Seven & i : Consolidated Financial Results for the Three Months ended May 31, 2021

	July 8, 2021
Consolidated Financial Results
for the Three Months Ended May 31, 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: July 14, 2021

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.

(Notes) 2. All amounts less than one million yen have been truncated.

1. Business Results for the Three Months Ended May 31, 2021 (from March 1, 2021 to May 31, 2021)

(1) Results of Operations (Cumulative)					(Millions of yen)
	Revenues from Operations	Operating Income	Ordinary Income
Three Months Ended May 31, 2021	1,555,371	11.8%	77,512	8.6%	69,869	0.6%
Three Months Ended May 31, 2020	1,391,828	(12.8)%	71,390	(21.0)%	69,462	(21.8)%
	Net income Attributable	Net Income per Share	Diluted Net Income
	to Owners of Parent	per Share
Three Months Ended May 31, 2021	43,018	208.7%	48.72	(yen)	48.72	(yen)
Three Months Ended May 31, 2020	13,937	(73.2)%	15.79	(yen)	15.78	(yen)

	(Note) Comprehensive income:
	Three Months Ended May 31, 2021: 166,080 million yen [-%]	Three Months Ended May 31, 2020: 8,182 million yen [(86.1)%]
	(Reference) Group's total sales:
	Three Months Ended May 31, 2021: 2,871,482 million yen	Three Months Ended May 31, 2020: 2,660,733 million yen
	EBITDA:
	Three Months Ended May 31, 2021: 145,669 million yen	Three Months Ended May 31, 2020: 136,150 million yen
	EPS before amortization of goodwill:
	Three Months Ended May 31, 2021: 55.92 yen	Three Months Ended May 31, 2020: 22.65 yen
	*Group's total sales which 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 May 31, 2021	8,397,040	2,944,585	33.2%		3,153.63	(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 May 31, 2021: 2,784,691 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			-
	Year Ending February 28, 2022 (forecast)				48.00	-	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
Interim Period	3,516,000	26.1%		184,000	2.4%	167,000	(4.7)%		90,000	24.1%	101.93	(yen)
Entire Year	8,038,000	39.4%		380,000	3.7%	343,500	(3.9)%		190,000	6.0%	215.18	(yen)
(Note)	Revision of business results forecast during the current quarterly period: None
(Reference) Group's total sales:
	Interim Period: 6,275,000 million yen Entire Year: 13,549,000 million yen
	EBITDA:
	Interim Period: 337,400 million yen	Entire Year: 738,300 million yen
	EPS before amortization of goodwill:
	Interim Period: 128.43yen	Entire Year: 292.52 yen

4. Others

1. Changes in significant subsidiaries during the period:
   (Changes in specific subsidiaries accompanying change in scope of consolidation): None

Added: None

Excluded: None

1. Application of specific accounting for preparing the quarterly consolidated financial statements: None
2. Changes in accounting policies, accounting estimates or restatements

1. Changes due to amendment of accounting standards: None
2. Changes due to other reasons other than 1: None
3. Changes in accounting estimates: None
4. Restatements: None

1. Number of shares outstanding (Common stock)

1. Number of shares outstanding at the end of period (Including treasury stock)

As of May 31, 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 May 31, 2021:	3,429,317 shares	As of February 28, 2021: 3,475,704 shares
3. Average number of shares during the period (Cumulative quarterly consolidated period)
As of May 31, 2021:	882,969,270 shares	As of May 31, 2020: 882,849,001 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 shares at the end of the fiscal period and

the average number of shares during the period.

1. Formula of Various Management Indicators

1. EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill
2. EPS before amortization of goodwill: (Net income attributable to owners of parent + Amortization of goodwill) / Average number of shares during the period.

(6) 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

1. 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.
2. 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

1．Scope of Consolidated Subsidiaries and Affiliates・・・・・・・・・・・・・・・・・・・ ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	2
2．Consolidated Quarterly Financial Statements
(1)	Consolidated Quarterly Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	6
(2)	Consolidated Quarterly Statements of Income
	and Consolidated Quarterly Statements of Comprehensive Income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	8
(3)	Consolidated Quarterly Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	10
(4)	Doubts on the Premise of Going Concern ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	12
(5)	Notes to Consolidated Quarterly Statements of Income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	12
(6)	Notes to Consolidated Quarterly Statements of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	12
(7)	Segment Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	13
(8)	Notes on Significant Changes in the Amount of Shareholders' Equity ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	13
(9)	Subsequent Events ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・	14

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1. Scope of Consolidated Subsidiaries and Affiliates

Major Seven & i Group Companies by Business Segment

Seven & ｉ Group consists 175 diversified retail companies, mainly engaged in domestic convenience store operations, overseas convenience store operations, superstore operations, department store operations, financial services, and specialty store operations.

Business segments, major group companies and number of companies are as follows.

This segmentation is same as the reportable segment shown in the section of segment information.

Business Segments	Major Group Companies		Number of Companies
	SEVEN-ELEVEN JAPAN CO., LTD. SEVEN-ELEVEN OKINAWA CO., LTD.
	7dream.com Co., Ltd. Seven Net Shopping Co., Ltd. Seven-Meal Service Co., Ltd.
	SEVEN-ELEVEN HAWAII, INC.
Domestic	SEVEN-ELEVEN (CHINA) INVESTMENT CO., LTD.		Consolidated Subsidiaries	10
Convenience Store
SEVEN-ELEVEN (BEIJING) CO., LTD. SEVEN-ELEVEN (CHENGDU) CO., LTD.		Affiliates	5
Operations
	SEVEN-ELEVEN (TIANJIN) CO., LTD.			Total	15
	TOWER BAKERY CO., LTD.
	SHAN DONG ZHONG DI CONVENIENCE CO., LTD.
Overseas	7-Eleven, Inc.					Consolidated Subsidiaries	81
Convenience Store	SEJ Asset Management & Investment Company			Affiliates	2
Operations						Total	83
	Ito-Yokado Co., Ltd. York-Benimaru Co., Ltd. Life Foods Co., Ltd.
	York Co., Ltd. SHELL GARDEN CO., LTD. Marudai Co., Ltd.
Superstore	K.K. Sanei K.K. York Keibi IY Foods K.K.			Consolidated Subsidiaries	14
Operations	Seven Farm Co., Ltd. Ito-Yokado (China) Investment Co., Ltd.		Affiliates	5
	Hua Tang Yokado Commercial Co., Ltd. Chengdu Ito-Yokado Co., Ltd.		Total	19
	Tenmaya Store Co., Ltd. DAIICHI CO., LTD.
Department Store	Sogo & Seibu Co., Ltd. IKEBUKURO SHOPPING PARK CO., LTD.		Consolidated Subsidiaries	5
GOTTSUO BIN CO., LTD.					Affiliates	2
Operations
DISTRICT HEATING AND COOLING CHIBA CO., LTD.		Total	7
Financial	Seven Bank, Ltd. Seven Financial Service Co., Ltd.	Seven Card Service Co., Ltd.		Consolidated Subsidiaries	13
Seven CS Card Service Co., Ltd.	Bank Business Factory Co., Ltd.		Affiliates	2
Services
Seven Payment Service, Ltd.	Seven Pay Co., Ltd. FCTI, Inc. TORANOTEC Ltd		Total	15
	Akachan Honpo Co., Ltd.	Barneys Japan Co., Ltd.	Oshman's Japan Co., Ltd.
Specialty Stores	Seven & i Food Systems Co., Ltd.	THE LOFT CO., LTD.		Consolidated Subsidiaries	17
Nissen Holdings Co., Ltd.	Nissen Co., Ltd. SCORE Co., Ltd.		Affiliates	5
Operations
MARRON STYLE Co., Ltd.	Francfranc Corporation		Total	22
	Tower Records Japan Inc.	Nissen Credit Service Co., Ltd.
	Seven & i Create Link Co., Ltd.	Seven & i Asset Management Co., Ltd.
Others	Seven & i Net Media Co., Ltd.	Seven Culture Network Co., Ltd.		Consolidated Subsidiaries	8
Yatsugatake Kogen Lodge Co., Ltd. K.K. Terre Verte		Affiliates	4
	I ing Co., Ltd. PIA Corporation				Total	12
Corporate	SEVEN & i Financial Center Co., Ltd.			Consolidated Subsidiary	1

Note:	TOWER BAKERY CO., LTD., SHAN DONG ZHONG DI CONVENIENCE CO., LTD., Tenmaya Store Co., Ltd., DAIICHI CO., LTD.,
Notes: 2.	TORANOTEC Ltd, Francfranc Corporation, Tower Records Japan Inc., Nissen Credit Service Co., Ltd., I ing Co., Ltd., and
Notes: 3.	PIA Corporation are affiliates.

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