Reinvestment in Existing and New Businesses Based on Clear Investment Criteria
First written in FY2016. 6 of 14 entries say "Reframed", first in FY2019. Latest entry: 2026-07-09.
Seven & i Holdings moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 3 of 23 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026-H1ReframedAnnual report
「We believe that Seven-Eleven Japan can continue to preserve synergies with the financial services business by retaining a certain number of shares in Seven Bank, while accelerating growth and maximizing corporate and shareholder value by placing further focus on the convenience store business.」
The approach to capital allocation has been reorganized to further concentrate management resources on the convenience store business while maintaining a certain level of synergies with the financial services business. - FY2025ReframedAnnual report
「By fiscal 2030, capital recovered through the IPO of 7-Eleven, Inc. and the deconsolidation of the SST business group will be returned to shareholders through share repurchases, totaling ¥2 trillion (approximately $13.2 billion).」
The policy of emphasizing capital efficiency and concentrated investment in convenience stores has been translated into capital reallocation that combines the recovery of capital through the deconsolidation of the SST business and the IPO of the North American business with shareholder returns. - FY2024AdvancedAnnual report
「To drive growth across the Group, we will make aggressive strategic investments in the convenience store business while maintaining more agile and flexible financial discipline (target financial leverage: Debt/EBITDA of approximately 1.8–2.5x), and work to improve capital efficiency across the Group.」
The policy of emphasizing capital efficiency and cash generation has been translated into financial discipline targeting a Debt/EBITDA ratio of approximately 1.8–2.5x and aggressive strategic investment in the convenience store business. - FY2023ReframedAnnual report
「The Company plans to allocate generated cash flow primarily to strategic investment in the convenience store business, the Group's growth driver, based on investment decisions grounded in capital efficiency, and promote accelerated growth.」
The policy emphasizing capital efficiency and cash generation was translated into capital reallocation centered on concentrated investment in the convenience store business and capital recovery through a review of the business portfolio. - FY2023RaisedAnnual report
「The Company updated its fiscal 2025 targets as follows: EBITDA of ¥1.1 trillion or more, operating cash flow excluding financial services of ¥900 billion or more, free cash flow excluding financial services of ¥500 billion or more, ROE of 11.5% or more, ROIC excluding financial services of 8.0% or more, a Debt/EBITDA multiple of less than 1.8x, an adjusted Debt/EBITDA multiple of less than 2.0x, and EPS growth (CAGR) of 18% or more.」
The Company raised its financial targets under the Medium-Term Management Plan 2021-2025 for EBITDA, operating cash flow, free cash flow, ROE, ROIC, leverage and EPS growth. - FY2022-Q3RestatedAnnual report
「To sustainably increase corporate value, the Company established the following financial targets based on its basic policy of expanding returns (profits) above the cost of capital and strengthening its ability to generate cash flow, and announced them on 1 July 2021.」
The Company has reconfirmed its policy of emphasizing returns above the cost of capital and cash-flow generation and setting fiscal 2025 financial targets for EBITDA, operating cash flow, free cash flow, ROE, ROIC, leverage and EPS growth. - FY2022-Q1ReframedAnnual report
「(Financial targets for fiscal 2025) Fiscal 2020 results Fiscal 2025 targets EBITDA ¥626.8 billion ¥1 trillion or more Operating cash flow (excluding financial services) ¥456.7 billion ¥800 billion or more Free cash flow (excluding financial services) ¥132.0 billion ¥400 billion or more ROE 6.8% 10% or more ROIC (excluding financial services) 4.7% 7% or more Debt/EBITDA multiple 2.8x Less than 2.0x Adjusted Debt/EBITDA multiple － Less than 2.2x EPS growth (CAGR) － 15% or more」
The Company reorganized its previous policy of emphasizing returns above the cost of capital and cash-flow generation into specific fiscal 2025 financial targets for EBITDA, operating cash flow, free cash flow, ROE, ROIC, leverage and EPS growth. - FY2020ReframedAnnual report
「To sustainably increase corporate value, the Company has adopted as its basic policy expanding returns (profits) above the cost of capital and strengthening its ability to generate cash flow. It has established consolidated KPIs comprising consolidated return on equity (ROE), the ROIC spread, EPS growth, free cash flow levels and Debt/EBITDA.」
With returns above the cost of capital and cash-flow generation as its central focus, the Company established ROE, the ROIC spread, EPS growth, free cash flow and Debt/EBITDA as consolidated KPIs. - FY2019ReframedAnnual report
「In its capital policy, the Company will pursue effective capital allocation and investment efficiency with an awareness of the cost of capital in order to improve capital efficiency. It has also established a cash management system within the group to make effective use of cash and deposits, using intra-group funds to compress the balance sheet and thereby improve net financial income and expenses and increase consolidated return on assets (ROA).」
In addition to the previous reference to a flexible capital policy for retained earnings, the Company has reorganized its capital allocation policy to emphasize the cost of capital, investment efficiency, cash management and improvement of ROA. - FY2017SoftenedAnnual report
「With respect to retained earnings, the Company will implement a flexible capital policy while considering the balance with investments in growth businesses.」
The wording has changed from the previous policy of "active investment in existing and new businesses based on clear investment criteria" to a flexible capital policy that takes the balance with growth-business investment into account. - FY2016First statedAnnual report
「With respect to retained earnings, the Company will actively invest in existing businesses based on clear investment criteria, while also investing in new businesses from a medium- to long-term perspective.」
The capital allocation policy is to direct retained earnings to existing businesses and new businesses over the medium to long term.