Pan Pacific International Holdings is reportedly considering taking over all 150 domestic stores after it was reported that major toy retailer Toys"R"Us plans to withdraw from store operations in Japan by year-end. The total acquisition price could be around ¥10 billion.
The morning edition of the Nikkei reported on the 29th that Toys"R"Us had disclosed plans to withdraw from operating all of its stores in Japan. Pan Pacific International Holdings is reportedly considering taking over the company's Japan business within the year.
The takeover is expected to cover all 150 domestic stores, and the total acquisition price could be around ¥10 billion. Pan Pacific International Holdings reportedly responded that it had no comment on the matter.
The impact on the share price is reportedly expected to be limited.