Seven & i Holdings Co., Ltd. announces an Equity Buyback for 75,000,000 shares, representing 2.83% for ¥110,000 million.
November 30, 2023 at 01:00 am EST
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Seven & i Holdings Co., Ltd. (TSE:3382) announces a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares, representing 2.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥110,000 million. The purpose of the program is to maintain financial soundness and investment flexibility for the growth of our group in the future. The plan will be valid till May 31, 2024. As of August 31, 2023, the company had 884,604,713 issued shares (excluding treasury stock) and had 1,837,270 treasury shares.
After the effective date of the share split (on March 1, 2024), the total number of shares that can be acquired will be 75,000,000 shares.
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. 
