7-Eleven Owner Projects Lower Annual Profit, Delays North American Unit IPO

By Kosaku Narioka

Seven & i Holdings projected a drop in annual net profit and said it will delay the planned listing of its North American convenience-store business.

The 7-Eleven owner said Thursday that net profit fell 14% from a year earlier to 94.30 billion yen, equivalent to $594.7 million, for the three months ended February. That beat the Y60.6 billion estimate in a poll of analysts by data provider Visible Alpha.

The Japanese company said it will list its North American convenience-store business in the fiscal year starting March 2027 at the earliest. It previously planned for an initial public offering by the end of this year.

Fourth-quarter revenue dropped 18% to Y2.379 trillion, partly due to the recent sale of superstores and other businesses.

For the new fiscal year that began in March, it projected revenue to decline 9.4% to Y9.448 trillion and net profit to fall 7.8% to Y270.00 billion.

The 7-Eleven owner has been taking steps to boost earnings, such as improving its offerings of proprietary and freshly made food items.

Seven & i announced a series of measures in March 2025 to raise its shareholder value as it sought to head off Alimentation Couche-Tard's $47 billion takeover attempt, which the Canadian owner of Circle K abandoned in July.

The Japanese company sold a group of superstores and other businesses for $5.4 billion.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

April 09, 2026 03:40 ET (07:40 GMT)