Seven & i Holdings (TSE: 3382), which operates the 7-Eleven convenience-store network worldwide, reported results for the first quarter of the fiscal year ending February 2027 — the three months from March 1 to May 31, 2026. Operating revenue fell 14.3% to ¥2,378,819m, but operating profit jumped 61.4% to ¥105,039m, ordinary profit rose 89.1% to ¥100,735m and net profit attributable to owners rose 23.6% to ¥60,600m. Quarterly EPS was ¥26.21, up from ¥18.97.
Profit surges despite lower revenue
The 14.3% decline in reported operating revenue largely reflects lower top-line figures in the North American convenience-store business, where changes in the fuel and merchandise mix and the earlier restructuring reduced reported revenue; profitability, however, improved sharply. Operating profit climbed 61.4% and ordinary profit rose 89.1% to ¥100,735m. Comprehensive income swung to a positive ¥126,675m from negative ¥114,551m a year earlier.
Convenience-store network and reference metrics
Group convenience-store merchandise sales rose to ¥2,423,362m from ¥2,347,223m a year earlier. EBITDA increased 13.4% to ¥233,246m from ¥205,732m, and earnings per share before goodwill amortisation rose to ¥38.04 from ¥29.52. The figures underscore a shift in emphasis from top-line scale toward margin and cash-flow quality across the group's global store base.
Balance sheet and dividend
As of May 31, 2026, total assets stood at ¥9,565,703m and net assets at ¥3,716,664m, for an equity ratio of 38.6%. Net assets per share were ¥1,595.65. The company raised its annual dividend plan for FY2/27 to ¥60.00 — an interim of ¥30.00 and a year-end of ¥30.00 — up from ¥50.00 the previous year (¥25.00 interim, ¥25.00 year-end); per-share figures also factor in the effect of planned share buybacks.
Full-year outlook
For the full year, Seven & i guided revised operating revenue of ¥10,430,000m (0.0%), operating profit of ¥425,000m (+0.5%), ordinary profit of ¥390,000m (+3.3%) and net profit of ¥278,000m (−5.0%), for EPS of ¥120.89. For the first half it expects operating revenue of ¥5,510,000m (−1.9%), operating profit of ¥234,000m (+12.3%), ordinary profit of ¥217,000m (+16.4%) and net profit of ¥118,000m (−3.1%).
| Metric | Q1 FY2/27 | Q1 FY2/26 | YoY |
|---|---|---|---|
| Operating revenue (¥m) | 2,378,819 | 2,777,370 | −14.3% |
| Operating profit (¥m) | 105,039 | 65,076 | +61.4% |
| Ordinary profit (¥m) | 100,735 | 53,281 | +89.1% |
| Net profit attrib. (¥m) | 60,600 | 49,014 | +23.6% |
| EBITDA (¥m) | 233,246 | 205,732 | +13.4% |
| EPS (¥) | 26.21 | 18.97 | +38.2% |
| Equity ratio | 38.6% | 39.6% | −1.0pp |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.