Seven-Eleven Japan owner Seven & i Holdings has reported first-quarter (Q1) operating income of Y105bn ($649.06m), up 122.4% year-on-year (YoY) on a like-for-like (LFL) basis.
The comparison excludes the deconsolidation of York Holdings and Seven Bank.
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Net income attributable to owners of the parent climbed 95.3% to Y60.6bn for the quarter ended 31 May 2026, with earnings per share (EPS) rising 118.4% to Y26.21.
Merchandise sales across the convenience store group grew 3.2% YoY to Y2.42tn.
Revenues from operations came to Y2.37tn while earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Y233.2bn.
Seven-Eleven Japan posted same-store sales growth of 2%, which the company linked to increased customer spending and stronger footfall.
Merchandise gross profit margin rose 0.3 percentage points to 32%, and total store sales climbed 2.4% to Y1.37tn.
The company pointed to ongoing investment in fresh food, store upgrades and digital tools.
In the US, 7-Eleven (SEI) recorded same-store merchandise sales growth of 1.4%, with total store sales up 1.2% to Y2.38tn.
Operating income for the US arm rose to Y88bn, which the company attributed to stronger fuel margins amid sharp volatility in energy commodity markets during the period, in line with broader industry patterns.
SEI continued to pursue its North Star plan, covering merchandise, fresh food, store network upgrades and customer experience.
Seven & i has revised its full-year FY26 outlook, increasing its operating income forecast by Y20bn and its net income forecast by Y8bn on the back of the stronger first-quarter results.
The firm now anticipates double-digit growth in operating income for the full year on a LFL basis.
Updated forecasts put operating income at Y425bn, a 10.5% YoY rise on a LFL basis, with net income at Y278bn, up 9.1%. Revenues from operations are forecast at Y10.43tn and EPS at Y120.89.
The company said it plans to reinvest part of the first-half gains into strategic growth initiatives while applying more conservative assumptions for fuel market conditions in the second half.
Seven & i Holdings president and CEO Steve Dacus said: “Reflecting our strong first-quarter performance, we have raised our full-year operating income and net income forecasts. On the same basis, we now expect operating income to deliver double-digit growth for the full fiscal year.”
