This story is about Forbes’ policy of Japan’s richest 2022. See the full list here.
The convenience 7-Eleven made the Japanese Seven
The Honorary President of Seven
In the fiscal year ending in March, it posted cash inflows of 8. 75 trillion yen ($68. 9 billion), up 52 percent, and a profit of 211 billion yen, up 18 percent, either driven by last year’s $21 billion acquisition of U. S. convenience store operator Speedway. Seven’s actions
His company already says convenience retail stores are its heart, but it’s under pressure from San Francisco-based ValueAct Capital in the high-margin business. The fund, which claims to own 4. 4% of Seven
One target is the retail branches of sogo and Seibu. For all retail branches in Japan, revenue has fallen by approximately 60% over the past 3 decades to approximately $39 billion in 2021. Seven said in February, after the media reported that it was finalizing the sale of Sogo and Seibu, that it is looking for “all possibilities. “”In April, it went further by announcing the hiring of a financial advisor for a strategic review of the branches.