Newscasts - Japan's Seven & i posts stronger profit boosted by overseas stores

Seven & I Holdings Co

10/07/2025 10:28

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Source: 'Reuters - Business videos'

Description: Japan's Seven & i Holdings said on Thursday operating profit rose 9.7%% in the March to May quarter, beating analyst estimates, boosted by stronger performance at its overseas convenience stores. Francis Maguire reports.

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Video Transcript:

Japan's Seven & i Holdings had a positive update for investors Thursday as it beat analyst projections. The 7-Eleven owner said operating profit rose 9.7% in the March to May quarter to more than $445 million. The firm was boosted by stronger performance at its overseas convenience stores, although profit fell at its domestic convenience stores business. While overall net profit was boosted by the sale of store assets by retailer Ito-Yokado. Seven & i has been under pressure to improve its business performance. That as it faces a $47 billion takeover proposal from Canada's Alimentation Couche-Tard. Seven & i previously announced a share buyback. It is also selling off non-core assets and plans to list its North American convenience store business. Company shares closed down 1.6% ahead of its earnings and have fallen 13% year-to-date. Looking ahead, the retailer held its earnings forecast.