Contents
Consolidated Results
Ⅰ.Financial Results P1
Ⅱ.Major Factors for the Change P2
Ⅲ.Segment Information P3
Ⅳ.Interest-Bearing Debt P4
Results and Business Performance of Major Companies
Ⅰ.Convenience Store OperationsP5
Ⅱ.Superstore OperationsP7
Ⅲ.Department Store Operations P9
Ⅳ.Food Services P10
Ⅴ.Financial Services P10
Ⅵ.Group Strategy P11
Ⅶ.Capital Expenditures, Depreciation and Amortization of P12 Major Group Companies
Store Information
Ⅰ.Store Openings and Closures of Major CompaniesP13Ⅱ.Store Information on Convenience Store Operations P14Ⅲ.Store Information on Supestore Operations P15
Ⅳ.Store Information on Department Store Operations P15
Ⅴ.Number of Stores by Type P16
Ⅵ.Sales Floor Space P16
January 12, 2017 Seven & i Holdings Co., Ltd.
■Consolidated Results
Ⅰ.Financial Results
Nine Month Ended Nov. 30, 2015
Nine Month Ended Nov. 30, 2016
Fiscal Year Ended Feb. 29, 2016
(Millions of yen)
Fiscal Year Ending Feb. 28, 2017 (Forecast) | |
YOY(%) | |
10,500,000 | 98.1 |
YOY(%) YOY(%) YOY(%)
Group's total sales*18,025,141 104.9 7,909,351 98.6 10,703,064 104.6
Convenience store operations | 2,040,761 | 98.3 | 1,891,437 | 92.7 | 2,675,890 | 98.1 |
Superstore operations | 1,524,809 | 102.5 | 1,501,934 | 98.5 | 2,060,516 | 102.4 |
Department store operations | 632,376 | 100.8 | 610,757 | 96.6 | 884,716 | 101.1 |
Food services | 63,085 | 103.9 | 62,179 | 98.6 | 83,839 | 103.5 |
Financial services | 144,110 | 107.7 | 148,943 | 103.4 | 192,487 | 108.0 |
Mail order services | 116,053 | 87.8 | 87,169 | 75.1 | 158,732 | 85.4 |
Others | 45,923 | 112.6 | 42,235 | 92.0 | 61,582 | 114.3 |
Eliminations / corporate | (53,227) | - | (55,728) | - | (72,061) | - |
Operating income (loss) | 261,037 | 104.6 | 274,006 | 105.0 | 352,320 | 102.6 |
Convenience store operations | 235,704 | 112.4 | 241,952 | 102.7 | 304,110 | 109.9 |
Superstore operations | 443 | 4.7 | 12,379 | - | 7,234 | 37.4 |
Department store operations | (3,271) | - | (3,546) | - | 3,832 | 54.3 |
Food services | 802 | - | 255 | 31.8 | 917 | - |
Financial services | 37,665 | 101.9 | 38,956 | 103.4 | 49,697 | 105.3 |
Mail order services | (7,296) | - | (7,726) | - | (8,451) | - |
Others | 3,848 | 137.2 | 3,199 | 83.1 | 5,559 | 151.5 |
Eliminations / corporate | (6,859) | - | (11,463) | - | (10,578) | - |
Ordinary income | 259,408 | 104.1 | 276,401 | 106.6 | 350,165 | 102.5 |
Special gains | 2,215 | 69.6 | 2,676 | 120.8 | 6,103 | 126.2 |
Special losses | 28,694 | 116.6 | 106,965 | 372.8 | 52,493 | 145.3 |
Income before income taxes | 232,929 | 102.2 | 172,112 | 73.9 | 303,775 | 97.9 |
Revenues from operations
5,770,000 | 95.4 |
2,460,000 | 91.9 |
2,070,000 | 100.5 |
843,000 | 95.3 |
82,600 | 98.5 |
203,000 | 105.5 |
129,000 | 81.3 |
57,000 | 92.6 |
(74,600) | - |
353,000 | 100.2 |
309,000 | 101.6 |
11,500 | 159.0 |
4,000 | 104.4 |
300 | 32.7 |
52,000 | 104.6 |
(10,500) | - |
5,000 | 89.9 |
(18,300) | - |
351,000 | 100.2 |
80,000 | 49.7 |
4,513,893 100.3 4,288,929 95.0 6,045,704 100.1
Net income attributable to owners of parent
125,439 98.5 75,538 60.2 160,930 93.0
141.88 98.5 | 85.43 60.2 | 182.02 93.0 | 90.51 | 49.7 |
Number of shares outstanding | (shares) | |||
Average*2 | 884,126,270 | 884,164,022 | 884,132,485 | |
End of period*2 | 884,150,312 | 884,355,220 | 884,151,095 |
Net income per share
yen % yen % yen % yen %
*1. Group's total sales include the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees.
Convenience store's total sales including total store sales of Seven-Eleven Japan and 7-Eleven, Inc. for the nine months ended 2015 and 2016, fiscal year ended Feb. 29, 2016 are 5,552,009 million yen, 5,511,859 million yen, and 7,333,250 million yen.
*2. Excluding treasury stock. Exchange rates | |||||||
Nine Month Ended Nov. 30, 2015 | Nine Month Ended Nov. 30, 2016 | Fiscal Year Ended Feb. 29, 2016 | |||||
Income statements U.S.$1= 1yuan= | 120.98 19.33 | 108.57 16.48 | 121.10 19.23 | ||||
Balance sheets U.S.$1= 1yuan= | 119.96 18.96 | 101.12 15.14 | 120.61 18.36 | ||||
Operating income before amortization of goodwill | Fiscal Year Ended Feb. 29, 2016 | ||||||
Nine Month Ended Nov. 30, 2015 | Nine Month Ended Nov. 30, 2016 | ||||||
YOY(%) | YOY(%) | YOY(%) | |||||
Total | 276,730 | 105.0 | 285,937 | 103.3 | 373,552 | 103.1 | |
Convenience store operations Superstore operations Department store operationsFood services Financial services Mail order services Others | 243,457 2,798 695 802 38,936 (7,291) 4,191 | 112.7 23.7 31.0 - 102.1 - 142.1 | 248,263 14,703 (1,475) 255 39,934 (7,726) 3,444 | 102.0 525.3 - 31.8 102.6 - 82.2 | 314,788 10,374 9,120 917 51,392 (8,446) 5,984 | 110.3 46.1 73.9 - 105.4 - 155.0 | |
Eliminations / corporate | (6,859) | - | (11,463) | - | (10,578) | - |
(yen)
Fiscal Year Ending Feb. 28, 2017 (Forecast) |
106.00 16.00 |
- - |
Note: Eliminations / corporate in operating income mainly reflect the Company's operating expenses relating to the Group strategy.
Fiscal Year Ending Feb. 28, 2017 (Forecast) | |
YOY(%) | |
370,000 | 99.0 |
(Millions of yen)
Ⅱ.Major Factors for the Change
*For results of major operating companies, please refer to page 5 to 12.
(Millions of yen)
Nine Month Ended Nov. 30, 2016 | Major Factors for the Change | |||
Change | ||||
Group's total sales*1 | 7,909,351 | (115,790) |
| |
Revenues from operations | 4,288,929 | (224,964) |
Decreased gasoline sales mainly due to lower crude oil prices. [Decreased in amount excluding foreign exchange effects: 47.4 billion yen] | |
Operating income (loss) | 274,006 | +12,968 | Higher income in convenience store operations, superstore operations and financial services despite a downward pressure from the effect of a stronger yen [6.0 billion yen]. | |
Convenience stores | 241,952 | +6,247 |
Growth led by standard products such as sandwiches, fryer foods, etc. Existing store sales and merchandise gross profit margin both increased. Higher merchandise sales led by fresh food and beverages. | |
Superstores | 12,379 | +11,935 |
Profit increased due to revision for appropriate sales promotion measures and improvement of gross profit margin, despite a decline in existing store sales. Higher income due to growth in existing store sales and improvement of gross profit margin. | |
Department stores | (3,546) | (275) |
Lower income due to decline in existing store sales and deterioration of gross profit margin. | |
Food services | 255 | (546) | Lower income at Seven & i Food Systems | |
Financial services | 38,956 | +1,290 |
| |
Mail order services | (7,726) | (430) | Lower income at Nissen Holdings | |
Others | 3,199 | (649) | ||
Eliminations / corporate*3 | (11,463) | (4,603) | Lower income mainly due to increase in depreciation and amortization related to the Group's portal website. | |
Ordinary income | 276,401 | +16,993 | In addition to an increase in operating income, profit increased due to an incerase in non-operating income. | |
Income attributable to owners of parent | 75,538 | (49,901) | Lower income due to an increase in special losses. |
*1. Group's total sales include the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees.
*2. Life Foods is a wholly owned subsidiary which produces and sells delicatessen in York-Benimaru stores.
*3. Eliminations / corporate in operating income mainly reflect the Company's operating expenses relating to the Group strategy.
Ⅲ.Segment Information
Business segment information (Millions of yen)Nine Months Ended Nov. 30, 2015 | Nine Months Ended Nov. 30, 2016 | Fiscal Year Ended Feb. 29, 2016 | |||||
YOY(%) | YOY(%) | Composition(%) | YOY(%) | ||||
Capital expenditures | 155,631 | 105.9 | 199,915 | 128.5 | 69.0 | 238,372 | 123.4 |
Convenience store operations | |||||||
Superstore operations | 68,634 | 129.5 | 42,868 | 62.5 | 14.8 | 81,354 | 124.2 |
Department store operations | [ - ] | [ - ] | [35,839] | [52.2] | [57,078] | [87.2] | |
15,141 | 124.3 | 12,120 | 80.1 | 4.2 | 17,515 | 113.9 | |
Food services | 1,208 | 47.1 | 1,798 | 148.7 | 0.6 | 1,853 | 52.9 |
Financial services | 27,490 | 80.7 | 19,263 | 70.1 | 6.6 | 33,422 | 85.5 |
Mail order services | 4,259 | 154.0 | 1,006 | 23.6 | 0.3 | 4,766 | 124.9 |
Others | 3,181 | 63.5 | 4,133 | 129.9 | 1.4 | 3,678 | 68.3 |
Corporate | 16,594 | 241.0 | 8,668 | 52.2 | 3.0 | 18,240 | 120.4 |
Total | 292,142 | 110.9 | 289,773 | 99.2 | 100.0 | 399,204 | 117.0 |
[ - ] | [ - ] | [282,744] | [96.8] | [374,928] | [109.9] | ||
Depreciation and amortizat | ion | 113.1 | 91,280 | 106.4 | 59.3 | 116,514 | 112.9 |
Convenience store operations | 85,781 | ||||||
Superstore operations | 17,379 | 115.2 | 19,033 | 109.5 | 12.4 | 23,800 | 115.0 |
Department store operations | 10,170 | 101.3 | 9,877 | 97.1 | 6.4 | 13,569 | 101.3 |
Food services | 609 | 117.5 | 639 | 104.8 | 0.4 | 828 | 116.7 |
Financial services | 21,753 | 117.0 | 21,952 | 100.9 | 14.3 | 29,071 | 115.2 |
Mail order services | 2,787 | 97.5 | 2,646 | 94.9 | 1.7 | 3,730 | 97.1 |
Others | 2,237 | 110.4 | 2,171 | 97.0 | 1.4 | 2,958 | 110.0 |
Corporate | 2,973 | 169.8 | 6,431 | 216.3 | 4.2 | 5,036 | 208.2 |
Total | 143,693 | 113.4 | 154,032 | 107.2 | 100.0 | 195,511 | 113.5 |
Amortization of goodwill | 120.0 | 6,311 | 81.4 | 52.9 | 10,677 | 122.6 | |
Convenience store operations | 7,752 | ||||||
Superstore operations | 2,355 | 100.0 | 2,324 | 98.7 | 19.5 | 3,140 | 100.0 |
Department store operations | 3,966 | 100.0 | 2,071 | 52.2 | 17.4 | 5,288 | 100.1 |
Food services | - | - | - | - | - | - | - |
Financial services | 1,270 | 110.4 | 978 | 77.0 | 8.2 | 1,695 | 108.7 |
Mail order services | 4 | 67.2 | - | - | - | 4 | 50.5 |
Others | 343 | 237.8 | 244 | 71.3 | 2.1 | 425 | 221.1 |
Total | 15,693 | 111.4 | 11,931 | 76.0 | 100.0 | 21,232 | 112.4 |
Impairment loss | 155.8 | 8,739 | 121.8 | 19.5 | 9,369 | 163.3 | |
Convenience store operations | 7,178 | ||||||
Superstore operations | 4,566 | 146.5 | 18,105 | 396.5 | 40.4 | 12,273 | 172.6 |
Department store operations | 1,604 | 309.3 | 16,255 | - | 36.3 | 3,972 | 225.3 |
Food services | 364 | 111.4 | 803 | 220.2 | 1.8 | 636 | 134.9 |
Financial services | - | - | - | - | - | 28 | - |
Mail order services | 179 | - | 10 | 5.9 | 0.0 | 2,358 | - |
Others | 30 | 96.1 | 905 | - | 2.0 | 161 | 361.4 |
Total | 13,923 | 161.9 | 44,820 | 321.9 | 100.0 | 28,800 | 189.2 |
Fiscal Year Ending Feb. 28, 2017 (Forecast) | |
YOY(%) | |
389,100 | 163.2 |
60,200 | 74.0 |
[53,200] | [65.4] |
16,900 | 96.5 |
2,700 | 145.7 |
39,400 | 117.9 |
2,300 | 48.2 |
6,400 | 174.0 |
12,000 | 65.8 |
529,000 | 132.5 |
[522,000] | [139.2] |
125,400 | 107.6 |
24,700 | 103.8 |
12,800 | 94.3 |
900 | 108.7 |
28,400 | 97.7 |
2,900 | 77.7 |
2,700 | 91.3 |
9,200 | 182.7 |
207,000 | 105.9 |
Notes: 1. Capital expenditures include long-term leasehold deposits and advances for store construction. An increase of the future amortization of assets under the "Accounting Standard for Asset Retirement Obligations" is not included.
Figures for actual results don't include goodwill and others related to the acquisition of stores, etc.
Corporate in capital expenditures mainly reflect the Company's capital expenditures relating to the Group strategy.
Capital expenditures include investments related to openings of stores for each fiscal year and beyond.
In capital expenditures, figures in square brackets [ ] show the figures reflecting the securitization of assets of a new store in superstore operations.
Depreciation and amortization include amortization on intangible assets. Corporate in depreciation and amortization mainly reflect the Company's depreciation and amortization relating to the Group strategy.
Amortization of goodwill include only the amount recorded on selling, general and administrative expenses.
Impairment losses include 1,392 million yen, 6,121 million yen, and 6,108 million yen recorded as restructuring expenses in the consolidated income statements for the nine months ended Nov. 30, 2015 and 2016, and recorded as the same for the fiscal year ended Feb. 29, 2016.
Nine Months Ended Nov. 30, 2015 | Nine Months Ended Nov. 30, 2016 | Fiscal Year Ended Feb. 29, 2016 | |||||
YOY(%) | YOY(%) | Composition(%) | YOY(%) | ||||
Revenues from operations | 2,992,783 | 102.9 | 2,967,006 | 99.1 | 69.2 | 4,056,272 | 102.9 |
Japan | |||||||
North America | 1,420,304 | 94.6 | 1,239,160 | 87.2 | 28.9 | 1,855,305 | 94.2 |
Others | 102,531 | 108.4 | 83,766 | 81.7 | 2.0 | 136,058 | 103.8 |
Eliminations | (1,726) | - | (1,005) | - | - | (1,931) | - |
Total | 4,513,893 | 100.3 | 4,288,929 | 95.0 | - | 6,045,704 | 100.1 |
Operating income | 208,776 | 97.4 | 221,907 | 106.3 | 81.0 | 288,068 | 97.4 |
Japan | |||||||
North America | 52,615 | 142.4 | 51,855 | 98.6 | 18.9 | 65,148 | 130.8 |
Others | (363) | - | 233 | - | 0.1 | (842) | - |
Eliminations | 8 | - | 9 | 102.8 | - | (53) | - |
Total | 261,037 | 104.6 | 274,006 | 105.0 | - | 352,320 | 102.6 |
Note: "Others" consists of the business results in China, etc.
Seven & I Holdings Co. Ltd. published this content on 12 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 10:40:17 UTC.
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