Japanese retail conglomerate Seven & i has disclosed total revenue of Y11.97tn ($81.46bn) inthe fiscal 2024 (FY24) – a 4.4% rise from the previous year’s Y11.47tn.
The group’s total sales of Y18.44tn include the sales of franchisees of Seven-Eleven Japan, Seven-Eleven Okinawa, 7-Eleven and 7-Eleven Stores.
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The company’s operating income saw a decline to Y420.99bn – a drop of 21.2% from the preceding fiscal year’s Y534.25bn.
Net income attributable to the parent company’s shareholders also fell to Y173.07bn in FY24, a decrease of 23% from FY23’s Y224.62bn.
Diluted earnings per share (EPS) stood at Y66.61 in FY24, compared to Y84.87 in FY23.
Gross profit from operations for Seven & i increased slightly to Y3.49tn in FY24 from Y3.41tn in the previous year.
The company’s domestic convenience store operations generated revenues of Y904.15bn and an operating income of Y233.55bn.
Overseas convenience store operations reported revenues of Y9.17tn with an operating income of Y216.25bn.
7-Eleven International is set to expand its operations into 30 countries and regions, encompassing markets such as Japan and North America, with a strategic timeline targeting the close of the fiscal year on 31 December 2030.
Over the fiscal, year, the Japanese market shows signs of gradual recovery from consumer caution due to persistent price increases, with expectations pinned on salary increments, heightened capital investment and growing demand from inbound tourism.
The North American market faces continued challenges due to uncertain trade policies affecting consumer spending.
Amidst these market conditions, Seven & i announced a comprehensive plan aimed at enhancing shareholder value on 6 March 2025.
As part of this strategic shift, the company appointed Stephen Hayes Dacus as president, representative director and CEO.
The company also plans to initiate a public offering for its North American branch of the 7-Eleven business by the second half of FY2026 and has entered into a definitive agreement to transfer its SST Business Group to Bain Capital.
Seven & i commits to returning a total of Y2tn recovered through both the initial public offering of 7-Eleven and the SST Business Group deconsolidation back to shareholders by FY30 via share repurchases.
The company expects revenues from operations to be Y10.76tn in FY25, and anticipates operating income of Y424bn.
Net income attributable to owners of parent company is anticipated to be Y255bn.
In February 2025 Seven & i disclosed that its founding Ito family failed to obtain the necessary financing to propose a management buyout valued at $58bn.
