Contents
Consolidated Results
Ⅰ.Financial Results P1
Ⅱ.Major Factors 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 Synergy P11
Ⅶ.Capital Expenditures, Depreciation and Amortization of P12 Major Companies
Store Information
Ⅰ.Store Openings and Closures of Major CompaniesP13Ⅱ.Store Information of Convenience Store Operations P14Ⅲ.Store Information of Supestore Operations P15
Ⅳ.Store Information of Department Store Operations P15
Ⅴ.Number of Stores by Type P16
Ⅵ.Sales Floor Space P16
July 7, 2016 Seven & i Holdings Co., Ltd.
■Consolidated Results
The consolidated financial results forecast for the fiscal year ending February 28, 2017, has been left undetermined.
The reason is that a business restructuring plan for the future of the Company's consolidated subsidiary Nissen Holdings Co., Ltd. is ongoing consideration at this point. For reference, the figures excluding Mail order services are presented.
The consolidated financial results forecast will be announced without delay as soon as it becomes possible to make a rational projection.
Ⅰ.Financial Results(Millions of yen)
Three Months Ended May 31, 2015
Three Months Ended May 31, 2016
Fiscal Year Ending Feb. 28, 2017 (Forecast) | |
YOY(%) | |
10,873,000 | - |
Fiscal Year Ended Feb. 29, 2016
YOY(%) YOY(%) YOY(%)
Group's total sales*12,545,189 103.3 2,560,924 100.6 10,703,064 104.6
Convenience store operations | 606,214 | 94.0 | 583,727 | 96.3 | 2,675,890 | 98.1 |
Superstore operations | 516,659 | 101.6 | 514,617 | 99.6 | 2,060,516 | 102.4 |
Department store operations | 212,636 | 98.1 | 204,505 | 96.2 | 884,716 | 101.1 |
Food services | 21,344 | 105.7 | 21,005 | 98.4 | 83,839 | 103.5 |
Financial services | 47,068 | 107.2 | 48,644 | 103.3 | 192,487 | 108.0 |
Mail order services | 37,801 | 90.6 | 26,604 | 70.4 | 158,732 | 85.4 |
Others | 16,682 | 126.4 | 14,246 | 85.4 | 61,582 | 114.3 |
Eliminations / corporate | (17,624) | - | (18,600) | - | (72,061) | - |
Operating income (loss) | 81,856 | 105.6 | 81,483 | 99.5 | 352,320 | 102.6 |
Convenience store operations | 66,126 | 111.5 | 68,894 | 104.2 | 304,110 | 109.9 |
Superstore operations | 6,031 | 80.5 | 6,517 | 108.1 | 7,234 | 37.4 |
Department store operations | (92) | - | (1,005) | - | 3,832 | 54.3 |
Food services | 423 | - | (125) | - | 917 | - |
Financial services | 11,552 | 106.0 | 12,779 | 110.6 | 49,697 | 105.3 |
Mail order services | (2,793) | - | (2,992) | - | (8,451) | - |
Others | 1,353 | 167.2 | 1,146 | 84.7 | 5,559 | 151.5 |
Eliminations / corporate | (745) | - | (3,729) | - | (10,578) | - |
Ordinary income | 81,181 | 105.0 | 82,385 | 101.5 | 350,165 | 102.5 |
Special gains | 973 | 162.1 | 598 | 61.5 | 6,103 | 126.2 |
Special losses | 5,332 | 76.8 | 8,131 | 152.5 | 52,493 | 145.3 |
Income before income taxes | 76,822 | 108.3 | 74,853 | 97.4 | 303,775 | 97.9 |
Revenues from operations
6,010,000 | - |
2,725,000 | 101.8 |
2,125,000 | 103.1 |
886,000 | 100.1 |
87,000 | 103.8 |
205,000 | 106.5 |
- | - |
58,000 | 94.2 |
(76,000) | - |
389,000 | - |
315,400 | 103.7 |
25,300 | 349.7 |
8,200 | 214.0 |
2,100 | 229.0 |
51,400 | 103.4 |
- | - |
4,600 | 82.7 |
(18,000) | - |
385,700 | - |
184,100 | - |
1,440,782 97.9 1,394,749 96.8 6,045,704 100.1
Net income attributable to owners of parent
42,228 106.9 43,150 102.2 160,930 93.0
47.77 106.9 | 48.80 102.2 | 182.02 93.0 | - - |
Number of shares outstanding | (shares) | ||
Average*2 | 884,077,346 | 884,180,553 | 884,132,485 |
End of period*2 | 884,142,321 | 884,199,400 | 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 three months ended 2015 and 2016, fiscal year ended Feb. 29, 2016 are 1,710,622 million yen, 1,749,902 million yen, 7,333,250 million yen.
*2. Excluding treasury stock Exchange rates | |||||||
Three Months Ended May 31, 2015 | Three Months Ended May 31, 2016 | Fiscal Year Ended Feb. 29, 2016 | |||||
Income statements U.S.$1= 1yuan= | 119.16 19.08 | 115.35 17.60 | 121.10 19.23 | ||||
Balance sheets U.S.$1= 1yuan= | 120.17 19.36 | 112.68 17.39 | 120.61 18.36 | ||||
Operating income before amortization of goodwill | Fiscal Year Ended Feb. 29, 2016 | ||||||
Three Months Ended May 31, 2015 | Three Months Ended May 31, 2016 | ||||||
YOY(%) | YOY(%) | YOY(%) | |||||
Total | 86,959 | 105.7 | 85,598 | 98.4 | 373,552 | 103.1 | |
Convenience store operationsSuperstore operations Department store operationsFood services Financial services Mail order services Others | 68,569 6,816 1,229 423 11,971 (2,791) 1,484 | 111.5 82.3 43.0 - 106.1 - 172.8 | 70,828 7,291 (21) (125) 13,120 (2,992) 1,228 | 103.3 107.0 - - 109.6 - 82.7 | 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 | (745) | - | (3,729) | - | (10,578) | - |
(yen)
Fiscal Year Ending Feb. 28, 2017 (Forecast) |
115.00 19.00 |
- - |
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(%) | |
409,000 | - |
(Millions of yen)
Ⅱ.Major Factors
*For results of major operating companies, please refer to page 5 to 12.
(Millions of yen)
Three Months Ended May 31, 2016 | Major Factors | |||
YOY(%) | ||||
Group's total sales*1 | 2,560,924 | +15,734 | (1) Growth in total store sales at Seven-Eleven Japan
(2) Downward pressure from the effect of a stronger yen [23.8 billion yen] | |
Revenues from operations | 1,394,749 | (46,032) | (1) Mainly decrease of gasoline sales at 7-Eleven, Inc.
[Decrease in amount excluding foreign exchange effects: 23.5 billion yen] (2) Downward pressure from the effect of a stronger yen [15.0 billion yen] | |
Operating income (loss) | 81,483 | (372) | ||
Convenience stores | 68,894 | +2,767 | (1) Seven-Eleven Japan
(2) 7-Eleven, Inc.
| |
Superstores | 6,517 | +485 | (1) Ito-Yokado
(2) York-Benimaru (Including Life Foods*2)
| |
Department stores | (1,005) | (913) | (1) Sogo & Seibu
(2)Lower income at LOFT | |
Food services | (125) | (549) | Lower income at Seven & i Food Systems | |
Financial services | 12,779 | +1,226 |
| |
Mail order services | (2,992) | (198) | Lower income at Nissen Holdings | |
Others | 1,146 | (207) | ||
Eliminations/corporate*3 | (3,729) | (2,983) |
| |
Ordinary income | 82,385 | +1,204 |
| |
Income attributable to owners of parent | 43,150 | +921 |
*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.
The consolidated financial results forecast for the fiscal year ending February 28, 2017, has been left undetermined.
The reason is that a business restructuring plan for the future of the Company's consolidated subsidiary Nissen Holdings Co., Ltd. is ongoing consideration at this point. For reference, the figures excluding Mail order services are presented.
The consolidated financial results forecast will be announced without delay as soon as it becomes possible to make a rational projection.
Ⅲ.Segment Infromation
Business segment information (Millions of yen)Three Months Ended May 31, 2015 | Three Months Ended May 31, 2016 | Fiscal Year Ended Feb. 29, 2016 | Fiscal Year Ending Feb. 28, 2017 (Forecast) | ||||||
YOY(%) | YOY(%) | Composition(%) | YOY(%) | YOY(%) | |||||
Capital expenditures | 46,928 | 92.4 | 49,061 | 104.5 | 52.0 | 238,372 | 123.4 | 363,400 | 152.5 |
Convenience store operations | |||||||||
Superstore operations | 19,953 | 160.1 | 25,595 | 128.3 | 27.2 | 81,354 | 124.2 | 53,200 | 65.4 |
[18,566] | [93.0] | [57,078] | [87.2] | ||||||
Department store operations | 5,220 | 87.6 | 5,566 | 106.6 | 5.9 | 17,515 | 113.9 | 15,600 | 89.1 |
Food services | 543 | 75.5 | 627 | 115.3 | 0.7 | 1,853 | 52.9 | 2,700 | 145.7 |
Financial services | 9,454 | 73.4 | 6,744 | 71.3 | 7.2 | 33,422 | 85.5 | 39,400 | 117.9 |
Mail order services | 1,066 | 105.6 | 391 | 36.7 | 0.4 | 4,766 | 124.9 | - | - |
Others | 1,123 | 30.4 | 2,341 | 208.4 | 2.5 | 3,678 | 68.3 | 6,400 | 174.0 |
Corporate | 7,730 | 840.9 | 3,942 | 51.0 | 4.2 | 18,240 | 120.4 | 12,000 | 65.8 |
Total | 92,022 | 104.0 | 94,270 | 102.4 | 100.0 | 399,204 | 117.0 | 492,700 | - |
[87,241] | [94.8] | [374,928] | [109.9] | ||||||
Depreciation and amortizat | ion | 110.5 | 30,718 | 111.7 | 59.5 | 116,514 | 112.9 | 131,700 | 113.0 |
Convenience store operations | 27,503 | ||||||||
Superstore operations | 5,526 | 112.7 | 6,369 | 115.3 | 12.3 | 23,800 | 115.0 | 25,300 | 106.3 |
Department store operations | 3,356 | 100.8 | 3,370 | 100.4 | 6.5 | 13,569 | 101.3 | 13,200 | 97.3 |
Food services | 198 | 135.6 | 228 | 114.9 | 0.4 | 828 | 116.7 | 900 | 108.7 |
Financial services | 7,009 | 118.6 | 7,256 | 103.5 | 14.1 | 29,071 | 115.2 | 28,400 | 97.7 |
Mail order services | 918 | 98.2 | 905 | 98.6 | 1.8 | 3,730 | 97.1 | - | - |
Others | 752 | 111.5 | 705 | 93.8 | 1.4 | 2,958 | 110.0 | 2,700 | 91.3 |
Corporate | 720 | 127.7 | 2,063 | 286.4 | 4.0 | 5,036 | 208.2 | 9,200 | 182.7 |
Total | 45,984 | 111.2 | 51,617 | 112.2 | 100.0 | 195,511 | 113.5 | 211,400 | - |
Amortization of goodwill | 109.6 | 1,933 | 79.1 | 47.0 | 10,677 | 122.6 | |||
Convenience store operations | 2,443 | ||||||||
Superstore operations | 785 | 100.0 | 774 | 98.7 | 18.8 | 3,140 | 100.0 | ||
Department store operations | 1,321 | 99.9 | 983 | 74.4 | 23.9 | 5,288 | 100.1 | ||
Food services | - | - | - | - | - | - | - | ||
Financial services | 419 | 109.4 | 341 | 81.3 | 8.3 | 1,695 | 108.7 | ||
Mail order services | 2 | 102.6 | - | - | - | 4 | 50.5 | ||
Others | 130 | 263.4 | 81 | 62.4 | 2.0 | 425 | 221.1 | ||
Total | 5,102 | 106.9 | 4,114 | 80.6 | 100.0 | 21,232 | 112.4 | ||
Impairment loss | 168.3 | 1,134 | 224.6 | 24.5 | 9,369 | 163.3 | |||
Convenience store operations | 504 | ||||||||
Superstore operations | 558 | 96.9 | 1,424 | 255.0 | 30.7 | 12,273 | 172.6 | ||
Department store operations | 314 | 305.9 | 954 | 303.7 | 20.6 | 3,972 | 225.3 | ||
Food services | 86 | 118.3 | 192 | 221.8 | 4.2 | 636 | 134.9 | ||
Financial services | - | - | - | - | - | 28 | - | ||
Mail order services | - | - | 28 | - | 0.6 | 2,358 | - | ||
Others | - | - | 902 | - | 19.5 | 161 | 361.4 | ||
Total | 1,464 | 138.8 | 4,636 | 316.6 | 100.0 | 28,800 | 189.2 |
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.
Capital expenditures include investments related to openings of stores for each fiscal year and beyond.
Corporate in capital expenditures mainly reflect the Company's capital expenditures relating to the Group strategy.
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 record on selling, general and administrative expenses.
Impairment losses include 1,320 million yen recorded as restructuring expenses in the consolidated income statement for the three months ended May 31, 2016, and 6,108 million yen recorded as the same for the fiscal year ended Feb. 29, 2016.
Three Months Ended May 31, 2015 | Three Months Ended May 31, 2016 | Fiscal Year Ended Feb. 29, 2016 | |||||
YOY(%) | YOY(%) | Composition(%) | YOY(%) | ||||
Revenues from operations | 995,804 | 102.1 | 988,780 | 99.3 | 70.9 | 4,056,272 | 102.9 |
Japan | |||||||
North America | 408,231 | 88.3 | 374,899 | 91.8 | 26.9 | 1,855,305 | 94.2 |
Others | 37,289 | 106.7 | 31,422 | 84.3 | 2.3 | 136,058 | 103.8 |
Eliminations | (543) | - | (353) | - | - | (1,931) | - |
Total | 1,440,782 | 97.9 | 1,394,749 | 96.8 | - | 6,045,704 | 100.1 |
Operating income | 74,670 | 99.8 | 71,831 | 96.2 | 88.2 | 288,068 | 97.4 |
Japan | |||||||
North America | 7,185 | 229.4 | 9,806 | 136.5 | 12.0 | 65,148 | 130.8 |
Others | (1) | - | (158) | - | (0.2) | (842) | - |
Eliminations | 2 | 100.8 | 2 | 103.0 | - | (53) | - |
Total | 81,856 | 105.6 | 81,483 | 99.5 | - | 352,320 | 102.6 |
Note: "Others" consists of the business results in China, etc.
Seven & I Holdings Co. Ltd. published this content on 07 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 July 2016 12:25:05 UTC.
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