Seven & i Holdings to deconsolidate Seven Bank

Seven & i Holdings (TSE: 3382) announced today that its subsidiaries, including SEVEN-ELEVEN JAPAN, Ito-Yokado, and York-Benimaru, will tender some or all of their shares in Seven Bank in response to the bank's planned share repurchase. As a result, Seven Bank will become an equity method affiliate and will be excluded from Seven & i Holdings' consolidated subsidiaries. SEVEN-ELEVEN JAPAN's holding in Seven Bank is expected to become 39.9%. The transaction, conducted through the Off-Auction Own Share Repurchase Trading System (ToSTNeT-3), is scheduled for June 19, 2025, with the change effective June 24, 2025. The move is part of a broader strategy to streamline the company's portfolio and concentrate on the domestic and international convenience store sector. While the financial impact on the fiscal year ending February 28, 2026, is expected to be immaterial, Seven & i will still record Seven Bank's results through Q2 as consolidated subsidiaries.