Olympic Group Corporation [7532.T]
TOKYO, Apr 06 (Pulse News Wire) – Olympic Group Corporation (7532.T) and Pan-Pacific International Holdings Co., Ltd. (PPIH) announced today that their boards have approved a share exchange agreement making Olympic Group a wholly-owned subsidiary of PPIH.
The deal is expected to close on July 1, 2026, subject to approval at Olympic Group's extraordinary shareholders' meeting scheduled for May 28, 2026. As part of the transaction, Olympic Group shares will be delisted from the Tokyo Stock Exchange on June 29, 2026, with trading ceasing on June 26, 2026. Under the agreement, PPIH will issue approximately 1.18 ordinary shares for each Olympic Group share held. The move is anticipated to create synergies through expanded store networks and operational efficiencies across various retail segments.
PPIH expects to benefit from Olympic Group’s expertise in non-food categories and improved procurement costs, while Olympic Group aims to enhance its long-term strategic positioning beyond public markets. Both companies highlighted potential benefits such as increased market presence, enhanced competitive edge, and improved profitability. PPIH projects achieving sales of ¥4 trillion and operating profit by fiscal 2035, aligning with its long-term growth strategy. Olympic Group's recent financial performance shows improving trends, with projected increases in free cash flow and operating profits over the next few years.
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