Komori

Financial Results Disclosure Concerning the Delisted Subsidiary (Olympic Group Corporation)

In the first quarter, Olympic Group Corporation's operating revenue increased 0.6% year on year, while its operating loss widened from ¥154 million to ¥364 million and its net loss attributable to owners of the parent widened from ¥311 million to ¥717 million. No full-year earnings forecast or dividend forecast has been disclosed following the delisting and conversion into a wholly owned subsidiary.

Worth reading
41Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
0.6
% (year-on-year change in operating revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 March 2026–31 May 2026ConsolidatedJapanese GAAP
Net Sales24,606Millions of yen (operating revenue)Year on year +0.6%
Operating profit-364¥ million
Ordinary income-391¥ million
Net income attributable to owners of the parent-717¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.

Net income per share−¥31.24
Financial position at period-end
Total assets65,744¥ million
of which net assets 20,296 ¥ millionEquity ratio 30.9%vs. prior year-end -1.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Outlook and shareholder returns
Annual Dividend Forecast¥0 → Not disclosed
Factors Behind Changes in Business Performance

Households became more focused on protecting their finances, increasing the prevalence of spending behavior oriented toward saving money. In the food, non-food, pet, DIY, bicycle and other businesses, the company worked to strengthen product categories, improve productivity, refurbish stores, expand EC sales channels, and reduce costs. No specific monetary breakdown of the factors driving the change in performance was provided.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Name of newly added company Not disclosed / Excluded 0 companies / Excluded Company Name Not disclosed
Material subsequent eventsA share exchange will be carried out, effective 1 July 2026, under which Pan Pacific International Holdings Corporation will become the wholly owning parent company and Olympic Group Corporation will become a wholly owned subsidiary. Prior to this, Olympic Group Corporation's common stock was delisted effective 29 June 2026.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets - / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Impairment Losses on Shares of Affiliates ¥47 million, Provision for allowance for doubtful accounts ¥100 million
Depreciation and amortization¥428 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,354,223 Shares
Treasury Shares at Period-End383,829 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2026–31 May 2026
Net Sales24,606 Millions of yen (operating revenue) (YoY +0.6%)
Operating profit¥-364 million
Ordinary income¥-391 million
Profit attributable to owners of the parent¥-717 million
Net income per share−¥31.24
Equity ratioEnd of the current fiscal period 30.9 / End of previous period 32.6
Total assets¥65,744 million
Net assets¥20,296 million
Annual Dividend Forecast¥0 → Not disclosed
Depreciation and amortization¥428 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets - / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million, Impairment Losses on Shares of Affiliates ¥47 million, Provision for allowance for doubtful accounts ¥100 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Name of newly added company Not disclosed / Excluded 0 companies / Excluded Company Name Not disclosed
Material subsequent eventsA share exchange will be carried out, effective 1 July 2026, under which Pan Pacific International Holdings Corporation will become the wholly owning parent company and Olympic Group Corporation will become a wholly owned subsidiary. Prior to this, Olympic Group Corporation's common stock was delisted effective 29 June 2026.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,354,223 Shares
Treasury Shares at Period-End383,829 Shares
Factors Behind Changes in Business PerformanceHouseholds became more focused on protecting their finances, increasing the prevalence of spending behavior oriented toward saving money. In the food, non-food, pet, DIY, bicycle and other businesses, the company worked to strengthen product categories, improve productivity, refurbish stores, expand EC sales channels, and reduce costs. No specific monetary breakdown of the factors driving the change in performance was provided.
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss

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.

No direct breakdown of the factors behind the deterioration in performance has been provided. The company cited uncertainty over the outlook for the retail industry stemming from U.S. trade policy, the situation in the Middle East, concerns over rising interest rates, and households' heightened focus on protecting their finances and cutting spending. It also stated that it undertook measures in each business, including strengthening product categories, improving productivity, refurbishing stores, expanding EC sales channels, and reducing costs.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Disclosure Concerning the Delisted Subsidiary (Olympic Group Corporation) | Pan Pacific International Holdings Corporation (7532) timely disclosure | Komori