In Domestic convenience store operations, revenues from operations amounted to ¥229,039 million (106.4% year on year), and operating income amounted to ¥64,088 million (108.1% year on year).
SEVEN-ELEVEN JAPAN CO., LTD. (“SEJ”) is focusing on addressing changes in customers’ purchasing behavior that emerged from the COVID-19 pandemic, in addition to population aging and increases in single-person households and working women. Accordingly, SEJ has been implementing activities including strengthening the development of original merchandise such as fast food and Seven Premium, changing store layouts as part of efforts to increase the number of items carried, and conducting sales promotions that produce an event-like sense of excitement. In addition, SEJ has been enhancing measures to achieve a nationwide roll-out of the “7NOW” delivery service in the fiscal year ending February 28, 2025. These measures include establishing a system to increase the number of stores handling the service.
In the three months ended May 31, 2023, we benefited from the success of various measures such as proactively conducting fair events setting themes based on region, menu, etc., and offer a varied assortment of merchandise for each theme, and conducting sales promotion initiatives leveraging our app. We also benefited from a recovery in customer traffic and favorable weather, while some concerns remained about the COVID-19 pandemic. As a result, existing store sales increased year on year. Moreover, total store sales (the sum of sales from directly operated stores and franchisees) amounted to ¥1,325,005 million (105.4% year on year). Operating income was ¥64,477 million (108.1% year on year), despite a continued increase in utilities costs resulting from higher energy costs.
SEJ marked its 50th anniversary in 2023. Looking ahead, SEJ will seek to foster the well-being of all its stakeholders not only through its traditional strength of “convenience”, but also through a four-part vision encompassing health, community, the environment, and human resources, in order to contribute to the solution of social issues.

In Overseas convenience store operations, revenues from operations amounted to ¥1,900,672 million (110.3% year on year), and operating income amounted to ¥20,981 million (47.7% year on year).
In North America, 7-Eleven, Inc. (“SEI”) sought to achieve sustained business growth and improved business efficiency, even as concerns emerged about continued inflation and monetary tightening causing an economic recession. To achieve these goals, SEI endeavored to expand the development and distribution of its high quality and highly profitable proprietary products (fresh foods, proprietary beverages, and private brands), step up efforts focused on the “7NOW” delivery service, and enhance customer loyalty through the use of digital technology.
As a result, in the three months ended March 31, 2023, merchandise sales at existing stores in the U.S. increased year on year in U.S. dollars. Moreover, total store sales (the sum of sales from directly operated stores and franchisees) amounted to ¥2,267,741 million (111.2% year on year), due to growth in merchandise sales. Meanwhile, operating income amounted to ¥47,818 million (70.4％ year on year) due to factors such as a rebound from historically high levels of fuel gross profit in the previous year.
In addition, the integration process with the Speedway business acquired in May 2021 is proceeding smoothly, with synergies amounting to U.S.$800 million expected to be generated in the fiscal year ending December 31, 2023.
7-Eleven International LLC has plans to establish a store network of 50,000 stores in areas outside Japan and North America by the fiscal year ending December 31, 2025, and to open stores in 30 countries and regions worldwide, including Japan and North America by the fiscal year ending December 31, 2030. Based on these goals, it will advance growth strategies both in countries where it already has stores and those where it will open stores for the first time. As for existing countries, 7-Eleven International LLC decided in February 2023 to invest in and finance the Vietnam business. And for new countries, the first store was opened in Israel in January, 2023. As a result, 7-Eleven has the stores in 19 countries and regions worldwide.

In Superstore operations, revenues from operations amounted to ¥360,155 million (101.2% year on year), and operating income amounted to ¥3,316 million (94.2% year on year).
Ito-Yokado Co., Ltd will demonstrate the accomplishments of the structural reforms which have been implemented through the fiscal year ended February 28, 2023. Concurrently, it will execute fundamental reform measures aimed at improving the profitability of Superstore operations. As part of these efforts, Peace Deli Nagareyama Kitchen, which is the Seven & i Group’s first shared infrastructure site, started supplying fresh food and meal kits processed at the plant to stores in the Tokyo metropolitan area on March 28, 2023.
In the three months ended May 31, 2023, existing store sales (including tenants) rose year on year, as sales of tenants and other merchants rebounded mainly due to a recovery in customer traffic. However, the operating loss amounted to ¥163 million (in contrast to operating income of ¥770 million for the same period of the previous fiscal year), mainly owing to an increase in utilities costs due to higher energy costs and other expenses.
On June 16, 2023, Ito-Yokado, Co., Ltd. and York Co., Ltd. entered into a merger agreement with ItoYokado Co., Ltd. being the surviving company and York Co., Ltd. being the dissolved company. This agreement seeks to maximize synergies and operational efficiency of Superstore operations in the Tokyo metropolitan area.
Existing store sales at York-Benimaru Co., Ltd. increased year on year, as it benefited from the success of suitable price increases in response to soaring raw material prices, and sales promotion initiatives. As a result, York-Benimaru’s operating income amounted to ¥4,581 million (102.7% year on year), despite a continued increase in utilities costs due to higher energy costs and other expenses. York-Benimaru will continue enhancing its high-growth integrated delicatessen production and sales business model, and to target sustainable growth as a supermarket operator that proposes lifestyle solutions.
The Group companies in Superstore operations, centered on Ito-Yokado Co., Ltd., have expansive procurement capabilities spanning fresh food, processed food and other items, a wide range of knowledge, information gathering capacity and relationships of trust with suppliers that have been fostered over many years. Meanwhile, SEJ possesses a merchandise development process created independently and overwhelming sales capabilities. By leveraging one another’s strengths, we will continue to expand sales from competitive private brands and implement last mile initiatives, and thereby promote our Group food strategy.

In Financial services, revenues from operations amounted to ¥50,988 million (107.2% year on year), and operating income amounted to ¥9,947 million (108.1% year on year).
As of May 31, 2023, the number of domestic ATMs operated by Seven Bank, Ltd. stood at 26,936, up 47 from the previous fiscal year-end. The average number of transactions per day per ATM amounted to 104.0 (up 4.6 year on year), owing to improvement in the number of transactions at deposit-taking institutions in step with a rebound in customer traffic and an increase in non-banking transactions such as consumer finance in line with increased demand for funds, as well as a sustained high level of cash charge transactions as consumers opted for various cashless payments. As a result, total transactions of Seven Bank’s ATMs during the three months ended May 31, 2023 increased year on year. As of May 31, 2023, Seven Bank had cash and deposits (including cash for ATM loading) of ¥1,159.0 billion.
In addition, we entered into an agreement on April 6, 2023 to transfer all shares of Seven Card Services Co., Ltd. owned by Seven Financial Service Co., Ltd., a consolidated subsidiary of the Company, to Seven Bank, Ltd. Through this transaction, we aim to capture synergies by integrating the management of banking and non-banking businesses.