Seven & i Holdings (3382) Q3 2026 earnings summary

Executive summary

• Third quarter of fiscal year 2025 saw decreased revenues but significant profit and EPS growth, with net income attributable to owners of parent rising 311.9% year-over-year to ¥198.4 billion, driven by special gains, restructuring benefits, and ongoing share repurchases.

• The company executed a major strategic shift, divesting superstore and financial services subsidiaries, and focusing on global convenience store operations.

• Domestic convenience store operations returned to profit growth in Q3, while overseas operations faced headwinds from gasoline market conditions and lower fuel prices.

• The company revised its full-year forecast upward, projecting net income of ¥270.0 billion and EPS of ¥109.57.

Financial highlights

• Revenues from operations were ¥8,050.9 billion, down 11.2% year-over-year, mainly due to deconsolidation of York HD and Seven Bank and lower overseas fuel prices.

• Operating income reached ¥325.0 billion, up 3.1% year-over-year, and exceeded the revised plan.

• Net income attributable to owners of parent was ¥198.4 billion, 311.9% year-over-year, and 106.6% of the revised plan.

• EPS grew 323.8% year-over-year, supported by share buybacks and profit growth.

• Special losses dropped significantly to ¥54.7 billion from ¥178.9 billion year-over-year, boosting net income.

Outlook and guidance

• Full-year net income forecast revised upward to ¥270.0 billion, with EPS forecast raised to ¥109.57 per share, reflecting 164.5% year-on-year growth.

• Operating income forecast for the full year remains at ¥404.0 billion.

• EPS before goodwill amortization is projected at ¥151.87, and run rate EPS at ¥116.7 per share.

• No change in exchange rate assumptions (1 USD = ¥148.00).

• Fiscal year 2026 will be the first full year as a pure convenience store group, with further initiatives planned.