Seven & i Holdings (3382) Q2 2027 earnings summary

Executive summary

• H1 FY2027 reported revenue fell 2.8% to ¥5,460.3bn, operating income rose 11.5% to ¥232.3bn and net income attributable to owners rose 2.2% to ¥124.4bn; adjusted growth was 16.3%, 36.6% and 17.8%, respectively.

• Transformation execution and overseas CVS growth offset domestic earnings pressure.

Financial highlights

• Convenience store group merchandise sales increased 4.1% to ¥5,045.9bn; EBITDA was ¥490.6bn versus ¥485.4bn a year earlier.

• Operating income exceeded revised plan by ¥23.8bn, while revenue was ¥156.3bn below plan and net income was ¥2.6bn above plan.

• EPS was ¥54.26 versus ¥47.83; EPS before goodwill amortization was ¥78.31 versus ¥68.76.

• Comprehensive income was ¥244.8bn versus a ¥123.8bn loss, largely reflecting foreign-currency translation adjustments.

Outlook and guidance

• FY2027 forecasts remained unchanged: revenue ¥10,430bn, operating income ¥425bn, ordinary income ¥390bn and net income attributable to owners ¥278bn.

• Forecast EBITDA was ¥928bn, EPS ¥121.90 and EPS before goodwill amortization ¥169.81.

• Forecast convenience store group merchandise sales were ¥10,210bn; annual dividend forecast was ¥60 per share, including ¥30 per share at year-end.