CONSOLIDATED RESULTS
Nine Months Ended Nov. 30, 2014 | Nine Months Ended Nov. 30, 2015 | Fiscal Year Ended Feb. 28, 2015 | Fiscal Year Ending Feb. 29, 2016(Forecast) | ||||||
YOY(%) | YOY(%) | YOY(%) | YOY(%) | ||||||
Group's total sales*1 | 7,648,730 | 106.5 | 8,025,141 | 104.9 | 10,235,664 | 106.6 | 10,600,000 | 103.6 | |
Revenues from operations | 4,501,751 | 107.5 | 4,513,893 | 100.3 | 6,038,948 | 107.2 | 6,150,000 | 101.8 | |
Convenience store operations | 2,075,194 | 108.6 | 2,040,761 | 98.3 | 2,727,780 | 107.8 | 2,767,000 | 101.4 | |
Superstore operations | 1,487,174 | 100.2 | 1,524,809 | 102.5 | 2,012,176 | 100.1 | 2,060,000 | 102.4 | |
Department store operations | 627,156 | 100.3 | 632,376 | 100.8 | 875,027 | 100.4 | 900,000 | 102.9 | |
Food services | 60,729 | 102.4 | 63,085 | 103.9 | 80,980 | 103.1 | 84,700 | 104.6 | |
Financial services | 133,766 | 112.9 | 144,110 | 107.7 | 178,221 | 112.2 | 192,000 | 107.7 | |
Mail order services | 132,238 | - | 116,053 | 87.8 | 185,802 | - | 164,000 | 88.3 | |
Others | 40,794 | 107.2 | 45,923 | 112.6 | 53,897 | 106.7 | 70,000 | 129.9 | |
Eliminations / corporate | (55,303) | - | (53,227) | - | (74,937) | - | (87,700) | - | |
Operating income (loss) | 249,455 | 100.1 | 261,037 | 104.6 | 343,331 | 101.1 | 367,000 | 106.9 | |
Convenience store operations | 209,637 | 106.1 | 235,704 | 112.4 | 276,745 | 107.5 | 302,000 | 109.1 | |
Superstore operations | 9,452 | 55.4 | 443 | 4.7 | 19,340 | 65.2 | 20,600 | 106.5 | |
Department store operations | (1,721) | - | (3,271) | - | 7,059 | 107.1 | 7,600 | 107.7 | |
Food services | (398) | - | 802 | - | 44 | 7.3 | 1,600 | - | |
Financial services | 36,966 | 107.3 | 37,665 | 101.9 | 47,182 | 105.1 | 50,000 | 106.0 | |
Mail order services | (5,228) | - | (7,296) | - | (7,521) | - | (6,900) | - | |
Others | 2,805 | 138.3 | 3,848 | 137.2 | 3,669 | 169.4 | 4,500 | 122.6 | |
Eliminations / corporate | (2,057) | - | (6,859) | - | (3,188) | - | (12,400) | - | |
Ordinary income | 249,287 | 100.1 | 259,408 | 104.1 | 341,484 | 100.7 | 362,000 | 106.0 | |
Special gains | 3,184 | 124.1 | 2,215 | 69.6 | 4,835 | 145.1 | |||
Special losses | 24,601 | 123.2 | 28,694 | 116.6 | 36,124 | 115.8 | |||
Income before income taxes and minority interests | 227,871 | 98.4 | 232,929 | 102.2 | 310,195 | 99.7 | |||
Net income | 127,310 | 99.4 | 125,439 | 98.5 | 172,979 | 98.5 | 183,000 | 105.8 | |
Net income per share | yen 144.01 | % 99.4 | yen 141.88 | % 98.5 | yen 195.66 | % 98.4 | yen 206.98 | % 105.8 |
1. Financial Results (Millions ofyen)
Number of shares outstanding (shares)
Average*2 | 884,063,363 | 884,126,270 | 884,064,278 |
End of period*2 | 884,068,013 | 884,150,312 | 884,066,302 |
*1. Group's total sales include the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees.
Convenience store's total sales including total store sales of Seven-Eleven Japan and 7-Eleven, Inc. for nine months ended 2014 and 2015, fiscal year ended Feb. 28, 2015, and fiscal year ending Feb. 29, 2016 are 5,222,173 million yen, 5,552,009 million yen, 6,924,497 million yen and 7,217,000 million yen, respectively.
*2. Excluding treasury stock
Exchange rates
Nine Months Ended Nov. 30, 2014 | Nine Months Ended Nov. 30, 2015 | Fiscal Year Ended Feb. 28, 2015 | Fiscal Year Ending Feb. 29, 2016 (Forecast) | |
Income statements U.S.$1= 1yuan= | 102.93 yen 16.71 yen | 120.98 yen 19.33 yen | 105.79 yen 17.18 yen | 120.00 yen 19.00 yen |
Balance sheets U.S.$1= 1yuan= | 109.45 yen 17.73 yen | 119.96 yen 18.96 yen | 120.55 yen 19.35 yen | - - |
(Reference) Operating income before amortization of goodwill (Millions of yen)
Nine Months Ended Nov. 30, 2014 | Nine Months Ended Nov. 30, 2015 | Fiscal Year Ended Feb. 28, 2015 | Fiscal Year Ending Feb. 29, 2016 (Forecast) | |||||
YOY(%) | YOY(%) | YOY(%) | YOY(%) | |||||
Operating income (loss) | 263,540 | 100.2 | 276,730 | 105.0 | 362,226 | 101.1 | 388,000 | 107.1 |
Convenience store operations | 216,097 | 106.0 | 243,457 | 112.7 | 285,454 | 107.4 | ||
Superstore operations | 11,807 | 60.8 | 2,798 | 23.7 | 22,480 | 68.6 | ||
Department store operations | 2,245 | 97.9 | 695 | 31.0 | 12,342 | 103.9 | ||
Food services | (398) | - | 802 | - | 44 | 7.3 | ||
Financial services | 38,117 | 106.6 | 38,936 | 102.1 | 48,742 | 104.5 | ||
Mail order services | (5,220) | - | (7,291) | - | (7,512) | - | ||
Others | 2,949 | 141.7 | 4,191 | 142.1 | 3,862 | 172.7 | ||
Eliminations / corporate | (2,057) | - | (6,859) | - | (3,188) | - |
Notes: 1. Eliminations / corporate in operating income mainly reflect the Company's operating expenses relating to the Group strategy.
2. The results of Nissen Holdings and its subsidiaries and affiliates in the fiscal year ended Feb. 28, 2014 are consolidated only in the balance sheets.
2.Major Factors for Changes in Financial Results for the Third Quarter of FY2016
*For results of principal operating companies, please refer to page 5 to 6.
(Millions of yen)
Nine Months Ended Nov. 30, 2015 | Major Factors | ||||
Change | |||||
Group's total sales*1 | 8,025,141 | +376,410 | (1) Growth in total store sales at Seven-Eleven Japan
(2) Upward pressure from the effect of a weaker yen | ||
Revenues from operations | 4,513,893 | +12,141 |
282.4 billion yen) | ||
Operating income | 261,037 | +11,582 | |||
Convenience stores | 235,704 | +26,066 | (1) Seven-Eleven Japan
(2) 7-Eleven, Inc.
The effect of a weaker yen. | ||
Superstores | 443 | (9,008) | (1) Ito-Yokado
(2) York-Benimaru (Including Life Foods*2) | the gross profit margin | |
(3) Higher income at Akachan Honpo and improvement of operations in China | |||||
Department stores | (3,271) | (1,549) | Sogo & Seibu
| ||
Food services | 802 | +1,200 | Higher income at Seven & i Food Systems | ||
Financial services | 37,665 | +699 | |||
Mail order services | (7,296) | (2,067) | Lower income at Nissen Holdings | ||
Others | 3,848 | +1,043 | |||
Eliminations/corporate*3 | (6,859) | (4,802) | Mainly an increase in expenses related to the Omni-Channel Strategy | ||
Ordinary income | 259,408 | +10,120 |
| ||
Net income | 125,439 | (1,871) |
*1. Group's total sales include the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees.
*2. Life Foods is a wholly owned subsidiary which produces and sells delicatessen in York-Benimaru stores.
*3. Eliminations / corporate in operating income mainly reflect the Company's operating expenses relating to the Group strategy.
Segment Information
Nine Months Ended Nov. 30, 2014
Nine Months Ended Nov. 30, 2015
Fiscal Year Ended Feb. 28, 2015
Fiscal Year Ending Feb. 29, 2016 (Forecast)
YOY(%)
YOY(%)
Composition (%)
YOY(%)
YOY(%)
Capital expenditures
146,953
98.2
155,631
105.9
53.3
193,235
97.7
282,400
146.1
Convenience store operations
Superstore operations
53,019
88.5
68,634
129.5
23.5
65,490
98.2
87,000
132.8
[65,000]
[99.3]
Department store operations
12,180
97.2
15,141
124.3
5.2
15,380
98.6
15,800
102.7
Food services
2,566
178.6
1,208
47.1
0.4
3,506
154.0
2,800
79.8
Financial services
34,065
110.7
27,490
80.7
9.4
39,110
99.5
42,000
107.4
Mail order services
2,765
-
4,259
154.0
1.5
3,815
-
7,200
188.7
Others
5,010
71.5
3,181
63.5
1.1
5,381
71.1
3,800
70.6
Corporate
6,886
-
16,594
241.0
5.7
15,152
199.7
21,000
138.6
Total
263,450
100.6
292,142
110.9
100.0
341,075
101.3
462,000
135.5
[440,000]
[129.0]
Depreciation and amortization
75,823
112.8
85,781
113.1
59.7
103,247
113.1
126,000
122.0
Convenience store operations
Superstore operations
15,085
111.5
17,379
115.2
12.1
20,696
112.0
23,000
111.1
Department store operations
10,038
99.3
10,170
101.3
7.1
13,399
99.5
13,400
100.0
Food services
518
165.8
609
117.5
0.4
709
162.0
800
112.7
Financial services
18,587
125.5
21,753
117.0
15.1
25,233
124.9
29,000
114.9
Mail order services
2,859
-
2,787
97.5
1.9
3,842
-
4,000
104.1
Others
2,026
109.2
2,237
110.4
1.6
2,689
106.5
2,800
104.1
Corporate
1,750
258.3
2,973
169.8
2.1
2,419
235.0
4,000
165.3
Total
126,690
116.8
143,693
113.4
100.0
172,237
116.9
203,000
117.9
Amortization of goodwill
6,460
103.7
7,752
120.0
49.4
8,709
103.8
Convenience store operations
Superstore operations
2,355
100.3
2,355
100.0
15.0
3,140
100.3
Department store operations
3,967
100.0
3,966
100.0
25.3
5,282
99.9
Food services
-
-
-
-
-
-
-
Financial services
1,151
88.7
1,270
110.4
8.1
1,560
89.3
Mail order services
7
-
4
67.2
0.0
9
-
Others
144
277.3
343
237.8
2.2
192
277.3
Total
14,085
101.4
15,693
111.4
100.0
18,894
101.5
Impairment loss
4,607
132.3
7,178
155.8
51.6
5,739
132.8
Convenience store operations
Superstore operations
3,116
220.5
4,566
146.5
32.8
7,111
104.4
Department store operations
518
34.8
1,604
309.3
11.5
1,763
56.3
Food services
327
116.1
364
111.4
2.6
471
77.8
Financial services
-
-
-
-
-
-
-
Mail order services
-
-
179
-
1.3
90
-
Others
31
-
30
96.1
0.2
44
23.1
Total
8,602
128.4
13,923
161.9
100.0
15,220
100.8
Business Segment Information (Millions of yen)
Notes: 1. Capital expenditures include long-term leasehold deposits and advances for store construction. An increase of the future amortization of assets under the "Accounting Standard for Asset Retirement Obligations" is not included.
Figures for actual results don't include goodwill and others related to the acquisition of stores, etc.
Capital expenditures include investments related to openings of stores for each fiscal year and beyond.
Corporate in capital expenditures mainly reflect the Company's capital expenditures relating to the Group strategy
In capital expenditures, figures in square brackets [ ] show the figures reflecting the securitization of assets of a new store in superstore operations.
Depreciation and amortization include amortization on intangible assets. Corporate in depreciation and amortization mainly reflect the Company's depreciation and amortization relating to the Group strategy
Amortization of goodwill include only the amount record on selling, general and administrative expenses.
The results of Nissen Holdings and its subsidiaries and affiliates in the fiscal year ended Feb. 28, 2014 are consolidated only in the balance sheets.
Geographic Area Segment Information (Millions of yen)
Nine Months Ended Nov. 30, 2014 | Nine Months Ended Nov. 30, 2015 | Fiscal Year Ended Feb. 28, 2015 | |||||
YOY(%) | YOY(%) | Composition (%) | YOY(%) | ||||
Revenues from operations | 2,907,301 | 107.0 | 2,992,783 | 102.9 | 66.3 | 3,941,337 | 107.0 |
Japan | |||||||
North America | 1,501,629 | 108.4 | 1,420,304 | 94.6 | 31.5 | 1,968,854 | 107.5 |
Others | 94,565 | 109.2 | 102,531 | 108.4 | 2.3 | 131,058 | 109.9 |
Eliminations | (1,745) | - | (1,726) | - | - | (2,301) | - |
Total | 4,501,751 | 107.5 | 4,513,893 | 100.3 | - | 6,038,948 | 107.2 |
Operating income | 214,293 | 98.1 | 208,776 | 97.4 | 80.0 | 295,666 | 98.7 |
Japan | |||||||
North America | 36,943 | 117.0 | 52,615 | 142.4 | 20.2 | 49,825 | 120.0 |
Others | (1,781) | - | (363) | - | (0.1) | (2,161) | - |
Eliminations | (0) | - | 8 | - | - | 1 | - |
Total | 249,455 | 100.1 | 261,037 | 104.6 | - | 343,331 | 101.1 |
Note: "Others" consists of the business results in China, etc.
Seven & I Holdings Co. Ltd. issued this content on 2016-01-07 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-07 09:12:05 UTC
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