Pal Group Holdings Co., Ltd.

October 1973: Separated the casual division of Scotch Clothing Store Co., Ltd., and established Pal Co., Ltd.

Separated the casual division of Scotch Clothing Store Inc. and established Pal Inc. Headquartered in Chuo Ward, Osaka City. Started operating the jeans shop "Pal Aoyama" at Daiei Nakakutsuro Store in Sakai City, Osaka Prefecture.

Opened the second jeans shop "Pal Ibaraki Store" in Ibaraki City, Osaka Prefecture.

Established a foundation for suburban stores through the opening of stores such as the jeans shop "Pal Aoyama Suma Store" (Sumoto Ward, Kobe City), "Pal Takatsuki Store" (Takatsuki City, Osaka Prefecture), and "Pal Sakai Higashi Store" (Sakai City, Osaka Prefecture).

May 1981: Established International Co., Ltd. in the UK with the business purpose of expanding Italian import shop stores.

Established British International Inc. with the business purpose of expanding Italian import shops. Headquartered in Chuo Ward, Osaka City.

Opened trend shop "Flavor" at Umeda Est 1 Building in Kita Ward, Osaka City. Began opening urban-type stores.

Established Angel Co., Ltd. (currently Akka Co., Ltd.) as a division of apparel retailing. Headquartered in Chuo Ward, Osaka City.

November 1984: Established P.M.P. Co., Ltd. (now P.M. Frontier Co., Ltd.) as a retail clothing division.

Established P.M.P. Co., Ltd. (currently P.M. Frontier Co., Ltd.) as a division of apparel retailing. Headquartered in Chuo Ward, Osaka City.

Opened accessory shop "Parco Collection" in Hankyu Sanbangai, Kita Ward, Osaka City.

November 1981: Established Ange Co., Ltd. (now Akka Co., Ltd.) as a retail clothing division.

Opened trend shop "Alegro Vivace" at Shibuya Parco in Shibuya Ward, Tokyo. Started expanding into Tokyo. Opened unisex casual select shop "CIAOPANIC" at Namba City South Building, Chuo Ward, Osaka.

April 1991: Established USA Office in Portland, Oregon, for used goods supply.

Opened French casual town-style casual shop "Doudou" at Gare Osaka, Kita Ward, Osaka City.

Opened unisex trend select shop "MYSTIC" at Gare Osaka, Kita Ward, Osaka City.

Opened 300-yen shop "3COINS" in Chaya-cho, Kita Ward, Osaka City. Started the miscellaneous goods business.

Opened town casual mode-style import select shop "LUI'S" at Gare Osaka, Kita Ward, Osaka City.

Changed the trade name of Angel Co., Ltd. to Akka Co., Ltd., and started planning, manufacturing, and wholesale of apparel.

Launched used goods store "CIAOPANIC USED" at Tennoji Mio, Tennoji Ward, Osaka City.

February 1999: Established Invokemode Co., Ltd. for online sales of clothing and miscellaneous goods.

Opened outlet store "Pal All Stars" at ATC Mare, Suminoe Ward, Osaka City.

Established USA office in Portland, Oregon, for the purpose of supplying used goods.

Established Invokemode Inc. for online sales of apparel and miscellaneous goods. Headquartered in Chuo Ward, Osaka City.

Listed on the JASDAQ market.

Participated in Nice Craft Co., Ltd.

December 2002: Established Pal Retail Systems & Services Co., Ltd.

Established Pal Retail Systems & Services Co., Ltd.

Listed on the Second Section of the Tokyo Stock Exchange.

Acquired 100% of Chetowa Co., Ltd.

April 2004: Established Magstyle Co., Ltd.

Founded Magstyle Co., Ltd.

Acquired 100% of Toyo Industrial Trading Co., Ltd.

Merged with Chetowa Co., Ltd.

August 2006: Established a joint venture with Biske Holdings Co., Ltd., called Valerie Co., Ltd.

Listed on the First Section of the Tokyo Stock Exchange.

Acquired 100% of Crescent Staff Co., Ltd.

Participated in Capital in Thread Co., Ltd.

Started store development business at P.M. Frontier Co., Ltd.

Merged with Pal Retail Systems & Services Co., Ltd.

Established a joint venture company, Valerie Co., Ltd., with Viscé Holdings.

September 2007: Established Valerie Co., Ltd.

Established Freegate Shirahama Co., Ltd.

May 2011: Acquired 100% of shares of Brandy Mudeis Co., Ltd. (merged into the company in March 2014) at the UK International (consolidated subsidiary).

Acquired 100% of British International (a consolidated subsidiary), including shares of Blanc Mude Days Co., Ltd. (absorbed into the company in March 2014).

March 2011: Established Freegate Shirahama Co., Ltd.

Merged with Toyo Industrial Trading Co., Ltd. (a consolidated subsidiary).

Merged with Thread Co., Ltd. (a consolidated subsidiary).

September 2012: Established local subsidiary 'PAL Holdings (Singapore) Pte. Ltd.' in Singapore.

Changed the trade name of Acka Co., Ltd. (a consolidated subsidiary) to General Co., Ltd. and resumed operations.

March 2013: Established Kurashiki Style Co., Ltd.

In October 2013, established "Paloo (Shanghai) Trading Co., Ltd." in Shanghai, China, with an investment from Kurashiki Style Inc.

Established a local subsidiary in Singapore, PAL Holdings (Singapore) Pte. Ltd.

Established Kurashiki Style Co., Ltd.

NICE CLAP Co., Ltd. (consolidated subsidiary) was fully acquired through a share exchange.

Established "Palru (Shanghai) Trading Co., Ltd." in Shanghai, China, with investment from PAL HOLDINGS (SINGAPORE) PTE. LTD.

Valerie Co., Ltd. (consolidated subsidiary) was fully acquired.

Transitioned to a holding company system through a company split (Holding company: Pal Group Holdings Co., Ltd., Apparel and miscellaneous goods business company: Pal Co., Ltd.).