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Last update: April 10, 2025
In the fiscal year under review, the Japanese economy, there were signs of recovery in consumer spending as employment and income conditions improved although some areas remain stagnant. This has led to a clear divergence in consumption patterns, with incomes of the young and the elderly increasing due to rising wages and the extension of the retirement age, but also an emerging awareness of the need to protect livelihoods, especially among those responsible for child rearing.
The North American economy remained robust overall thanks to the consumption of high-income earners, despite a persistently inflationary, elevated interest rate and deteriorating employment environment. In this context, there was a more prudent approach to consumption, in particular among middle- and low-income earners.
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).
On March 6, 2025, we announced the Plan to Unlock Shareholder Value Through Leadership Changes and Transformational Capital and Business Initiatives. These initiatives involve a series of measures designed to refine our management system, capital structure, and business operations. The primary objective of these measures is to further streamline our focus on the convenience store business, with a commitment to enhancing value for all shareholders. We will also continue to implement the business reform measures that have been announced to date and are currently underway.
FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
---|---|---|---|---|---|
Revenues from operations | 5,766,718 | 8,749,752 | 11,811,303 | 11,471,753 | 11,972,762 |
Operating income | 366,329 | 387,653 | 506,521 | 534,248 | 420,991 |
Ordinary income | 357,364 | 358,571 | 475,887 | 507,086 | 374,586 |
Net income attributable to owners of parent | 179,262 | 210,774 | 280,976 | 224,623 | 173,068 |
Total assets | 6,946,832 | 8,739,279 | 10,550,956 | 10,592,117 | 11,386,111 |
Net assets | 2,831,335 | 3,147,732 | 3,648,161 | 3,900,624 | 4,217,445 |
Non-controlling interests | 162,352 | 166,719 | 173,565 | 184,041 | 187,154 |
Interest-bearing debt | 1,761,210 | 2,898,733 | 2,975,797 | 2,738,654 | 2,694,730 |
Cash flows from operating activities | 539,995 | 736,476 | 928,476 | 673,015 | 876,458 |
Cash flows from investing activities | (394,127) | (2,505,566) | (413,229) | (431,809) | (732,363) |
Cash flows from financing activities | 690,542 | 937,077 | (270,373) | (377,065) | (392,648) |
Net increase (decrease) in cash and cash equivalents | 828,980 | (768,946) | 259,897 | (112,293) | (212,673) |
Cash and cash equivalents at end of year | 2,183,837 | 1,414,890 | 1,674,787 | 1,562,493 | 1,349,820 |
Capital expenditures | 377,299 | 439,630 | 431,961 | 473,770 | 552,778 |
Depreciation and amortization | 235,504 | 292,561 | 376,097 | 400,789 | 436,593 |
Net income per share | ¥203.03 | ¥238.68 | ¥318.14 | ¥84.88 | ¥66.62 |
Owners' equitiy per share | ¥3,022.68 | ¥3,375.50 | ¥3,933.93 | ¥1,416.94 | ¥1,553.17 |
Dividends per share | ¥98.50 | ¥100.00 | ¥113.00 | ¥113.00 | ¥40.00 |
Owner's equity ratio | 38.4% | 34.1% | 32.9% | 35.1% | 35.4% |
Return on equity (ROE) | 6.8% | 7.5% | 8.7% | 6.2% | 4.5% |
Exchange rate | |||||
Exchange rate | |||||
(average on the term) U.S.$1= | ¥106.76 | ¥109.90 | ¥131.62 | ¥140.67 | ¥151.69 |
1yuan= | ¥15.48 | ¥17.04 | ¥19.50 | ¥19.82 | ¥21.04 |
(at fiscal year end) U.S.$1= | ¥103.50 | ¥115.02 | ¥132.70 | ¥141.83 | ¥158.18 |
1yuan= | ¥15.88 | ¥18.06 | ¥19.01 | ¥19.93 | ¥21.67 |
Q1/FY22 | Q2/FY22 | Q3/FY22 | Q4/FY22 | Q1/FY23 | Q2/FY23 | Q3/FY23 | Q4/FY23 | Q1/FY24 | Q2/FY24 | Q3/FY24 | Q4/FY24 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues from operations | 2,447,317 | 5,651,505 | 8,823,781 | 11,811,303 | 2,650,666 | 5,547,013 | 8,580,207 | 11,471,753 | 2,734,750 | 6,035,534 | 9,069,591 | 11,972,762 |
Operating income | 102,367 | 234,767 | 394,873 | 506,521 | 81,992 | 241,115 | 410,019 | 534,248 | 59,344 | 186,996 | 315,401 | 420,991 |
Ordinary income | 95,519 | 219,763 | 370,264 | 475,887 | 73,708 | 226,867 | 388,239 | 507,086 | 55,000 | 167,220 | 281,633 | 374,586 |
Net income attributable to owners of parent | 65,039 | 136,089 | 234,708 | 280,976 | 42,180 | 80,228 | 182,162 | 224,623 | 21,388 | 52,242 | 63,630 | 173,068 |
Total assets | 9,959,256 | 10,499,995 | 10,901,476 | 10,550,956 | 10,598,356 | 10,838,971 | 11,093,844 | 10,592,117 | 11,223,488 | 11,851,693 | 10,883,860 | 11,386,111 |
Net assets | 3,314,126 | 3,635,009 | 3,817,004 | 3,648,161 | 3,652,880 | 3,907,975 | 4,036,547 | 3,900,624 | 3,991,248 | 4,220,526 | 3,830,058 | 4,217,445 |
Non-controlling interests | 166,242 | 171,112 | 170,799 | 173,565 | 172,973 | 189,514 | 183,989 | 184,041 | 182,129 | 186,290 | 183,978 | 187,154 |
Interest-bearing debt | 2,960,383 | 3,055,264 | 3,157,617 | 2,975,797 | 2,773,117 | 2,871,189 | 2,993,284 | 2,738,654 | 2,826,114 | 2,996,982 | 2,737,650 | 2,694,730 |
Cash flows from operating activities | 280,155 | 366,450 | 581,568 | 928,476 | 317,626 | 192,993 | 486,114 | 673,015 | 236,122 | 542,422 | 786,773 | 876,458 |
Cash flows from investing activities | (92,829) | (184,232) | (295,019) | (413,229) | (95,107) | (223,140) | (293,796) | (431,809) | (316,886) | (600,782) | (723,679) | (732,363) |
Cash flows from financing activities | (86,031) | (185,471) | (238,669) | (270,373) | (252,355) | (295,290) | (163,920) | (377,065) | (131,783) | (76,534) | (196,168) | (392,648) |
Net increase (decrease) in cash and cash equivalents | 112,202 | 27,658 | 101,205 | 259,897 | (28,819) | (302,671) | 67,070 | (112,293) | (189,226) | (92,897) | (117,237) | (212,673) |
Cash and cash equivalents at end of period | 1,527,092 | 1,442,548 | 1,516,095 | 1,674,787 | 1,645,968 | 1,372,116 | 1,741,857 | 1,562,493 | 1,373,267 | 1,469,596 | 1,445,255 | 1,349,820 |
Capital expenditures | 81,970 | 192,085 | 298,534 | 431,961 | 94,632 | 211,113 | 321,864 | 473,770 | 112,362 | 284,797 | 410,709 | 552,778 |
Depreciation and amortization | 87,164 | 180,503 | 278,077 | 376,097 | 98,084 | 197,735 | 297,868 | 400,789 | 104,531 | 216,764 | 325,682 | 436,593 |
Owner's equity ratio | 31.6% | 33.0% | 33.4% | 32.9% | 32.8% | 34.3% | 34.7% | 35.1% | 33.9% | 34.0% | 33.5% | 35.4% |