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To whom it may concern,

October 8, 2015


Company Name: Seven & i Holdings Co., Ltd. Representative: Noritoshi Murata

President & Representative Director (Code No. 3382/First Section of the Tokyo Stock Exchange)


[Delayed] Regarding Structural Reform of Business


To achieve sustainable growth, the Seven & i Group is promoting its business under the management priorities of 'break away from conventional chain store concept,' 'reinforce a store-led operating framework and product lineups that reflect regional characteristics,' and 'promote the Group's

Omni-Channel Strategy.'

At Ito-Yokado Co., Ltd. and Sogo & Seibu Co., Ltd., various measures have already been implemented to improve profitability. Seven & i Holdings announced that today the boards of directors of both companies have decided on a range of new initiatives that will be effectively implemented to create stores that will win even greater support from customers.


  1. Ito-Yokado Co., Ltd.

    i. Organizational changes

    :

    Shift from a Head Office-led to a store-led operating framework

    ii. Store operation strategy

    :

    Expand independent store operation to all stores

    iii. Invigorate sales areas

    :

    Strengthen product lineup through tenant mix

    iv. Renovate existing stores

    :

    Strengthen food division through face-to-face sales of fish and meat, and strengthened delicatessen and other items

    v. Reduce inventory

    :

    Significantly reduce inventories through item-by-item management

  2. Business structure reforms currently underway


    i. Store policy

    :

    Leverage advantage in site locations, particularly in the Tokyo metropolitan area

    In regional areas, strengthen ties with alliance partners, mainly in food

    ii. Invigorate sales areas

    :

    As part of strengthening product lineup, further promote tenant mix through the consolidation of Mall & SC Development Inc. into Ito-Yokado

    iii. New store openings

    :

    Concentrate on opening formats with earning potential, such as shopping centers and food-specialty stores

    iv. Productivity enhancement

    :

    Reduce Head Office personnel by 30%, transfer certain head office functions to stores

    Close 40 stores without profitability improvement potential over the next five years

    In addition, conduct right-sizing of staff

  3. Structure reforms to be implemented from the second half of the fiscal year onward

  4. Sogo & Seibu Co., Ltd.

  5. i. Strengthen key stores

    :

    Strengthen retailer-managed product development and store- managed sales areas in coordination with full-scale rollout of the Omni-Channel Strategy

    ii. Strengthen regional stores

    :

    Enhance product lineups matched to regional characteristics, introduce new services, and promote development into shopping centers

  6. Business structure reforms currently underway



  7. Structure reforms to be implemented from the second half of the fiscal year onward Store policy : Closure of SEIBU Kasukabe (February 29, 2016)

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