Convenience Store Business Continues to be the Growth Driver
For the first quarter, in spite of a 0.6% increase of total sales as a result of network expansion and existing store sales growth in SEJ, Seven & I’s total revenue declined by 3.2% year over year to JPY 1.4 trillion. This was primarily because of a 3.7% decrease in the convenience store business due to gasoline sales decline and negative effect of stronger yen in SEI, a 3.8% decline in department store business as a result of existing store sales decrease, and a 1.6% decrease in food servic...Seven & i Holdings is a holding company mainly engaged in the retail business. Co.'s business segments are convenience stores, superstores, department stores, food services, finance related, mail order & e-business and others. Co. is engaged in the operation of direct and franchise convenience stores called "7- Eleven." As of Feb 28 2018, Co. maintains total of 20,260 convenience stores throughout Japan. Co. is also engaged in the operation of supermarkets, specialty stores, full-service and fast food restaurants, meal provision service business to company cafeterias, hospitals and schools, banking and credit card services, leasing business, as well as the provision of IT business.
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