Marukai, the local Hawaiian chain QSI, and the luxury Californian supermarket chain Gelson’s. Meanwhile, DON DON DONKI, which opened in December 2017 on Orchard Road, Singapore’s busiest shopping street, is the first completely original overseas business format we have developed from scratch. For me, DON DON DONKI is the commemorative first store of my “Second Founding” following Don Quijote in Japan. DON DON DONKI is a Japan-brand specialty store that specializes in Japanese products, mainly foods, and operates at reduced costs through our company’s direct trading. It caused a sudden drop in the prices of Japanese products, which made it a sensation in the local media and on social media as an extremely prosperous store right when it opened.
“ Japan Supermarket DON DON DONKI Parent $20 Billion Pan Pacific International Holdings (PPIH) Founder Takao Yasuda (Age 76) with Terminal Illness Heir is Son Yusaku Yasuda (Age 24), $4.7 Billion Controlling Stake in PPIH via Dutch Holding Vehicle DQ Windmolen B.V., Takao Yasuda is Resident in Singapore Avoiding Japan Inheritance Tax (Top Tier 55%), Opened First Japan Discount Store in 1978, Founded Pan Pacific International Holdings in 1980 & Opened Japan Discount Store Don Quijote in 1989, Takao Yasuda Family Fortune at $5.5 Billion “
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Japan Supermarket DON DON DONKI Parent $20 Billion Pan Pacific International Holdings (PPIH) Founder Takao Yasuda (Age 76) with Terminal Illness Heir is Son Yusaku Yasuda (Age 24), $4.7 Billion Controlling Stake in PPIH via Dutch Holding Vehicle DQ Windmolen B.V., Takao Yasuda is Resident in Singapore Avoiding Japan Inheritance Tax (Top Tier 55%), Opened First Japan Discount Store in 1978, Founded Pan Pacific International Holdings in 1980 & Opened Japan Discount Store Don Quijote in 1989, Takao Yasuda Family Fortune at $5.5 Billion
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