Seven & I Holdings Co (3382) AI Stock Analysis

• Market Cap: ¥5.36T
• Dividend Yield: 2.02%
• Average Volume (3M): 6.48M
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.46
• Revenue Growth: -3.40%
• EPS Growth: 26.42%
• Country: JP
• Employees: 47,814
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Grocery Stores
• EPS (TTM): 31.45
• Shares Outstanding: 2,604,556,000
• 10 Day Avg. Volume: 7,014,690
• 30 Day Avg. Volume: 6,478,673
• PEG Ratio: -1.50
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 13.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,571.34
• Price Target Upside: 24.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 107.38
• Revenue Forecast (FY): ¥9.91T

• Rating: 55 Neutral
• Price Target: ¥2,162.00 ▲(4.72% Upside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is driven primarily by middling financial performance: solid free cash flow is offset by TTM revenue decline, thin margins, and elevated leverage. Technical indicators add a modest drag due to negative MACD and price below key intermediate moving averages, while valuation is a mild support with a reasonable P/E and moderate dividend yield.

Positive Factors

Strong Free Cash Flow

Material and growing free cash flow (TTM ~¥516B, +26% growth) supports sustainable funding of store investment, franchise support and dividends. Durable FCF strengthens the firm’s ability to fund capex and pay down debt without relying on capital markets over the medium term.

Franchise-led Scale

The 7-Eleven franchise model delivers recurring fee income and franchise/wholesale economics tied to a broad store network. High-frequency purchases, local merchandising and an asset-light franchise mix create a structural earnings base and network effects that persist over multiple quarters.

Diversified retail portfolio & logistics

Operating across convenience stores, supermarkets and services reduces single-channel risk and smooths revenue cycles. Large-scale distribution and merchandising capabilities lower unit costs and support private-label margins, providing a durable competitive cost advantage.

Negative Factors

Top-line weakness

A trailing-twelve-month revenue decline of -5.4% signals sustained top-line pressure that erodes operating leverage. Persistent revenue contraction can offset cost efficiencies and limit the company’s ability to expand higher-margin initiatives or fund growth projects from internal cash flows.

Thin Profitability Margins

Very thin net and EBIT margins leave limited buffer against cost inflation, competitive price moves or adverse volume shifts. Low margin structure makes earnings volatile to small cost changes and constrains long-term free cash flow conversion if margins cannot sustainably improve.

Elevated Leverage

Debt-to-equity around 1.07 reflects a debt-heavy capital structure that restricts financial flexibility. Elevated leverage increases interest exposure, limits capacity for major acquisitions or aggressive buybacks, and raises refinancing risk if cash flows weaken over the medium term.

Seven & I Holdings Co Business Overview & Revenue Model

Company Description

Seven & i Holdings Co., Ltd. engages in retail, food, financial, and IT businesses in Japan, North America, and internationally. It operates through seven segments: Domestic Convenience Store operations, Overseas Convenience Store Operations, Superstore Operations, Department Store Operations, Financial Services, Specialty Stores Operations, and Others. The company's Domestic Convenience Store Operations segment operates convenience stores comprising directly managed corporate stores and franchised stores. Its Overseas Convenience Store Operations segment engages in convenience store operation and gasoline retail businesses. The company's Superstore Operations segment operates retail business that provide daily life necessities, such as food and other daily necessities. Its Department Store Operations operates department stores that provide various merchandise products. The company's Financial Services segment offers banking, leasing, and credit card services. Its Specialty Store Operations segment operates specialty retail stores. The company's others segment engages in real estate and other businesses. It operates approximately 22,500 stores in Japan and 71,800 stores internationally. The company was incorporated in 2005 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Seven & i Holdings primarily generates revenue and profit through its convenience store-led retail model, supplemented by other retail and service businesses. The largest earnings driver is the 7‑Eleven convenience store business, which makes money from (1) sales at company-operated stores (revenue from merchandise sold to consumers), and (2) franchise-related income from franchised stores, which typically includes ongoing fees/royalties and other charges tied to the franchise system; the group also earns through wholesale/merchandising functions that supply franchisees and company stores with products. Across the convenience store network, profitability is supported by high-frequency purchases, a broad assortment (notably food and ready-to-eat items), and private-label/own-brand products where applicable, plus logistics and distribution efficiencies from operating at scale. Beyond convenience stores, the group earns revenue from its supermarket and other retail operations through in-store consumer sales. Where the group operates additional service businesses, it earns income via the respective service fees and operating profits of those subsidiaries. Significant factors contributing to earnings include the scale of its store network, the mix of franchised versus company-operated stores (affecting the balance of franchise fee income versus retail sales), merchandising and product mix (higher-margin categories and private-label), and supply chain/distribution capabilities; specific partnership terms or contribution amounts are null.

Seven & I Holdings Co Financial Statement Overview

Summary

Financials are resilient but not strong: TTM revenue declined (-5.4%) and margins are thin (TTM net margin ~1.7%, EBIT margin ~3.1%), increasing sensitivity to cost/pricing changes. Cash generation is solid with TTM free cash flow of ~¥516B and +26% growth, but cash conversion is a watch item (FCF ~54% of net income). Balance sheet leverage is elevated (TTM debt-to-equity ~1.07), limiting flexibility despite improving ROE (~8.3% TTM).

Income Statement

TTM (Trailing-Twelve-Months) revenue declined (-5.4%), pointing to a softer top-line backdrop versus the prior annual growth rates. Profitability remains positive but thin for the sector profile, with TTM net margin at ~1.7% and EBIT margin at ~3.1%. Margins improved versus the most recent annual period (net margin ~1.4% in FY2025), but earnings are still sensitive to small changes in costs and pricing.

Balance Sheet

Leverage is elevated with debt slightly above equity (TTM debt-to-equity ~1.07; similar levels in recent years), which limits balance-sheet flexibility. Return on equity is moderate in TTM (~8.3%), improving versus the most recent annual period (~4.3%), but the capital structure remains debt-heavy. Overall asset base is substantial, but the leverage profile is a key constraint.

Cash Flow

Cash generation is solid, with TTM free cash flow of ~¥516B and strong TTM free cash flow growth (+26%). However, cash conversion is a watch item: free cash flow is only ~54% of net income in TTM, suggesting working-capital or reinvestment demands consume a meaningful share of earnings. Operating cash flow is steady year-to-year, supporting ongoing funding needs despite some variability in free cash flow growth across periods.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	10.53T	11.97T	11.47T	11.81T	8.75T	5.77T
Gross Profit	2.86T	3.06T	3.02T	2.94T	2.45T	2.07T
EBITDA	1.06T	905.53B	840.83B	927.94B	705.04B	529.90B
Net Income	307.90B	173.07B	224.62B	280.98B	210.78B	179.26B
Balance Sheet
Total Assets	8.91T	11.39T	10.59T	10.55T	8.74T	6.95T
Cash, Cash Equivalents and Short-Term Investments	678.69B	1.37T	1.56T	1.67T	1.42T	2.19T
Total Debt	3.68T	4.20T	3.84T	4.04T	2.96T	1.79T
Total Liabilities	5.38T	7.17T	6.69T	6.90T	5.59T	4.12T
Stockholders Equity	3.50T	4.03T	3.72T	3.47T	2.98T	2.67T
Cash Flow
Free Cash Flow	515.58B	400.59B	422.58B	536.26B	398.97B	262.14B
Operating Cash Flow	842.21B	831.46B	760.01B	841.48B	736.48B	560.00B
Investing Cash Flow	-434.77B	-731.74B	-428.82B	-410.86B	-2.51T	-393.94B
Financing Cash Flow	-1.19T	-348.27B	-467.05B	-185.74B	936.74B	670.36B

Seven & I Holdings Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2064.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3382, the sentiment is Negative. The current price of 2064.5 is below the 20-day moving average (MA) of 2095.97, below the 50-day MA of 2184.56, and below the 200-day MA of 2084.39, indicating a bearish trend. The MACD of -41.29 indicates Negative momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 73.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3382.

Seven & I Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8198	78 Outperform	¥113.61B	16.52	―	1.92%	2.30%	26.52%
9974	76 Outperform	¥154.20B	15.86	―	1.64%	10.13%	23.77%
2742	72 Outperform	¥92.12B	10.82	―	1.47%	7.75%	-1.68%
8194	72 Outperform	¥216.99B	15.19	―	2.43%	4.48%	13.17%
3038	69 Neutral	¥802.20B	35.69	15.52%	0.78%	8.63%	48.30%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
3382	55 Neutral	¥5.36T	17.05	8.27%	2.02%	-3.40%	26.42%

Seven & I Holdings Co Corporate Events

Seven & i Completes ¥600 Billion Buyback, Sticks to ¥2 Trillion Plan

Seven & i Holdings has completed a major share repurchase program authorized by its board in April 2025, acquiring 284,297,500 shares for a total of about ¥600 billion, including 16,836,100 shares bought between February 1 and 19, 2026 on the Tokyo Stock Exchange. The company will maintain its plan to repurchase an additional ¥1.4 trillion of shares by FY2030, bringing the total targeted buybacks to ¥2.0 trillion under its capital and business transformation strategy.

The completed buyback slightly lifts the company’s earnings per share metrics, with the EPS run-rate forecast for the fiscal year ending February 2026 nudged up to ¥116.80, while the EPS based on the average number of shares remains unchanged at ¥109.57. These EPS figures are presented solely to reflect the reduced share count and do not alter the company’s underlying net income forecast, underscoring that the impact is chiefly financial-structuring rather than operational in nature.

The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2400.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.

Seven & i Nears Completion of Large-Scale Share Buyback Program

Seven & i Holdings has disclosed the latest progress of its ongoing share buyback program, reporting that it repurchased 23,350,600 shares of its common stock on the Tokyo Stock Exchange between January 1 and January 31, 2026, at a total cost of ¥52.1 billion under a discretionary trading contract. This activity forms part of a large-scale repurchase plan approved in April 2025 authorizing up to 400 million shares and ¥600 billion through February 28, 2026; as of January 31, 2026, the company has bought back 267,461,400 shares for about ¥561.1 billion, indicating it has executed the majority of the program, which may support capital efficiency and shareholder returns by reducing shares outstanding.

The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2395.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.

Seven & i Reshapes Consolidation Scope and Accounting in FY2026 Q3 Update

Seven & i Holdings has published supplementary materials for its third-quarter results for the fiscal year ending February 28, 2026, detailing consolidated performance, segment information for domestic and overseas convenience stores, superstores and financial services, as well as store counts, floor space and capital expenditures. The company also outlines a major structural shift in its reporting scope, having deconsolidated Seven Bank and a 29‑company supermarket and specialty store group in mid-2025, which are now treated as equity-method affiliates from the second half onward and form the basis for its full-year earnings forecast; in addition, Seven & i has adopted Japan’s new accounting standard for current income taxes from FY2026, underscoring changes that will affect comparability of its results for investors and other stakeholders.

The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2274.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.

Seven & i Holdings Lifts Profit and Guidance Despite Revenue Decline, Raises Dividend

Seven & i Holdings reported consolidated results for the nine months ended November 30, 2025, showing an 11.2% decline in revenues from operations to ¥8,050.9 billion but a 3.1% increase in operating income to ¥325.1 billion, while net income attributable to owners of the parent surged more than threefold to ¥198.5 billion, significantly lifting EPS and EPS before amortization of goodwill despite lower group total sales and a modest drop in EBITDA. The company’s financial position showed reduced total assets and net assets alongside a higher equity ratio, and it plans to raise its annual dividend to ¥50 per share for the fiscal year ending February 28, 2026; alongside a previously approved share buyback and treasury stock cancellation, it has revised its full-year forecast to anticipate lower revenue but higher profitability, with net income projected to jump 56%, underscoring a strategic emphasis on shareholder returns and earnings quality over top-line expansion.

The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2274.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.

Seven & i Holdings Nears ¥509 Billion in Share Buybacks Under Large Repurchase Program

Seven & i Holdings Co., Ltd. reported the progress of its ongoing share buyback program, disclosing that it repurchased 28,867,700 common shares for a total of ¥62.8 billion between December 1 and December 31, 2025 through discretionary trading on the Tokyo Stock Exchange. This forms part of a larger Board-approved authorization from April 2025 allowing buybacks of up to 400 million shares or ¥600 billion through February 28, 2026; as of December 31, 2025, the company had cumulatively acquired 244,110,800 shares for approximately ¥508.9 billion, signaling an aggressive capital allocation policy likely aimed at enhancing shareholder returns and optimizing its capital structure.

The most recent analyst rating on (JP:3382) stock is a Hold with a Yen2274.00 price target. To see the full list of analyst forecasts on Seven & I Holdings Co stock, see the JP:3382 Stock Forecast page.