Pan Pacific International Holdings Corporation [7532.T]
TOKYO, Apr 06 (Pulse News Wire) – Pan Pacific International Holdings Corporation (7532.T) and Olympic Group signed a share exchange agreement to integrate their operations, making Olympic Group a wholly-owned subsidiary of Pan Pacific International. The deal is set to take effect on July 01, 2026, pending approval from Olympic Group's shareholders at its annual meeting scheduled for May 28, 2026.
Olympic Group shares will delist from the Tokyo Stock Exchange on June 29, 2026, with trading ceasing on June 26, 2026. Under the agreement, Pan Pacific International will issue 1.18 ordinary shares for each ordinary share held by Olympic Group. The transaction aims to leverage synergies across store networks, procurement efficiencies, and operational expertise, enhancing long-term profitability and strategic positioning.
Expected benefits include expanding store footprints and accelerating growth in new retail formats. Both companies anticipate significant revenue and profit improvements through combined operations, with projected sales reaching ¥4 trillion and operating profits exceeding ¥100 billion by fiscal 2035. The merger also seeks to address challenges posed by demographic shifts and competitive pressures within the retail sector.
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