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Seven & I Holdings Adjusts Financial Forecasts

Seven & I Holdings Adjusts Financial Forecasts

Seven & I Holdings Co (JP:3382) has released an update.

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Seven & I Holdings Co., Ltd. reported a discrepancy between their projected and actual financial results for the first half of the fiscal year ending August 31, 2024, leading to a downward revision of their year-end forecasts. The revision was attributed to lower customer turnout and sales in their 7-Eleven subsidiary and a significant loss incurred by the withdrawal of Ito-Yokado Online Supermarket Co., Ltd. As a result, the company experienced a considerable decline in operating income, ordinary income, and net income per share.

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