Seven & i Holdings Co., Ltd. Provides Earnings Guidance for the Six Months Ending August 31, 2022 and Fiscal Year Ending February 28, 2023
April 07, 2022 at 02:00 am EDT
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Seven & i Holdings Co., Ltd. provided earnings guidance for the six months ending August 31, 2022 and fiscal year ending February 28, 2023. For six months, the company expects revenue from operations of JPY 4,772,000 million, Operating Income of JPY 216,400 million, Net Income Attributable to Owners of Parent of JPY 120,000 million and Net Income per Share of JPY 135.88.
For full year, the company expects revenue from operations of JPY 9,653,000 million, Operating Income of JPY 430,000 million, Net Income Attributable to Owners of Parent of JPY 240,000 million and Net Income per Share of JPY 271.76.
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%).