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BRIEF-Seven & I CFO - We Are Considering Selling Unprofitable Businesses
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BRIEF-Seven & I CFO - We Are Considering Selling Unprofitable Businesses
Oct 10, 2024 10:50 PM

Oct 10 (Reuters) - Seven & i Holdings Co Ltd ( SVNDF ):

* SEVEN & I CFO: WE ARE CONSIDERING SELLING UNPROFITABLE

BUSINESSES

* SEVEN & I CFO: IN 2025 WE WILL FURTHER ACCELERATE

DIVESTMENT OF

ASSETS

* SEVEN & I ( SVNDF ) CEO: WE WILL SPEED UP THE IMPLEMENTATION OF

MEASURES

TO INCREASE CORPORATE VALUE AND SHAREHOLDER VALUE

* SEVEN & I ( SVNDF ) CEO : PLANS TO CHANGE OUR NAME TO SEVEN ELEVEN

CORPORATION WILL BE REALISED AFTER THE APPROVAL OF THE AGM IN

MAY 2025

* SEVEN & I ( SVNDF ) CEO : WE WILL CONSIDER THE OPTIMAL CAPITAL

RELATIONSHIP WITH THE FINANCIAL BUSINESS

* SEVEN & I ( SVNDF ) CEO : WE WILL MAINTAIN A MINORITY INTEREST IN

THE SST

BUSINESS AND WILL CONTINUE TO PROMOTE SYNERGIES WITH THE SST

BUSINESS

* SEVEN & I ( SVNDF ) CEO : WE PLAN TO ALLOCATE GENERATED CASH FLOW TO

GROWTH INVESTMENTS AND SHAREHOLDER RETURNS

* SEVEN & I ( SVNDF ) CEO : GOING FORWARD EACH BUSINESS ENTITY WILL

FOLLOW

ITS OWN GROWTH STORY

* SEVEN & I ( SVNDF ) CEO : OUR BUSINESS PERFORMANCE IS NOT GOOD SO WE

CAN'T

MEET THE EXPECTATIONS OF SHAREHOLDERS

Source text for Eikon:

Further company coverage:

(Reporting by Tokyo Newsroom)

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