Slides
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October 8, 2026 Seven & i Holdings Co., Ltd. Presentation for the Second Quarter of FY2026
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 2 AGENDA 1H Consolidated Results Opening Remarks 1 2
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 3 AGENDA 1H Consolidated Results Opening Remarks 1 2
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 4 Opening – FY2026 1H Consolidated Results Highlight Delivered double-digit revenue and profit growth* despite a challenging operating environment, reflecting disciplined execution of our Transformation Plan FY2025 FY2026 116.3％ FY2025 FY2026 FY2025 FY2026 136.6％ 117.8％ *Like-for-like basis, adjusted for the impact of the deconsolidation of York HD and Seven Bank Revenues from Operations Operating Income Net Income ¥5,460.2B ¥232.2B ¥124.4B
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 5 7-Eleven Transformation – Disciplined Execution Customer-focused execution is beginning to deliver tangible results and strengthen our ability to adapt SEJ Freshly Prepared Food Distinctive Food Offering SEI Expanding and Elevating Our Hot Food Offering SEI 7NOW Fuel Vertical Integration Store Network Optimization Same Store Merchandise Sales Growth Momentum Franchise Conversions Higher Sales & Gross Margins Capturing Profit Opportunities ＄550M 1H Sales Healthy Profitability ＆ On Track to Exceed Full-year Target YoY +15.6％ +0.9％ Growth Contribution Same Store Sales +1.1%
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 6 Strategic Partnership Customer Reach at Unprecedented Scale 7-Eleven Transformation – Accelerating Growth Accelerating our customer-focused transformation journey to drive continued financial impact SEI Leadership Better Customer Experiences, Smarter Store Operations, New Growth Opportunities Mauricio Leyva CEO Disciplined, Customer-Focused Execution Get the Fundamentals Right and Keep Elevating the Customer Experience Customer Insight Transformation Leadership Operational Discipline Grupo Modelo: More than doubled Mexico convenience store network Keurig Dr Pepper:Led critical post-merger transformation
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 7 AGENDA 3 1H Consolidated Results Opening Remarks 1 2
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8 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 1H Consolidated Results Highlight FY2026 Like-for-like*1 Financial accounting basis vs. Revised plan YoY YoY change YoY YoY change vs. Revised plan (ratio) Variance Convenience store group merchandise sales*2 5,045.9 104.1 +199.2 104.1 +199.2) 99.0 (51.0) Revenues from operations 5,460.2 116.3 +763.5 97.2 (156.3) 99.1 (49.7) Operating income 232.2 136.6 +62.2 111.5 +23.8) 99.3 (1.7) Ordinary income 221.9 137.6 +60.6 119.0 +35.4) 102.3 +4.9) Net income attributable to owners of parent 124.4 117.8 +18.7 102.2 +2.6) 105.5 +6.4) EBITDA*3 490.6 119.8 +81.1 101.1 +5.1) 100.9 +4.6) EPS (yen) 54.26 130.7 +12.76 113.4 +6.42) 106.3 +3.22) EPS before amortization of goodwill (yen) *4 78.31 126.9 +16.59 113.9 +9.55) 104.6 +3.47) Billions of yen, % Note) Exchange rate: 1 USD = 158.29 JPY, 1 CNY = 23.07 JPY *1 Reflect the impact of the deconsolidation of York HD and Seven Bank *3 EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill *2 Include merchandise sales from directly operated stores and franchised stores across consolidated convenience store subsidiaries *4 Tax impact related to amortization of goodwill is taken into account
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 9 1H Revenues from Operations and Operating Income by Operating Segment Revenues from operations Operating income YoY / Change Like for like*1 vs. Revised plan / Variance YoY / Change Like for like*1 vs. Revised plan / Variance Consolidated 5,460.2) 116.3 +763.5 99.1) (49.7) 232.2) 136.6) +62.2) 99.3) (1.7) Domestic CVS operations 467.3) 101.0 +4.7 97.8) (10.6) 109.8) 90.2) (11.8) 91.3) (10.5) Seven-Eleven Japan 454.8) 101.4 +6.1 98.1) (8.6) 110.2) 90.7) (11.2) 90.8) (11.1) Overseas CVS operations 4,966.6) 117.7 +745.4 99.2) (39.3) 150.4) 187.7) +70.2) 103.0) +4.4) 7-Eleven, Inc. ($ millions)*2 28,797) 109.8 +2,571 99.1) (263) 1,320) 145.8) +414) 101.4) +18) Others 32.3) 126.4 +6.7 90.0) (3.6) 2.7) 89.0) (0.33) 130.9) +0.64) Eliminations/Corporate (6.0) - +6.5 -) +3.9) (30.7) -) +4.1) -) +3.7) Consolidated operating income increased significantly, with Overseas CVS more than offsetting the decline in Domestic CVS *1 Reflect the impact of the deconsolidation of York HD and Seven Bank *2 Consolidated figures for SEI Note) Exchange rate: 1 USD = 158.29 JPY, 1 CNY = 23.07 JPY Billions of yen, %
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 10 Same Store Sales Trend SEJ: 1H Results (%) FY2025 FY2026 SG&A Operating Income & Major KPIs 1,829 +5.9 (0.13) (17.0) FY2025 Revenues, etc. GPM SG&A FY2026 Billions of yen 121.4 110.2 (11.2) Major drivers for SG&A increase System expenses (8.7) Advertising expenses (1.8) Same store sales growth +1.1％ Merchandise GPM 31.8％ (±0.0%) ✓ Higher system expenses, driven mainly by operating expenses for the next-generation system ✓ Impact expected to normalize from Q4 onward ✓ 1H SG&A remains in line with plan +0.6 +0.9 +1.5 +2.0 +2.0 +0.3+0.7 +0.5 +1.5 +1.6 +1.4 +1.2 ±0.0 +1.0 +2.0 +3.0 +4.0 1Q 2Q 3Q 4Q 1Q 2Q Same store sales growth Excl. beverages & ice cream Surpassed 1H FY2025 through initiatives, despite adverse summer weather
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 11 SEJ: Steady Progress of the Transformation Plan Establishing a sustainable top-line growth base via targeted category strategies focused on specific everyday occasions Freshly Prepared Food* IP Merchandise（Toys） On the go Dual-income households Target customers Entertainment-driven spending Younger customers 1H APSD growth ＋15.6% APSD uplift ＋¥5.9k Building a foundation for APSD growth by increasing average spend per customer Driving top-line growth through traffic-driving categories Category Strategy (1H impact) APSD growth GPM YoY Merchandise total +1.１％ ±0.0% Freshly Prepared Food* +0.9％ +0.1% Toys +0.4％ ±0.0% Beverages, ice cream & others (0.2)％ (0.1)％ Target customers 1H APSD growth ＋32.0% APSD uplift ＋¥2.9k *Freshly Prepared Food: Hot foods, SEVEN CAFÉ (incl. SEVEN CAFÉ Tea), Smoothies Occasions Occasions
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 12 SEJ: 1H Progress of Initiatives Our key initiatives are progressing steadily ＋35.5％ 7NOW gross sales Total number of stores offering SEVEN CAFÉ Bakery FY26 plan: approx. 18,000 stores Approx. 12,000 stores APSD of Freshly Prepared Food +15.6％ Approx. 4,600 stores Total Number of stores offering SEVEN CAFÉ Tea FY26 plan: approx. 10,000 stores Distinctive Food Offering 7NOW Expansion Store Network Net increase 26 stores FY26 plan: openings 550 stores/net increase 200 stores New store openings 210 stores 7NOW mobile ordering (Launched in Apr. 2026)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 13 Delivering innovative customer experiences through personalized marketing and technology SEJ: Accelerating the Transformation Plan through Strategic Partnership Short-term initiatives (2H FY2026 onward） ✓ Customer ID integration / Introduction of a Store loyalty program / Large-scale joint promotions Mid-to-long-term initiatives ✓ Transforming store operations through AI and robotics Short-term initiatives (2H FY2026 onward） Maximizing sales through customer experience improvement Source: *1 MMD Lab *2 ICT Research Institute, *3 Company disclosures and company research NO.1 Payment Service *1 NO.1 Messaging App *2 Building next-generation infrastructure NO.1 Credit Card *3 21K stores, 20M customers visits per day NO.1 Retailer Code payment: Approx. 30M payment transactions per day Approx. 100M users Credit card purchase volume: ¥42T ✓ Planning promotional initiatives with partners Leveraging industry-leading customer reach at an unprecedented scale to build a high-volume, high-quality data foundation Drive customer traffic from PayPay to 7-Eleven Drive customer traffic from LINE to 7-Eleven
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 14 SEI: 1H Results (1.0) (0.8) +0.5 (0.6) +1.4 (0.1) (3.0) (2.0) (1.0) ±0.0 +1.0 +2.0 +3.0 Q1 Q2 Q3 Q4 Q1 Q2 (%) FY2025 FY2026 1,593 +25 +398 (8) FY2025 Merchandise, etc Fuel OSG&A FY2026 905 1,320 +$414M Same Store Merchandise Sales TrendOperating Income and Major KPIs • Fuel market conditions • Vertical integration effects Same store sales Growth +0.6％ Merchandise GPM 33.5％ (+0.3%) Millions of dollars Note) $52M year-over-year increase in fuel-driven credit card costs reflected as reduction in Fuel (reduced from OSG&A) (Net CC costs) (Excl. CC costs)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 15 SEI: Steady Progress of the Transformation Plan (Differentiated Products) Accelerate Hot Foods • New product launch in the popular Hot Sandwich series Reinvent Open Air Case Same Store Fresh Food Sales Trend • Quality improvement in boneless chicken wings to match QSR quality Driving steady top-line growth through differentiation via expanded hot food and upgraded open cases “Visually Enticing” “Craveable” “Shoppable” (3.9) (0.3) +1.7 Q1 Q2 Q3 Flash Note) Q1: Jan–Mar / Q2: Apr–Jun / Q3: Jul–Sep • Fresh Food enhancement and new product launch • Improved shopability • Enhanced visual appeal • Functional beverages
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 16 SEI: 1H Progress of Initiatives (1) Leading Product Assortment Best Customer Experience FY26 plan: $1.1B 7NOW has grown significantly by leveraging its unique digital platform to meet customer convenience needs 7,594 8,500 Number of 7NOW stores End of 1H FY2026 FY2030 target +9.9％ Same store sales Restaurant openings 29stores Private brands Launching new items 138items FY26 plan: 50 stores FY26 plan: 220 items 7NOW gross sales $550M +15.6％
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 17 SEI: 1H Progress of Initiatives (2) Modern Store Network Our key initiatives are progressing steadily, including efforts to optimize our store network Merch margin: Merch sales: Franchise conversion drives higher sales and margins 47 franchise conversions completed in 2025; LTM franchised results vs pre-conversion Low to mid single-digit growth Strong margin expansion New store openings 69stores FY26 plan: 205 stores Franchising 86stores FY26 plan: 390 stores Remodels Planned to start in 2H FY26 FY26 plan: Under review Unprofitable store closures 162stores FY26 plan: 200 stores Wholesale fuel conversion 79stores FY26 plan: 350 stores
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 18 Shareholder Returns Delivering on our FY2030 share buybacks while maintaining progressive dividends 16.5 18.8 20.0 25.0 30.0 17.8 18.8 20.0 25.0 30.0 FY2022 FY2023 FY2024 FY2025 FY2026 37.6 (113.0) 37.6 (113.0) Interim Year-end Commemorative dividend 50.0 (Yen) 40.0 (120.0) Dividends per share* Progressive DividendsShare Buybacks ・ Executed ¥100B in net share buybacks in 1H ・ Reached ¥700B in cumulative share buybacks ・ ¥1.3T remaining toward our FY2030 target 60.0 （Forecast） 3.3 * ・ The Company conducted a 3-for-1 common share split on March 1, 2024 ・ Figures are calculated as if the share split had occurred at the beginning of FY2022 ・ () represents the amount before the share split Third-party allotment ￥ Third-Party Allotment ¥300B ¥400B Share Buybacks 7&iHD ToSTNeT-3 ￥ Share Share
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19 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. Appendix
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20 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. Consolidated B/S Summary (As of August 31, 2026) Assets (Main items only) As of Feb. 28, 2026 As of Aug. 31, 2026 Change Current assets 1,492.5 1,672.0 +179.4) Cash and bank deposits 438.6 440.2 +1.5) Notes and accounts receivable - trade, and contract assets 298.6 342.3 +43.6) Merchandise and finished goods 223.0 264.2 +41.2) Non-current assets 7,650.0 7,796.0 +146.0) Property and equipment 4,497.9 4,641.0 +143.0) Buildings and structures, net 1,449.7 1,471.6 +21.9) Land 902.2 929.4 +27.2) Right-of-use assets, net 1,451.6 1,519.7 +68.0) Intangible assets 2,469.0 2,476.2 +7.2) Investments and other assets 683.0 678.8 (4.1) Deferred assets 0.39 0.33 (0.06) Total assets 9,142.9 9,468.4 +325.4 Liabilities and net assets (Main items only) As of Feb. 28, 2026 As of Aug. 31, 2026 Change Total liabilities 5,494.7 5,733.3 +238.5) Current liabilities 1,900.6 1,929.8 +29.2) Notes and accounts payable, trade 416.0 498.8 +82.7) Short-term loans 135.5 58.3 (77.2) Current portion of bonds and current portion of long-term loans 446.1 468.2 +22.0) Deposits received 177.9 174.6 (3.2) Lease obligations 164.7 171.9 +7.2) Non-current liabilities 3,594.0 3,803.4 +209.3) Bonds 929.8 957.3 +27.5) Long-term loans 718.4 785.4 +66.9) Lease obligations 1,398.9 1,471.7 +72.7) Total net assets 3,648.1 3,735.0 +86.8) Total liabilities and net assets 9,142.9 9,468.4 +325.4) Billions of yen
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21 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. Revenues from operations Operating income EBITDA*1 YoY/Change YoY/Change YoY/Change Consolidated 5,460.2) 97.2) (156.3) 232.2) 111.5) +23.8) 490.6) 101.1) +5.1) [116.3] [+763.5] [136.6] [+62.2] [119.8]) [+81.1]) Domestic CVS operations 467.3) 101.0) +4.7) 109.8) 90.2) (11.8) 157.7) 95.2) (8.0) Overseas CVS operations 4,966.6) 117.7) +745.4) 150.4) 187.7) +70.2) 342.3) 132.4) +83.7) Others 32.3) 3.4) (913.1) 2.7) 6.6) (38.6) 10.7) 12.6) (74.4) [126.4]) [+6.7]) [89.0]) [(0.33)]) [117.3]) [+1.5]) Eliminations/Corporate (6.0) -) +6.5) (30.7) -) +4.1 (20.1) -) +3.8) Billions of yen, % *2 Reflect the impact of the deconsolidation of York HD and Seven Bank [Like for like*2] Note) Exchange rate: 1 USD = 158.29 JPY, 1 CNY = 23.07 JPY [Like for like*2] 1H Revenues from Operations, Operating Income and EBITDA by Operating Segment (YoY) *1 EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill
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22 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. Revenues from operations Operating income EBITDA* vs. Revised plan / Variance vs. Revised plan / Variance vs. Revised plan / Variance Consolidated 5,460.2) 99.1) (49.7) 232.2) 99.3) (1.7) 490.6) 100.9) +4.6) Domestic CVS operations 467.3) 97.8) (10.6) 109.8) 91.3) (10.5) 157.7) 93.9) (10.1) Overseas CVS operations 4,966.6) 99.2) (39.3) 150.4) 103.0) +4.4) 342.3) 101.4) +4.8) Others 32.3) 90.0) (3.6) 2.7) 130.9) +0.64) 10.7) 153.1) +3.7) Eliminations/Corporate (6.0) -) +3.9) (30.7) -) +3.7) (20.1) -) +6.2) Billions of yen, % 1H Revenues from Operations, Operating Income and EBITDA by Operating Segment (vs. Revised Plan) Note) Exchange rate: 1 USD = 158.29 JPY, 1 CNY = 23.07 JPY * EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 23 1H Consolidated Statements of Cash Flows (Billions of yen) FY2022 FY2023 FY2024 FY2025 FY2026 vs. FY2025 CF from operating activities 366.4) 192.9) 542.4) 382.1) 337.0) (45.0) CF from investing activities (184.2) (223.1) (600.7) (883.3) (168.2) 715.0) Free cash flow 182.2) (30.1) (58.3) (501.2) 168.7) 670.0) CF from financing activities (185.4) (295.2) (76.5) (132.9) (176.0) (43.1) Cash and cash equivalents at the end of the period 1,442.5) 1,372.1) 1,469.5) 694.2) 427.1) (267.0) (1,000.0) (500.0) 0.0 500.0 1,000.0 CF from operating activities CF from investing activities CF from financial activities Free cash flow (Billions of yen)
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24 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. Seven-Eleven Japan (1) (0.6) (0.2) ±0.0 (0.1) +0.3 (0.3) +0.6 +0.9 +1.5 +2.0 +2.0 +0.3 (3.0) ±0.0 +3.0 (1.0) ±0.0 +1.0 Q1 Q2 Q3 Q4 Q1 Q2 Change in GPM (left) Same store sales growth (right) Same Store Sales & GPM (％) (％) FY2025 Trend in 1H Income of Franchised Stores 104.2 107.8 96.9 95.8 98.8 800 1,000 1,200 1,400 FY2022 FY2023 FY2024 FY2025 FY2026 80 90 100 110 Income of franchised store (monthly amount) YoY (%) FY2026 (Thousands of yen)
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25 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. +59 ▲1 ▲170 FY2025 Revenues, etc. GPM SG&A FY2026 Seven-Eleven Japan (2) SG&A Change in Operating Income 121.4 110.2 (11.2) (Billions of yen)(Billions of yen, %) 1H Major factors for changeYoY YoY change SG&A 327.8 105.5 +17.0 Advertising expense 23.6 108.6 +1.8 Sales promotion enhancement Salaries and wages 40.3 101.2 +0.48 Impact of increased salary per person Land and building rent 103.2 101.7 +1.6 Increase in number of stores Depreciation and amortization 46.6 108.2 +3.5 Impact of next- gen system and existing store investments Utility expenses 33.6 100.8 +0.27 Increase in electric cost Other 80.2 113.0 +9.2 Increase in system expenses and maintenance fee (17.0) +5.9 (0.13)
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 26 (1.0) (0.8) +0.5 (0.6) +1.4 (0.1) (3.0) (1.5) ±0.0 +1.5 +3.0 Q1 Q2 Q3 Q4 Q1 Q2 7-Eleven, Inc. (1) Merchandise same store sales growth (%) FY2025 Merchandise gross profit margin FY2026 Merchandise GPM +1.1 (0.6) ±0.0 ±0.0 ±0.0 +0.7 30.0 31.0 32.0 33.0 34.0 35.0 36.0 (3.0) (2.0) (1.0) ±0.0 +1.0 +2.0 +3.0 Q1 Q2 Q3 Q4 Q1 Q2 Merchandise GPM (right) YOY change (left) (%) (%) FY2025 FY2026
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 27 Q1 Q2 Q3 Q4 Q1 Q2 0 500 1,000 1,500 * Total CPG is inclusive of Retail, Supply and Wholesale business 7-Eleven, Inc. (2) (1.9) (4.8) (1.2) (3.9) (8.8) (1.6)(1.0) +2.9 (2.3) +4.8 +16.2 +4.0 (20.0) (10.0) ±0.0 +10.0 +20.0 Q1 Q2 Q3 Q4 Q1 Q2 (20.0) (10.0) ±0.0 +10.0 +20.0 Fuel sales volume growth (left) YOY change in CPG (right) Total Fuel Volume & Margin (Total CPG*) (￠)(%) FY2025 Fuel Gross Profit FY2026 (US$M) FY2025 FY2026
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 28 7-Eleven, Inc. (3) OSG&A 1H Major factors for changeYoY YoY change OSG&A 4,697 101.3 +60 Advertising expenses 54 70.1 (23) Decrease due to advertisement optimization Salaries and wages 1,348 91.4 (126) Decrease due to expense reclass and less corporate stores Land and building rent 648 105.6 +34) Increase due to inflation, etc. Depreciation and amortization 691 100.8 +5.4) Increase due to investment on store equipment and software Utility expenses 267 101.3 +3.3) Increase in utility rates Others 1,686 111.1 +168) Increase due to expense reclass, R&M costs, and credit card costs, etc. Change in Operating Income (Millions of dollars, %) (Billions of yen) +3.7 +66.8 (9.0) +13.0 FY2025 Merchandise, etc. Fuel OSG&A Foreign exchange FY2026 134.4 209.0 +74.6
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 29 7-Eleven, Inc. (4) 10 30 50 70 2,000 3,000 4,000 5,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Fuel sales volume per store (gallon) (left) Retail CPG (¢) (right) Note) The chart shows retail fuel business (Gallon) (￠) FY2022FY2019 FY2020 FY2021 FY2023 FY2024 Fuel Sales Volume / CPG (Retail) FY2025 Speedway FY2026
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 30 Billions of yen Eliminations/Corporate Expenses and Capex 1H results Expenses Capex Results YoY Change vs. Revised plan Results YoY Change vs. Revised plan DX, system, security, etc. (20.2) +2.9 +1.3 1.4 (0.57) (0.81) Others (10.5) +1.2 +2.4 0.91 +0.29) +0.54) Eliminations/Corporate (Operating income) (30.7) +4.1 +3.7 2.3 (0.27) (0.27)
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31 Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 1H Consolidated Results Highlight FY2026 Like for like*1 Financial accounting basis YoY YoY change YoY YoY change Convenience store group merchandise sales*2 10,210.0 104.5 +441.3 104.5 +441.3) Revenues from operations 10,430.0 109.7 +919.6 100.0 (0.26) Operating income 425.0 110.5 +40.3 100.5 +2.0) Ordinary income 390.0 110.7 +37.7 103.3 +12.5) Net income attributable to owners of parent 278.0 109.1 +23.1 95.0 (14.7) EBITDA*3 928.0 107.1 +61.1 98.4 (14.8) EPS (yen) 121.90 117.9 +18.47 102.6 +3.09) EPS before amortization of goodwill (yen) *4 169.81 116.6 +24.18 105.0 +8.07) Billions of yen, % Note) Exchange rate: 1 USD = 157.00 JPY, 1 CNY = 23.00 JPY *1 Reflect the impact of the deconsolidation of York HD and Seven Bank *3 EBITDA: Operating income + Depreciation and amortization + Amortization of goodwill *2 Include merchandise sales from directly operated stores and franchised stores across consolidated convenience store subsidiaries *4 Tax impact related to amortization of goodwill is taken into account
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 32 FY2026 Full-Year Forecasts by Operating Segment Billions of yen, % Revenues from operations Operating income YoY YoY change YoY YoY change Consolidated 10,430.0) 100.0 (0.26) 425.0) 100.5 +2.0) [109.7] [+919.6] [110.5] [+40.3]) Domestic CVS operations 950.0) 103.9 +35.4) 224.2) 100.8 +1.6) Seven-Eleven Japan 920.0) 103.6 +32.3) 225.0) 102.2 +4.7) Overseas CVS operations 9,426.0) 110.2 ＋869.1) 270.0) 121.5 +47.7) 7-Eleven, Inc. ($ millions)*2 55,000) 104.6 +2,397) 2,450) 110.3 +228) Others 76.0) 7.8 (902.6) 4.9) 11.1 (39.1) [129.4] [+17.2]) [85.5] [(0.83)] Eliminations/Corporate (22.0) - (2.2) (74.1) - (8.2) [Like for like*1] [Like for like*1] Note) Exchange rate: 1 USD = 157.00 JPY, 1 CNY = 23.00 JPY *2 Consolidated figures for SEI *1 Reflect the impact of the deconsolidation of York HD and Seven Bank
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Copyright(C) Seven & i Holdings Co., Ltd. All Rights Reserved. 33 Cautionary Statement Regarding Forward-Looking Statements This document contains forward-looking statements regarding Seven & i Holdings Co., Ltd. and its consolidated subsidiaries (the “Company”). Forward-looking statements include, without limitation, statements regarding the Company‘s business plans, financial and operating targets, forecasts, projections, and strategies, and other statements that are not statements of historical fact. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “should,” “target,” and “will,” and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates, and projections in light of information available to the Company as of the date of this document, and are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may differ materially from those expressed or implied by such statements as a result of a number of factors, including but not limited to: changes in economic conditions and consumer spending patterns in Japan, the United States, and other markets in which the Company operates; fluctuations in foreign currency exchange rates and interest rates; changes in competitive conditions in the retail and other industries in which the Company operates; the Company‘s ability to execute its business transformation and other strategic initiatives, including store network optimization and value chain optimization, within the anticipated timeframe or at all; fluctuations in the cost of raw materials, merchandise, logistics, and labor; disruptions to the Company's supply chain, store operations, or information systems, including as a result of natural disasters, public health emergencies, cyber incidents, or geopolitical events; changes in laws, regulations, tax rules, or accounting standards applicable to the Company in Japan and overseas; and other factors described in the Company's periodic disclosure documents filed with Japan's Financial Services Agency (via EDINET) and the Tokyo Stock Exchange, and in other materials available on the Company's website (https://www.7andi.com/en/ir/). Statements attributed in this document to the Company's directors, officers, or employees, including any comments quoted from the Company's Chief Executive Officer, Chief Financial Officer, or other representatives, are made on behalf of the Company and are forward-looking statements to the extent they relate to matters other than historical fact, and are subject to the same qualifications, risks, and uncertainties set forth in this cautionary statement. The forward-looking statements contained in this document are made only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law or stock exchange rule. Readers are cautioned not to place undue reliance on these forward-looking statements.