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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 1 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. January 9, 2025 Presentation for the Third Quarter of FY2024 Seven & i Holdings Co., Ltd. (Fiscal Year Ending February 28, 2025)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 2 Executive Summary ✓ The efforts to address the challenges in the Domestic and Overseas CVS business for this fiscal year have shown results, providing confidence in medium- to long-term growth ✓ To achieve profit growth in FY2025 and beyond, we will complete the strategic reorganization of businesses and assets within FY2024 ✓ The optimization of the group structure aimed at maximizing corporate and shareholder value is steadily progressing, and along with the divestment and impairment of businesses and assets, we have a positive outlook for building a solid management foundation to drive sustainable growth
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 3 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 3 Status of Major Operation Strategies North American CVS Operations Global CVS Operations & Domestic CVS Operations Q3 YTD Results 1 Efforts on Optimization of Group Structure 3 2
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 4 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 4 Status of Major Operation Strategies 2 North American CVS Operations Global CVS Operations & Domestic CVS Operations Q3 YTD Results 1 Efforts on Optimization of Group Structure 3
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 5 Q3 YTD Consolidated Results Highlight Net income attributable to owners of parent 247.8 154.3 EPS (yen) 93.53 59.41 EPS before amortization of goodwill (yen)*2 117.36 88.04 FY2023 FY2024 YoY Change vs. plan Change Group’s total sales*1 13,344.6 13,958.5 104.6 +613.8) 99.6 (55.4) Revenues from operations 8,580.2 9,069.5 105.7 +489.3) 99.7 (25.4) Operating income 410.0 315.4 76.9 (94.6) 102.3 +7.1) Ordinary income 388.2 281.6 72.5 (106.6) 103.2 +8.6) Net income attributable to owners of parent 182.1 63.6 34.9 (118.5) 101.0 +0.63) EPS (yen) 68.74 24.48 35.6 (44.26) 101.0 +0.24) EPS before amortization of goodwill (yen)*2 92.57 53.12 57.4 (39.45) 100.7 +0.35) Adjusted*3 (Billions of yen, %) *1 Group’s total sales include the sales of franchisees of Seven-Eleven Japan, Seven-Eleven Okinawa, 7-Eleven, Inc. and 7-Eleven Stores Pty Ltd. *2 Tax impact related to amortization of goodwill is taken into account. *3 Adjusted figures for the effects of the transient special gains and losses Notes) 1. Exchange rate: 1USD=151.46JPY, 1CNY=20.99JPY Notes) 2. The Company conducted a 3-for-1 common share split on March 1, 2024. “EPS” and “EPS before amortization of goodwill” are calculated as if the share split had occurred at the beginning of the previous fiscal year.
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 6 Revenues from operations Operating income EBITDA YoY/change YoY/change YoY/change Consolidated 9,069.5) 105.7) +489.3) 315.4) 76.9) (94.6) 743.8) 93.4) (52.4) Domestic CVS operations 687.4) 98.2) (12.5) 182.9) 91.9) (16.0) 251.7) 94.8) (13.8) Overseas CVS operations 6,968.7) 109.6) +611.0) 156.9) 67.9) (74.3) 432.3) 91.9) (37.9) Superstore operations 1,065.4) 98.1) (20.8) 2.0) 85.8) (0.34) 34.0) 105.7) +1.8) Financial services 159.1) 102.2) +3.3) 25.9) 89.4) (3.0) 55.7) 101.6) +0.87) Others 239.0) 73.2) (87.5) 4.3) 175.8) +1.8) 9.5) 80.8) (2.2) Eliminations/Corporate (50.3) -) (4.0) (56.8) -) (2.6) (39.5) -) (1.1) Q3 YTD Revenues from Operations, Operating Income and EBITDA by Operating Segment (YoY) (Billions of yen, %) Note) Exchange rate: 1USD=151.46JPY, 1CNY=20.99JPY
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 7 Revenues from operations Operating income EBITDA vs. plan/change vs. plan/change vs. plan/change Consolidated 9,069.5) 99.7) (25.4) 315.4) 102.3) +7.1) 743.8) 100.7) +5.4) Domestic CVS operations 687.4) 99.6) (2.5) 182.9) 99.7) (0.47) 251.7) 99.4) (1.4) Overseas CVS operations 6,968.7) 99.7) (21.2) 156.9) 99.7) (0.45) 432.3) 99.8) (0.91) Superstore operations 1,065.4) 99.9) (1.5) 2.0) 93.8) (0.13) 34.0) 98.4) (0.55) Financial services 159.1) 98.2) (2.8) 25.9) 100.6) +0.15) 55.7) 101.0) +0.52) Others 239.0) 101.7) +4.0) 4.3) 125.4) +0.88) 9.5) 109.2) +0.80) Eliminations/Corporate (50.3) -) (1.3) (56.8) -) +7.1) (39.5) -) +7.0) Q3 YTD Revenues from Operations, Operating Income and EBITDA by Operating Segment (vs. plan) Note) Exchange rate: 1USD=151.46JPY, 1CNY=20.99JPY (Billions of yen, %)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 8 Structural changes, such as integrating York HD's systems and restructuring SST’s Last-Mile strategy, contributing to higher profits in the coming period Q3 YTD Special Losses FY2023 FY2024 YoY change Amount of transient special losses Special losses 177.5 178.9 +1.4) 133.4 Details Loss on disposals of property and equipment 10.1 14.4 +4.2) - Impairment loss 17.9 80.0 +62.0) 56.7 Closure of unprofitable stores of SEI ($375M) Loss on business of subsidiaries and associates - 45.8 +45.8) 45.8 Losses due to restructure of Last-Mile strategy Restructuring expenses 1.4 16.6 +15.1) 16.6 Losses due to system integration of York HD, etc. Loss on transfer of subsidiary 4.8 4.7 (0.08) 4.7 Losses on sales of shares of NHD Loss on transfer of department store 132.2 - (132.2) - Other 10.8 17.1 +6.3) 9.4 Losses due to disaster response of IY Note) SEI: 7-Eleven, Inc., NHD: Nissen Holdings, IY: Ito-Yokado (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 9 FY2024 Transient Special Gains and Losses Transient special losses 149.6 7-Eleven, Inc. 56.8 Closure of unprofitable stores ($375M) Ito-Yokado Online Supermarket 45.8 Losses due to restructure of Last-Mile strategy Ito-Yokado 31.9 Losses due to disaster response and system integration of York HD, etc. 7&iHD (nonconsolidated) 11.0 Loss on transfer of subsidiaries, etc. Others 4.1 FY2024 (Estimate) Major factors Transient special gains 114.3 7-Eleven, Inc. 88.1 Sale and leaseback ($581M) 7&iHD (nonconsolidated) 5.8 Gain on sales of shares of subsidiaries and affiliates Others 20.4 Based on the action plan announced on April 10, 2024, complete divestment and impairment of underperforming businesses and assets within this fiscal year to maximize corporate and shareholder value (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 10 FY2024 Consolidated Financial Forecasts FY2023 FY2024 YoY Change Group’s total sales*1 17,789.9 18,363.0 103.2 +573.0) Revenues from operations 11,471.7 11,879.0 103.5 +407.2) Operating income 534.2 403.0 75.4 (131.2) Ordinary income 507.0 356.0 70.2 (151.0) Net income attributable to owners of parent 224.6 163.0 72.6 (61.6) EPS (yen) 84.88 62.74 73.9 (22.13) EPS before amortization of goodwill (yen)*2 117.24 100.47 85.7 (16.76) Net income attributable to owners of parent 288.3 190.0 EPS (yen) 108.96 73.14 EPS before amortization of goodwill (yen)*2 141.32 110.86 Adjusted*3 (Billions of yen, %) Notes) 1. Exchange rate: 1USD=149.00JPY, 1CNY=19.00JPY Notes) 2. The Company conducted a 3-for-1 common share split on March 1, 2024. “EPS” and “EPS before amortization of goodwill” are calculated as if the share split had occurred at the beginning of the previous fiscal year. *1 Group’s total sales include the sales of franchisees of Seven-Eleven Japan, Seven-Eleven Okinawa, 7-Eleven, Inc. and 7-Eleven Stores Pty Ltd. *2 Tax impact related to amortization of goodwill is taken into account. *3 Adjusted figures for the effects of the transient special gains and losses
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 11 EBITDA of SST Operations Accelerate the Foundation Laying for Further Growth of SST Operations Full-year plan YoY 27.9 152.2 0.14 - 28.2 150.8 30.1 104.5 56.6 113.4 Q3 YTD results YoY vs. plan Ito-Yokado 11.4) 150.2 85.1 SHELL GARDEN (0.10) - - Tokyo metropolitan area SST operations 12.1) 168.8 89.1 York-Benimaru 20.0) 99.2 97.6 SST operations* 31.4) 107.2 94.0 (Billions of yen, %) * SST operations: Figures exclude Ito-Yokado in China and other operating companies from SST operations
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 12 On Track to Achieve JPY 55.0Bn+ EBITDA and 4%+ ROIC FY2022 FY2023 FY2024 FY2025 Q3 YTD plan Q3 YTD results Full-year plan Number of stores with self-planned apparel* [All stores excluding Shokuhinkan] [stores as of the end of fiscal year] 113 stores 98 stores 70 stores 67 stores 32 stores Completely exit Number of Ito-Yokado stores* 126 stores 123 stores 105 stores 105 stores 92 stores - SG&A reduction ratio (vs. FY2022) - (1.4)％ (7.0)％ (9.2)％ (7.6)％ (19.7)％ Labor share [Salaries and wages/gross profit from operations x 100] 39.5％ 38.4％ 38.2% 38.5% 36.4% 34.0％ ( ) indicate the level of productivity Gross profit from operations/Salaries and wages (2.5x) (2.6x) (2.6x) (2.6x) (2.7x) (2.9x) Sales composition of delicatessen 13% 13% 13％ 13％ 14％ 15% Store productivity [Sales per tsubo] (vs. FY2022) 3.65 million yen (-) 3.78 million yen (+3.6%) - 3.74 million yen 3.92 million yen (+7.4％) 4.25 million yen (+16.4％) Fundamental Transformation Roadmap of Tokyo Metropolitan Area SST Operations 100% achieved 100% achieved Reduction more than planned * Figures exclude York Mart, York Foods, etc.
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 13 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 13 Status of Major Operation Strategies 2 North American CVS Operations Global CVS Operations & Domestic CVS Operations Q3 YTD Results 1 Efforts on Optimization of Group Structure 3
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 14 SEI FY2024 Q3 YTD Performance Overview Notes) 1.Figures are shown on SEI consolidated basis 2.Operating income + Depreciation and amortization FY2024 Q3 YTD FY2024 Revised Forecast (as of Oct. 10) (Millions of dollars unless otherwise noted) (1) Results YoY (%) YoY Change Plan YoY (%) YoY Change Total Store Sales 52,845) 95.9 (2,234) 69,740) 96.2 (2,773) Revenues from Operations (JGAAP) 43,525) 95.9 (1,876) 57,302) 95.9 (2,476) Operating Income 1,600) 73.7 (570) 2,150) 76.3 (666) EBITDA (2) 2,690) 82.6 (564) 3,602) 84.6 (654) Merchandise Existing Store Sales Growth (%) (3.4) - -) (3.0) - -) Merchandise Margin (%) 33.3) - (1.1) 33.3) - (0.9) Avg. retail gallons sold per store increase (%) (3.4) - -) (3.1) - -) Retail Fuel CPG (cent) 40.62) - (0.48) -) - -)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 15 92% 94% 96% 98% 100% 102% Progress on Sales Focus on Balancing Sales, Traffic, and Margin with Strong Value Offers and Improved Product Assortment CrowdStrike Outage Impact (~3,000 stores) SEI Sales Implemented Strong Value Offers and Enhanced Assortment to Balance Sales, Traffic, and Margin SS Sales ex Cig / Tobacco SS Sales SS Prop Products Sales Feb. Mar. Apr. May Jun.Jan. Aug. Sep. Oct. Dec.Jul. Nov. (Preliminary)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 16 Offer high quality products at a great price Drive Traffic and Margin through Proprietary Products Increase efficiency across the business by taking out costsDrive Sales with Strong Delivery Network Short / Intermediate-term Tactics Driving Sales, Traffic, and Margin by Increasing the Frequency of Visits & Attracting New Customers 7NOW DELIVERY VALUE / TRAFFIC DRIVING PROPRIETARY PRODUCTS COST LEADERSHIP4 1 2 3 Traffic Driving (Growing Modern Nicotine Category) Value Food Offerings • Food & Beverage Modernization • Investing in Restaurants and Private Brands • Enhancing Value Chain with Warabeya • Capitalize on Delivery Occasions • Emphasize Fresh Food • Grow 7NOW Gold Pass $350M Original FY2024 Target $500M Revised FY2024 Target Targeting OSG&A Reduction for FY2025
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 17 Traffic Driving (Growing Modern Nicotine) Value Food Offerings ①Value / Traffic Driving (1.9)% 1.3% 5.5% 6.8% 20.7% 9/23 9/30 10/7 10/14 10/21 APSD $ Change Donuts (1.6)% 0.8% 1.0% 5.4% 6.2% 9/23 9/30 10/7 10/14 10/21 APSD $ Change Hot Beverage $3 Large Coffee and a Ring Donut $41 $120 $0 $50 $100 0 5 10 15 APSD $ (right) Trips APSD (left) Sales & Margin Driven by Adoption of Modern Nicotine 53% of Adult Smokers 21+ Interested in Completely Switching From Cigarettes to a Non-combustible Nicotine Product 2022 2023 2024 Launched pipeline of Modern Nicotine Innovation / FBO National Regional 42 facings 76 facings Backbar Expansion Results 15.1% 31.5% Cigarettes Margin +16.4% Launch Launch Modern Nicotine Margin APSD $ Change Bone-In Wings 24.7% 25.2% (6.1)% 8/28 Launch $6.99 Buy 5 Get 5 Free Bone-In Wings Jul. Aug. Sep. Oct. (7.9)%
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 18 ②Proprietary Products – Food & Beverage Modernization and Warabeya Food & Beverage Modernization Grab and Go Hot Cases Specialty Beverages Self - serve Roller Grill Bake In - Store FY2024 Rollout Plan Full Food & Beverage Modernization Program Elements of Food & Beverage Modernization Program Enhance Value Chain with Warabeya New Warabeya Items Q3 New Items Old Bay Chicken Sandwich Everything Breakfast Sandwich Rice, Bean, and Cheese Burrito Q4 New Items Philly Cheesesteak Hot Sub Meatball/Pepperoni Hot Sub Texas Warabeya category APSD ($) 848 Stores Virginia Warabeya category APSD ($) 1,341 Stores Q3’23 YTD Q3’24 YTD +6% Q3’23 YTD Q3’24 YTD +17% Chicken Fajita Mexican Rice 830 1,294 2,124 ~Q3 Q4 Plan Total 77.0 82.0 89.0 104.0 FY2024 Installations* Early Verification +$145 APSD $ Lift *Partial & Full Program 9/1 – 12/1 2024
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 19 30 99 137 215 Q1 Q2 Q3 Q4 Private BrandsRestaurants ②Proprietary Products – Restaurants and Private Brands San Zeno Prosecco Private Brand-New Items 51% 33% 18% Private Brands MarginLaunching 215 New Items in FY2024 7S Rehydrate 7S Nuts & Seeds 7S Fusion Energy Private Brand National Brand (8th largest Mexican food chain in U.S) 1,068 Restaurants* * As of Q3 2024 Stores with Restaurants Drive Higher Sales & Traffic $5,927 $7,923 RestaurantsNon-Restaurants +34% 35.4% 36.0% RestaurantsNon-Restaurants +60bps $604 $1,332 RestaurantsNon-Restaurants +121% Total Store APSD Sales Total Store Net MarginTotal Food APSD Sales 737 1,138 RestaurantsNon-Restaurants +54% Total Store APSD Traffic
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 20 ③7NOW Delivery Driving Sales with Industry Leading Delivery Program Expanding to 7,500 stores & Targeting $1B in Sales by FY2025 7NOW Results & Forecast 7NOW Total Sales ($M) Strong 7NOW Performance $15.73 Average Basket Size (1.7X average in-store basket) ~28 mins Industry Leading Delivery Time +24% Same-store Sales Growth $725 2024F 2025E2022 2023 $447 $592 CAGR +14% $1Bn 5.3% Of Sales for Delivery Stores*as of 2024 Sep YTD Capitalize on Delivery Occasions1 Grow 7NOW Gold Pass2 Emphasize Fresh Food3 7NOW Current Actions 25% of 7NOW Top Selling 20 Items are Fresh Food & Prop Bev #1 Gatorade #6 Slurpee #11 Dr. Pepper #16 Celsius #2 Taquito #7 Cheetos #12 Ben & Jerrys #17 Arizona Tea #3 Coke #8 Big Gulp #13 Arizona Juice #18 Sprite #4 Red Bull #9 Reese’s #14 Pizza #19 Mountain Dew #5 Monster #10 Doritos #15 Wings #20 M&M
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 21 ④Cost Leadership FY2024 Cost Leadership Actions OSG&A Reduction vs. Prior Year FY2025 Target $156M $500M $231M $79M $34M FY2024 Target Financial Fees G&A/ Other Direct Store Expenses Merch & Fuel COGS $350M Original FY2024 Target $500M Revised FY2024 Target FY2024 Savings Roadmap Targeting OSG&A Reduction for FY2025 17.3% 16.4% (90)bps SEI OSG&A / Sales FY2025FFY2024 Plan Merch and Fuel COGS (1.7)% +0.2% Q3 Q3 YTD *Excluding Stripes W. Texas and 2023 non-recurring items $(39.6)M OSG&A Expense CAPEX +$12.2M Q3 YTD
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 22 Launch a Company-Wide Program to Further Accelerate Profitability Improvement in FY2025 KPI Target in 2025 US Same Store Sales +1.5% (FY2024 Forecast: (3.0)%) 1 Gross Profit Margin 34.1% (FY2024 Forecast: 33.3%) 2 OSG&A % vs. Net Sales 16.4% (FY2024 Forecast: 17.3%) 3 Ongoing Programs Gross Profit Margin2 OSG&A % vs. Net Sales3 Everything on the table Growth Margin OSG&A Launch Holistic Profitability Uplift Program Program Schedule Q1 FY2025 2H FY2025 Build Detailed Plan Full Implementation Q2 FY2025 Execute Quick Wins The Executive Committee leads programs with strong governance and a clear team structure. US Same Store Sales Value Food Offerings New categories and items Food & Beverage Modernization 1 Grow Proprietary Product sales Improve Cost of Goods Optimize Value Chain Execute cost leadership program Complete RIS/DEX integration Close underperforming stores Acceleration of Profitability Improvement in FY2025
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 23 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 23 2 North American CVS Operations Global CVS Operations & Domestic CVS Operations 1 3 Status of Major Operation Strategies Q3 YTD Results Efforts on Optimization of Group Structure
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 24 7-Eleven International (7IN) Q3 YTD Results Proceed as Planned for 7-Eleven Australia (SEA): Steady Growth in Merchandise Sales FY2023 FY2024 YoY Change vs. plan Change from plan Revenues from operations 102 2,024 - +1,921) 105.2 +100) Operating income 81 60 73.9 (21) 94.2 (3.6) EBITDA* 81 104 128.4 +23) 86.9 (15) 7IN consolidated results (Millions of dollar, ％) SEA existing store sales YoY trend 102.0% 109.5% 90% 95% 100% 105% 110% 115% Total Excl. cigarette Aug. Oct.Apr. Sep.Jul. Nov.Jun. Apr.-Sep. YoY Total 95.9% Excl. cigarette 103.5％ May ◼ Operating income increased, excluding the impact of the one-time expenses associated with the acquisition of SEA. ◼ SEA, acquired April 2024, aims to grow by improving and strengthening the core competencies of the CVS businesses, such as merchandise, store development, and store operations. ◼ Overview of FY2024 Q3 Development of fresh food merchandise and expansion of merchandise assortment, resulted in APSD growth of 103.5% YoY. (excl. cigarette) Strengthen efforts to build high-quality stores through concept and pilot stores. The number of manned stores increased by 13 YoY to 741 stores. * EBITDA includes equity in earnings/losses of affiliates
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 25 7IN: Global Growth Strategy Further Accelerate the Growth of the 7-Eleven Brand in Global Markets Implemented strategic investments and financing after full-scale launch of 7IN in January 2022 2023 Feb. Additional investments and loans for the Vietnam business 2024 Apr. Completed acquisition of 7-Eleven Australia (SEA) Actively consider strategic investments and financing for growing markets Role of 7IN Equity Model Penetration 7-Eleven International LLC SEJ SEI Strengthen support for existing areas Accelerate expansion into new regions 2030 Target = double ordinary income 2022 Jan. Full-scale launch of 7-Eleven International LLC 7-Eleven Corporation (Tentative)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 26 Investment Market: Growth of SEA (1) Driving Growth through Strengthening Fresh Food (FF) and Expanding the Merchandise Assortment 500 750 APSD growth by introduction of fixtures to increase the number of items Differentiation and APSD growth by FF 153 stores*2 March September Growth APSD (excl. cigarette) 99.5％ 104.9％ +5.4％ 21 stores*1 March September Growth APSD (excl. cigarette) 97.6％ 105.0％ +7.4％ FF mix 27.9％ 32.1％ +4.2％ 60 150 Number of original FF items 80 SKUs 100 SKUs Number of FF focused stores Number of fixture introduced stores Number of items FY2024 estimated FY2025 target FY2024 estimated FY2025 target *1 Verification of stores introduced from July to August 2024 after the full-scale deployment of FF strengthening initiatives *2 Verification of stores introduced from April to August 2024 after the closing 2,200 SKUs 2,500 SKUs 1,500 SKUs (As of Mar. 31 2024)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 27 104.7% 105.5% 117.7% 11/4w 11/11w 11/18w 11/25w 12/2w 12/9w 12/16w 12/23w 12/30w Investment Market: Growth of SEA (2) Achieve Growth by Developing “Close-by Convenient” Stores to Meet the Needs of Local Communities Trend on sales（YoY）Renovation and assortment changes (Tarneit North store) Renovation and assortment changes Differentiation by strengthening FF Assortment catering to one-stop shopping Tailor the assortment to each location to pursue the ideal vision for the store • Updated layout • Increased open cases • Increased gondolas • Introduced speed ovens • Installed fryers Tarneit North Store National Stores with fuel in Victoria State
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 28 Improving Profitability FY2025 (SEA) KPI target of FY2025 APSD 7,083 AUD (FY2024 Forecast: 6,281 AUD） 1 Gross Profit Margin 37.9% (FY2024 Forecast: 37.7%） 2 Number of Stores 757stores or more (FY2024 Forecast: 747 stores） 3 Strategies toward sustainable growth Achieve Sustainable Growth by Leveraging Our CVS Business Strengths Cultivated in Japan and the U.S. Existing store sales growth ✓ Develop differentiated fresh food ✓ Improve customer experience through apps ✓ Expand product range and create incentives to visit stores ✓ Provide various payment methods ✓ Expand delivery sales ✓ Establish Retailer Initiative Improvement of GP ✓ Increase sales mix of fresh food ✓ Build a supply chain to meet growth Preparation to accelerate store openings ✓ Identify successful formats through concept and pilot stores ✓ Open stores in target areas ✓ Enter new markets within the reach of current supply chain ✓ Close unprofitable stores ✓ Recruitment and HR training
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 29 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 29 2 1 3 Status of Major Operation Strategies Q3 YTD Results Efforts on Optimization of Group Structure North American CVS Operations Global CVS Operations & Domestic CVS Operations
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 30 101.3% 101.3% 96% 98% 100% 102% 104% Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. YOY of average daily sales for existing stores YOY of numbers of customers for existing stores Trend on Sales and Number of Customers Number of customers is on recovery trend by various initiatives Dec. YTD YoY (Preliminary) Sales 100.1% Number of customers 100.1％FY2020 FY2021 FY2022 FY2023FY2019 FY2024 COVID-19 pandemic (Behavioral restrictions) Transition to Category 5 Infectious Disease for COVID-19 (Lifting of behavioral restrictions) Acceleration of inflation (Increased awareness of protecting livelihoods) (Value proposition: Fair) (Balance value and price) (Value proposition: Merchandise refinement) Pricing strategy i nitiation of testing ・ One-Stop Shopping ・ response ・ (Expansion of frozen food, ・ alcohol, etc.) ・ Safe and secure shopping ・ environment (Optimization of Merchandise assortment) (Preliminary) (Preliminary) Number of Customers is on Recovery Trend by Various Initiatives
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 31 Pricing Strategy Optimize Assortment and Dispel “Expensive” Image to Attract Foot Traffic and New Customers Change in foot traffic (Nov. vs. Aug.)Pleasant Value (balance price and value) Optimize price range variations to meet customer needs Change in foot traffic & spending (YoY Change) Aug. Nov. Nov.-Aug. Monthly foot traffic/Person (0.16) times +0.14 times +0.30 times Monthly spending/Person (228) Yen ＋114 Yen +342 Yen The foot traffic of younger generation has increased, contributing to an increase in the number of customers Customer base with increased foot traffic Male Female +0.30 ±0.0 +0.2 +0.4 +0.6 Overall Minor 20s 30s 40s 50s Over 60s Minor 20s 30s 40s 50s Over 60s Note: National ID-POS data, August & November 2024 results Increase number of customers Reliable quality at an affordable price “Pleasant Value! Declaration” ・ Original Fresh Food: Approx. 65 items ・ Seven Premium : Approx. 205 items August 2024 November 2024 Change “Pleasant Value” merchandise purchase rate 31.4％ 35.7％ +4.3％ Change in purchase rate of “Pleasant Value” merchandise (Times)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 32 Expansion of New Merchandise (New Counter Merchandise) Boost Earnings by Increasing Gross Profit Amount from Just-Made & Fresh Counter Merchandise Maple Curry Bread Chocolate Seven Café BakeryCurry Bread to Seven Café Donuts Rise GP Deployment plan - Feb. 2026 Increase by approx. 10,000 stores Nov. 2024 Aug. 2025 (Plan) Feb. 2026 (Plan) 0 4,000 8,000 12,000 (Units) APSD effect Approx. +0.6% GP effect Approx. +0.9% Aug. Sep. Oct. Nov. 0 4,000 8,000 12,000 - Feb. 2025 Complete deployment nationwide Deployment results (Store) 2024 Approx. 12,000 Stores APSD effect Approx. +0.4% GP effect Approx. +0.7% Fluffy Melon Bread Butter-flavoured Financiers Chocolate Cookies Crispy Croissant Utilizing the curry bread manufacturing infrastructure Approx.1,000 Stores Approx. 12,500 Units Approx.1,000 Units New merchandise Sequential launch from Jan. 2025 Note) Daily sales and gross profit margin effects: The effect of increasing daily sales and gross profit margin in the previous year at stores where the new counter merchandise has been introduced. Apple Pie Twisted Donuts Sausage Donuts, etc. “Baked in store” series
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 33 TODAY’S AGENDA Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 33 2 1 3 Q3 YTD Results Status of Major Operation Strategies North American CVS Operations Global CVS Operations & Domestic CVS Operations Efforts on Optimization of Group Structure
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 34 Oct. 10, 2024 Plan to change the HD company name and full shift to CVS focused business Strategic Invest- ment on CVS Business Group Opti- mization Footprint of Our Group Strategy Evolution Continue to commit to taking actions to pursue best interests of our shareholders and other stakeholders Mar. 9, 2023～ Apr. 10, 2024Jul. 1, 2021 Jan. 24, 2018 Completed the partial acquisition of Sunoco May 14, 2021 Completed the acquisition of Speedway Jan. 12, 2022 Launch of 7-Eleven International LLC Apr. 1, 2024 Completed the acquisition of 7-Eleven Australia Apr. 17, 2024 Completed the acquisition of Sunoco-Stripes (West Texas)February 2023 Decided to invest additionally in Vietnam business Mar. 1, 2022 Completed the sale of OSHMAN’S Jul. 31, 2023 Completed additional sale of Francfranc May 1, 2023 Completed the sale of Barneys Japan Apr. 10, 2024 Initiated consideration for SST IPO Jul. 1, 2024 Completed the sale of Nissen HD Objectively assess and monitor Group’s key strategic initiatives and optimal group structure Accelerated actions to optimize the business portfolio and operation (Group Strategy Reevaluation) Sep. 1, 2023 Completed the sale of Sogo & Seibu Initiatives in enhancing our value Considerations in the Strategy Committee Medium Term Management Plan Oct. 10, 2024 Established intermediate HD company and initiated consideration of strategic partners for SST IPO Announced Additional Action Plans
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 35 Efforts on Optimization of Group Structure*（Extract from Oct. 10th Material) Plans to change the holding company name of “Seven & i Holdings” ‒ Focus on global CVS strategy with the unified management ‒ Requires changes in Articles of Incorporation, which will be addressed in the Shareholders’ Meeting in May 2025 Initiate consideration of applying IFRS (as soon as reasonably practical) Strategic initiatives to unlock SEI’s potential value 7-Eleven Corporation（tentative） 7IN Global CVS (Excluding Japan, North America) SEI Global CVS (North America) SEJ Domestic CVS (Japan) YORK Holdings Co., Ltd. Achieve a new group structure in which the CVS, SST and financials, each have capital and strategic independence OthersIY YB Food SM OthersLO AH Specialty stores / Others Set up an intermediary holding company to oversee SST business group for a planned IPO By bringing in strategic partners, SST business group will be accounted as equity method affiliate as well as leading to accelerated growth YORK HD will acquire the shares of SST business group after the group realignment in late February 2025 Financials Initiatives Initiatives for further considerat ion Promote enhancement of corporate / shareholder value through global growth Consideration of optimal capital relations with 7BK Enforcement of growth strategy with capital (financial) independence * SEJ: SEVEN-ELEVEN JAPAN CO., LTD., 7IN：7-Eleven International LLC, SEI：7-Eleven, Inc., IY：Ito-Yokado Co., Ltd., YB：York-Benimaru Co., Ltd., LO：The LOFT Co., LTD., AH：Akachan Honpo Co., Ltd., 7BK：Seven Bank, Ltd. 7BK Others 7BK group Capital Alliance with SST business (to maintain collaboration for providing highest- quality food)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 36 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 36 Appendix
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 37 3.2 2.8 2.7 2.9 7.4 0.6 0.9 3.7 (2.0) 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Feb. May Aug. Nov. Feb. May Aug. Nov. Feb. May Aug. Nov. CPI PPI 7.8 7.3 4.8 4.8 (2.0) 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Feb. May Aug. Nov. Feb. May Aug. Nov. Feb. May Aug. Nov. External Environment (Japan) Domestic PPI/CPI (Comprehensive)*1, 2 (％) (YoY Growth) CPI (Food)*1 2022 2023 (YoY Growth) (％) 2022 2023 Source: *1 e-Stat, *2 Bank of Japan 2024 2024
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 38 External Environment (US) 10.1 3.7 2.6 2.3 2.4 5.7 1.8 1.0 2.0 3.0 0.0 5.0 10.0 15.0 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. CPI (Food) PPI (Comprehensive) CPI(Food) /PPI(Comprehensive)*1 (％) 78.1 89.4 74.2 70.2 70.0 3.34 3.84 3.08 3.21 3.05 2.00 3.50 5.00 6.50 30 60 90 120 Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. WTI Fuel retail price (right) Crude oil price (WTI) /Fuel retail price*2 2022 2023 20242022 20232024 Nov. Nov. (YoY Growth) ($) Source: *1 BLS, *2 EIA ($)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 39 Consolidated B/S Summary (As of Nov. 30, 2024) Assets (Main items only) As of Feb. 29, 2024 As of Nov. 30, 2024 Change Current assets 3,035.6 2,962.7 (72.9) Cash and bank deposits 1,558.7 1,446.2 (112.4) Cash and bank deposits at Seven Bank 877.1 943.2 +66.1) Notes and accounts receivable - trade, and contract assets 464.1 454.9 (9.2) Merchandise and finished goods 283.3 296.0 +12.6) Non-current assets 7,555.4 7,920.4 +365.0) Property and equipment 4,362.5 4,546.3 +183.8) Buildings and structures, net 1,606.8 1,612.9 +6.1) Land 1,096.6 1,112.4 +15.7) Right-of-use assets, net 985.6 1,107.1 +121.4) Intangible assets 2,356.5 2,507.1 +150.6) Investments and other assets 836.3 866.9 +30.5) Deferred assets 0.98 0.63 (0.34) Total assets 10,592.1 10,883.8 +291.7) Liabilities and net assets (Main items only) As of Feb. 29, 2024 As of Nov. 31, 2024 Change Total liabilities 6,691.4 7,053.8 +362.3) Current liabilities 3,073.2 3,366.6 +293.3) Notes and accounts payable, trade 528.1 562.0 +33.8) Short-term loans 84.8 317.0 +232.1) Current portion of bonds and current portion of long-term loans 472.5 296.4 (176.1) Allowance for loss on business of subsidiaries and associates - 18.9 +18.9) Lease obligations 132.3 155.2 +22.8) Deposits received in banking business 803.7 825.0 +21.2) Non-current liabilities 3,618.2 3,687.1 +68.9) Bonds 1,356.5 1,332.5 (24.0) Long-term loans 824.6 791.6 (33.0) Lease obligations 931.7 1,056.4 +124.7) Total net assets 3,900.6 3,830.0 (70.5) Total liabilities and net assets 10,592.1 10,883.8 +291.7) (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 40 Consolidated Results (1H and Q3) 1H Q3 YoY YoY change YoY YoY change Group’s total sales*1 9,287.0 106.8 +593.1) 4,671.5 100.4 +20.7) Revenues from operations 6,035.5 108.8 +488.5) 3,034.0 100.0 +0.86) Operating income 186.9 77.6 (54.1) 128.4 76.0 (40.4) Ordinary income 167.2 73.7 (59.6) 114.4 70.9 (46.9) Net income attributable to owners of parent 52.2 65.1 (27.9) 11.3 11.2 (90.5) EPS (yen) 20.09 66.3 (10.19) 4.39 11.4 (34.07) EPS before amortization of goodwill (yen)*2 38.87 84.8 (6.94) 14.25 30.5 (32.51) EBITDA 471.5 95.0 (24.9) 272.3 90.8 (27.4) (Billions of yen, %) Notes) 1. Exchange rate: 1USD=151.46JPY, 1CNY=20.99JPY Notes) 2. The Company conducted a 3-for-1 common share split on March 1, 2024. “EPS” and “EPS before amortization of goodwill” are calculated as if the share split had occurred at the beginning of the previous fiscal year. *1 Group’s total sales include the sales of franchisees of Seven-Eleven Japan, Seven-Eleven Okinawa, 7-Eleven, Inc. and 7-Eleven Stores Pty Ltd. *2 Tax impact related to amortization of goodwill is taken into account.
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 41 Operating Income by Segment (1H and Q3) 1H Q3 YoY YoY change YoY YoY change Consolidated 186.9) 77.6 (54.1) 128.4) 76.0 (40.4) Domestic CVS operations 127.7) 92.2 (10.7) 55.2) 91.3 (5.2) Overseas CVS operations 73.3) 65.0 (39.5) 83.6) 70.6 (34.8) Superstore operations 3.5) 79.3 (0.91) (1.4) - +0.57) Financial services 17.4) 87.4 (2.5) 8.4) 94.0 (0.54) Others 3.8) 156.8 +1.3) 0.55) - +0.50) Eliminations/Corporate (38.8) - (1.7) (18.0) - (0.90) Note) Exchange rate: 1USD ＝151.46 JPY, 1CNY=20.99JPY (Billions of yen, %)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 42 (800) (400) 0 400 800 CF from operating activities CF from investing activities CF from financial activities Free CF (Billions of yen) FY2020 FY2021 FY2022 FY2023 FY2024 vs. FY2023 CF from operating activities 391.4) 481.5) 581.5) 486.1) 786.7) +300.6) CF from investing activities (294.0) (2,367.0) (295.0) (293.7) (723.6) (429.8) Free cash flow 97.4) (1,885.4) 286.5) 192.3) 63.0) (129.2) CF from financing activities (115.5) 1,030.3) (238.6) (163.9) (196.1) (32.2) Cash and cash equivalents at the end of period 1,334.4) 1,379.0) 1,516.0) 1,741.8) 1,445.2) (296.6) Q3 YTD Consolidated Statements of Cash Flows (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 43 Q3 YTD Superstore Operations & Others - Change in Operating Income Superstore operations Others (0.34) +1.8 2.0 (Billions of yen) (Billions of yen) Note) IY: Ito-Yokado YB: York-Benimaru Note) 7FS: Seven & i Food Systems, AH: Akachan Honpo
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 44 Q3 YTD Results of Major Operating Companies Operating income Existing store sales growth Change in merchandise GPMYoY YoY Change Seven-Eleven Japan 182.9) 91.6 (16.7) (0.1) (0.2) 7-Eleven, Inc.*1 242.4) 80.8 (57.7) (3.4) (1.1) [Millions of dollar] [1,600]) [73.7] [(570)] Ito-Yokado (4.1) - +2.8) (1.8) (0.9) +1.4) (0.7) York-Benimaru 12.1) 95.4 (0.58) +1.8) (0.1) (Billions of yen, %) (Former IY)(Former IY) (Former YO) (Former YO) *1 Figures are shown on SEI consolidated basis. *2 Represents SC total Note) Exchange rate: 1USD=151.46JPY *2
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 45 100.2 98.5 106.6 104.5 96.5 800 1,000 1,200 1,400 FY2020 FY2021 FY2022 FY2023 FY2024 Q3 80 90 100 110 Income of franchised stores (monthly amount) YOY Seven-Eleven Japan (1) +0.4 +0.2 +0.4 +0.1 ±0.0 (0.2) (0.4) +4.9 +4.5 +2.1 +0.4 ±0.0 (0.4) +0.2 (5.0) ±0.0 +5.0 (1.0) ±0.0 +1.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Change in GPM (left) Existing store sales growth (right) Existing store sales growth vs. FY2019 (right) Existing store sales & GPM (％) (％) FY2023 Trend in income of franchised stores (%) FY2024 Impact of unit price increase has run its course (Thousands of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 46 Seven-Eleven Japan (2) SG&A Q3 YTD Major factors for changeYoY YoY change SG&A 459.5 102.8 +12.3) Advertising expense 29.5 106.2 +1.7) Enhanced sales promotion Salaries and wages 58.5 97.2 (1.6) Optimized directly operated stores Land and building rent 149.4 102.4 +3.5) Increased number of storesDepreciation and amortization 67.6 103.5 +2.2) Utility expenses 49.1 104.5 +2.1) Increase in electric cost Other 105.2 104.3 +4.3) Increase in settlement fee Change in operating income 199.7 182.9 (16.7) (Billions of yen, %) (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 47 7-Eleven, Inc. (1) Merchandise Same Store Sales Growth +4.7 +1.7 (0.2)(1.7) (4.1) (2.4) (3.5) (0.2) +0.1 (20.0) (10.0) ±0.0 +10.0 +20.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q Oct. Nov. Existing store sales growth Existing store sales growth vs FY2019 (%) Merchandise Margin +1.0 +0.9 +0.1 (1.2) (2.0) (0.7) (0.8) 30.0 31.0 32.0 33.0 34.0 35.0 36.0 (3.0) (2.0) (1.0) ±0.0 +1.0 +2.0 +3.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q Merchandise margin (right) YOY change (left) (%) (%) FY2023 FY2024 FY2023 FY2024
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 48 7-Eleven, Inc. (2) +0.4 (6.9) (4.4) (1.1) (1.0) +3.4 (1.3) (9.3) +4.0 +1.1 (2.6) +2.2 (3.9) (2.1) (20.0) (10.0) ±0.0 +10.0 +20.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q (20.0) (10.0) ±0.0 +10.0 +20.0 Fuel sales volume growth (left) YOY change in CPG (right) Total Fuel Volume & Margin (Total CPG*) (￠)(%) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 0 500 1,000 1,500 Fuel Gross Profit Speedway * Total CPG is inclusive of Retail, Supply and Wholesale business FY2023 FY2024 (US$M) FY2022FY2021 FY2023 FY2024
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 49 7-Eleven, Inc. (3) SG&A Q3 YTD Major factors for changeYoY YoY change SG&A 7,102 103.2 +218) Advertising expense 97 77.2 (28) Decrease due to advertising timing Salaries and wages 2,303 100.9 +19) Increase due to Sunoco acquisition Land and building rent 856 104.2 +34) Increase due to inflation Depreciation and amortization 1,089 100.5 +5.7) Increase due to investment in store- related assets Utility expenses 408 101.0 +4.2) Increase in utility rates Other 2,347 108.5 +183) Increase due to R&M and system investment/ maintenance costs etc. Change in operating income (57.7) 300.1 242.4 (Millions of dollar, %) (Billions of yen)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 50 7-Eleven, Inc. (4) 10 30 50 70 2,000 3,000 4,000 5,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Fuel sales volume per store (gallon) (left) Retail CPG (¢) (right) Note) The chart shows retail fuel business (Gallon) (￠) Speedway Fuel sale volume / CPG (Retail) FY2022FY2019 FY2020 FY2021 FY2023 FY2024
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 51 Eliminations/Corporate Expenses and Capex for Group Strategy Expenses Capex Results YoY change vs. plan vs. full-year plan Full-year plan Results YoY change vs. plan vs. full-year plan Full-year plan DX, system, security, etc. (39.6) (0.20) +0.43 72.8 (54.5) 8.0 (4.6) (1.4) 52.0 15.4 Others (17.1) (2.4) +6.6 46.7 (36.8) 0.95 (3.1) (0.68) 46.6 2.0 Eliminations/Corporate (Operating income) (56.8) (2.6) +7.1 62.3 (91.3) 8.9 (7.8) (2.1) 51.4 17.5 Q3 YTD Results (Billions of yen, %)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 52 Achieving sustainable society with global perspectives Promotion of Sustainable Management (1) Sustainable management efforts are the basis for the “Medium-Term Management Plan 2021 – 2025” Promote group-wide efforts to address climate change Environmental Declaration “GREEN CHALLENGE 2050” Food waste volume 75% reduction Food waste recycling rate 100% Target net zero emissions through group’s operational management Aim to reduce through whole supply chain including Scope 3 Raw materials for original merchandise 100% sustainability-sourced materials Includes reduction of overall plastic materials related to sales Containers used for original merchandise 100% made with Eco-friendly materials No usage of plastic bags ① Reduce CO2 emissions1 ③ Reduce food waste & food ③ waste recycling 3 ② Measures against plastic2 ④ Sustainable sourcing4 FY2050 target Disclosed in September 2024Disclosed in June 2020 * Revised in March 2022
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 53 Further strengthen efforts to achieve the targets set out in the environmental declaration by 2050 Promotion of Sustainable Management (2) 2013年 2023年 2030年 2050年2013年 2023年 2030年 2050年 2013年 2023年 2030年 2050年 2013年 2023年 2030年 2050年 Reduce CO2 emissions Reduce food waste & food waste recycling (Domestic) Less than 1% used 39.1% used 50% used 100% used Measures against plastic Sustainable sourcing (Domestic) Less than 1% used 20.0% used 50% used 100% used 1 3 2 4 FY2013 FY2023 FY2030 FY2050 2013年 2023年 2030年 2050年 100 Reduced by 34.4% Reduce by 50% Net zero 100 Reduced by 30.6% Reduce by 50% Reduce by 75% FY2013 FY2023 FY2030 47.9% 64.0% 70% 100% FY2050 Food waste volume Food waste recycling rate Reduction in emissions from store operations Ratio of sustainably sourced ingredients used in food ingredients for proprietary products FY2013 FY2023 FY2030 FY2050 FY2013 FY2023 FY2030 FY2050 FY2013 FY2023 FY2030 FY2050
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 54 The information disclosed by the Company may contain forward-looking statements. These statements are based on management’s judgment in accordance with materials available to the Company at the time of disclosure, with future projections based on certain assumptions. The forward-looking statements therefore incorporate various risks, estimates, and uncertainties, and as such, actual results and performance may differ from the future outlook included in disclosed information due to various factors, such as changes in business operations and the financial situation going forward.