Pan Pacific HD shares continued to fall. The background was a report in the morning edition of The Nikkei that Toys“R”Us, a major toy retailer, plans to withdraw from operating stores in Japan by the end of the year.
Pan Pacific HD’s share price fell ¥21.60 from the previous day to ¥691, a decline of 3.03%. The article reported that the 30th’s morning edition of The Nikkei had reported that Toys“R”Us plans to withdraw from operating stores in Japan.
The company’s share price fell again following the report, and investors may be focusing on the outlook for its future profit growth and the impact the withdrawal could have on the group. The news article provides no additional information on the timing of the withdrawal or the specific number of stores involved.