Supermarket "Olympic" to Convert to Don Quijote and Others; PPIH Makes It a Subsidiary

PPIH announced it will integrate Olympic Group through a stock swap, using a simplified exchange procedure.

Olympic Group will become a wholly owned PPIH subsidiary after shareholders approved the stock swap at its late‑May meeting.

The integration takes effect July 1; Olympic will delist from the Tokyo Standard market on June 29.

Olympic stores will be converted to Don Quijote and MEGA Don Quijote formats, and PPIH will accelerate the Robin Hood rollout in the Kanto area.

The firms plan to combine grocery and daily‑goods price competitiveness with Olympic’s non‑food expertise to strengthen non‑food competitiveness and improve Olympic’s profitability via unified purchasing.