Cheap prices, but you are completely on your own if they cancel a flight. They cancelled our flight from OKA to NRT on 17 FEB 2017. There was no announcement in English, so we saw Japanese passengers furiously typing on phones and found out it was canceled due to "BAD WEATER at Narita Airport." PEACH gave us a paper saying it was cancelled and the next flight available was 3 days later on 20 FEB 2017 (our vacation was ending on 21 FEB 2017, so that wasn't an option). Their paper also said PEACH would not pay for or offer any "alternate" transportation.
By this time, any cheap seats on other airlines had been booked by people who understood Japanese. We spent 3 hours waiting in lines at Jetstar, JAL and ANA. Our flight for 5 from OKA to NRT through PEACH originally cost $230; we then paid $2000 for all of us to fly the same day to Haneda (ANA was the only airline we could find with a flight that wasn't full).