Annuncio • May 09
Seven & i Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 09, 2026 Seven & i Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 09, 2026 Annuncio • Apr 09
Seven & i Holdings Co., Ltd., Annual General Meeting, May 27, 2026 Seven & i Holdings Co., Ltd., Annual General Meeting, May 27, 2026. Annuncio • Apr 02
Seven & i Holdings Co., Ltd. to Report Fiscal Year 2026 Results on Apr 09, 2026 Seven & i Holdings Co., Ltd. announced that they will report fiscal year 2026 results on Apr 09, 2026 Annuncio • Jan 08
Seven & I Holdings Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 Seven & i Holdings Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 28, 2026. For the year, the company now expects revenues from operations of JPY 10,560,000 million, operating income of JPY 404,000 million, net income attributable to owners of parent of JPY 270,000 million and net income per share of JPY 109.57 against previous guidance of revenues from operations of JPY 10,560,000 million, operating income of JPY 404,000 million, net income attributable to owners of parent of JPY 265,000 million and net income per share of JPY 107.66. Annuncio • Nov 21
Seven & i Holdings Co., Ltd. to Report Q3, 2026 Results on Jan 08, 2026 Seven & i Holdings Co., Ltd. announced that they will report Q3, 2026 results on Jan 08, 2026 Annuncio • Sep 01
Bain Capital Private Equity, LP and Seven & i Holdings Co., Ltd. (TSE:3382) completed the acquisition of YORK Holdings Co., Ltd from Seven & i Holdings Co., Ltd. (TSE:3382). Bain Capital Private Equity, LP and Seven & i Holdings Co., Ltd. (TSE:3382) agreed to acquire YORK Holdings Co., Ltd from Seven & i Holdings Co., Ltd. (TSE:3382) for ¥810 billion on March 6, 2025. The acquisition includes YORK Holdings Co., Ltd, along with its supermarket and specialty store businesses (“SST Business Group”). Bain Capital has also agreed with Seven & i Holdings regarding the absorption-type split and the implementation of a partial reinvestment from Seven & i Holdings. Seven & I and the founding family will reinvesting in the company, resulting in Seven & I's shareholding to be 35.07%.
As of July 1, 2025, at a meeting of Board of Directors, YORK Holdings Co., Ltd approved execution of the absorption-type split agreement related to the Absorption-type Split, and entered into the Absorption-type Split Agreement. The transaction is expected to close in September, 2025.
On this transaction, Bain Capital's financial advisors include BNP Paribas (as the lead), along with Citigroup Global Markets Japan Inc., and Mizuho Securities Co., Ltd. Legal advisors include Anderson Mori & Tomotsune and Ropes & Gray LLP.
Bain Capital Private Equity, LP and Seven & i Holdings Co., Ltd. (TSE:3382) completed the acquisition of YORK Holdings Co., Ltd from Seven & i Holdings Co., Ltd. (TSE:3382) on September 1, 2025. The Company announces that the procedures for the Absorption-type Split were completed, as scheduled. According to K.K. BCJ-96 (SPC (2)), in accordance with the completion of the procedures for the Absorption-type Split, SPC (2) changed its trade name to “YORK Holdings Co., Ltd. Annuncio • Jul 17
Alimentation Couche-Tard Inc. (TSX:ATD) cancelled the acquisition of Seven & i Holdings Co., Ltd. (TSE:3382) for ¥6.7 trillion. Alimentation Couche-Tard Inc. (TSX:ATD) proposed to acquire Seven & i Holdings Co., Ltd. (TSE:3382) for ¥5.6 trillion on August 19, 2024. A cash consideration will be paid by Alimentation Couche-Tard Inc.
The Board of Directors of Seven & i Holdings Co., Ltd. formed a special committee for the transaction. 7&i Board has unanimously concluded, based on the unanimous recommendation of the Special Committee, that the proposal is not in the best interest of 7&i shareholders and other stakeholders. As of January 24, 2025, Alimentation Couche-Tard submitted non-binding proposal. The revised proposal subject to approval of the Board of Directors and Special Committee of 7&I, obtaining the necessary regulatory clearances and approvals including without limitation antitrust clearances and clearances under the Foreign Exchange and Foreign Trade Act of Japan and other applicable foreign direct investment regulations, completion of due diligence reasonably satisfactory to Couche-Tard, entering into with 7&i definitive agreement, securing committed financing for the entire purchase price, there being no events or circumstances constituting or likely to give rise to a material adverse effect on 7&I or general economic or market conditions and Couche-Tard not being aware of any facts or circumstances that are likely to constitute (a) unpublicized material facts with respect to 7&i (as defined in Article 166, Paragraph 2, of the Financial Instruments and Exchange Act) or (b) unpublicized facts concerning a tender offer, etc. (as defined in Article 167, Paragraph 3, of the Financial Instruments and Exchange Act) with respect to shares of 7&i.
As of April 30, 2025, Alimentation Couche-Tard has signed a non-disclosure agreement with Seven & i Holdings Co., Ltd. to progress transaction discussions, facilitate due diligence, and collaborate on plans to engage with regulators.
Alimentation Couche-Tard Inc. (TSX:ATD) cancelled the acquisition of Seven & i Holdings Co., Ltd. (TSE:3382) for ¥6.7 trillion on July 16, 2025. Annuncio • Jul 12
Seven & i Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 09, 2025 Seven & i Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 09, 2025 Annuncio • Jul 10
Seven & I Holdings Co., Ltd. Provides Earnings Guidance for the Interim Period and Full Year of Fiscal Year Ending February 28, 2026 Seven & i Holdings Co., Ltd. provided earnings guidance for the interim period and full year of fiscal year ending February 28, 2026. For the interim period, the company expected revenues from operations of JPY 5,785,000 million, operating income of JPY 197,000 million, net income attributable to owners of parent of JPY 98,000 million and net income per share of JPY 38.46.
For the full year, the company expected revenues from operations of JPY 10,722,000 million, operating income of JPY 424,000 million, net income attributable to owners of parent of JPY 255,000 million and net income per share of JPY 102.92. Annuncio • May 20
Seven & i Holdings Reportedly Plans to Sell Partial Stake in Seven Bank to Itochu Seven & i Holdings Co., Ltd. (TSE:3382) planned to sell a partial stake in Seven Bank, Ltd. (TSE:8410) to trading house ITOCHU Corporation (TSE:8001), with an announcement expected as early as May 30, 2025 the Nikkei business reported. Seven & i will initially discuss with Itochu the transfer of a stake of about 10% in Seven Bank, worth about JPY 30 billion ($208 million), held by its group's supermarket operators Ito-Yokado and York Benimaru, the Nikkei reported. Seven & i is aiming to focus on its core convenience store business as it faces a takeover proposal from Canada's Alimentation Couche-Tard (ATD.TO). Seven Bank shares rose more than 8% following the report. A Seven & i spokesperson said he could not immediately comment. Details such as the size of the stake and price are to be announced in June, according to the Nikkei. Annuncio • Apr 24
Seven & i Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 10, 2025 Seven & i Holdings Co., Ltd. announced that they will report Q1, 2026 results at 3:00 PM, Tokyo Standard Time on Jul 10, 2025 Annuncio • Mar 25
Seven & i Says Couche-Tard Understates Antitrust Risk in Takeover Proposal On March 25, 2025, Seven & i Holdings Co. Ltd stated that Alimentation Couche-Tard Inc. is understating the antitrust risk related to its takeover offer for the company and the proposal is a transformational cross-border acquisition involving significant regulatory hurdles unlike other deals done by the Quebec-based convenience store operator. In addition, the Company stating that it is working with Couche-Tard to evaluate potential divestitures to increase the likelihood of satisfying U.S. antitrust regulators and any potential court challenge, and it says it will not enter into a transaction with no clear path to closing that could leave the company in a value destructive limbo for multiple years. Further, the Company stated that it received a revised non-binding proposal from Couche-Tard that media reports suggested were valued at US$47 billion, about 22 per cent higher than an offer it made in August. Annuncio • Mar 13
Couche-Tard Disappoints with Seven & i Takeover Talks Alimentation Couche-Tard Inc. (TSX:ATD) on 10 March 2025 expressed its dissatisfaction as Seven & i Holdings Co., Ltd. (TSE:3382) is prioritizing avoiding possible U.S. antitrust law breaches over the major Canadian convenience store chain's proposal to buy the Japanese retailer. Alimentation Couche-Tard said in a statement that it is "disappointed" that the negotiations over the proposed takeover deal are "focused only on the path to U.S. regulatory approval." "We look forward to fulsome engagement with Seven & i so that we can reach definitive terms and move forward with a transaction that is in the best interest of all stakeholders," the statement said. Seven & i is concerned that the integration of the company, which has the largest share in the U.S. convenience store market, and Alimentation Couche-Tard, which has the second-largest share, may violate the antimonopoly law. The companies had agreed to engage in preliminary talks to sell off Alimentation Couche-Tard's U.S. outlets in a bid to address the concerns. In the statement, Alimentation Couche-Tard said it was dissatisfied with Seven & i's proposal to sell its stores in the United States and that "an unusual process request" would add incremental time to the discussions between the two companies. Still, Alimentation Couche-Tard said, "We firmly believe there is a clear path to regulatory approval" in the United States. Annuncio • Mar 07
Seven & i Holdings Co., Ltd. Announces CEO Changes Seven & i Holdings Co., Ltd. announced Stephen Hayes Dacus, currently Chairman of the Board as the Lead Independent Outside Director, will succeed Ryuichi Isaka as President & Representative Director and CEO. The appointment will be effective after the Group's Annual General Meeting. Mr. Isaka will continue to serve as a Senior Advisor to the Group. Mr. Dacus has been a member of the Board since May 2022 and was appointed Chairman and Lead Independent Outside Director in April 2024. During his tenure he has had an integral role in overseeing the Group's value creation strategy as Chairman of the Strategy Committee and Chairman of the Special Committee. Mr. Dacus is a fluent Japanese speaker with significant executive, financial, and operational experience working with consumer & retail companies in Japan and globally. Annuncio • Mar 06
Seven & i Holdings Co., Ltd. Announces Management Changes Seven & i Holdings Co., Ltd. announced Stephen Hayes Dacus, currently Chairman of the Board as the Lead Independent Outside Director, will succeed Ryuichi Isaka as President & Representative Director and CEO. The appointment will be effective after the Group's Annual General Meeting. Mr. Isaka will continue to serve as a Senior Advisor to the Group. Mr. Dacus has been a member of the Board since May 2022 and was appointed Chairman and Lead Independent Outside Director in April 2024. During his tenure he has had an integral role in overseeing the Group's value creation strategy as Chairman of the Strategy Committee and Chairman of the Special Committee. Mr. Dacus is a fluent Japanese speaker with significant executive, financial, and operational experience working with consumer & retail companies in Japan and globally. Annuncio • Feb 27
Junro Ito cancelled the acquisition of Seven & i Holdings Co., Ltd. (TSE:3382). Junro Ito made a non-binding proposal to acquire Seven & i Holdings Co., Ltd. (TSE:3382) on November 13, 2024. A cash consideration will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Seven & i Holdings Co., Ltd. The deal is rumored to be valued over ¥9 trillion.
The independent and outside directors of Seven & i Holdings Co., Ltd. formed a special committee for the transaction. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Seven & i Holdings Co., Ltd.
Junro Ito cancelled the acquisition of Seven & i Holdings Co., Ltd. (TSE:3382) on February 27, 2025. Junro Ito has been unable to secure the financing required to submit a definitive proposal to acquire 7&i. As a result, there is no actionable proposal from Junro Ito for 7&i to consider at this time. Annuncio • Feb 23
Bain Reportedly Seen as Preferred Bidder for Seven & i Supermarket Biz Seven & i Holdings Co., Ltd. (TSE:3382) plans to select U.S. investment fund Bain Capital as the preferred bidder for a stake in an intermediate company that runs the retail group's supermarket and other operations, it was learned on 22 February 2025. Bain Capital is believed to have offered more than JPY 700 billion for the corporate value of York Holdings Co., which owns supermarket chain Ito-Yokado and other units. Seven & i is expected to enter into final negotiations with Bain Capital on the investment ratio and other matters, informed sources said. Bain Capital and two other companies passed the first round of bidding for York. The two others are U.S. investment fund KKR & Co. Inc. (NYSE:KKR) and Japan Industrial Partners, Inc. Seven & i held an extraordinary board meeting by 22 February 2025, deciding to pick Bain Capital as the preferred bidder after examining York's corporate values and growth strategies presented. Seven & i plans to sell a majority stake in York by February 2026 in order to focus on its management resources on its convenience store business. Annuncio • Jan 29
Seven & i Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Apr 09, 2025 Seven & i Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Apr 09, 2025 Annuncio • Jan 10
Apollo Global Reportedly Considers $9.5 Billion Stake in Seven & i Apollo Global Management, Inc. (NYSE:APO) is considering taking a substantial stake in a bid by Seven & i Holdings Co., Ltd. (TSE:3382)'s founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said. The US private equity giant is discussing a commitment of as much as ¥1.5 trillion ($9.5 billion) for an equity stake in the plan, said the people, who asked not to be identified as the information isn’t public. Annuncio • Dec 26
KKR and Bain Capital Each Bid over $5 Billion for Seven & i's York Holdings Spin-Off Private equity firms KKR & Co. Inc. (NYSE:KKR) and Bain Capital, LP each offered more than $5 billion in first-round bids for the non-core assets of Japan's Seven & i Holdings Co., Ltd. (TSE:3382), according to people familiar with the matter. KKR offered around JPY 800 billion ($5.1 billion) for York Holdings, an entity due to be spun out of the Japanese retailer, two of the people said. Rival U.S. firm Bain offered around JPY 1.2 trillion, one person said. Local buyout firm Japan Industrial Partners (Japan Industrial Partners, Inc.) offered around JPY 750 billion, one said. All three firms were successful in the first round of bids for the assets, according to two of the people. Reuters spoke to three people about the first-round bids, all of whom declined to be identified because the information hasn't been made public. The size of the bids has not previously been reported. The bids exceed the JPY 500 billion enterprise value - a measure that includes debt - that the 7-Eleven owner had expected, according to one of the people. A spokesperson for Seven & i declined to comment, saying the bidding process was not public. KKR, Bain and Japan Industrial Partners also declined to comment. Seven & i is looking to hive off non-core businesses, including its sprawling supermarket operations, into the York Holdings unit, which will house 31 subsidiaries including the group's superstores business, baby goods store Akachan Honpo and the company that operates Denny's restaurants in Japan. The three private equity firms will now submit legally binding proposals but may alter their offers following due diligence, two of the people said. Unsuccessful bidders from the first round could still enter negotiations if the three fail to reach an agreement with Seven & i, two of the people said. Seven & i is aiming to select the winning bid as early as February, one person said. The decision would then be finalised by the spring, another person said. The founding family has also approached Bain and KKR about mezzanine funding for the management buyout, two of the people said. Annuncio • Nov 13
Junro Ito made a non-binding proposal to acquire Seven & i Holdings Co., Ltd. (TSE:3382) Junro Ito made a non-binding proposal to acquire Seven & i Holdings Co., Ltd. (TSE:3382) on November 13, 2024. A cash consideration will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Seven & i Holdings Co., Ltd. The deal is rumored to be valued over ¥9 trillion.
The independent and outside directors of Seven & i Holdings Co., Ltd. formed a special committee for the transaction. Annuncio • Oct 11
Seven & i Holdings Co., Ltd. to Report Q3, 2025 Results on Jan 09, 2025 Seven & i Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jan 09, 2025 Annuncio • Oct 10
Seven & I Holdings Co., Ltd. Revises Earnings Guidance for the Year Ending February 28, 2025 Seven & i Holdings Co., Ltd. revised earnings guidance for the year ending February 28, 2025. For the year, the company revised revenues from operations of JPY 11,879,000 Million compared to previous forecast of JPY 11,246,000 Million. Operating income of JPY 403,000 Million compared to previous forecast of JPY 545,000 Million. Net income attributable to owners of parent of JPY 163,000 Million or JPY 62.74 per share compared to previous forecast of JPY 293,000 Million or JPY 112.80 per share. Group's total sales of JPY 18,993,000 Million. Reasons for difference and division: The North American economy remained robust overall in the six months ended August 31, 2024, despite a persistently inflationary and elevated interest rate. There was a more prudent approach to consumption, in particular among middle- and low-income earners. In this environment, 7-Eleven Inc., a subsidiary of the Company that operates Overseas convenience store operations, experienced a decline in the number of customers compared to the forecast, which resulted in a decrease in merchandise sales and gross profit. In addition, as a result of the withdrawal of subsidiary Ito-Yokado Online Supermarket Co., Ltd. from the business, The company has incurred a special loss of 45,877 million yen in the six months ended August 31, 2024, which the company has recorded as a loss on business of subsidiaries and associates. As a result of these factors, operating income, ordinary income, and net income attributable to owners of the parent were in fact lower than forecasts. Annuncio • Oct 04
Seven & i Holdings Reportedly to Begin Majority Stake Sale in Supermarkets by Year-End Seven & i Holdings Co., Ltd. (TSE:3382), owner of the 7-Eleven convenience store chain, will begin the process of selling off its supermarket business, including Ito-Yokado, by the end of the year, Nikkei has learned. According to people familiar with the matter, Seven & i plans to begin accepting bids before the end of the year to sell a majority stake in an intermediate holding company for the Japanese retail group's general merchandising chains, including Ito-Yokado and York-Benimaru. Seven & i announced in April that it had decided to pursue an initial public offering for the supermarket business after improving the profitability of the division by the fiscal year ending February 2026. The company will bring forward the sale of its shares, making clear its intention to focus on its convenience store business. Potential buyers include overseas investment funds. Seven & i will also continue to hold a minority stake in the supermarket operation. Annuncio • Sep 11
Alimentation Couche-Tard to Make Another Buyout Offer for Seven & i Canadian convenience store operator Alimentation Couche-Tard Inc. (TSX:ATD) on September 8, 2024, signaled its intention to submit another proposal to acquire Japanese retail giant Seven & i Holdings Co. Ltd. (TSE:3382).
Alimentation Couche-Tard, whose initial buyout offer was rebuffed by the Japanese firm, said that the two sides would jointly consider possible divestitures of operations if such a move is necessary to secure regulatory approvals on the acquisition. "We stand by prepared to enter into collaborative and friendly discussions", the Canadian company said in a statement. It argued that the proposed buyout deal can overcome obstacles regarding U.S. antitrust regulations, after Seven & i expressed worries about the matter as both firms operate convenience stores in the U.S. market. Seven & i has sent a letter to Alimentation Couche-Tard stating that the initial acquisition proposal, valued at about JPY 6 trillion, significantly underestimates its corporate value. Annuncio • Sep 02
Artisan Partners Pressures Seven & i Holdings to Engage with Alimentation Couche-Tard on Acquisition Bid by September 19 On August 30, 2024, Artisan Partners Asset Management ramped up its pressure on Japan's Seven & i Holdings by urging the board to provide an update on a takeover bid from Canada's Alimentation Couche-Tard (ACT) by September 19. Artisan portfolio managers N. David Samra and Benjamin L. Herrick, in a letter sent to journalists, recommended that Seven & i, which operates the 7-Eleven convenience store chain, seriously consider ACT's offer and quickly solicit bids for its Japanese subsidiaries. They emphasized that ACT is uniquely positioned to enhance Seven & i's corporate value and negotiating with ACT would yield positive stakeholder outcomes. Artisan, a shareholder since 2019 and a vocal critic of Seven & i's management, stressed the urgency for the board to engage with ACT immediately to achieve the best outcome for shareholders. This development follows ACT's recent approach to Seven & i regarding a potential acquisition, which could become the largest-ever overseas buyout of a Japanese firm. Annuncio • Aug 19
Alimentation Couche-Tard Inc. (TSX:ATD) proposed to acquire Seven & i Holdings Co., Ltd. (TSE:3382). Alimentation Couche-Tard Inc. (TSX:ATD) proposed to acquire Seven & i Holdings Co., Ltd. (TSE:3382) on August 19, 2024. A cash consideration will be paid by Alimentation Couche-Tard Inc. As part of consideration, an undisclosed value is paid towards None of Seven & i Holdings Co., Ltd.
The Board of Directors of Seven & i Holdings Co., Ltd. formed a special committee for the transaction. Annuncio • Jul 14
Seven & i Holdings Co., Ltd. to Report Q2, 2025 Results on Oct 10, 2024 Seven & i Holdings Co., Ltd. announced that they will report Q2, 2025 results on Oct 10, 2024 Annuncio • Jul 04
Ain Holdings Inc. (TSE:9627) agreed to acquire Francfranc Corporation from Seven & i Holdings Co., Ltd. (TSE:3382), Japan Growth Investments Alliance, Inc. and BLUE WEDGE LIMITED for ¥49.98 billion. Ain Holdings Inc. (TSE:9627) agreed to acquire Francfranc Corporation from Seven & i Holdings Co., Ltd. (TSE:3382), Japan Growth Investments Alliance, Inc. and BLUE WEDGE LIMITED for ¥49.98 billion on July 3, 2024. As part of acquisition, 47,987 shares will be acquired. Ain Holdings board approved the deal. The transaction is expected to complete on August 20, 2024. Annuncio • Apr 12
Seven & i Holdings Co., Ltd. to Report Q1, 2025 Results on Jul 11, 2024 Seven & i Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jul 11, 2024 Annuncio • Jan 31
Seven & i Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2024 Seven & i Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2024 Annuncio • Dec 02
Seven & i Holdings Co., Ltd. (TSE:3382) announces an Equity Buyback for 25,000,000 shares, representing 2.83% for ¥110,000 million. Seven & i Holdings Co., Ltd. (TSE:3382) announces a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares, representing 2.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥110,000 million. The purpose of the program is to maintain financial soundness and investment flexibility for the growth of our group in the future. The plan will be valid till May 31, 2024. As of August 31, 2023, the company had 884,604,713 issued shares (excluding treasury stock) and had 1,837,270 treasury shares.
After the effective date of the share split (on March 1, 2024), the total number of shares that can be acquired will be 75,000,000 shares. Annuncio • Oct 14
Seven & i Holdings Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024 Seven & i Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024 Annuncio • Sep 03
Seven & I Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended August 31, 2023 and Fiscal Year Ending February 29, 2024 Seven & i Holdings Co., Ltd. provided consolidated earnings guidance for the Six Months Ended August 31, 2023 and Fiscal Year Ending February 29, 2024. For the period, the company expects Revenues from Operations of JPY 5,538,000 million against previous guidance of JPY 5,553,000 million, operating Income of JPY 235,000 million against previous guidance of JPY 236,000 million, net income attributable to owners of parent of JPY 73,000 million against previous guidance of JPY 138,000 million and net income per share of JPY 82.65 previous guidance of JPY 156.24. For the year, the company expects Revenues from Operations of JPY 11,527,000 million against previous guidance of JPY 11,154,000 million, operating income of JPY 525,000 million against previous guidance of JPY 513,000 million, net income attributable to owners of parent of JPY 230,000 million against previous guidance of JPY 285,000 million and net income per share of JPY 260.40 previous guidance of JPY 322.67. Annuncio • Sep 01
Seven & i Holdings Co. Votes to Sell its Department Store Unit, Sogo & Seibu Co The board of Seven & i Holdings Co., Ltd. (TSE:3382) on 31 August 2023 voted to sell its department store unit, Sogo & Seibu Co., Ltd., to U.S. private equity firm Fortress Investment Group LLC on September 1, 2023 in a bid to focus on its mainstay convenience store business. At an extraordinary meeting, the Japanese retail giant's board directors also decided to forgive about JPY 91.6 billion of some JPY 165.9 billion in debt owed by Sogo & Seibu. The same day, the Sogo & Seibu labor union went on strike at the Seibu Ikebukuro store in Tokyo's Toshima Ward, the first walkout in 61 years at a department store in the country. Due to the action, the outlet was closed for the whole day. The parent company said it will take steps to maintain employment if the sale creates excess employees, including accepting such workers at its group companies. But the union still fears that its members may lose jobs. According to Seven & i, the sale price will be fixed based on Sogo & Seibu's corporate value of about JPY 220 billion and will be announced after the share transfer on September 1, 2023. Annuncio • Aug 24
Seven & i Holdings Expects to Sell Sogo & Seibu for JPY 220 Billion Seven & i Holdings Co., Ltd. (TSE:3382) plans to hold an extraordinary board meeting as early as August 25, 2023 to make its final decision on the sale of department store unit Sogo & Seibu Co., sources said on August 23, 2023. At the meeting, Seven & i will discuss its plan to sell Sogo & Seibu Co., Ltd. to U.S. fund Fortress Investment Group LLC for more than JPY 200 billion Sept. 1. Sogo & Seibu's labor union opposes the plan, fearing a job reduction. The union is set to go on strike from as early as the start of next week if the sale is decided. In addition, some overseas luxury brand shops operating in Sogo & Seibu outlets are said to have expressed their intention to withdraw, raising concerns about the future of the department store operations. Annuncio • Jul 15
Seven & i Holdings Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 Seven & i Holdings Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 Annuncio • May 26
Seven & I Holdings Co., Ltd. Appoints Shinji Wada to Board Seven & i Holdings Co., Ltd. announced that 18th Annual Shareholders' Meeting held on May 25, 2023 approved appointment of Shinji Wada to board. Annuncio • Jan 31
Seven & i Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Apr 06, 2023 Seven & i Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Apr 06, 2023 Annuncio • Nov 03
Seven & i Holdings Co., Ltd. to Report Q3, 2023 Results on Jan 12, 2023 Seven & i Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jan 12, 2023