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7&i, Mar-Nov (Cumulative 3Q) Net Income Decreases by 65%, Sep-Nov Net Income Decreases by 89%

Thu Jan 9, 2025 3:30 pm JST Earnings

3382 Seven & I Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Seven & I Holdings Co.,Ltd. <3382> [TSE Prime] announced its financial results after the market closed on January 9th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 65.1% from the same period last year to 63.6 billion yen. The progress rate toward the full-year plan of 163 billion yen was 39.0%, also falling below the five-year average of 79.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the December to February period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 99.3 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated net income significantly dropped to 11.3 billion yen, a 88.8% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 4.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 8,823,781 394,873 370,264 234,708 88.6 77.8 Jan 12, 2023 J-GAAP
Mar - Nov, 2023 8,580,207 410,019 388,239 182,162 68.7 76.6 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 9,069,591 315,401 281,633 63,630 24.5 79.1 Jan 9, 2025 J-GAAP
YoY +5.7% -23.1% -27.5% -65.1% -64.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 5,924,740 293,133 280,219 144,395 54.6 18.84 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,843,466 216,004 188,780 110,758 42.7 20 Oct 10, 2024 J-GAAP
YoY -1.4% -26.3% -32.6% -23.3% -21.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 11,811,303 506,521 475,887 280,976 106.1 37.67 Apr 6, 2023 J-GAAP
Feb, 2024 11,471,753 534,248 507,086 224,623 84.9 37.67 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 11,879,000 403,000 356,000 163,000 62.8 40 Oct 10, 2024 J-GAAP
YoY +3.5% -24.6% -29.8% -27.4% -26.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 3,033,194 168,904 161,372 101,934 38.5 5.6 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 2,891,546 124,229 118,847 42,461 16.1 4.3 Apr 10, 2024 J-GAAP
Mar - May, 2024 2,734,750 59,344 55,000 21,388 8.2 2.2 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 3,300,784 127,652 112,220 30,854 11.9 3.9 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 3,034,057 128,405 114,413 11,388 4.4 4.2 Jan 9, 2025 J-GAAP
YoY +0.0% -24.0% -29.1% -88.8% -88.6%

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