Financial Highlights

Last update: January 12, 2024

Results for the Third Quarter of FY2023

 In the nine months ended November 30, 2023, the Japanese economy showed signs of improvement in consumer spending due to the normalization of economic activity as further progress was made on the easing of activity restrictions, including reclassification of COVID-19’s category to Class 5 under the Act on the Prevention of Infectious Diseases and Medical Care for Patients with Infectious Diseases.
In North America, the economy showed some signs of improvement, such as a recovery in employment conditions. However, the effects of continued inflation and monetary tightening fueled concerns about an economic slowdown, making the outlook uncertain. Consumer spending habits have become more defensive, partly owing to a decline in personal savings.
In this environment, the Seven & i Group aims to be “a world-class retail group centered around its ‘food’ that leads retail innovation through global growth strategies centered on the 7-Eleven business and proactive utilization of technology.” To achieve this goal, the Group has been pushing ahead with the business strategies and Group strategy laid out in the updated Medium-Term Management Plan (announced on March 9, 2023).
Our consolidated results for the nine months ended November 30, 2023 are summarized below.
“Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March 31, 2020), etc. have been applied since the fiscal year ended February 28, 2023.

Financial Statements

(Millions of Yen)
  FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
Revenues from operations 6,791,215 6,644,359 5,766,718 8,749,752 11,811,303
Operating income 411,596 424,266 366,329 387,653 506,521
Ordinary income 406,523 417,872 357,364 358,571 475,887
Net income attributable to owners of parent 203,004 218,185 179,262 210,774 280,976
Total assets 5,795,065 5,996,887 6,946,832 8,739,279 10,550,956
Net assets 2,672,486 2,757,222 2,831,335 3,147,732 3,648,161
Non-controlling interests 148,285 155,295 162,352 166,719 173,565
Interest-bearing debt 1,105,189 982,960 1,761,210 2,898,733 2,975,797
Cash flows from operating activities 577,878 576,670 539,995 736,476 928,476
Cash flows from investing activities (557,497) (318,047) (394,127) (2,505,566) (413,229)
Cash flows from financing activities (5,324) (213,204) 690,542 937,077 (270,373)
Net increase (decrease) in cash and cash equivalents 9,824 44,126 828,980 (768,946) 259,897
Cash and cash equivalents at end of year 1,310,729 1,354,856 2,183,837 1,414,890 1,674,787
Capital expenditures 539,328 360,909 377,299 439,630 431,961
Depreciation and amortization 221,133 226,475 235,504 292,561 376,097
Net income per share ¥229.50 ¥246.95 ¥203.03 ¥238.68 ¥318.14
Owners' equitiy per share ¥2,850.42 ¥2,946.83 ¥3,022.68 ¥3,375.50 ¥3,933.93
Dividends per share ¥95.00 ¥98.50 ¥98.50 ¥100.00 ¥113.00
Owner's equity ratio 43.5% 43.4% 38.4% 34.1% 32.9%
Return on equity (ROE) 8.2% 8.5% 6.8% 7.5% 8.7%
Exchange rate
Exchange rate  
(average on the term) U.S.$1= ¥110.44 ¥109.03 ¥106.76 ¥109.90 ¥131.62
1yuan= ¥16.71 ¥15.78 ¥15.48 ¥17.04 ¥19.50
(at fiscal year end) U.S.$1= ¥111.00 ¥109.56 ¥103.50 ¥115.02 ¥132.70
1yuan= ¥16.16 ¥15.67 ¥15.88 ¥18.06 ¥19.01
  • *ROE is calculated based on the average of net assets at the beginning and end of fiscal year.
  • *Capital expenditures include long-term leasehold deposits and advances for store construction.
(Millions of Yen)
  Q4/FY20 Q1/FY21 Q2/FY21 Q3/FY21 Q4/FY21 Q1/FY22 Q2/FY22 Q3/FY22 Q4/FY22 Q1/FY23 Q2/FY23 Q3/FY23
Revenues from operations 5,766,718 1,555,371 3,646,449 6,149,472 8,749,752 2,447,317 5,651,505 8,823,781 11,811,303 2,650,666 5,547,013 8,580,207
Operating income 366,329 77,512 186,170 302,927 387,653 102,367 234,767 394,873 506,521 81,992 241,115 410,019
Ordinary income 357,364 69,869 173,450 282,145 358,571 95,519 219,763 370,264 475,887 73,708 226,867 388,239
Net income attributable to owners of parent 179,262 43,018 106,500 174,877 210,774 65,039 136,089 234,708 280,976 42,180 80,228 182,162
Total assets 6,946,832 8,397,040 8,718,548 8,649,303 8,739,279 9,959,256 10,499,995 10,901,476 10,550,956 10,598,356 10,838,971 11,093,844
Net assets 2,831,335 2,944,585 3,017,911 3,058,492 3,147,732 3,314,126 3,635,009 3,817,004 3,648,161 3,652,880 3,907,975 4,036,547
Non-controlling interests 162,352 159,837 163,551 163,352 166,719 166,242 171,112 170,799 173,565 172,973 189,514 183,989
Interest-bearing debt 1,761,210 2,981,139 3,115,983 2,957,029 2,898,733 2,960,383 3,055,264 3,157,617 2,975,797 2,773,117 2,871,189 2,993,284
Cash flows from operating activities 539,995 249,904 340,802 481,588 736,476 280,155 366,450 581,568 928,476 317,626 192,993 486,114
Cash flows from investing activities (394,127) (84,881) (2,343,981) (2,367,065) (2,505,566) (92,829) (184,232) (295,019) (413,229) (95,107) (223,140) (293,796)
Cash flows from financing activities 690,542 1,099,428 1,243,151 1,030,317 937,077 (86,031) (185,471) (238,669) (270,373) (252,355) (295,290) (163,920)
Net increase (decrease) in cash and cash equivalents 828,980 1,378,579 (717,476) 50,377 (768,946) 112,202 27,658 101,205 259,897 (28,819) (302,671) 67,070
Cash and cash equivalents at end of period 2,183,837 3,562,416 1,466,360 1,379,054 1,414,890 1,527,092 1,442,548 1,516,095 1,674,787 1,645,968 1,372,116 1,741,857
Capital expenditures 377,299 94,678 201,223 316,847 439,630 81,970 192,085 298,534 431,961 94,632 211,113 321,864
Depreciation and amortization 235,504 61,802 131,608 208,738 292,561 87,164 180,503 278,077 376,097 98,084 197,735 297,868
Owner's equity ratio 38.4% 33.2% 32.7% 33.5% 34.1% 31.6% 33.0% 33.4% 32.9% 32.8% 34.3% 34.7%
  • *Capital expenditures include long-term leasehold deposits and advances for store construction.