Strategy Change at Seven & i Holdings: Realignment as a Growth Strategy

Seven & i Holdings Co. has unveiled extensive plans for restructuring and rebranding. The renowned company plans to operate under the name 7-Eleven Corp. in the future and to divest non-core business areas. With this step, the company leadership aims to highlight the value of the business, particularly in light of an increased takeover offer from Alimentation Couche-Tard. As part of this realignment, Seven & i Holdings has lowered its forecast for operating profit for the current fiscal year ending in February. The new outlook is now 403 billion yen, which is approximately 2.7 billion dollars. This is significantly lower than the previous forecast of 545 billion yen and the average analyst expectation of 524 billion yen.