Olympic Group

Basic Information

Stock Code
8289
Industry
Retail Industry
Category Detail
Specialty Stores & Drugstores
Prefecture
Tokyo
Establishment Year
February 1973
Listing Year
October 1988
Official Website
https://www.olympic-corp.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Jason, Mitsuchi, Rei, Maruyoshi, Pan Pacific International Holdings, PLANT, Mr. Max Holdings, Makiya

Overview

Olympic Group is a mid-sized retail group established in 1973, primarily operating supermarkets and discount stores centered in the Greater Tokyo Area.

Current Situation

Olympic Group achieved consolidated sales of approximately ¥107.7 billion and operating profit of approximately ¥4.6 billion for the fiscal year ended February 2021. Its main store locations are in the Greater Tokyo Area (Tokyo, Kanagawa, Saitama, and Chiba prefectures), operating four formats: supermarkets, general discount stores, discount stores, and specialty stores. In its composite stores 'Olympic Olive,' it incorporates specialty stores and focuses on enhancing customer convenience. In recent years, it has actively pursued acquisitions of food supermarkets and establishment of subsidiaries to expand its business scale. By joining CGC Japan, it promotes joint purchasing and efficient management. Cashless payment introduction is progressing, with PayPay and LINE Pay available. Moving forward, it emphasizes strengthening regionally rooted services and promoting digitalization as key management priorities.

Trivia

Interesting Facts

  • Founded in 1962, with the first store opened in Tachikawa
  • Company name derives from two years before the 1964 Tokyo Olympics
  • 'Olympic Olive' is a new format deploying multiple specialty stores simultaneously
  • Strengthened product sourcing via CGC Japan membership
  • Post-2007 fire accident reconstruction advanced store improvements
  • PayPay introduction started in 2019 and expanded nationwide
  • Home center 'Ouchi DEPO' inherited business from Nagasakiya
  • Multiple formats spun off into subsidiaries for efficient operations
  • Major shareholder Kane Yoshi Co., Ltd. holds 27.8%
  • Headquarters in Kokubunji, Tokyo, promoting regionally rooted management

Hidden Connections

  • Consulted with Japan Olympic Committee to avoid ambush marketing issues
  • Strong collaboration with CGC Group on joint procurement and product development
  • Multi-format fusion including in-store coffee shops and food counters
  • Subsidiary animal comprehensive medical center provides medical services linked with pet specialty stores
  • Strengthened Greater Tokyo Area food supermarket business through multiple company acquisitions
  • Major shareholder Kane Yoshi has influence in regional distribution
  • Reorganized after dissolving joint venture with Best Denki in home appliance business
  • Employs approximately 3,800 staff across diverse specialty stores

Future Outlook

Growth Drivers

  • Expansion of multi-format composite stores centered in Greater Tokyo Area
  • Expansion of regional market share in food supermarket business
  • Strengthening cashless payments and digital promotions
  • Differentiation and collaboration of specialty store brands
  • Revenue diversification via PB product development
  • Cost reductions through logistics efficiency
  • Strengthening environmental and sustainability measures
  • Deepening regionally rooted services
  • Business base expansion via M&A
  • Expanded acquisition of younger customers

Strategic Goals

  • Achieve 30 new composite stores
  • Sustainable growth exceeding ¥150 billion in sales
  • Establish PB products at over 50% of sales ratio
  • 70% renewable energy utilization rate and reduced environmental impact
  • Achieve 30% sales composition from digital promotions
  • Enhance regionally rooted community support programs
  • 100% compliance with sustainable procurement standards
  • Achieve over 90% employee satisfaction
  • Complete cashless payments across all stores
  • Entry and monetization of new business areas

Business Segments

Corporate Store Operation Support

Overview
Services supporting store operations and business efficiency for subsidiaries and franchise stores.
Competitiveness
Greater Tokyo Area store network and extensive operation experience
Customers
  • Real estate management companies
  • Retail franchise owners
  • Local governments
Products
  • Store operation know-how provision
  • IT system solutions
  • Logistics support

Procurement & Logistics Services

Overview
Joint procurement and logistics leveraging CGC Japan membership.
Competitiveness
Efficient purchasing and delivery network
Customers
  • Group stores
  • Cooperating retailers
  • Trading partner suppliers
Products
  • Joint procurement
  • Logistics management
  • Product sourcing support

Original Product Development

Overview
Develops and launches high-quality PB products at low prices.
Competitiveness
Product planning attuned to market needs
Customers
  • Own brands
  • Group stores
  • Partner manufacturers
Products
  • PB product planning
  • Product packaging design
  • Quality control

Digital Marketing Support

Overview
Sales promotion and customer loyalty enhancement using digital technology.
Competitiveness
Locally rooted customer database
Customers
  • Group stores
  • Partner companies
  • Local communities
Products
  • Customer analysis
  • Promotion campaign planning
  • SNS operation support

Real Estate Management & Development

Overview
Manages store real estate efficiently and handles new store development.
Competitiveness
Portfolio of properties in the Greater Tokyo Area
Customers
  • Group
  • Real estate investors
  • Local governments
Products
  • Store site management
  • Building maintenance
  • Development planning

Competitive Advantage

Strengths

  • Multi-format composite operations rooted in the Greater Tokyo Area
  • Broad product and service lineup
  • Cost competitiveness from CGC Japan membership
  • Strengthening of regionally rooted services
  • Improved customer convenience via digital payments
  • Fusion of specialty stores and supermarkets
  • Flexible store format reorganization capabilities
  • Strong logistics and procurement network
  • Support for diverse payment methods
  • Long history and local trust

Competitive Advantages

  • One-stop shopping for food and daily goods
  • Differentiation via composite store Olympic Olive
  • Robust specialty store network
  • High store density in key Greater Tokyo Area locations
  • Efficiency from functional division within the group
  • Own-brand product development capabilities
  • Market adaptability with cashless payments
  • Rapid response to local needs
  • Group holding structure for management
  • Business expansion via acquisitions and reorganizations

Threats

  • Intensifying competition with large regional supermarkets
  • Store location changes from urban redevelopment
  • Risk of accelerating shift to e-commerce by consumers
  • Rising labor and logistics costs
  • Food safety and hygiene risks
  • Changes in consumer purchasing due to economic fluctuations
  • Increased operating costs from regulatory tightening
  • Market fragmentation from new entrants
  • Risk of logistics and store damage during disasters
  • Rapid changes in consumer preferences

Innovations

2023: Expansion of Composite Store 'Olympic Olive' Format

Overview
Expanding general discount stores with specialty shops in areas like Shimura Sakashita.
Impact
Achieved improved customer satisfaction and enhanced customer draw.

2022: New Establishment and Launch of Food Supermarket 'OSC EF One'

Overview
Launched new brand food supermarket in Tokorozawa City to strengthen local ties.
Impact
Contributed to new customer acquisition and sales growth.

2024: Business Expansion via Acquisition of Super Amaike

Overview
Increased stores in Kanto region and diversified brands.
Impact
Expanded market share and strengthened regional competitiveness.

2020: Introduction of PayPay and LINE Pay for Cashless Payments

Overview
Rapidly introduced smartphone payment services across all stores.
Impact
Promoted purchases by younger customers and improved convenience.

2023: Formulation of New Logistics Center Construction Plan

Overview
Initiated plan for new hub to improve logistics efficiency.
Impact
Reduced delivery costs and improved delivery speed.

2021: Introduction of Digital Sales Promotion System

Overview
Renewed customer management and promotion campaign systems.
Impact
Contributed to sales growth and customer loyalty.

2024: Expansion of Energy-Saving Equipment in Stores

Overview
Promoting updates to LED lighting and high-efficiency air conditioning.
Impact
Achieves both operating cost reductions and lower environmental impact.

2023: Expansion of PB Product Lineup

Overview
Added diverse high-quality private brand products at low prices.
Impact
Contributed to customer satisfaction and differentiation.

Sustainability

  • Promotion of renewable energy use
  • Store operation improvements to reduce food waste
  • Efforts to reduce in-store plastic usage
  • Participation in environmental conservation activities with local communities
  • Eco-education programs for employees
  • Introduction of sustainable procurement standards
  • Development of low-environmental-impact logistics routes
  • Strengthened development of sustainable PB products
  • Waste recycling rate improvement targets
  • Environmental awareness activities using local events