Seven & i Holdings Explores New Structure

TOKYO (Reuters) – Seven & i Holdings is considering creating an intermediate holding company for its supermarket, restaurant arms, and non-core assets. This move aims to attract external investment and enhance focus on its convenience store operations, according to the Yomiuri newspaper.

The retail giant's reform plans are expected to be announced alongside its second-quarter earnings later today, as reported by Yomiuri.

The new structure would encompass non-core assets such as its superstores business, general goods store Loft, baby goods store Akachan Honpo, and the operating company of Denny's (NASDAQ:DENN) restaurants in Japan.

The objective is to secure external capital prior to a potential initial public offering, as mentioned by several sources familiar with the issue.