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March 19, 2025
 

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ELEVEN

Alimentation Couche-Tard founder Alain Bouchard (center), CEO Alex Miller (left) and CFO Filipe Da Silva attend a photo session after a news conference on their bid for Seven & I Holdings in Tokyo on Thursday.
BUSINESS / Companies / EXPLAINER
Mar 17, 2025
Why Couche-Tard's deal with Seven & I isn't going anywhere
The buyout bid has seen a mixed response in Japan, with some expressing concerns over the convenience store chain being taken over by a foreign company.
Alimentation Couche-Tard founder and executive chairman Alain Bouchard (left) and President Alex Miller hold a news conference in Tokyo on Thursday.
BUSINESS / Companies
Mar 13, 2025
Alimentation Couche-Tard ramps up campaign to take over Seven & I
The Canadian convenience store giant and owner of Circle-K has sought to combat skepticism surrounding the deal, most recently with a news conference in Tokyo.
Seven & I Holdings says it has agreed to jointly explore store sell-offs with Alimentation Couche-Tard to address antitrust concerns ahead of a potential merger.
BUSINESS / Companies
Mar 10, 2025
Shareholder pushes Seven & I to engage with Couche-Tard
The operator of 7-Eleven stores says that it is doing so, and has rebuffed Artisan Partners Asset Management’s assertions of conflicts of interest within the board.
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.
The Seven & I takeover saga is being closely watched as a test case of Japan’s openness to foreign capital, after recent governance reforms banned corporations from ignoring overtures that may raise value for shareholders.
BUSINESS / Companies
Mar 4, 2025
Seven & I shares fall amid report it may reject buyout offer
The company said it is still having constructive discussions with Couche-Tard after a report said it would reject the offer.
Seven & I has spent months fending off Couche-Tard’s takeover bid with complex maneuvers, but instead of chasing defensive strategies, it should focus on strengthening its core convenience-store business, which still has untapped potential.
COMMENTARY / Japan
Mar 4, 2025
7-Eleven’s time-wasting isn’t so convenient
Retail is a fast-moving industry — and months spent fending off Couche-Tard means less focus on strategy.
Seven & I Holdings CEO Ryuichi Isaka is stepping down from his position, the Nikkei newspaper has reported.
BUSINESS / Companies
Mar 3, 2025
7-Eleven owner to appoint first foreign CEO, report says
The owner's plan to take the company private to avoid being taken over by Couche-Tard collapsed last week, piling pressure on it to reconsider the $47 billion takeover proposal.
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.
Itochu dropping its Seven & I Holdings buyout plan would place Alimentation Couche-Tard’s offer back in the limelight.
BUSINESS / Companies
Feb 27, 2025
Itochu drops Seven & I buyout, putting Couche-Tard back in limelight
An individual with an understanding of the deal said Itochu and Seven & I lacked synergy to justify the deal.
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.
Cat-related sweets sold by 7-Eleven in Tokyo. Employees of 7-Eleven have helped develop 23 types of cat-related products this year, compared with just five last year.
BUSINESS / Economy
Feb 21, 2025
Japan's Cat Day sees companies capitalize on 'a-meow-zing' economic boon
This year, products and services related to cats are estimated to generate ¥414.50 billion more than last year.
Bulk food dispensers at a new 7-Eleven store in Matsudo, Chiba Prefecture. Opened a year ago, Seven & I Holdings conceived it as a prototype to test the synergies between the company’s retail supermarket chain and its more-successful convenience-store business.
BUSINESS / Companies / FOCUS
Feb 10, 2025
Blended 7-Eleven-and-supermarket concept proves a tough sell
It is unclear if higher customer numbers have been sustained, and Seven & I has no plans right now to open more such outlets.
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.
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.
Lawson and FamilyMart enjoyed net profit increases in the March-November 2024 period, while Seven & I Holdings suffered a sharp deterioration in its bottom line, according to their latest earnings reports.
BUSINESS / Companies
Jan 16, 2025
Lawson and FamilyMart enjoy net profit growth in March-November
FamilyMart's net profit went up 62.4% to ¥80 billion because of special profit from a realignment of Chinese operations.
A government minister has said the acquisition of 7-Eleven by foreign capital is majorly related to economic security.
BUSINESS / Companies
Jan 10, 2025
Japan to consider 'economic security' in 7-Eleven takeover
Economic revitalization minister Ryosei Akazawa highlighted the role Japan's convenience stores can play in times of crisis, such as after major earthquakes.
A potential foreign acquisition of Japanese retail giant Seven & I would be "heavily related" to national security, Japan's economy minister Ryosei Akazawa said on Wednesday.
BUSINESS
Jan 8, 2025
Japan flags foreign takeover of 7-Eleven owner as a security issue
His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada's Alimentation Couche-Tard.
Fast Retailing’s November-ending quarter may have seen operating profit growth soften as warmer autumn-winter temperatures dented sales, even with the backdrop for consumer spending in Japan looking promising.
BUSINESS / Companies
Jan 3, 2025
Uniqlo and 7-Eleven face sales headwinds despite brighter consumer spending
Uniqlo parent Fast Retailing and Seven & i Holdings are among the first to kick off this earnings season in Asia.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
7-Eleven battle shows resilience of Japan Inc.'s family ties
Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
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.
Tokyo pub hit with first-ever closure order for illegal street tables
One pub in Tokyo's Shimbashi district received more than 60 warnings from law enforcement for setting up tables on the street, blocking the way for traffic.
Japan to extend financial aid to more people moving out of Tokyo
Prime Minister Shigeru Ishiba (right) speaks to officials of Miyada in Nagano Prefecture on Saturday during his visit to the village.
Tokyo gears up for April launch of law against harassment by customers
Tokyo will soon require all companies in the city to make efforts to stop harassment by customers, such as by creating a manual on how to handle suspected cases.
Mount Fuji hikers to be charged ¥4,000 on all trails
Tourists gather at the Fuji Subaru Line 5th station, which leads to the popular Yoshida Trail for hikers climbing Mount Fuji, ahead of its reopening for the season in Narusawa, Yamanashi Prefecture in June 2024.
Geely billionaire goes on a cost-cutting spree to catch rivals
Cars at the Geely Auto production base in Hangzhou, in China's eastern Zhejiang province on Feb. 16
At Ventinove, Tuscan specialties taken to new heights
Tucked away behind the historic Tsuchida sake brewery, Ventinove's location and sleek, angular architecture make for impressive destination dining.
In Tokyo, Dodgers get taste of the Shohei Ohtani experience
Shohei Ohtani greets manager Dave Roberts before the team's game against the Tigers at Tokyo Dome on Sunday.
Private clubs quietly open in Tokyo for free-spending Chinese businesspeople
Sources say a hui suo — a private club, which in Japan caters mainly to Chinese businesspeople — will soon open on the upper floors of the Moutai Building in the Ginza district of Tokyo.
Japan’s youth climate activists still searching for a breakthrough
While climate demonstrations around the world often draw thousands of participants, in Japan such demonstrations rarely break the 100-person barrier.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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Longform

Passengers that were on a morning train attacked by members of the Aum Shinrikyo group wait for medical assistance outside Kasumigaseki Station on March 20,1995.
The day a religious cult brought terror to Tokyo
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