In the fiscal year under review, the domestic and overseas economies continued to pick up, despite evidence of some weakness, with the effect of the spread of vaccinations and measures implemented by various governments, while overall conditions remained difficult due to the emergence of new COVID-19 variants. However, the outlook for domestic consumer spending remains uncertain, partly due to the spread of the Omicron strain.
In this environment, we set our basic stance: “We aim to contribute to local communities both in Japan and overseas by providing new experiences and values, from the customer’s point of view.” To realize our ideal Group image for 2030: “A world-class global distribution group that leads distribution innovation through global growth strategies centered on the 7-Eleven business and proactive utilization of technology.”, we announced our “Medium-Term Management Plan 2021-2025” in July 2021, and we will continue focusing on generating medium-to-long-term corporate value and realizing sustainable business growth under the Plan.
Effective May 14, 2021, the Company acquired from Marathon Petroleum Corporation (U.S.A.) shares and other equity interests in a convenience store business operated primarily under the Speedway brand. That business has since been included in the scope of consolidation.