January 13, 2022 | |
Consolidated Financial Results | |
for the Nine Months Ended November 30, 2021 | |
Seven & i Holdings Co., Ltd. | (URL https://www.7andi.com/en) |
Securities Code No. 3382
President: Ryuichi Isaka
The Company's shares are listed on the First Section of the Tokyo Stock Exchange.
Submission date of quarterly securities report scheduled: January 13, 2022
Starting date of paying dividend: -
Preparation of brief summary materials for quarterly financial results: Yes
Holding of quarterly financial results presentation: Yes
(Notes) 1. Percentages represent increase (decrease) from the corresponding period in the prior fiscal year.
2. All amounts less than one million yen have been truncated.
1. Business Results for the Nine Months Ended November 30, 2021 (From March 1, 2021 to November 30, 2021)
(1) Results of Operations (Cumulative) | (Millions of yen) | |||||
Revenues from Operations | Operating Income | Ordinary Income | ||||
Nine Months Ended November 30, 2021 | 6,149,472 | 43.8% | 302,927 | 6.1% | 282,145 | 2.1% |
Nine Months Ended November 30, 2020 | 4,276,808 | (14.0)% | 285,632 | (10.5)% | 276,266 | (12.3)% |
Net Income Attributable | Net Income per Share | Diluted Net Income | ||||
to Owners of Parent | per Share | |||||
Nine Months Ended November 30, 2021 | 174,877 | 33.5% | 198.04 | (yen) | 198.04 | (yen) |
Nine Months Ended November 30, 2020 | 130,987 | (22.9)% | 148.36 | (yen) | 148.35 | (yen) |
(Note) Comprehensive income:
Nine Months Ended November 30, 2021: 326,075 million yen [170.4%]
Nine Months Ended November 30, 2020: 120,589 million yen [(26.0)%] (Reference) Group's total sales:
Nine Months Ended November 30, 2021: 10,278,237 million yen Nine Months Ended November 30, 2020: 8,266,218 million yen
EBITDA:
Nine Months Ended November 30, 2021: 558,540 million yen Nine Months Ended November 30, 2020: 479,844 million yen EPS before amortization of goodwill:
Nine Months Ended November 30, 2021: 251.12 yen Nine Months Ended November 30, 2020: 169.59 yen *Group's total sales include the sales of Seven-Eleven Japan, Seven-Eleven Okinawa and 7-Eleven, Inc. franchisees *For EBITDA and EPS before amortization of goodwill, see "4.Others (5) Formula of Various Management Indicators"
(2) Financial Position | (Millions of yen) | ||||||||||||||||
Total Assets | Net Assets | Owners' Equity Ratio | Net Assets | ||||||||||||||
per Share | |||||||||||||||||
As of November 30, 2021 | 8,649,303 | 3,058,492 | 33.5% | 3,278.25 | (yen) | ||||||||||||
As of February 28, 2021 | 6,946,832 | 2,831,335 | 38.4% | 3,022.68 | (yen) | ||||||||||||
(Reference) Owners' equity (net assets excluding non-controlling interests and subscription rights to shares) : | |||||||||||||||||
As of November 30, 2021: 2,895,083 million yen | As of February 28, 2021: 2,668,925 million yen | ||||||||||||||||
2. Dividends | |||||||||||||||||
Dividends per Share (yen) | |||||||||||||||||
Record Date | First | Second | Third | Year-end | Annual | ||||||||||||
Quarter | Quarter | Quarter | |||||||||||||||
Year Ended February 28, 2021 | - | 47.50 | - | 51.00 | 98.50 | ||||||||||||
Year Ending February 28, 2022 | - | 48.00 | - | ||||||||||||||
Year Ending February 28, 2022 (forecast) | 52.00 | 100.00 | |||||||||||||||
(Note) Revision of dividends forecast during the current quarterly period: None
3. Forecast of Business Results for the Fiscal Year Ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
(Millions of yen) | ||||||||
Revenues | Operating | Ordinary | Net Income | Net Income | ||||
Attributable to | ||||||||
from Operations | Income | Income | per Share | |||||
Owners of Parent | ||||||||
Entire Year | 8,722,000 | 51.2% | 400,000 9.2% | 368,500 | 3.1% | 215,000 19.9% | 243.47 (yen) | |
(Note) Revision of business results forecast during the current quarterly period: | Yes | |||||||
(Reference) Group's total sales: | 14,226,000 million yen | |||||||
EBITDA: | 759,600 million yen |
EPS before amortization of goodwill: 323.42 yen
Qualitative Information on Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2022
(from March 1, 2021 to February 28, 2022)
The Company has revised its consolidated financial results forecast for the fiscal year ending February 28, 2022 from the previous forecast announced on October 7, 2021.
Consolidated financial results forecast
(Millions of yen)
Year ending February 28, 2022 | ||||
Newly revised | YOY | YOY | Change from the | |
forecast | change (%) | change (amount) | previous forecast | |
Group's total sales | 14,226,000 | 28.8% | 3,181,125 | 414,000 |
Revenues from Operations | 8,722,000 | 51.2% | 2,955,281 | 413,000 |
Operating Income | 400,000 | 9.2% | 33,670 | 20,000 |
Ordinary Income | 368,500 | 3.1% | 11,135 | 25,000 |
Net Income Attributable | 215,000 | 19.9% | 35,737 | 25,000 |
to Owners of Parent | ||||
Revenues from operations forecast by business segment
(Millions of yen)
Year ending February 28, 2022 | ||||
Newly revised | YOY | YOY | Change from the | |
forecast | change (%) | change (amount) | previous forecast | |
Domestic convenience | 877,000 | 2.1% | 18,223 | (14,000) |
store operations | ||||
Overseas convenience | 5,160,000 | 129.0% | 2,906,644 | 439,000 |
store operations | ||||
Superstore operations | 1,814,000 | 0.2% | 3,115 | (18,000) |
Department and specialty | 714,000 | 4.3% | 29,339 | 6,000 |
store operations | ||||
Financial services | 194,000 | (2.5)% | (4,927) | (10,000) |
Others | 19,000 | 9.7% | 1,676 | (1,000) |
Total | 8,778,000 | 50.7% | 2,954,072 | 402,000 |
Eliminations / corporate | (56,000) | - | 1,209 | 11,000 |
Consolidated total | 8,722,000 | 51.2% | 2,955,281 | 413,000 |
Operating income forecast by business segment
(Millions of yen)
Year ending February 28, 2022 | |||||
Newly revised | YOY | YOY | Change from the | ||
forecast | change (%) | change (amount) | previous forecast | ||
Domestic convenience | 229,100 | (2.0)% | (4,600) | (16,500) | |
store operations | |||||
Overseas convenience | 160,000 | 62.2% | 61,335 | 31,200 | |
store operations | |||||
Superstore operations | 22,400 | (24.5)% | (7,281) | (1,400) | |
Department and specialty | (8,800) | - | 8,644 | 400 | |
store operations | |||||
Financial services | 39,400 | (18.0)% | (8,677) | 6,300 | |
Others | (500) | - | 70 | - | |
Total | 441,600 | 12.6% | 49,490 | 20,000 | |
Eliminations / corporate | (41,600) | - | (15,820) | - | |
Consolidated total | 400,000 | 9.2% | 33,670 | 20,000 | |
Assumed exchange rates: U.S.$1=109.90 yen | 1yuan=17.00 yen |
4. Others
- Changes in significant subsidiaries during the period:
(Changes in specific subsidiaries accompanying change in scope of consolidation): Yes
Added: One company (Speedway LLC) Excluded: One company (Seven & i Asset Management Co., Ltd.)
- Application of specific accounting for preparing the quarterly consolidated financial statements: None
- Changes in accounting policies, accounting estimates or restatements
- Changes due to amendment of accounting standards: None
- Changes due to other reasons other than 1: None
- Changes in accounting estimates: None
- Restatements: None
- Number of shares outstanding (Common stock)
- Number of shares outstanding at the end of period (Including treasury stock)
As of November 30, 2021: 886,441,983 shares | As of February 28, 2021: 886,441,983 shares | |
2. Number of treasury stock at the end of period | ||
As of November 30, 2021: | 3,324,582 shares | As of February 28, 2021: 3,475,704 shares |
3. Average number of shares during the period (Cumulative quarterly consolidated period) | ||
As of November 30, 2021: | 883,049,281 shares | As of November 30, 2020: 882,915,831 shares |
(Note) The Company has introduced the BIP Trust and ESOP Trust, and its shares held by these Trusts are included in the number
of treasury shares to be deducted when calculating the number of treasury stock at the end of the fiscal period and the average number of shares during the period.
- Formula of Various Management Indicators
- EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill
- EPS before amortization of goodwill: (Net income attributable to owners of parent + Amortization of goodwill) / Average number of shares during the period.
- Supplementary information
(Adoption of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System)
With respect to items subject to the review of the Non-Consolidated Taxation System conducted to coincide with transition from the Consolidated Taxation System to the Group Tax Sharing System, which was created under the Act on Partial Revision of the Income Tax Act, etc. (Act No. 8 of 2020), the Company and some of its domestic consolidated subsidiaries have not applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28 issued February 16, 2018) in accordance with the treatment set out in Paragraph 3 of Practical Solution on the Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (PITF No.39 issued March 31, 2020) and the amounts of deferred tax liabilities and deferred tax assets are based on the provisions of tax laws before the revision.
(Accounting Estimates associated with the spread of novel coronavirus (COVID-19))
On the Group's assumption that the spread of novel coronavirus infection will have the business impact for a certain period after this fiscal year, accounting estimates are reflected in accounting treatment including those used to determine impairment losses.
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
- The forecast of the business results is based on the Company's 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.
- Other materials related in the financial results are available on the Company's website. (https://www.7andi.com/en/ir/library.html)
Attached Materials
Contents
Consolidated Quarterly Financial Statements
(1) | Consolidated Quarterly Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
(2) | Consolidated Quarterly Statements of Income | |
and Consolidated Quarterly Statements of Comprehensive Income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 4 | |
(3) | Consolidated Quarterly Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 6 |
(4) | Doubts on the Premise of Going Concern ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 8 |
(5) | Change in Scope of Consolidation or Equity Method Application ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 8 |
(6) | Notes to Consolidated Quarterly Statements of Income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 8 |
(7) | Notes to Consolidated Quarterly Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 9 |
(8) | Segment Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 9 |
- Business Combination ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 11
(10) Notes on Significant Changes in the Amount of Shareholders' Equity ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 11
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Seven & I Holdings Co. Ltd. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 06:20:17 UTC.