Notice concerning completion of making Olympic Group Corporation a wholly owned subsidiary through a simplified share exchange (progress on a previously disclosed matter) | Pan Pacific International Holdings Corporation (7532) timely disclosure

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68In focus

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Direction

Neutral

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Wording

Definitive

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This transaction

Name of transaction

Counterparty (target company)Olympic Group Corporation

Disclosing companyPan Pacific International Holdings Corporation

Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.

Target company

Formulation of optimal management strategies for the Olympic Group as a whole, allocation of management resources, centralized management under contract of indirect operations, and management and operation of shopping centers, among other activities

Location Kokubunji, TokyoShare capital ¥9,946 million

Consideration and expenses

Type of ConsiderationShares

Impact on Business Performance

The impact of this share exchange on consolidated results for the fiscal year ending June 2027 and thereafter is currently under review.

Procedures and assumptions

Conditions Precedent to ExecutionPPIH carried out the share exchange without obtaining shareholder approval pursuant to the main clause of Article 796, paragraph 2 of the Companies Act. Olympic Group Corporation obtained approval at its annual general meeting of shareholders held on 28 May 2026.

This transaction
Item	Details
Transaction name	Name of transaction
Counterparty name	Olympic Group Corporation
Name of the Subject Company	Olympic Group Corporation
Business Description of the Subject Company	Formulation of optimal management strategies for the Olympic Group as a whole, allocation of management resources, centralized management under contract of indirect operations, and management and operation of shopping centers, among other activities
Location of the Subject Company	Kokubunji, Tokyo
Capital Stock of the Subject Company	¥9,946 million
Type of Consideration	Shares
Voting rights ownership percentage	After 100％ (before not disclosed)
Impact on Business Performance	The impact of this share exchange on consolidated results for the fiscal year ending June 2027 and thereafter is currently under review.
Date of board resolution	6 April 2026
Contract Date	6 April 2026
Execution Date / Effective Date	1 July 2026
Conditions Precedent to Execution	PPIH carried out the share exchange without obtaining shareholder approval pursuant to the main clause of Article 796, paragraph 2 of the Companies Act. Olympic Group Corporation obtained approval at its annual general meeting of shareholders held on 28 May 2026.

Items this document does not state (19)

Date of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

This disclosure reports the completion of the share exchange; the purpose and rationale for the transaction are not explained herein.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.

Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.

Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.