Olympic Group Corporation
8289・Standard Market・Retail Trade
Olympic Group Co., Ltd. (Single Segment: Retail Business)
A composite food and non-food retail group based in Tokyo and the three surrounding prefectures
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating revenue | ¥98,157 million | Not disclosed (figure stated in existing report) | — |
| Operating loss | -¥2,372 million | - | ↓ |
| Net loss attributable to owners of parent | -¥3,798 million | - | ↓ |
| Equity ratio | 32.6% | 36.1% | ↓ |
| Cash flow from operating activities | ¥3,449 million | ¥649 million | ↑ |
| Cash flow from investing activities | -¥539 million | -¥3,605 million | ↑ |
| Cash flow from financing activities | -¥3,036 million | ¥4,278 million | ↓ |
| Cash and cash equivalents at end of period | ¥3,597 million | ¥3,724 million | ↓ |
Business Details
A retail group operating multiple business formats including food (Olympic, Amaike, Miuraya), Discount Store, pet services, DIY/gardening, home equipment, and bicycles. The retail business accounts for over 90% of net sales, forming a single-segment structure. The company's basic strategy is dominant store openings and low-cost operations across Tokyo and the three surrounding prefectures (Kanagawa, Saitama, Chiba), overseeing subsidiaries and affiliated companies under a holding company structure.
Recent Overview
Correction made to the cash flow statement in the earnings report, revising investing CF and cash balance at period-end
Regarding the FY2026 (ending February 2026) earnings report announced on April 13, 2026, a correction was issued on May 29, 2026. The "Other" item under cash flow from investing activities was revised from -¥351 million to -¥325 million, resulting in a revision of total cash flow from investing activities from -¥565 million to -¥539 million, the change in cash and cash equivalents from -¥152 million to -¥126 million, and the ending balance from ¥3,571 million to ¥3,597 million. There is no change to major performance figures such as profit/loss and equity.
Key Products
Growth Drivers
- Revenue contribution from a 3.3% year-on-year increase in sales in the food segment
- Increase in operating revenue (tenant income, etc.): ¥7,348 million (prior period: ¥7,080 million)
- Significant improvement in operating cash flow due to inventory reduction (from ¥649 million to ¥3,449 million)
- Expansion of the home equipment business (OSC Home Facility)
- Benefits from system integration and synergy effects following Miuraya's group merger
- Expected synergies in procurement, logistics, and systems following PPIH's acquisition as subsidiary
Risks
- Persistently high SG&A expenses (¥39,221 million, up 5.3% year-on-year): continued increase in labor costs due to minimum wage hikes and rising energy prices
- Structural challenges in the non-food segment with an 8.7% year-on-year decline in sales
- Recognition of impairment loss of ¥685 million and store closure loss of ¥587 million (total ¥1,272 million) associated with the closure of 10 stores
- Declining trend in equity ratio (41.8% → 40.9% → 39.7% → 36.1% → 32.6%, declining for five consecutive periods)
- Delisting effective June 29, 2026 and becoming a subsidiary of PPIH, with both earnings and dividend forecasts undisclosed, creating uncertainty regarding future management policy
Last updated: May 28, 2026