Seven & I Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Second Quarter Ending August 31, 2022, and the Full Year Ending February 28, 2023
July 07, 2022 at 02:00 am EDT
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Seven & i Holdings Co., Ltd. provided consolidated earnings guidance for the second quarter ending August 31, 2022, and the full year ending February 28, 2023. For the six months ending August 31, 2022, the company expects revenue from operations of ¥5,032,000 million, Operating income of ¥222,500 million and net income attributable to Owners of Parent of ¥123,000 million or ¥139.28 per share.
For the year ending February 28, 2023, the company expects revenue from operations of ¥10,413,000 million, Operating income of ¥445,000 million and net income attributable to Owners of Parent of ¥247,000 million or ¥279.68 per share.
Seven & i Holdings Co., Ltd. specializes in retailing. Net sales break down by type of stores as follows:
- convenience stores (58.4%): operated, at the end of February 2021, 31,586 stores (of which 21,702 located in Japan) under the Seven-Eleven name;
- supermarkets and specialized stores (32.8%): owned 1,339 stores primarily under the names Seven & i Food Systems (614), York-Benimaru (235), Ito-Yokado (132), The Loft (131), Akachan Honpo (117) and York (100) ;
- department stores (7.3%): owned 10 stores under the Sogo & Seibu name;
- other (0.1%).
The remaining sales (2.9%) are primarily from financial services and catering services.
Net sales break down geographically as follows: Japan (59.6%), North America (38.7%) and other (1.7%).
Seven & I Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Second Quarter Ending August 31, 2022, and the Full Year Ending February 28, 2023