Seven & i reports revenue uptick and profit dip in FY24

Japanese retail conglomerate Seven & one has disclosed full gross of Y11.97tn ($81.46bn) inthe fiscal 2024 (FY24) - a 4.4% emergence from the erstwhile year's Y11.47tn.

The group’s full income of Y18.44tn see the income of franchisees of Seven-Eleven Japan, Seven-Eleven Okinawa, 7-Eleven and 7-Eleven Stores.

The company’s operating income saw a diminution to Y420.99bn - a driblet of 21.2% from the preceding fiscal year's Y534.25bn.

Net income attributable to the genitor company's shareholders besides fell to Y173.07bn successful FY24, a alteration of 23% from FY23's Y224.62bn.

Diluted net per stock (EPS) stood astatine Y66.61 successful FY24, compared to Y84.87 successful FY23.

Gross nett from operations for Seven & one accrued somewhat to Y3.49tn successful FY24 from Y3.41tn successful the erstwhile year.

The company’s home 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 acceptable to grow its operations into 30 countries and regions, encompassing markets specified arsenic Japan and North America, with a strategical timeline targeting the adjacent of the fiscal twelvemonth connected 31 December 2030.

Over the fiscal, year, the Japanese marketplace shows signs of gradual betterment from user caution owed to persistent terms increases, with expectations pinned connected wage increments, heightened superior concern and increasing request from inbound tourism.

The North American marketplace faces continued challenges owed to uncertain commercialized policies affecting user spending.

Amidst these marketplace conditions, Seven & one announced a broad program aimed astatine enhancing shareholder worth connected 6 March 2025.

As portion of this strategical shift, the institution appointed Stephen Hayes Dacus arsenic president, typical manager and CEO.

The institution besides plans to initiate a nationalist offering for its North American subdivision of the 7-Eleven concern by the 2nd fractional of FY2026 and has entered into a definitive statement to transportation its SST Business Group to Bain Capital.

Seven & one commits to returning a full of Y2tn recovered done some the archetypal nationalist offering of 7-Eleven and the SST Business Group deconsolidation backmost to shareholders by FY30 via stock repurchases.

The institution expects revenues from operations to beryllium Y10.76tn successful FY25, and anticipates operating income of Y424bn.

Net income attributable to owners of genitor institution is anticipated to beryllium Y255bn.

In February 2025 Seven & one disclosed that its founding Ito household failed to get the indispensable financing to suggest a absorption buyout valued astatine $58bn.