Consolidated Financial Results for the Three Months ended May 31, 2017 Seven & i Holdings Co., Ltd.

Securities Code No. 3382 President: Ryuichi Isaka

(URL http://www.7andi.com/en)

July 6, 2017

The Company's shares are listed on the First Section of the Tokyo Stock Exchange. Submission date of quarterly securities report scheduled: July 14, 2017

Starting date of paying dividend: -

Preparation of brief summary materials for quarterly financial results: Yes Holding of quarterly financial results presentation: Yes

Note: All amounts less than one million yen have been disregarded.

  1. Business Results for the Three Months ended May 31, 2017 (from March 1, 2017 to May 31, 2017)

  2. Results of Operations (cumulative)

    (Millions of yen, except per share amounts)

    Revenues from Operations

    Operating Income

    Ordinary Income

    Three Months ended May 31, 2017

    1,468,086

    5.3%

    84,141

    3.3%

    83,616

    1.5%

    Three Months ended May 31, 2016

    1,394,749

    (3.2)%

    81,483

    (0.5)%

    82,385

    1.5%

    Net income Attributable to Owners of Parent

    Net Income per Share

    Diluted Net Income per Share

    Three Months ended May 31, 2017

    33,628

    (22.1)%

    38.02

    (yen)

    37.98

    (yen)

    Three Months ended May 31, 2016

    43,150

    2.2%

    48.80

    (yen)

    48.76

    (yen)

    Notes: 1. Comprehensive income:

    Three Months ended May 31, 2017: 19,784 million yen [22.5%]

    Three Months ended May 31, 2016: 16,147 million yen [(62.5)%]

    2. Percentages represent increase (decrease) from the corresponding period in the prior fiscal year.

    *Group's total sales include the sales of Sev n-Eleven Japan and 7-Eleven, Inc. fran hisees: Three Months ended May 31, 2017: 2,674,956 million yen [4.5%]

    Three Months ended May 31, 2016: 2,560,924 million yen [0.6%]

  3. Financial Position

    (Millions of yen, except per share amounts)

    Total Assets

    Net Assets

    Owners' Equity Ratio

    Owners' Equity per Share

    As of May 31, 2017

    As of February 28, 2017

    5,530,949

    5,508,888

    2,451,959

    2,475,806

    41.8%

    42.4%

    2,613.78 (yen)

    2,641.40 (yen)

    Note: Owners' equity (net assets excluding non-controlling interests and subscription rights to shares) :

    As of May 31, 2017: 2,311,919 million yen

    As of February 28,

    017: 2,336,057 million yen

  4. Dividends

    Dividends per Share (yen)

    Record Date

    First Quarter

    Second Quarter

    Third Quarter

    Year-end

    Annual

    Year ended February 28, 2017

    -

    45.00

    -

    45.00

    90.00

    Year ending February 28, 2018

    -

    Year ending February 28, 2018 (forecast)

    45.00

    -

    45.00

    90.00

    Note: Revision of dividends forecast during the current quarterly period: None

  5. Forecast of Business Results for the Fiscal Year ending February 28, 2018 (from March 1, 2017 to February 28, 2018)

    (Millions of yen, except per share amounts)

    Revenues from Operations

    Operating Income

    Ordinary Income

    Net income Attributable to Owners of Parent

    Net Income per Share

    Interim Period

    2,989,000

    4.3%

    190,800

    5.1%

    188,100

    3.0%

    95,800

    186.1%

    108.31

    (yen)

    Entire Year

    6,100,000

    4.5%

    386,500

    6.0%

    385,000

    5.7%

    177,000

    82.9%

    200.11

    (yen)

    Notes:

  6. Percentages represent increase (decrease) from the corresponding period in the prior fiscal year.

  7. Revision of business results forecast during the current quarterly period: None

  8. *The forecast of Group's total sales includes the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees: Interim Period: 5,530,000 million yen [4.7%]

    Entire Year: 11,150,000 million yen [5.0%]

  9. Others

  10. Changes in significant subsidiaries during the period:

    (changes in specific subsidiaries accompanying change in scope of consolidation): None Added: none Excluded: none

  11. Application of specific accounting for preparing the quarterly consolidated financial statements: None

  12. Changes in accounting policies, accounting estimates or restatements

  13. Changes due to amendment of accounting standards: None

  14. Changes due to other reasons: None

  15. Changes in accounting estimates: None

  16. Restatements: None

  17. Number of shares outstanding (common stock)

  18. Number of shares outstanding at the end of period (including treasury stock)

    As of May 31, 2017: 886,441,983 shares As of February 28, 2017: 886,441,983 shares

  19. Number of treasury stock at the end of period

    As of May 31, 2017: 1,929,349 shares As of February 28, 2017: 2,039,799 shares

  20. Average number of shares during the period (cumulative quarterly consolidated period)

    As of May 31, 2017: 884,495,504 shares As of May 31, 2016: 884,180,553 shares

  21. Supplementary information

  22. Application of implementation on recoverability of deferred tax assets

    The Company has applied the "Implementation Guidance on Recoverability of Deferred Tax Assets" ASBJ Guidance No.26 dated March 28,2016from the first quarter of the consolidated fiscal year under review.

    There is no impact on the consolidated financial statements from the application of the implementation guidance.

    NOTICE REGARDING QUARTERLY REVIEW PROCEDURES FOR THE QUARTERLY FINANCIAL RESULTS

    This quarterly financial results statement is exempt from the quarterly review procedures based upon the Financial Instruments and Exchange Act. At the time of disclosure of this quarterly financial results statement, the quarterly review procedure based upon the Financial Instruments and Exchange Act has not been completed.

    FORWARD LOOKING STATEMENTS

  23. The forecast for the year ending February 28, 2018 is based on Seven & i Holdings' hypotheses, plans and estimates at the date of publication. It is possible that some uncertain factors will cause the Company's future performance to differ significantly from the contents of the forecast.

  24. Brief summary for the first quarter of FY2018 will be posted on the Company's website (http://www.7andi.com/en/ir/library/kh/201802.html). The presentation materials related to financial results which will be used at the financial results presentation planned to be held on July 6, 2017, will be posted as soon as possible after the presentation.

  25. Attached Materials‌

    Contents

    Consolidated Quarterly Financial Statements

    (1) Consolidated Quarterly Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・2

    1. Consolidated Quarterly Statements of Income

      and Consolidated Quarterly Statements of Comprehensive Income ・・・・・・・・・・・・・・・・・・・・・・・・4

    2. Consolidated Quarterly Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・6 (4) Doubts on the Premise of Going Concern ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・8

    3. (5) Notes to Consolidated Quarterly Statements of Income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・8 (6) Segment Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・8

      (7) Notes on Significant Changes in the Amount of Shareholders' Equity ・・・・・・・・・・・・・・・・・・・・・・9

    4. Consolidated Quarterly Financial Statements
    5. (1) Consolidated Quarterly Balance Sheets

      (Millions of yen)

      February 28, 2017

      May 31, 2017

      Amount

      Amount

      ASSETS

      Current assets

      2,274,403

      2,354,739

      Cash and bank deposits

      1,222,101

      1,284,056

      Notes and accounts receivable - trade

      347,838

      358,170

      Trade accounts receivable - financial services

      91,052

      92,933

      Merchandise and finished goods

      189,193

      185,131

      Work in process

      31

      20

      Raw materials and supplies

      3,238

      3,578

      Prepaid expenses

      49,113

      54,909

      ATM-related temporary payments

      98,710

      86,618

      Deferred income taxes

      30,239

      29,163

      Other

      247,866

      265,751

      Allowance for doubtful accounts

      (4,983)

      (5,594)

      Non-current assets

      3,234,485

      3,176,210

      Property and equipment

      2,007,829

      1,972,688

      Buildings and structures, net

      865,439

      860,801

      Furniture, fixtures and equipment, net

      311,762

      307,109

      Land

      768,926

      747,175

      Lease assets, net

      12,735

      11,318

      Construction in progress

      48,677

      44,816

      Other, net

      288

      1,467

      Intangible assets

      495,935

      479,158

      Goodwill

      270,055

      256,342

      Software

      72,416

      72,168

      Other

      153,463

      150,647

      Investments and other assets

      730,720

      724,363

      Investments in securities

      188,162

      183,574

      Long-term loans receivable

      15,315

      15,128

      Long-term leasehold deposits

      396,707

      393,032

      Advances for store construction

      389

      249

      Net defined benefit asset

      44,628

      45,844

      Deferred income taxes

      25,261

      27,676

      Other

      64,064

      62,565

      Allowance for doubtful accounts

      (3,808)

      (3,709)

      TOTAL ASSETS

      5,508,888

      5,530,949

    Seven & I Holdings Co. Ltd. published this content on 06 July 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 06 July 2017 11:00:09 UTC.

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