Exclusive financial advisor to Pan Pacific International Holdings Corporation
KPMG Corporate Finance LLC acted as exclusive financial advisor to Pan Pacific International Holdings Corporation
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce the acquisition of the Mikuni Restaurant Group, Inc. (“Mikuni”) by Vanshow California, a subsidiary of Pan Pacific International Holdings Corporation (“PPIH”).
Founded in 1987 by the Arai family in Fair Oaks, California and headquartered in Sacramento, California, Mikuni is a Japanese dining chain well known for its sushi, sashimi and modern culinary innovation. The family-owned restaurant currently operates ten locations in California, the most recent of which opened in April 2025. Mikuni has built a strong legacy of delivering exceptional dining experiences for over three decades and through its commitment to quality, creativity and outstanding customer service, has become a trusted favorite among food enthusiasts as a premier provider of Japanese cuisine.
“The investment by PPIH Group will accelerate our vision to expand to 50 locations by Mikuni’s 50th anniversary,” said Taro Arai, Mikuni’s owner. “We want to emphasize that Mikuni’s heart and soul will remain true as we live by our mission to be the most loving and loved company in the world.”
Taro added, “As a customer and community member, you can expect the same amazing and innovative sushi creations, service from your favorite sushi chefs and even more exciting developments as we grow.”
Naoki Yoshida, President and CEO of PPIH, commented on the transaction, “Our acquisition of Mikuni Restaurant Group demonstrates our shared commitment to growing a brand that delivers an exceptional sushi experience, outstanding customer service and meaningful community involvement … Together, we remain steadfast in our core principle; ‘The customer matters most.’”
About PPIH
Pan Pacific International Holdings Corporation is a global retail company headquartered in Tokyo, Japan. Established on September 5, 1980, by Takao Yasuda, PPIH operates a diverse range of retail stores both domestically and internationally. The company is best known for its flagship brand, Don Quijote, which offers a wide variety of products at competitive prices. PPIH also manages other well-known brands such as Apita, Don Don Donki, Tokyo Central, and Gelson’s Markets.
About Mikuni
Based in Sacramento, California, Mikuni specializes in offering an exceptional dining experience centered around Japanese cuisine, particularly known for their innovative sushi creations and vibrant atmosphere.
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KPMG CORPORATE FINANCE LLC
Trust KPMG Corporate Finance LLC with your next transaction
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked as the top (#1) M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.