Seven & i Holdings Co., Ltd. (TSE:3382) will seek M&A. Ryuichi Isaka said during the FY2022 results as well as the FY2023 forecast, "Additionally, going forward, we will be prioritizing strategic M&A expected to translate into an increase in corporate value over the medium to long term and investment toward future growth. On top of this, we will be taking a flexible approach to shareholder returns, including share buybacks, as strategic capital initiatives toward improving return on equity and net income per share".