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    3382   JP3422950000

SEVEN & I HOLDINGS CO., LTD.

(3382)
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Seven & i : Brief Summary FY2021(Revised July 1, 2021)

07/01/2021 | 02:10am EDT

Brief Summary FY2021(Revised July 1, 2021)

Contents

Consolidated Results

Ⅰ.Financial Results

P1

Ⅱ.Major Factors for the Change

P2

Ⅲ.Segment Information

P3

Ⅳ.Interest-Bearing Debt & Ratings

P4

Ⅴ.Financial Results (New Business Segment Information)

P6

Ⅵ.Segment Information (New Business Segment Information)

P7

Ⅶ.Interest-Bearing Debt (New Business Segment Information)

P7

Ⅷ.Consolidated Balance Sheets

P8

Ⅸ.Consolidated Statements of Income

P9

Ⅹ.Consolidated Statements of Cash Flows

P10

Financial Results and Business Performance of Major Companies

Ⅰ.Domestic Convenience Store Operations

P11

Ⅱ.Overseas Convenience Store Operations

P12

Ⅲ.Superstore Operations

P13

Ⅳ.Department Store & Specialty Store Operations

P15

Ⅴ.Financial Services

P16

Ⅵ.Group Strategy

P17

Ⅶ.Capital Expenditures, Depreciation and Amortization of Major Companies P18

Store Information

Ⅰ.Number of Stores and Store Openings / Closures of Major Companies

P19

Ⅱ.Store Information in Domestic / Overseas Convenience Store Operations

P20

Ⅲ.Store Information in Superstore Operations

P21

Ⅳ.Store Information in Department Store & Specialty Store Operations

P21

Ⅴ.Number of Stores by Type

P22

Ⅵ.Sales Floor Space

P22

Ⅶ.Employee and Other Information

P23

July 1, 2021 Seven & i Holdings Co., Ltd.

Consolidated Results

New business segments will be applied from the second quarter of FY2022. Please refer to pages 6-7for data on the new business segments.

Ⅰ.Financial Results

(Millions of yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ending

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

Feb. 28, 2022 (Forecast)

YOY(%)

YOY(%)

YOY(%)

YOY(%)

Group's total sales

12,018,004

108.8

11,997,643

99.8

11,044,874

92.1

13,549,000

122.7

Revenues from operations

6,791,215

112.5

6,644,359

97.8

5,766,718

86.8

8,038,000

139.4

Domestic convenience store operations

955,443

102.9

971,236

101.7

920,832

94.8

968,000

105.1

Overseas convenience store operations

2,821,053

142.4

2,739,833

97.1

2,191,383

80.0

4,301,000

196.3

Superstore operations

1,902,507

100.1

1,849,121

97.2

1,810,884

97.9

1,844,000

101.8

Department store operations

592,100

90.0

577,633

97.6

425,153

73.6

468,000

110.1

Financial services

215,007

105.9

217,367

101.1

198,927

91.5

204,000

102.5

Specialty store operations

355,474

85.3

339,660

95.6

263,803

77.7

302,000

114.5

Others

23,720

100.8

25,202

106.2

22,011

87.3

23,000

104.5

Eliminations / Corporate

(74,093)

-

(75,695)

-

(66,277)

-

(72,000)

-

Operating income (loss)

411,596

105.1

424,266

103.1

366,329

86.3

380,000

103.7

Domestic convenience store operations

246,721

100.6

256,601

104.0

234,258

91.3

247,100

105.5

Overseas convenience store operations

92,266

116.7

102,001

110.6

98,097

96.2

114,700

116.9

Superstore operations

21,173

99.6

21,307

100.6

29,683

139.3

23,800

80.2

Department store operations

3,737

69.6

797

21.3

(6,248)

-

700

-

Financial services

52,874

106.4

53,610

101.4

48,077

89.7

33,100

68.8

Specialty store operations

6,680

-

4,690

70.2

(13,572)

-

(200)

-

Others

2,659

72.4

1,554

58.5

1,944

125.1

2,400

123.4

Eliminations / Corporate

(14,515)

-

(16,296)

-

(25,911)

-

(41,600)

-

Ordinary income

406,523

104.0

417,872

102.8

357,364

85.5

343,500

96.1

Special gains

15,556

116.5

8,554

55.0

10,433

122.0

Special losses

104,668

81.9

79,957

76.4

109,022

136.3

Income before income taxes

317,411

114.9

346,469

109.2

258,776

74.7

Net income attributable to owners of parent

203,004

112.1

218,185

107.5

179,262

82.2

190,000

106.0

EBITDA

655,915

105.5

674,317

102.8

626,874

93.0

738,300

117.8

ROA (%)

3.6

3.7

2.8

ROE (%)

8.2

8.5

6.8

Net income per share (EPS) (yen)

229.50

112.1

246.95

107.6

203.03

82.2

215.18

106.0

EPS before amortization of goodwill (yen)

255.70

114.4

273.64

107.0

231.39

84.6

292.54

126.4

Number of shares outstanding

Average

884,568,131

883,508,868

882,927,577

End of period

884,568,599

882,845,467

882,966,279

Exchange rates

(yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ending

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

Feb. 28, 2022 (Forecast)

Income statements

U.S.$1=

110.44

109.03

106.76

107.00

1yuan=

16.71

15.78

15.48

16.00

Balance sheets

U.S.$1=

111.00

109.56

103.50

-

1yuan=

16.16

15.67

15.88

-

EBITDA

(Millions of yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ending

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

Feb. 28, 2022 (Forecast)

YOY(%)

YOY(%)

YOY(%)

YOY(%)

Total

655,915

105.5

674,317

102.8

626,874

93.0

738,300

117.8

Domestic convenience store operations

319,439

102.5

333,120

104.3

314,114

94.3

Overseas convenience store operations

187,239

116.7

198,859

106.2

200,516

100.8

Superstore operations

48,747

101.0

50,477

103.6

59,711

118.3

Department store operations

12,404

82.2

9,880

79.7

2,843

28.8

Financial services

84,787

106.0

83,001

97.9

77,202

93.0

Specialty store operations

11,235

174.5

9,032

80.4

(8,854)

-

Others

4,926

83.1

4,002

81.2

4,214

105.3

Eliminations / Corporate

(12,864)

-

(14,058)

-

(22,873)

-

Notes: 1. Group's total sales include the sales of Seven-Eleven Japan, Seven-Eleven Okinawa and 7-Eleven, Inc. franchisees.

2."Eliminations / Corporate" in operating income mainly reflects the Company's operating expenses relating to the Group strategy.

3. EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill*

*Amortization of goodwill: Only figure included in SG&A expenses

4.

ROA: Net income attributable to owners of parent / Average of total assets at the beginning and the end of each fiscal year

5.

ROE: Net income attributable to owners of parent / Average of owners' equity* *Owners' equity: Net assetsSubscription rights to sharesNon-controlling interests

at the beginning and the end of each fiscal year

  1. EPS: Net income attributable to owners of parent / Weighted average shares outstanding during the period
  2. EPS before amortization of goodwill: (Net income attributable to owners of parent + Amortization of goodwill) / Weighted average shares outstanding during the period
  3. Number of shares outstanding at each fiscal year-end and of weighted average shares over each fiscal period did not include treasury stock. Seven & i Holdings introduced the BIP Trust and ESOP Trust and its shares held by these Trusts are included in the number of treasury stocks.

- 1 -

Consolidated Results-

Ⅱ.Major Factors for the Change

(Millions of yen)

Fiscal Year Ended

Feb. 28, 2021

Change

Group's total sales*1

11,044,874

(952,769)

(Billions of yen)

Major Factors for the Change

Total store sales at Seven-Eleven Japan: (139.6)

Total store sales at 7-Eleven, Inc.: (529.0)

[Effect of exchange rate: (75.9)]

Revenues from operations

5,766,718

(877,641)

Domestic CVS: (50.4), Overseas CVS: (548.4) , Superstore: (38.2)

Department store: (152.4), Financial services: (18.4), Specialty store: (75.8)

[Effect of exchange rate: (49.4)]

Operating income (loss)

366,329

(57,936)

[Effect of exchange rate: (2.1)]

Domestic convenience

234,258

(22,342)

Seven-Eleven Japan: (20.6)

store operations

Sales: (32.1), Gross profit margin: (3.0), SG&A expenses: +14.5

Others: (1.6)

Overseas convenience

98,097

(3,903)

7-Eleven, Inc.: (2.4) [of which, effect of exchange rate: (2.5)]

store operations

Sales: (36.1), Gross profit margin*2: +46.6, SG&A expenses: (12.9)

Amortization of goodwill: (1.4) [of which, effect of exchange rate: +0.4]

Superstore operations

29,683

+8,376

Ito-Yokado: +1.2

Sales: (26.1), Gross profit margin: +1.8, SG&A expenses: +25.5

York-Benimaru: +3.4

Sales: +8.3, Gross profit margin: +1.2, SG&A expenses: (6.0)

Life Foods*3: +0.17

Others: +3.4

Department store operations

(6,248)

(7,045)

Sogo & Seibu: (6.8)

Sales: (33.6), Gross profit margin: (3.6), SG&A expenses: +30.4

Others: (0.18)

Financial services

48,077

(5,533)

Specialty store operations

(13,572)

(18,262)

Seven & i Food Systems: (7.4)

Nissen Holdings [Consolidated]: (0.16)

Others: (10.6)

Others

1,944

+390

Eliminations / Corporate*4

(25,911)

(9,615)

Ordinary income

357,364

(60,508)

Decrease in operating income, increase in non-operating losses

Income before income taxes

258,776

(87,693)

Decrease in ordinary income, increase in special losses

Net income attributable to

179,262

(38,923)

owners of parent

*1. Group's total sales include the sales of Seven-Eleven Japan, Seven-Eleven Okinawa and 7-Eleven, Inc. franchisees.

*2. Negative growth in the gross profit on product sales was outweighed by an increase in the gross profit on gasoline sales, leading to an overall rise in the gross profit margin.

*3. Life Foods is a wholly owned subsidiary which produces and sells delicatessen in York-Benimaru stores.

*4. Eliminations / Corporate in operating income mainly reflect the Company's operating expenses relating to the Group strategy.

- 2 -

Consolidated Results-

Ⅲ.Segment Information

Business segment information

(Millions of yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ending

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

Feb. 28, 2022 (Forecast)

YOY(%)

YOY(%)

YOY(%) Composition(%)

YOY(%)

Assets (end of period)

5,795,065

105.5

5,996,887

103.5

6,946,832

115.8

100.0

Domestic convenience store operations

1,147,777

101.8

1,224,157

106.7

1,252,296

102.3

18.0

Overseas convenience store operations

1,371,383

116.3

1,401,418

102.2

2,284,682

163.0

32.9

Superstore operations

945,406

97.6

959,853

101.5

963,545

100.4

13.9

Department store operations

328,082

95.6

308,969

94.2

297,593

96.3

4.3

Financial services

1,514,897

105.6

1,666,038

110.0

1,788,607

107.4

25.7

Specialty store operations

133,429

83.0

136,657

102.4

151,604

110.9

2.2

Others

159,168

101.9

160,882

101.1

156,651

97.4

2.3

Eliminations / Corporate

194,920

157.5

138,909

71.3

51,850

37.3

0.7

Capital expenditures

539,328

155.3

360,909

66.9

377,299

104.5

100.0

511,000

135.4

[525,462]

[151.3]

-

-

-

-

-

-

-

Domestic convenience store operations

115,525

82.3

104,226

90.2

129,028

123.8

34.2

136,300

105.6

Overseas convenience store operations

288,221

305.7

134,684

46.7

145,170

107.8

38.5

214,500

147.8

Superstore operations

61,462

162.5

47,310

77.0

48,411

102.3

12.8

63,300

130.8

[47,596]

[125.8]

-

-

-

-

-

-

-

Department store operations

16,955

130.5

11,235

66.3

16,332

145.4

4.3

12,200

74.7

Financial services

34,918

90.0

36,099

103.4

39,328

108.9

10.4

43,400

110.4

Specialty store operations

9,157

103.1

10,427

113.9

9,038

86.7

2.4

5,500

60.9

Others

2,931

78.7

2,798

95.5

1,760

62.9

0.5

5,000

283.9

Eliminations / Corporate

10,157

96.4

14,127

139.1

(11,771)

-

-

30,800

-

Depreciation and amortization

221,133

103.7

226,475

102.4

235,504

104.0

100.0

290,000

123.1

Domestic convenience store operations

72,717

109.3

76,519

105.2

79,856

104.4

33.9

86,200

107.9

Overseas convenience store operations

76,141

109.4

77,204

101.4

81,299

105.3

34.5

118,300

145.5

Superstore operations

24,475

102.4

26,071

106.5

26,929

103.3

11.4

27,300

101.4

Department store operations

8,667

89.1

9,083

104.8

9,091

100.1

3.9

9,300

102.3

Financial services

31,072

107.4

29,031

93.4

28,766

99.1

12.2

31,400

109.2

Specialty store operations

4,141

74.1

3,879

93.7

4,254

109.7

1.8

4,100

96.4

Others

2,267

100.4

2,447

108.0

2,269

92.7

1.0

2,300

101.4

Eliminations / Corporate

1,651

24.7

2,238

135.5

3,038

135.7

1.3

11,100

365.3

Amortization of goodwill

23,184

139.5

23,574

101.7

25,040

106.2

100.0

68,300

272.8

Domestic convenience store operations

-

-

-

-

-

-

-

Overseas convenience store operations

18,832

160.0

19,653

104.4

21,119

107.5

84.3

Superstore operations

3,098

100.0

3,098

100.0

3,098

100.0

12.4

Department store operations

-

-

-

-

-

-

-

Financial services

840

62.9

359

42.7

359

100.0

1.4

Specialty store operations

413

100.0

462

112.0

462

100.0

1.8

Others

-

-

-

-

-

-

-

Corporate

-

-

-

-

-

-

-

Impairment loss

57,368

64.5

35,477

61.8

35,484

100.0

100.0

Domestic convenience store operations

19,500

212.0

11,801

60.5

8,859

75.1

25.0

Overseas convenience store operations

3,435

101.2

3,565

103.8

5,911

165.8

16.7

Superstore operations

20,349

106.1

10,102

49.6

11,589

114.7

32.7

Department store operations

2,994

10.1

3,179

106.2

3,332

104.8

9.4

Financial services

10,756

-

4,651

43.2

1

0.0

0.0

Specialty store operations

3,888

68.3

2,123

54.6

4,252

200.3

12.0

Others

-

-

39

-

1,529

-

4.3

Eliminations / Corporate

(3,557)

-

14

-

7

49.7

0.0

Notes: 1."Partial Amendments to the Accounting Standard for Tax Effect Accounting" (ASBJ No.28; February 16, 2018), etc. have been applied from the beginning of the fiscal year ended February 29, 2020, and results for the fiscal year ended February 28, 2019 are those afer retrospective application.

  1. Capital expenditures include long-term leasehold deposits, advances for store construction, and investments related to store openings for each fiscal year and beyond, and do not include the increase of future amortization of assets under the Accounting Standard for Asset Retirement Obligations. Figures for actual results do not include goodwill and others related to the acquisition of stores, etc.
    Square brackets [ ] in superstore operations for the fiscal year ended February 28, 2019 show the figures reflecting the sale leaseback of assets. "Eliminations / Corporate" in capital expenditures mainly reflects inter-segment transactions of non-current assets within Group and capital expenditures relating to the Group strategy.
  2. Depreciation and amortization include 2,596 million yen recorded as "Loss related to norvel coronavirus (COVID-19)" in the consolidated income statements for the fiscal year ended February 28, 2021.
    "Eliminations / Corporate" in depreciation and amortization mainly reflects the Company's depreciation and amortization relating to the Group strategy.
  3. Amortization of goodwill include only the amount recorded on SG&A expenses.
  4. Impairment losses respectively include 1,591 million yen, 7,496 million yen, and 3,879 million yen recorded as "Loss on digital and settlement services" and "Restructuring expenses" in the consolidated income statements for the fiscal year ended February 28, 2019, February 29, 2020 and February 28, 2021.

- 3 -

Consolidated Results-

Geographic area segment information

(Millions of yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

YOY(%)

YOY(%)

YOY(%)

Composition(%)

Assets (end of period)

5,795,065

105.5

5,996,887

103.5

6,946,832

115.8

100.0

Japan

4,363,764

103.0

4,537,418

104.0

4,594,255

101.3

66.1

North America

1,389,111

114.7

1,418,454

102.1

2,302,841

162.3

33.1

Others

48,051

95.0

46,942

97.7

50,551

107.7

0.7

Eliminations

(5,863)

-

(5,927)

-

(815)

-

-

Revenues from operations

6,791,215

112.5

6,644,359

97.8

5,766,718

86.8

100.0

Japan

3,812,200

97.6

3,745,475

98.2

3,435,146

91.7

59.6

North America

2,862,627

141.9

2,782,055

97.2

2,232,234

80.2

38.7

Others

117,555

103.1

118,118

100.5

100,707

85.3

1.7

Eliminations

(1,167)

-

(1,289)

-

(1,371)

-

-

Operating income

411,596

105.1

424,266

103.1

366,329

86.3

100.0

Japan

319,613

101.6

321,441

100.6

266,096

82.8

72.6

North America

90,411

119.6

101,777

112.6

99,582

97.8

27.2

Others

1,562

118.3

1,199

76.8

805

67.2

0.2

Eliminations

9

91.4

(152)

-

(154)

-

-

Notes: 1."Partial Amendments to the Accounting Standard for Tax Effect Accounting" (ASBJ No.28; February 16, 2018), etc. have been applied from the beginning of the fiscal year ended February 29, 2020, and the assets for the fiscal year ended February 28, 2019

are those after retrospective application.

2."Others" consists of the business results in the P.R.C., etc.

Ⅳ.Interest-Bearing Debt & Ratings

Interest-bearing debt

(Millions of yen)

Fiscal Year Ended

Fiscal Year Ended

Fiscal Year Ended

Feb. 28, 2019

Feb. 29, 2020

Feb. 28, 2021

YOY(%)/change

YOY(%)/change

YOY(%)/change

Short-term loans

143,160

112.5

129,456

90.4

619,953

478.9

Current portion of long-term loans

106,688

129.1

88,437

82.9

146,747

165.9

Current portion of bonds

50,000

66.7

80,000

160.0

66,917

83.6

Subtotal

299,848

105.2

297,893

99.3

833,618

279.8

Long-term loans

443,425

112.8

403,151

90.9

362,592

89.9

Bonds

361,914

118.7

281,915

77.9

565,000

200.4

Subtotal

805,340

115.4

685,067

85.1

927,592

135.4

Total

1,105,189

112.4

982,960

88.9

1,761,210

179.2

Ratio to total assets (%)*

19.1

+1.2

16.4

(2.7)

25.4

+9.0

Ratio to owners' equity (%)

43.8

+3.3

37.8

(6.0)

66.0

+28.2

Interest-bearing debt by business segment

Domestic convenience store

-

-

-

-

-

-

operations

Overseas convenience store

260,757

159.1

219,041

84.0

281,974

128.7

operations

Superstore operations

637

33.3

-

-

-

-

Department store operations

163,564

93.1

160,999

98.4

146,193

90.8

Specialty store operations

44,296

84.1

17,743

40.1

40,998

231.1

Others

-

-

-

-

-

-

Corporate

281,914

104.4

236,915

84.0

1,008,917

425.9

Subtotal

751,170

113.1

634,699

84.5

1,478,083

232.9

Financial services

354,018

111.0

348,261

98.4

283,127

81.3

Total

1,105,189

112.4

982,960

88.9

1,761,210

179.2

  • "Partial Amendments to the Accounting Standard for Tax Effect Accounting" (ASBJ No.28; February 16, 2018), etc. have been applied from the beginning of the fiscal year ended February 29, 2020, and the total assets for the fiscal year ended February 28, 2019
    are those after retrospective application.

- 4 -

Consolidated Results-Ⅲ・Ⅳ

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