Our Commitments
Realizing Robust Value Creation and Growth Strategy
We seek to accelerate the unlocking of significant shareholder and corporate value and promotion of growth of the company.
1. Our Stand-Alone Plan
On March 6, 2025, Seven & i Holdings announced a series of transformational leadership, capital, and business initiatives to enhance focus on its convenience store business and unlock and distribute significant value to shareholders and other stakeholders. These initiatives will be supported by continued progress on previously announced business transformation actions that are already underway. Subsequently on April 9, Seven & i Holdings announced the commencement of a share repurchase of up to JPY 600 billion in FY2025. Our standalone plan includes the following initiatives:
- Initiation of an IPO of 7-Eleven, Inc. (SEI, 7-Eleven in North America) by the second half of 2026
- Closing of the sale of Superstore Business Group to a Bain Capital-owned special purpose company, with the expected timing of September 2025
- Repurchase of approximately JPY 2 trillion using aggregate cash proceeds from the IPO of SEI and sale of Superstore Business Group, expected to conclude by FY2030. Repurchase of up to JPY 600 billion will be made in FY2025
- Progressing previously announced initiatives, including the deconsolidation of Seven Bank and accelerating the performance of our convenience store business
2. Constructive Engagement with ACT
Until recently, Seven & i Holdings, through the Special Committee of the Board, comprised solely of independent outside directors under Chair Paul Yonamine, had been engaging with ACT in good faith and working closely with ACT to explore a clear path to antitrust regulatory approval, so that a potential sale transaction could be made if agreed upon.
However, on July 17, 2025, ACT informed us that it has unilaterally decided to end discussions and withdraw its proposal to acquire the Company. While we are disappointed by ACT’s decision, and disagree with their numerous mischaracterizations, we are not surprised. Since ACT initially made its proposal, there have been significant changes in the global economy, exchange rates, and financing markets. As ACT noted on its most recent earnings call, conditions in key markets have deteriorated since last year. The Special Committee consistently engaged in good faith and constructively with ACT to explore the possibility of reaching a deal that could be consummated and that would benefit our shareholders. At the same time, we were always honest about the extraordinary antitrust hurdles a potential transaction would face, including the protracted timeframe to move through the regulatory process.
Throughout this process, 7&i pursued all parallel paths to ensure that value for shareholders and other stakeholders is maximized. We remain fully committed to our standalone value creation plan, which we have been pursing in parallel, and to unlocking the value of our businesses, including our North American convenience store business.
For more information, please refer to the documents below.
An Update from Seven & i’s Special Committee of the Board of Directors
Seven & i Holdings Comments on Press Release from Alimentation Couche-Tard Inc.
Know the Facts About 7&i’s Engagement with ACT and Antitrust Concerns