Seven & i Holdings (3382) Q1 2027 earnings summary

Executive summary

• Q1 FY2026 saw strong growth in operating and net income, driven by both domestic and overseas convenience store operations, despite revenues being impacted by deconsolidation and FX effects.

• Strategic focus included disciplined execution, embedding ROIC management, and building foundations for sustainable growth.

• Key growth drivers were fresh food differentiation, store network expansion, and new business ventures such as retail media.

• Comprehensive income swung to ¥126,675 million from a loss of ¥114,551 million in the prior year.

Financial highlights

• Q1 revenues from operations were ¥2,378.8 billion, up 2.4% year-over-year and 8.6% above plan, though some sources note a decline due to deconsolidation and FX impacts.

• Operating income rose to ¥105.0 billion, up 122.4% year-over-year and 72.2% above plan.

• Net income attributable to owners of parent increased to ¥60.6 billion, up 95.3% year-over-year.

• EPS was ¥26.21, up from ¥18.97 in the prior year, aided by share buybacks totaling ¥600 billion.

• EBITDA for the quarter was ¥233.2 billion, up 38.0% year-over-year.

Outlook and guidance

• Full-year FY2026 revenue forecast revised upward to ¥10,430.0 billion, with operating income at ¥425.0 billion and net income at ¥278.0 billion.

• EPS for the year projected at ¥120.89, with annual dividend forecast at ¥60.00 per share.

• 1H FY2026 guidance also revised up, reflecting strong Q1 momentum.

• Second-half forecast revised downward due to conservative fuel margin assumptions and higher SG&A for loyalty initiatives.