SEVEN & I HOLDINGS CO., LTD. July 1, 2021
Company Name: Seven & i Holdings Co., Ltd. Representative: lRyuichi Isaka,
President & Representative Director (Code No. 3382/First Section of the Tokyo Stock Exchange)
Notice Regarding Financial Results and Dividends Forecast
We hereby announce our financial results and dividends forecasts for the fiscal year ending February 28, 2022 that were yet to be determined when our "Consolidated Financial Results for the Fiscal Year Ended February 28, 2021" was released on April 8, 2021.
1. Financial results forecast
Consolidated Financial Results Forecast for the Six Months Ending August 31, 2021 (From March 1, 2021 to August 31, 2021)
(Millions of yen) | |||||
Revenues from | Operating | Ordinary | Net Income | Net Income per | |
Attributable to | |||||
Operations | Income | Income | Share (yen) | ||
Owners of Parent | |||||
Previous forecast (A) | ― | ― | ― | ― | ― |
New forecast (B) | 3,516,000 | 184,000 | 167,000 | 90,000 | 101.93 |
Change (B-A) | ― | ― | ― | ― | ― |
Percentage change (%) | ― | ― | ― | ― | ― |
[Reference] | |||||
Results for the six months | 2,788,408 | 179,738 | 175,241 | 72,519 | 82.14 |
ended August 31, 2020 |
Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2022 (From March 1, 2021 to February 28, 2022)
(Millions of yen) | |||||
Revenues from | Operating | Ordinary | Net Income | Net Income per | |
Attributable to | |||||
Operations | Income | Income | Share (yen) | ||
Owners of Parent | |||||
Previous forecast (A) | ― | ― | ― | ― | ― |
New forecast (B) | 8,038,000 | 380,000 | 343,500 | 190,000 | 215.18 |
Change (B-A) | ― | ― | ― | ― | ― |
Percentage change (%) | ― | ― | ― | ― | ― |
[Reference] | |||||
Result for the fiscal year | 5,766,718 | 366,329 | 357,364 | 179,262 | 203.03 |
ended February 28, 2021 | |||||
1 |
2. Dividends forecast
Dividends per Share (yen) | ||||||
First | Second | Third | Year-end | Annual | ||
Quarter | Quarter | Quarter | ||||
Previous forecast | ― | ― | ― | ― | ― | |
New forecast | ― | 48.00 | ― | 52.00 | 100.00 | |
Result for the fiscal year | ― | 47.50 | ― | 51.00 | 98.50 | |
ended February 28, 2021 | ||||||
3. Reasons for announcing consolidated financial results and dividends forecasts
With respect to the acquisition by 7-Eleven, Inc. of shares and other interests of in the convenience stores and
fuel retail businesses from U.S. Compnay Marathon Petroleum Corporation, previously we were unable to provide financial results and dividend forecasts because approval procedures of the U.S. Federal Trade Commission ("FTC") were taking longer than initially expected, making it difficult to make appropriate and rational performance forecasts. However, the vote to approve the proposed consent order by FTC confirms that all FTC antitrust concerns have been resolved. Therefore, we are pleased to announce our financial results and dividend forecasts, calculated based on information available at the present time.
- Statements related to financial results forecasts contained in this document are based on information currently available and certain assumptions considered to be reasonable. Actual results may differ significantly due to various factors.
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Financial Results Forecast for FY2022
July 1, 2021
Yoshimichi Maruyama
Director, General Manager of
the Corporate Finance & Accounting Division
Seven & i Holdings Co., Ltd.
Copyright (C) 2021 Seven & i Holdings Co., Ltd. All Rights Reserved. | 1 |
FY2022 Consolidated Financial Results Forecast
(Billions of yen, %) | |||||||||||
1H | 2H | Full Year | |||||||||
YOY/Variance | YOY/Variance | YOY/Variance | |||||||||
Group's total sales * | 6,275.0 | 115.7 | 7,274.0 | 129.3 | 13,549.0 | 122.7 | |||||
+853.8 | +1,650.2 | +2,504.1 | |||||||||
Revenues from operations | 3,516.0 | 126.1 | 4,522.0 | 151.8 | 8,038.0 | 139.4 | |||||
+727.5 | +1,543.6 | +2,271.2 | |||||||||
Operating income | 184.0 | 102.4 | 196.0 | 105.0 | 380.0 | 103.7 | |||||
+4.2 | +9.4 | +13.6 | |||||||||
Ordinary income | 167.0 | 95.3 | 176.5 | 96.9 | 343.5 | 96.1 | |||||
(8.2) | (5.6) | (13.8) | |||||||||
Net income attributable to | 90.0 | 124.1 | 100.0 | 93.7 | 190.0 | 106.0 | |||||
owners of parent | +17.4 | (6.7) | +10.7 | ||||||||
Net income per share (yen) | 101.93 | +19.79 | 113.25 | (7.64) | 215.18 | +12.15 | |||||
EBITDA | 337.4 | 109.3 | 400.9 | 126.0 | 738.3 | 117.8 | |||||
(Operating income + Depreciation and | +28.7 | +82.6 | +111.4 | ||||||||
amortization + Amortization of goodwill) | |||||||||||
* Group's total sales include the sales of Seven-Eleven Japan, Seven-Eleven Okinawa and 7-Eleven, Inc. franchisees. | |||||||||||
Exchange rate： 1USD＝ 107.00JPY, 1CNY＝ 16.00JPY | Seven & i Holdings Co., Ltd. All Rights Reserved. | 2 | |||||||||
Copyright (C) 2021 |
Change in Business Segments
〔Before〕 | Segment changes | After | 〔Major Operating Companies〕 | ||||||||
Transfer some of subsidiaries and affiliates 〔 | |||||||||||
〕 | |||||||||||
beyond business segment | |||||||||||
Domestic CVS operations | Domestic CVS operations | Seven-Eleven Japan | |||||||||
Seven-Eleven Okinawa | |||||||||||
Seven-Meal Service | |||||||||||
Overseas CVS operations | Overseas CVS operations | 7-Eleven, Inc. | |||||||||
SEVEN-ELEVEN HAWAII | |||||||||||
SEJ Asset Management & Investment | |||||||||||
SEVEN-ELEVEN (CHINA) INVESTMENT | |||||||||||
Superstore operations | Superstore operations | Ito-Yokado,York-Benimaru, York | |||||||||
SHELL GARDEN | |||||||||||
S-Will | ⇒ Peace Deli | ||||||||||
Department store operations | |||||||||||
Sogo & Seibu | |||||||||||
Department store & | Seven & i Asset Management | ||||||||||
Seven & i Food Systems | |||||||||||
Specialty store operations | Akachan Honpo | ||||||||||
Financial services | THE LOFT | ||||||||||
Nissen Holdings | |||||||||||
Specialty store operations | Financial services | Seven Bank | |||||||||
Seven Card Service | |||||||||||
Seven Financial Service | |||||||||||
Seven CS Card Service | |||||||||||
Others | |||||||||||
Others | Seven & i Net Media | ||||||||||
Seven & i Create Link | |||||||||||
3 | |||||||||||
Copyright (C) 2021 | |||||||||||
Seven & i Holdings Co., Ltd. All Rights Reserved. |
YOY Change by Business Segment
Revenues from operations | Operating income | ||||||||||||
(Billions of yen) | (Billions of yen) | ||||||||||||
5,766.7 | 366.3 | ||||||||||||
FY2021 | FY2021 | ||||||||||||
Domestic CVS | Domestic CVS | +11.8 | |||||||||||
+39.2 | |||||||||||||
Overseas CVS | +2,117.6 | Overseas CVS | +17.6 | ||||||||||
Supersore | Supersore | (5.8) | |||||||||||
+33.1 | |||||||||||||
Department & | Department & | +20.7 | |||||||||||
+83.3 | |||||||||||||
Speciality store | Speciality store | ||||||||||||
Financial Services | Financial Services | (14.9) | |||||||||||
+5.0 | |||||||||||||
Others | Others | +0.07 | |||||||||||
+2.6 | |||||||||||||
Eliminations/ | (9.7) | Eliminations/ | (15.8) | ||||||||||
Corporate | Corporate | ||||||||||||
FY2022 | 8,038.0 | FY2022 | 380.0 | ||||||||||
Copyright (C) 2021 Seven & i Holdings Co., Ltd. All Rights Reserved. | 4 |
FY2022 Forecast for Major Operating Companies
(Billions of yen, ％) | |||||||
Operating income | Existing store | Merchandise | |||||
GPM | |||||||
YOY | Variance | sales growth | |||||
variance | |||||||
Seven-Eleven Japan | 245.0 | 105.0 | +11.6 | +2.0 | +0.1 | ||
7-Eleven, Inc. | 179.2 | 150.3 | +59.9 | +4.5 | (0.4) | ||
[Millions of dollar] | [1,674] | [150.0] | [+558] | ||||
Ito-Yokado | 5.0 | 64.3 | (2.7) | +4.2 | (0.1) | ||
[incl. tenants] | |||||||
York-Benimaru | 18.4 | 89.7 | (2.1) | (2.0) | (0.3) | ||
〈Incl. Life Foods*〉 | |||||||
Sogo & Seibu | 0.5 | ‐ | +7.1 | +20.0 | +0.8 | ||
* Life Foods is a wholly owned subsidiary which produces and sells delicatessen in York- | Exchange rate： 1USD＝ 107.00JPY | ||||||
Benimaru stores. | |||||||
The combined operating income for York-Benimaru and Life Foods represents internal management reporting figures. | 5 | ||||||
Copyright (C) 2021 Seven & i Holdings Co., Ltd. All Rights Reserved. |
Shareholder Return
Trends in Dividends per Share
Interim dividends | Year-end dividends | 98.5 | 98.5 | 100 | ||||
100 | 90 | 90 | 95 | |||||
(Yen) | ||||||||
80 | 51 | 51 | 52 | |||||
45 | 45 | 47.5 | ||||||
60 | ||||||||
40 | ||||||||
20 | 45 | 45 | 47.5 | 47.5 | 47.5 | 48 | ||
0 | ||||||||
FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 (Forecast) | |||
Dividends
payout 82.3 43.9 41.4 39.9 48.5 46.5 ratio (%)
Copyright (C) 2021 Seven & i Holdings Co., Ltd. All Rights Reserved. | 6 |
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Seven & I Holdings Co. Ltd. published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 06:09:07 UTC.
