Seven & i Holdings Co., Ltd. (TSE:3382) said on April 10, 2024, it was considering a listing of its superstore business, which is mainly comprised of supermarkets, as part of a plan to maximise corporate value. Under pressure from activist investors, Seven & i has been selling off underperforming retail assets and doubling down on its global convenience store business centred around its 7-Eleven brand. The company said in a statement it is considering an initial public offering for its superstore segment, which includes its Ito-Yokado stores, "as soon as reasonably practical", while its global convenience store business is likely to become its main pillar of growth.

Seven & i said its board is considering a plan to retain a stake in the superstore segment once it is separated in 2026. Seven & i last year faced down a board challenge from U.S.-based activist fund ValueAct Capital, which had urged the company to consider a spin-off of its convenience store unit. ValueAct did not immediately respond to requests for comment on reports that Seven & i was considering a listing of its Ito-Yokado stores.