Seven & i net income posts over 27% growth in H1

Its net income attributable to owners amounted to JPY136b ($934.8b).

Seven & i Holdings reported its net income attributable to owners grew over 27% to JPY136 ($934.8b) in the first half of the year, up from JPY106b ($728.6b) in the same period last year. 

Over the same period, the Group’s total sales climbed to JPY8.59t ($59.04b) against JPY6.37t ($43.7b) in 2021, whilst revenues from operations reached JPY5.65t ($38.8b) from JPY3.64t ($25.02b). 

Across its domestic convenience store operations, the company saw revenues worth JPY44.77b ($307.75m) and an operating income of JPY126.7b ($871m). 

“The impact of COVID-19 has caused commercial areas to shrink in size and highlighted growing differences in customer needs among individual stores,” the company’s report noted. 

“SEVEN-ELEVEN JAPAN CO., Ltd. (SEJ) continued to implement activities that integrate three initiatives, specifically expanding its assortment of high-value-added merchandise, changing store layouts as part of efforts to increase the number of items carried and conducting sales promotions that produce an event-like sense of excitement.”

Read more: Philippines 7-Eleven reverses losses in H1

Moreover, the Group registered revenue growth in its overseas convenience store operations (JPY4.18t or $28.7b), superstore operations (JPY715b or $49.15b), department and specialty store operations (JPY225.5b or $1.55b), and financial services (JPY95.75b or $658m).