A plan by Seven & I Holdings to split in two and expand abroad will help the retailer almost double group revenue, CEO Ryuichi Isaka has said in an appeal to shareholders as Alimentation Couche-Tard seeks to buy the Japanese convenience-store operator.
The retailer aims to reach ¥30 trillion ($197 billion) in group sales by the 2030 fiscal year, up from ¥17.7 trillion in 2023, with a greater contribution from convenience-store operations in markets abroad.
Seven & I set out plans earlier this month that will effectively split the company in two: A business focused on 7-Eleven, convenience stores and gasoline stations, and another made up of less profitable retail operations. The company’s biggest-ever overhaul is designed to boost its value in the face of a buyout proposal from Couche-Tard that values Seven & I at about ¥7.1 trillion.
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