Search - i

 
 
A supermarket in Narita, Chiba Prefecture, operated by Aeon. Shares of Aeon have extended their gains to 25% this year and reached a record high this week.
BUSINESS / Companies
Sep 13, 2024

Seven & I proposal fuels rally in Japanese retailers like Aeon

An increase in Japan’s consumer spending, which accounts for more than half of Asia’s second-biggest gross economy, is also supporting retailers.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024

Seven & I gets new designation, a potential hurdle for takeover

The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
CULTURE / TV & Streaming
Sep 16, 2024

'Shogun' becomes first non-English-language winner of best drama Emmy

Veteran leading man Hiroyuki Sanada and co-lead Anna Sawai also took home acting awards for their roles in the show.
Couche-Tard isn’t giving up on its takeover effort of Seven & I Holdings, the owner of 7-Eleven stores.
BUSINESS / Companies
Oct 9, 2024

Couche-Tard reportedly sent higher price of $47 billion for Seven & I

The fresh attempt to enter talks shows that Couche-Tard isn’t giving up on its takeover effort.
Ryuichi Isaka, CEO of Seven & I Holdings, speaks during a news conference in Tokyo in April. Isaka is now assuring investors that the group's revenue will likely almost double by the 2030 fiscal year.
BUSINESS
Oct 24, 2024

Facing buyout bid, Seven & I tells investors sales will double by 2030

The retailer aims to reach ¥30 trillion in group sales by the 2030 fiscal year, with a greater contribution from convenience-store operations in markets abroad.
Seven & I Holdings' 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
BUSINESS / Companies
Nov 6, 2024

Seven & I is said to plan reducing stake in banking unit to 38%

The retailer’s 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
Seven & I Holdings has closed its convenience stores in Israel.
BUSINESS / Companies
Nov 13, 2024

Seven & I closes all eight convenience stores in Israel

Seven & I opened its first convenience store in Israel in January last year.
Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024

Seven & I buyout funding to be finalized by next month, sources say

The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
A 7-Eleven convenience store in Tokyo
BUSINESS
Nov 23, 2024

Seven & I founding family sounded out KKR and others about buyout: report

In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management.
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024

Nomura, Daiwa and other advisers win coveted Seven & I buyout roles

The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
One of conductor Seiji Ozawa’s most enduring contributions is the Seiji Ozawa Matsumoto Festival, which brings together young musicians and seasoned artists. The maestro passed away in February.
CULTURE / Entertainment news / 2024 in Review
Dec 27, 2024

The cultural luminaries we lost in 2024

While Japan’s culture marked notable triumphs at home and overseas, the year also saw the passing of many greats in the arts.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025

Seven & I profit drops despite recovery in convenience stores

Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025

Apollo weighs $9.5 billion stake in Seven & I management buyout

Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
KKR is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
BUSINESS / Companies
Jan 16, 2025

KKR considers joining Seven & I management buyout after Apollo

The U.S. firm is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said.
BUSINESS
Feb 7, 2025

Seven & I consortium to tap Bank of America and Citi for financing

The two U.S. banks’ role in the bid would be to refinance the debt of Seven & I’s U.S. unit.
Bain Capital is believed to have offered more than ¥700 billion for the corporate value of York Holdings, which owns supermarket chain Ito-Yokado and other units.
BUSINESS / Companies
Feb 24, 2025

Bain seen as preferred bidder for Seven & I supermarket business

Seven & I is expected to enter into final negotiations with Bain Capital on the investment ratio and other matters, sources said.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Feb 26, 2025

Seven & I buyout talks stall over management control

The founding Ito family and Itochu have yet to reach consensus on the composition of the board of the post-buyout entity, sources said.
People take photos of the Shinjuku Alta building on Friday evening.
JAPAN / Society
Feb 28, 2025

Shinjuku Alta closes its doors after 45 years

The shopping complex near the JR Shinjuku Station served as a de facto meeting point for many in one of Tokyo’s busiest entertainment districts.
The rapid collapse of the plan to take Seven & I private reflects how personal egos and domestic competitiveness ultimately outweighed the nationalistic desire to fend off Canada’s Alimentation Couche-Tard, whose pursuit of the Japanese retailer emerged last August.
BUSINESS / Companies
Mar 2, 2025

Seven & I and Nissan deal fallout leaves Japan companies vulnerable

The collapse of the deals means the companies are potentially even more vulnerable to foreign takeovers.
Seven & I named Stephen Hayes Dacus as its first foreign chief executive on Thursday.
BUSINESS / Companies
Mar 6, 2025

Seven & I announces measures to fend off Couche-Tard takeover

The announcements are the latest twist in a saga that began last year when Seven & I rebuffed a takeover offer from Canada's Alimentation Couche-Tard.
Junichi Yasuda’s surprise hit “A Samurai in Time” won the award for best film at the 48th Japan Academy Film Prize ceremony.
CULTURE / Film
Mar 15, 2025

‘A Samurai in Time’ wins top prize at Japan’s premier film event

This country’s answer to the Oscars also saw awards go to “Oppenheimer” and “Faceless.”
A 7-Eleven convenience store, operated by Seven & I Holdings, at the company's headquarters in Tokyo
BUSINESS / Companies
Mar 19, 2025

Seven & I signs confidentiality pact with Canada’s Couche-Tard

The nondisclosure agreement (NDA) will pave the way for discussions around antitrust issues in the United States, Seven & I said.
Alex Miller, CEO of Alimentation Couche-Tard, speaks during a news conference in Tokyo last week.
BUSINESS / Companies
Mar 20, 2025

Couche-Tard seeks to reassure investors on Seven & I approach

The parent company of the Circle K chain has been pursuing Seven & I for months, bidding almost $50 billion for it, but has been rebuffed.
Potential buyers for a package of 7-Eleven and other convenience stores have until the end of March to express their interest, Alimentation Couche-Tard Chief Financial Officer Filipe Da Silva said.
BUSINESS / Companies
Mar 26, 2025

Couche-Tard sees strong interest in U.S. stores for Seven & I deal

The Canadian company has agreed with Seven & I to seek a buyer for overlapping retail outlets as a prerequisite for takeover talks to sidestep U.S. antitrust concerns.
Seven & I Holdings released forecasts for this year's operating profit and revenue that are lower than analysts' estimates.
BUSINESS / Companies
Apr 9, 2025

Seven & I’s guidance miss adds to pressure amid takeover bid

Seven & I said it expects domestic convenience store sales to rise 9.4% this fiscal year, while seeing revenue from overseas convenience stores falling 3.6%.
The operator of 7-Eleven convenience stores is taking a series of steps to boost its value, including share buybacks, selling the under-performing superstore business and divesting its banking unit.
BUSINESS / Companies
Apr 10, 2025

Seven & I jumps most in a month on buyback plan and broader buying

The operator of 7-Eleven convenience stores is taking a series of steps to try to boost shareholder value amid a takeover bid by Canadian retailer Alimentation Couche-Tard.
Visitors to the "Henri Matisse: The Path to Color" exhibition at Tokyo Metropolitan Art Museum face tough decisions in the gift shop.
CULTURE / Art
Aug 5, 2023

Matisse gachapon, Hockney parfaits: Japan’s next-level art merch

A Tokyo art exhibit doesn’t feel complete without a room filled wall-to-wall with custom trinkets.
Social division and the polarization of the American political system are becoming more and more apparent.
COMMENTARY / World
Aug 18, 2023

Where is the America I once knew headed?

The sociopolitical transformation I witnessed in San Francisco is not just a West Coast phenomenon, but perhaps a nationwide trend.
Manchester Crown Court, the venue for the trial of Lucy Letby, who was found guilty of murdering seven newborn babies and trying to kill another six.
WORLD / Crime & Legal
Aug 19, 2023

'I am evil': British nurse guilty of murdering seven newborn babies

Lucy Letby, 33, was convicted of killing five baby boys and two baby girls and attacking other newborns.
BUSINESS / Companies
Aug 28, 2023

Sogo & Seibu labor union plans strike over possible sale

If the strike goes ahead on Thursday, it would be the first in Japan’s department store industry in about 60 years.

Longform

An ongoing shortage of rice has resulted in rising prices for Japan's main food staple.
Why Japan is running out of rice — and farmers to grow it