Latest news for Seven & i Holdings Co (OTC:SVNDF) Stock

Seven & i Holdings operates 7-Eleven, the world's largest convenience store chain, with more than 84,000 stores, including nearly 49,000 operated by licensees globally. Convenience stores, mainly in Japan and North America, represent 86% of group sales (81% of operating revenue) and around 90% of operating profits. 7-Eleven Japan, the market leader in Japan's convenience store industry, has acquired 46% value share and 38% share in store count. 7-Eleven, the largest convenience store chain in the US, made a $21 billion acquisition of Speedway in 2020. The deal increased its total store count to more than 13,000. Other retail includes superstores and specialty retailers, both of which have low margins. The financial business, mainly ATM operations, is another key profit contributor.

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Seven &amp; I Holdings is considering separating its Ito-Yokado supermarket arm from the lucrative 7-Eleven franchise.

Seven &amp; I Holdings Contemplates Separation Of Retail Arm, Shifts Focus To 7-Eleven Expansion

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Seven &amp; I Reports 7.3% Decline In Net Profit

SEVEN & I HLDGS CO LTD by Seven & I Holdings Co., Ltd.

Seven & i Holdings Co Ltd

Seven &amp; I Holdings Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDF#OTC">SVNDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>) is contemplating a potential listing of Ito-Yokado as it <a href="https://www.7andi.com/en/ir/">seeks </a>to separate it from its more lucrative 7-Eleven franchise.
The company plans to create a globally integrated CVS management structure, including Japan and North America, with a unified leadership.
The Superstore (SST) business will aim to establish a refined management/business structure to provide employees with autonomy to pursue re-growth.
The retailer&#8217;s board and strategic committee will devise a plan for the separation and public offering of the legacy operation.
In response to pressure from&nbsp;ValueAct Capital Management&nbsp;last year, Seven &amp; I has initiated steps towards improving its valuation and embracing structural reform, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-10/seven-i-climbs-on-reports-it-will-sell-ito-yokado-stores-unit?sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
This includes potential store closures to boost performance. The reorganization aims to grant employees autonomy in driving growth and strategic decision-making.
Previously, Seven &amp; I had announced a collaboration with its supermarket unit to diversify product offerings in its larger convenience stores.
The company has also disclosed plans for share buybacks and a stock split. In its latest fiscal year, Seven &amp; I recorded a 5.5% increase in operating profit despite a slight decline in net sales. The company&#8217;s outlook for the current year slightly trails analysts&#8217; projections, as per the report.
CEO Ryuichi Isaka addressed investor concerns earlier this year, emphasizing the need to replicate the success of 7-Eleven Japan&#8217;s food business globally.
As per the report, Seven &amp; I has pushed back against calls for breakup, arguing it would harm shareholder value.
The status of ValueAct&#8217;s stake remains uncertain, with the investor no longer listed as a significant shareholder. However, it&#8217;s plausible that ValueAct still holds an indirect stake in the company, the report further noted.
Price Action: SVNDF shares traded lower by 1.81% at $14.33 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Seven & I Holdings Contemplates Separation Of Retail Arm, Shifts Focus To 7-Eleven Expansion

Seven &amp; I Holdings Co (OTC: SVNDF) reported a 7.3% drop in its net profit for the first nine months of its fiscal year.

Seven &amp; I's net profit for the period declind to Y83.7 billion, from Y90.2 billion, in the year-earlier period. Its operating profit surged to Y216.2 billion from Y175.8 billion. Its revenue dropped to Y3.55 trillion from Y3.83 trillion. 

Seven &amp; I continues to expect a net profit of Y127 billion, versus Y112 billion for the 12 months ended February 2011. However, it projects 
revenue to drop to Y4.78 trillion, versus Y5.12 trillion a year earlier.

Seven & I Reports 7.3% Decline In Net Profit

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Seven & I Holdings Q1 Sales Rise Amid Profit Dip

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Seven & I Holdings Co. Reports Q1 FY2024 Results

Seven & i Holdings Co., Ltd. 2024 Q1 - Results - Earnings Call Presentation

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Seven & I Holdings Co (JP:3382) has released an update. Seven & i Holdings Co. has announced revisions to its Medium-Term Management Plan, aiming f...

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Seven & i Holdings Co

Seven &amp; I Holdings Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDF#OTC">SVNDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>) is contemplating a potential listing of Ito-Yokado as it <a href="https://www.7andi.com/en/ir/">seeks </a>to separate it from its more lucrative 7-Eleven franchise.



The company plans to create a globally integrated CVS management structure, including Japan and North America, with a unified leadership.



The Superstore (SST) business will aim to establish a refined management/business structure to provide employees with autonomy to pursue re-growth.



The retailer&#8217;s board and strategic committee will devise a plan for the separation and public offering of the legacy operation.



In response to pressure from&nbsp;ValueAct Capital Management&nbsp;last year, Seven &amp; I has initiated steps towards improving its valuation and embracing structural reform, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-10/seven-i-climbs-on-reports-it-will-sell-ito-yokado-stores-unit?sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.



This includes potential store closures to boost performance. The reorganization aims to grant employees autonomy in driving growth and strategic decision-making.



Previously, Seven &amp; I had announced a collaboration with its supermarket unit to diversify product offerings in its larger convenience stores.



The company has also disclosed plans for share buybacks and a stock split. In its latest fiscal year, Seven &amp; I recorded a 5.5% increase in operating profit despite a slight decline in net sales. The company&#8217;s outlook for the current year slightly trails analysts&#8217; projections, as per the report.



CEO Ryuichi Isaka addressed investor concerns earlier this year, emphasizing the need to replicate the success of 7-Eleven Japan&#8217;s food business globally.



As per the report, Seven &amp; I has pushed back against calls for breakup, arguing it would harm shareholder value.



The status of ValueAct&#8217;s stake remains uncertain, with the investor no longer listed as a significant shareholder. However, it&#8217;s plausible that ValueAct still holds an indirect stake in the company, the report further noted.



Price Action: SVNDF shares traded lower by 1.81% at $14.33 on Wednesday.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo via Shutterstock

Seven & I Holdings Co (OTC: SVNDF) reported a 7.3% drop in its net profit for the first nine months of its fiscal year.

Seven & I's net profit for the period declind to Y83.7 billion, from Y90.2 billion, in the year-earlier period. Its operating profit surged to Y216.2 billion from Y175.8 billion. Its revenue dropped to Y3.55 trillion from Y3.83 trillion. 

Seven & I continues to expect a net profit of Y127 billion, versus Y112 billion for the 12 months ended February 2011. However, it projects 
revenue to drop to Y4.78 trillion, versus Y5.12 trillion a year earlier.


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