Seven & i Holdings Co., Ltd.
3382・Prime Market・Retail Trade
Business
Seven & i Holdings Co., Ltd. is a pure holding company established in 2005 that oversees a distribution group consisting of 196 companies (consolidated). Its core businesses are the Domestic Convenience Store Business (Seven-Eleven Japan) and the Overseas Convenience Store Business (7-Eleven, Inc.), and it operates a global CVS network spanning North America, Australia, and Asia. In addition, it operates the Superstore Business (Ito-Yokado, York-Benimaru), the Financial Services Business centered on Seven Bank, and Other Businesses including specialty stores such as Loft. From FY2025 onward, the company is accelerating its focus on the CVS business, promoting a fundamental transformation of its business portfolio through the transfer of the Superstore Business to Bain Capital and the IPO of 7-Eleven, Inc. Its main customers are a broad range of consumers seeking daily food and daily necessities, and group sales (including franchise stores) reached ¥18,442,884 million.
Business Model
In the Domestic Convenience Store Business, Seven-Eleven Japan generates revenue from royalty income from franchisees under franchise agreements as well as sales from directly operated stores, achieving a high operating margin (approximately 25%). In the Overseas Convenience Store Business, 7-Eleven, Inc. operates a similar franchise/directly-operated store model centered on North America, boasting a large sales scale that also includes gasoline retail. In the Financial Services Business, Seven Bank builds up fee income through its network of 27,965 ATMs. Retail x finance synergies leveraging the group's common ID "7iD" also complement the revenue base.
Company Strengths
Seven-Eleven Japan's total chain store sales for FY2025 (ended February 2025) reached ¥5,390,271 million (100.5% year-on-year). Both existing-store sales and customer traffic exceeded the previous year, and operating income for the Domestic CVS Business stood at ¥233,554 million, maintaining the highest profit margin among all segments. The "quality and price compatibility" initiative has contributed to expanding the customer base and increasing visit frequency.
Operating revenue of the Overseas CVS Business, centered on 7-Eleven, Inc., reached ¥9,170,782 million, accounting for approximately 77% of the consolidated total, with total chain store sales of ¥10,493,291 million. In April 2024, the acquisition of Australia's SEA (Convenience Group Holdings Pty Ltd) was completed, expanding the business foundation in the Asia-Pacific region. 7-Eleven International LLC (International Franchise) aims to expand into 30 countries and regions by FY2030.
As of the end of February 2025, Seven Bank had installed 27,965 ATMs domestically (an increase of 595 units from the end of the previous fiscal year). The average number of transactions per ATM per day reached 107.9 (up 3.3 year-on-year), and total ATM transaction volume exceeded that of the previous year. The sustained high level of cash-charging transactions, driven by the spread of cashless payments, has contributed to stable earnings.
ENVALITH's Perspective
Performance Trend
Operating revenue for Q1 FY2027 (ending February 2027) was ¥2,378,819 million (85.7% year-on-year), representing a decline, but this is a structural factor due to the deconsolidation of Seven Bank and York Holdings' subsidiaries. On a real basis, revenue increased 102.4% year-on-year. Operating profit was ¥105,039 million (161.4% year-on-year), ordinary profit was ¥100,735 million (189.1% year-on-year), and quarterly net profit attributable to owners of parent was ¥60,600 million (123.6% year-on-year), achieving substantial profit growth at every stage. EBITDA was ¥233,246 million (versus ¥205,732 million in the same period of the previous year), and EPS before goodwill amortization was ¥38.04 (versus ¥29.52 in the same period of the previous year). As an external factor, foreign exchange (U.S.$1 = ¥156.96) boosted operating revenue by ¥60.2 billion and operating profit by ¥1.8 billion year-on-year. Operating profit over the past five fiscal years peaked at ¥506,521 million in FY2023 and declined to ¥420,991 million in FY2025, but has turned to a recovery trend starting from ¥422,993 million in FY2026 following the completion of CVS specialization, and the full-year forecast for FY2027 of ¥425,000 million (100.5% versus the previous fiscal year) is expected to maintain a stable level.
Growth Strategy
Focus on CVS business and acceleration of global expansion, with enhanced shareholder returns through treasury share cancellation and dividend increase
Based on the "Transformation of 7-Eleven" announced on August 6, 2025, the Company is advancing initiatives along three axes: enhancing the customer experience, strengthening the earnings structure, and accelerating digital initiatives. In the first quarter of FY2027 (ending March 2027), existing store sales exceeded the same period of the prior year and gross margin improved, confirming the effectiveness of these initiatives.
At 7-Eleven, Inc., the Company is expanding original products and fresh food, accelerating the franchising of company-operated stores, and pursuing thorough cost management through redesign of the value chain. Overseas CVS operating income in the first quarter of FY2027 (ending March 2027) recovered sharply to ¥65,592 million (755.0% year on year), and the Company aims for full-year operating income of ¥270,000 million (121.5% of the prior year).
Deconsolidation of Seven Bank (June 2025) and York Holdings' subsidiaries (September 2025) completed the Company's focus on the CVS business. On July 15, 2026, the Company canceled 284,297,500 treasury shares (10.92% of total shares issued), dispelling dilution concerns. The annual dividend forecast was raised to ¥60 (from ¥50 in the prior fiscal year), strengthening shareholder returns.
The Company is expanding the 7NOW (Delivery Service) and mobile ordering both domestically and overseas, establishing new revenue sources by linking these with co-creative marketing. Domestically, the Company aims to strengthen engagement through initiatives linked to social media and mass media, while overseas, 7NOW (Delivery Service) is positioned as the core driver of autonomous growth.
Last updated: July 17, 2026