Pan Pacific International Holdings Corporation
Announcement of Share Exchange Agreement between Pan Pacific International Holdings Corporation (PPIH) and Olympic Group Co., Ltd. and Change in PPIH’s Subsidiaries
A share exchange agreement was concluded to make Olympic Group a wholly owned subsidiary of PPIH, scheduled for July 1, 2026. The exchange ratio is 1.18 shares per 1 share, and Olympic shares are scheduled to be delisted on June 29.
Key Figures
- Share Exchange Allocation Ratio: 1.18 shares per 1 share
- Number of Shares to be Delivered by PPIH: 27,105,250 shares (planned)
- Delisting Date of Olympic Group: 2026-06-29 (planned)
AI要約
Overview of Business Integration
Pan Pacific International Holdings Corporation (PPIH) and Olympic Group Co., Ltd. concluded a share exchange agreement on April 6, 2026, whereby PPIH will become the wholly owning parent company and Olympic Group will become its wholly owned subsidiary. The effective date is scheduled for July 1, 2026. Accordingly, Olympic Group will be delisted from the Tokyo Stock Exchange Standard Market on June 29, 2026. The share exchange ratio is 1.18 PPIH shares per 1 Olympic Group share, with PPIH planning to issue approximately 27.1 million shares.
Synergy Effects and Future Outlook
This business integration is expected to accelerate store expansion primarily in the Tokyo metropolitan area and facilitate business format transformation. By combining PPIH’s purchasing power and promotional capabilities with Olympic Group’s specialty in non-food products, cost reduction and profitability improvement will be pursued. Olympic Group’s delisting will enable management based on a medium- to long-term perspective, contributing to enhancing corporate value for both companies. The impact on future financial results is under detailed examination and will be disclosed promptly if necessary.
