Strengthening the Dominant Position and Franchising of Convenience Stores in North America
First written in FY2016. 16 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-09.
No other company in this theme has enough history to compare yet.
- FY2025-Q1AchievedAnnual report
「On 16 April 2024, we completed the acquisition from U.S.-based Sunoco LP of part of its convenience-store and gasoline-retailing businesses. We will further increase our market share in the United States and accelerate growth further.」
On 16 April 2024, the company completed the acquisition from Sunoco LP of part of its convenience-store and gasoline-retailing businesses and reached the stage of pursuing further expansion of its North American market share. - FY2024AchievedAnnual report
「The integration process for the Speedway business acquired in May 2021 has progressed steadily, generating cumulative synergies of $976.5 million since the integration began in the current consolidated fiscal year and achieving the $800 million target. In addition, in January 2024, the company announced the acquisition from U.S.-based Sunoco LP of part of its convenience-store and gasoline-retailing businesses to further accelerate growth in the North American market.」
Cumulative synergies from the Speedway integration reached $976.5 million, achieving the $800 million target. In addition, the company announced in January 2024 the acquisition of part of Sunoco LP's business. - FY2024-Q2RestatedAnnual report
「The integration process for the Speedway business acquired in May 2021 has progressed steadily, and we expect synergies of $800 million in the current consolidated fiscal year.」
The company reaffirmed progress on the Speedway integration and its plan to generate $800 million in synergies during the current consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「The integration process for the Speedway business acquired in May 2021 has progressed steadily, and we expect synergies of $800 million in the current consolidated fiscal year.」
The company continues to indicate a plan to generate $800 million in synergies from the Speedway integration during the current consolidated fiscal year. - FY2023RaisedAnnual report
「The planned synergies for fiscal 2023 will be raised from the initial plan of $650 million to $800 million.」
The planned Speedway integration synergies for fiscal 2023 were raised from $650 million to $800 million. - FY2023AchievedAnnual report
「The integration process for the Speedway business has progressed steadily, and synergies amounted to approximately $682 million in the current consolidated fiscal year, substantially exceeding the initial plan of $450 million.」
The Speedway integration generated approximately $682 million in synergies during the year, exceeding the initial plan of $450 million. - FY2023-Q3AdvancedAnnual report
「The integration process for the Speedway business acquired in May 2021 has progressed steadily, and synergies have been developing at a pace substantially exceeding the $450 million expected for the current consolidated fiscal year.」
The integration following the Speedway acquisition has progressed steadily, with synergies developing at a pace substantially exceeding the $450 million expected for the current consolidated fiscal year. - FY2023-Q2AdvancedAnnual report
「This was finalized during the second quarter of the current consolidated fiscal year. ... Goodwill (after adjustment) ¥12,356,594 thousand US dollars (¥1,367,010 million)」
For the Speedway acquisition, the provisional business-combination accounting and purchase price allocation were finalized, resulting in adjusted goodwill of $12,356,594 thousand. - FY2023-Q1AdvancedAnnual report
「The integration process for the Speedway business acquired in May 2021 has progressed steadily, and we expect synergies of $450 million in the current consolidated fiscal year.」
The integration process following the Speedway acquisition has progressed steadily, reaching the stage at which synergies of $450 million are expected in the current consolidated fiscal year. - FY2022AdvancedAnnual report
「Following the acquisition on 14 May 2021 from U.S.-based Marathon Petroleum Corporation of shares and other equity interests relating to the convenience-store business and other operations primarily conducted under the Speedway brand, we incorporated the results of the Speedway business from that date onward and steadily advanced all integration processes, including management, operations and employee awareness, with the aim of creating further synergies.」
Following the Speedway acquisition, the company advanced the integration process, including management, operations and employee awareness, in addition to incorporating the business's results. - FY2022-Q3AdvancedAnnual report
「Following the acquisition on 14 May 2021 from U.S.-based Marathon Petroleum Corporation of shares and other equity interests relating to the convenience-store business and other operations primarily conducted under the Speedway brand, we have incorporated the results of the Speedway business from that date onward into consolidated results.」
The filing states that, following the acquisition of the Speedway business, the company moved to the stage of incorporating its results into consolidated results. - FY2022-Q2RestatedAnnual report
「Following the acquisition on 14 May 2021 from U.S.-based Marathon Petroleum Corporation of shares and other equity interests relating to the convenience-store business and other operations primarily conducted under the Speedway brand, we have incorporated the results of the Speedway business from that date onward.」
The results of the Speedway business were incorporated into consolidated results following the acquisition, while the company continued expanding its overseas convenience-store business. It reaffirmed its growth strategy through post-acquisition integration. - FY2022-Q1AdvancedAnnual report
「On 14 May 2021, we completed the acquisition from U.S.-based Marathon Petroleum Corporation of shares and other equity interests relating to the convenience-store business and other operations, and will proceed with integrating the business with Speedway. In addition to leveraging the business's brand loyalty and ability to attract customers through its locations, we will seek to maximize and accelerate synergies by promoting the introduction of 7-Eleven, Inc.'s high-quality, highly profitable fast-food and private-label products at Speedway stores.」
Following completion of the Speedway acquisition, the company specified its policy of integrating the Speedway business, introducing 7-Eleven products, and maximizing and accelerating the realization of synergies. - FY2021AchievedAnnual report
「Through SEI Speedway Holdings, LLC, established as a wholly owned subsidiary of 7-Eleven, Inc., we completed the acquisition on 14 May 2021. At the same time, we entered into a 15-year gasoline supply agreement with MPC for the acquired stores.」
The acquisition from Marathon Petroleum Corporation of the Speedway-branded convenience-store and fuel-retailing businesses and other operations was completed on 14 May 2021, and a 15-year gasoline supply agreement was also executed. - FY2021-Q3RestatedAnnual report
「On 3 August, we entered into an agreement with U.S.-based Marathon Petroleum Corporation to acquire shares and other equity interests relating to the convenience-store business and other operations primarily conducted under the Speedway brand.」
The company reiterated its plan to expand the North American business based on the agreement to acquire the Speedway brand and other operations. The acquisition was scheduled for the first quarter of fiscal 2021, but this filing provides no new evidence of completion after the agreement was signed. - FY2021-Q2AdvancedAnnual report
「On 3 August, we entered into an agreement with U.S.-based Marathon Petroleum Corporation to acquire shares and other equity interests in multiple companies relating to the convenience-store business and other operations primarily conducted under the Speedway brand.」
To expand the North American business, the company entered into an agreement on 3 August to acquire Speedway-branded convenience-store and fuel-retailing businesses and other operations from Marathon Petroleum Corporation. The acquisition covered 24 companies, with consideration of $21.0 billion, and the business combination date was scheduled for the first quarter of fiscal 2021. - FY2021-Q1RestatedAnnual report
「7-Eleven, Inc. in North America continued closing low-profit existing stores and focusing on developing and selling fast-food products and the private-label brand 7-Select. In the United States, a national emergency was declared in March due to the spread of COVID-19, and sales and other results began to be affected from that month.」
The company continued closing low-profit stores and developing and selling fast-food and private-label products. No new acquisition or similar transaction was mentioned. - FY2020AdvancedAnnual report
「We will also work to improve profitability by renovating company-operated stores, promoting their conversion to franchises, and closing unprofitable stores.」
For the North American business, the company identified the renovation and franchising of company-operated stores and the closure of unprofitable stores as measures to improve profitability going forward. - FY2020-Q3RestatedAnnual report
「7-Eleven, Inc. in North America continued closing low-profit existing stores and focusing on developing and selling fast-food products and the private-label brand 7-Select, as a result of which」
The company continued closing low-profit stores and developing and selling fast-food and private-label products. - FY2020-Q1RestatedAnnual report
「7-Eleven, Inc. in North America continued closing low-profit existing stores and focused on developing and selling fast-food products and the private-label brand 7-Select. As a result, dollar-denominated merchandise sales at existing U.S. stores during the first quarter exceeded the previous year's level, and operating profit was ¥17,831 million, or 126.6% year on year.」
The company continued closing low-profit stores and developing and selling original products, and stated that merchandise sales at existing U.S. stores exceeded the previous year's level. No progress on a new acquisition or similar transaction was indicated. - FY2019Cited as achievedAnnual report
「In addition, chainwide sales, comprising sales at company-operated and franchised stores, amounted to ¥3,993,259 million, or 127.4% year on year, due in part to growth in merchandise and gasoline sales following the acquisition of some Sunoco LP stores completed in January 2018.」
The completed acquisition of part of Sunoco LP's business is cited as having contributed to growth in North American merchandise and gasoline sales. - FY2019-Q3Cited as achievedAnnual report
「In addition, chainwide sales, comprising sales at company-operated and franchised stores, amounted to ¥3,002,686 million, or 128.3% year on year, due in part to growth in merchandise and gasoline sales following the acquisition of some Sunoco LP stores completed in January 2018.」
The acquisition of some Sunoco LP stores completed in January 2018 is cited as having contributed to growth in merchandise and gasoline sales in the North American business. - FY2019-Q2Cited as achievedAnnual report
「7-Eleven, Inc. in North America continued closing low-profit existing stores and focused on developing and selling original products. As a result, dollar-denominated merchandise sales at existing U.S. stores during the cumulative first six months of the current consolidated fiscal year remained above the previous year's level, and operating profit was ¥45,173 million, or 114.6% of the previous year's figure. In addition, chainwide sales, comprising sales at company-operated and franchised stores, amounted to ¥1,916,979 million, or 126.2% year on year, due in part to growth in merchandise and gasoline sales following the acquisition of some Sunoco LP stores completed in January of this year.」
The completed acquisition of some Sunoco LP stores is cited as having contributed to growth in merchandise and gasoline sales. The company also continued closing low-profit stores and developing and selling original products. - FY2018AchievedAnnual report
「On 23 January 2018, we completed the acquisition of part of the business of U.S.-based Sunoco LP.」
The acquisition of part of Sunoco LP's convenience-store and gasoline-retailing businesses was completed on 23 January 2018. A 15-year gasoline supply agreement for the acquired stores was also executed. - FY2018-Q3AdvancedAnnual report
「Although this is subject to the status of the authorities' final approval procedures, given that approval of the relevant procedures is now at the final stage, we expect those procedures to be completed by the end of January 2018.」
The acquisition of Sunoco LP's business progressed from the previous quarter's disclosure of a possible delay to an expectation that the approval procedures, now at the final stage, would be completed by the end of January 2018. However, completion had not yet occurred. - FY2018-Q2SoftenedAnnual report
「Although completion was initially scheduled for August 2017, approval procedures by the U.S. Federal Trade Commission and other processes remain ongoing, increasing the likelihood that completion of the transaction will be delayed until around the end of the year.」
The likelihood of the acquisition of Sunoco LP's business being delayed increased from the initially scheduled completion in August 2017 to around the end of the year. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 6 April 2017, we resolved that our consolidated subsidiary 7-Eleven, Inc. would acquire part of the convenience-store and gasoline-retailing businesses of U.S.-based Sunoco LP. On the same date, 7-Eleven, Inc. and Sunoco LP entered into an agreement for the business acquisition.」
To expand its North American store network and supply chain, the company resolved to acquire part of Sunoco LP's convenience-store and gasoline-retailing businesses and entered into an agreement. The acquisition was scheduled for August 2017, with consideration of $3,305.6 million in cash. A 15-year gasoline supply agreement for the acquired stores was also planned. - FY2017AdvancedAnnual report
「As of the end of December 2016, 7-Eleven, Inc. in North America operated 8,707 stores, an increase of 207 stores year on year. The company promoted store openings in urban areas while closing some existing and acquired stores with an emphasis on profitability. In July 2016, in addition to acquiring stores from U.S.-based CST Brands, it began acquiring stores from Canada's Imperial Oil in stages from September of the same year.」
The company proceeded with the acquisition of stores from CST Brands and Imperial Oil, expanding its North American store network to 8,707 stores, while closing some stores with an emphasis on profitability. - FY2017-Q3AdvancedAnnual report
「As of the end of September 2016, 7-Eleven, Inc. in North America operated 8,568 stores, an increase of 68 stores from the end of the previous fiscal year. The company promoted store openings in urban areas while closing some existing and acquired stores with an emphasis on profitability. In July 2016, in addition to acquiring stores from U.S.-based CST Brands, it began acquiring stores from Canada's Imperial Oil in stages in September of the same year.」
The number of North American stores reached 8,568, as the company opened stores in urban areas, closed some stores with an emphasis on profitability, and proceeded with the acquisition of stores from CST Brands and Imperial Oil. - FY2017-Q2AdvancedAnnual report
「In March 2016, we entered into an agreement to acquire 148 stores from Canada's Imperial Oil in the second half of that year, and in June of the same year, we entered into an agreement to acquire 79 stores from U.S.-based CST Brands in July of that year.」
To strengthen its North American network, the company entered into acquisition agreements for 148 stores in Canada and 79 CST Brands stores in the United States, specifying the planned acquisition in July of that year. - FY2017-Q1AdvancedAnnual report
「In March 2016, we also entered into an agreement to acquire 148 stores from Canada's Imperial Oil in the second half of that year.」
To strengthen its North American network, the company entered into an agreement to acquire 148 Imperial Oil stores in Canada in the second half of the year. - FY2016First statedAnnual report
「In the overseas convenience-store business, 7-Eleven, Inc. in North America will focus on developing and selling fast-food products and the private-label brand 7-Select, while promoting new store openings in dominant areas and the franchising of company-operated stores.」
Product development, new store openings and the franchising of company-operated stores have been identified as initiatives for the North American business.