T.O. Holdings
A Hakodate-based holding company operating home centers, supermarkets, timber, housing, real estate, auto dealerships, and consumer finance across Hokkaido.
Last updated September 29, 2026
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Overview
T.O. Holdings Co., Ltd. (株式会社テーオーホールディングス) is a Japanese holding company headquartered in Hakodate, Hokkaido. It traces its origins to 1950, when Ogasawara Shoten was founded, and was incorporated in 1955. Over the decades it expanded from timber and apparel into a diversified regional conglomerate. In 2017 it transitioned to a holding company structure and adopted its current name. The group operates home centers under the Yellow Globe brand, supermarkets under T.O. Store, timber and housing through T.O. Forest, auto dealerships (Hakodate Nissan, Kitami Nissan, Kitami Mitsubishi), consumer finance, and other services. It is listed on the Sapporo Securities Exchange and was formerly on JASDAQ. The company is a significant employer and retailer in southern Hokkaido, with timber operations extending nationwide and into the United States.
History
T.O. Holdings originated in May 1950 as Ogasawara Shoten, a sole proprietorship. In January 1955 it was incorporated as Ogasawara Shoten Co., Ltd., with two divisions: timber and apparel (later the department store division). In October 1962, T.O. Department Store main branch opened in Hakodate. In August 1969, Teiō Ryokuchi Jūtaku Co., Ltd. was established (later renamed T.O. House Co., Ltd.). In May 1975, the company changed its name to T.O. Ogasawara Co., Ltd. In June 1989, it adopted a divisional system, and T.O. House was merged into the housing division. In January 1991, it listed on the over-the-counter market (now JASDAQ). In September 2012, Hakodate Nissan Motor Co., Ltd. became a subsidiary. In April 2015, Kitami Nissan Motor Co., Ltd. became a subsidiary. In June 2017, the company transitioned to a holding company structure and changed its name to T.O. Holdings Co., Ltd.; through a company split, the timber and housing businesses were succeeded by T.O. Forest Co., Ltd., the department store business by T.O. Department Store Co., Ltd., the home center business by T.O. Retailing Co., Ltd., and the nursing care and sports club businesses by T.O. General Service Co., Ltd. In June 2019, Kitami Mitsubishi Motor Sales Co., Ltd. became a subsidiary. In November 2019, T.O. Forest's flooring business was split off into T.O. Flooring Co., Ltd., and 50% of its shares were transferred to Daiken Corporation. In April 2021, the care service business of T.O. General Service was transferred to a new company, Kōben Co., Ltd., whose shares were then transferred to Asahi Pharmacy Co., Ltd. On January 1, 2022, the sports club business of T.O. General Service was transferred to Okamoto Co., Ltd.; the club, formerly T.O. Sports Club, began operating as JOYFIT under the Okamoto Group. On August 31, 2023, the T.O. Department Store main branch closed. On November 21, 2025, the company listed on the Sapporo Securities Exchange main market. On April 1, 2026, its industry classification on the Tokyo Stock Exchange is scheduled to change from 'wholesale' to 'retail' due to the increased revenue share of the auto dealership business.
- 2026
TSE industry classification to change from wholesale to retail
- 2025
Listed on Sapporo Securities Exchange main market
- 2023
T.O. Department Store main branch closes
- 2022
Sports club business transferred to Okamoto Co., Ltd.
- 2021
Care service business transferred to Kōben Co., Ltd.
- 2019
Kitami Mitsubishi Motor Sales becomes subsidiary; T.O. Flooring split off, 50% sold to Daiken
- 2017
Holding company structure; renamed T.O. Holdings Co., Ltd.
- 2015
Kitami Nissan Motor becomes subsidiary
- 2012
Hakodate Nissan Motor becomes subsidiary
- 1991
Listed on over-the-counter market (now JASDAQ)
Products and positioning
Diversified regional conglomerate serving Hokkaido with retail, housing, and automotive businesses.
Yellow Globe home centers
Home center chain with stores such as Jumbo Yellow and Yellow Globe.
T.O. Store supermarkets
Supermarket chain primarily selling food.
T.O. Forest timber and housing
Timber division produces flooring and plywood; housing division builds custom homes under T.O. House brand.
Hakodate Nissan dealership
Car dealership subsidiary.
Consumer finance
Consumer loan services with ATMs at Seven Bank and Hokkaido banks.
Sources3 sources
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