Seven & i Holdings (3382) Q3 2025 earnings summary

Executive summary

• 2024 saw significant changes in the consumption environment, prompting adaptive strategies and structural reforms across all business segments.

• Strategic reorganization and streamlining of low-profit businesses and assets are on track for completion within FY2024, supporting profit growth in FY2025 and beyond.

• Confidence is growing in the effectiveness of these reforms for both short- and long-term value creation.

• The Group continued to implement its Medium-Term Management Plan, focusing on global growth strategies centered on the 7-Eleven business and technology utilization.

• Group structure optimization, including divestments and impairments, is progressing to maximize corporate and shareholder value.

Financial highlights

• Revenues from operations reached ¥9,069.6 billion for the nine months ended November 30, 2024, up 5.7% year-over-year and 99.7% of the revised plan.

• Operating income was ¥315.4 billion, 76.9% of the previous year, and 102.3% of the revised plan.

• Net profit was ¥63.6 billion, a 65.1% decline year-over-year, but 101% of the revised plan.

• Q3 YTD EBITDA was ¥743.8 billion, down ¥52.4 billion year-over-year.

• Special losses for Q3 YTD totaled ¥178.9 billion, mainly from impairment losses and restructuring expenses.

Outlook and guidance

• Full-year revenue forecast is ¥11,879.0 billion (+3.5%), with operating income of ¥403.0 billion (−24.6%) and net income attributable to owners of parent of ¥163.0 billion (−27.4%).

• Annual dividend forecast is ¥40.00 per share post-share split (¥120.00 pre-split basis).

• Strategic focus on profitability improvement and cost leadership in FY2025, with targeted OSG&A reduction and margin expansion.

• No change to previously announced forecasts.

• 2024 is seen as a turnaround year, with strong profit growth anticipated from 2025 onward.