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March 08, 2025
 

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SEVEN ELEVEN

Seven & I named Stephen Hayes Dacus as its first foreign chief executive on Thursday.
BUSINESS / Companies
Mar 6, 2025
Seven & I announces measures to fend off Couche-Tard takeover
The announcements are the latest twist in a saga that began last year when Seven & I rebuffed a takeover offer from Canada's Alimentation Couche-Tard.
The Seven & I takeover saga is being closely watched as a test case of Japan’s openness to foreign capital, after recent governance reforms banned corporations from ignoring overtures that may raise value for shareholders.
BUSINESS / Companies
Mar 4, 2025
Seven & I shares fall amid report it may reject buyout offer
The company said it is still having constructive discussions with Couche-Tard after a report said it would reject the offer.
Seven & I Holdings CEO Ryuichi Isaka is stepping down from his position, the Nikkei newspaper has reported.
BUSINESS / Companies
Mar 3, 2025
7-Eleven owner to appoint first foreign CEO, report says
The owner's plan to take the company private to avoid being taken over by Couche-Tard collapsed last week, piling pressure on it to reconsider the $47 billion takeover proposal.
The rapid collapse of the plan to take Seven & I private reflects how personal egos and domestic competitiveness ultimately outweighed the nationalistic desire to fend off Canada’s Alimentation Couche-Tard, whose pursuit of the Japanese retailer emerged last August.
BUSINESS / Companies
Mar 2, 2025
Seven & I and Nissan deal fallout leaves Japan companies vulnerable
The collapse of the deals means the companies are potentially even more vulnerable to foreign takeovers.
Itochu dropping its Seven & I Holdings buyout plan would place Alimentation Couche-Tard’s offer back in the limelight.
BUSINESS / Companies
Feb 27, 2025
Itochu drops Seven & I buyout, putting Couche-Tard back in limelight
An individual with an understanding of the deal said Itochu and Seven & I lacked synergy to justify the deal.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Feb 26, 2025
Seven & I buyout talks stall over management control
The founding Ito family and Itochu have yet to reach consensus on the composition of the board of the post-buyout entity, sources said.
Cat-related sweets sold by 7-Eleven in Tokyo. Employees of 7-Eleven have helped develop 23 types of cat-related products this year, compared with just five last year.
BUSINESS / Economy
Feb 21, 2025
Japan's Cat Day sees companies capitalize on 'a-meow-zing' economic boon
This year, products and services related to cats are estimated to generate ¥414.50 billion more than last year.
Bulk food dispensers at a new 7-Eleven store in Matsudo, Chiba Prefecture. Opened a year ago, Seven & I Holdings conceived it as a prototype to test the synergies between the company’s retail supermarket chain and its more-successful convenience-store business.
BUSINESS / Companies / FOCUS
Feb 10, 2025
Blended 7-Eleven-and-supermarket concept proves a tough sell
It is unclear if higher customer numbers have been sustained, and Seven & I has no plans right now to open more such outlets.
The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said.
BUSINESS
Feb 7, 2025
Seven & I consortium to tap Bank of America and Citi for financing
The two U.S. banks’ role in the bid would be to refinance the debt of Seven & I’s U.S. unit.
KKR is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
BUSINESS / Companies
Jan 16, 2025
KKR considers joining Seven & I management buyout after Apollo
The U.S. firm is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
Lawson and FamilyMart enjoyed net profit increases in the March-November 2024 period, while Seven & I Holdings suffered a sharp deterioration in its bottom line, according to their latest earnings reports.
BUSINESS / Companies
Jan 16, 2025
Lawson and FamilyMart enjoy net profit growth in March-November
FamilyMart's net profit went up 62.4% to ¥80 billion because of special profit from a realignment of Chinese operations.
A government minister has said the acquisition of 7-Eleven by foreign capital is majorly related to economic security.
BUSINESS / Companies
Jan 10, 2025
Japan to consider 'economic security' in 7-Eleven takeover
Economic revitalization minister Ryosei Akazawa highlighted the role Japan's convenience stores can play in times of crisis, such as after major earthquakes.
A potential foreign acquisition of Japanese retail giant Seven & I would be "heavily related" to national security, Japan's economy minister Ryosei Akazawa said on Wednesday.
BUSINESS
Jan 8, 2025
Japan flags foreign takeover of 7-Eleven owner as a security issue
His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada's Alimentation Couche-Tard.
Fast Retailing’s November-ending quarter may have seen operating profit growth soften as warmer autumn-winter temperatures dented sales, even with the backdrop for consumer spending in Japan looking promising.
BUSINESS / Companies
Jan 3, 2025
Uniqlo and 7-Eleven face sales headwinds despite brighter consumer spending
Uniqlo parent Fast Retailing and Seven & i Holdings are among the first to kick off this earnings season in Asia.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
7-Eleven battle shows resilience of Japan Inc.'s family ties
Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024
Seven & I buyout funding to be finalized by next month, sources say
The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
Seven & I Holdings has closed its convenience stores in Israel.
BUSINESS / Companies
Nov 13, 2024
Seven & I closes all eight convenience stores in Israel
Seven & I opened its first convenience store in Israel in January last year.
For Seven Bank, greater independence from its parent Seven & I Holdings could lead to new growth opportunities.
BUSINESS / Companies
Nov 11, 2024
Seven Bank seeks to expand cash-machine network beyond 7-Elevens
Deconsolidation from Seven & I resulting from a reduction of its stake in Seven Bank would make such a scenario more possible.
Seven & I Holdings' 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
BUSINESS / Companies
Nov 6, 2024
Seven & I is said to plan reducing stake in banking unit to 38%
The retailer’s 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
Cream-filled 'maritozzo' buns are just one of the many sweet treats on offer at Japanese convenience stores.
LIFE / Food & Drink
Nov 3, 2024
Exploring the ‘B-gourmet wonderland’ of Japanese convenience stores
Tourists who obsess over 7-Eleven and FamilyMart can seem a bit absurd, but there's no denying the integral role these stores have in daily life in Japan.
Cherry blossom season set to kick off on March 21 in Tokyo
A Weathernews forecast shows the cherry blossom season will begin on March 21 in Tokyo.
Tokyo responds to Trump remarks on 'interesting' Japan-U.S. security pact
Prime Minister Shigeru Ishiba (left) and U.S. President Donald Trump arrive for a joint news conference in the East Room of the White House in Washington, on Feb. 7.
Nagoya High Court rules not recognizing same-sex marriage unconstitutional
Following the Nagoya High Court ruling on the same-sex marriage lawsuit, lawyers and others raise banners and boards that read "unconstitutional" and similar statements on Friday in Naka Ward, Nagoya.
Foreign single mothers struggle with language barriers and visas
Forbidden from seeing friends and forced to devote herself to housework, Reina (whose name has been changed), a 37-year-old Filipino national living in the city of Nagoya, became socially isolated.
At 102, world's oldest pharmacist celebrates her calling
Kesa Hatamoto, a 102-year-old Japanese woman who is recognized by Guinness World Records as the world's oldest pharmacist, speaks during an interview on Jan. 28 in Tokyo's Meguro Ward.
Cherry blossom season set to kick off on March 21 in Tokyo
A Weathernews forecast shows the cherry blossom season will begin on March 21 in Tokyo.
‘Granny hobbies’ are the new self-care
Yarn shortages are a sign that hobbies like knitting and crochet are gaining in popularity.
Can Shiori Ito’s documentary open Japan’s black box?
Shiori Ito is the first Japanese director to have been nominated for an Academy Award for best documentary feature film. "Black Box Diaries," which tells the story of her quest for justice following her rape in 2015, hasn't been released in Japan.
Japanese stocks stalled at 1989 levels as investors weigh tariffs and rates
An electronic sign displays the benchmark Nikkei stock average on a street in Tokyo. The stock average has been range-bound between about 38,000 and 40,000 since hitting a new all-time high in July last year.
Redevelopment and resistance in historic Nishiogikubo
Tsuyoshi Mizukoshi, owner of a pub in Nishiogi’s commercial area, is a community organizer who is rallying local residents against the road development plan.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Wealthier women in the prewar era had been the targets of various media-related health campaigns that mistakenly encouraged them to avoid everything from riding bicycles to reading novels when their monthly cycles came around.
Menstruation in Japan: Breaking the silence, slowly
By Tomoko Otake

SUSTAINABLE JAPAN

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Supporting women’s social participation is Cartier’s commitment

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