Latest Tokyo Brief coverage on Seven & i Holdings Co., Ltd., tracking filings, financial news, and market signals from Japan.
TSE:3382
Seven & i Holdings used a single ToSTNeT-3 session to complete a ¥400bn share buyback, then two weeks later allotted ¥300bn in treasury shares to SoftBank, PayPay and Sumitomo Mitsui Card in a separate transaction that the filing does not otherwise explain.
Seven & i confirmed payment has landed for 144.9mn treasury shares sold to SoftBank, PayPay and Mitsui Sumitomo Card at ¥2,070 apiece, converting July's alliance announcement into a completed ¥300.0bn capital injection with no earnings read-through disclosed yet.
Seven & i Holdings landed ¥100,300 short of its ¥400bn share-buyback ceiling in a single Tokyo Stock Exchange trade on August 3, and nearly ¥367bn of that deal carries a placeholder price that SMBC Nikko Securities will true up later against the stock's future trading average.
PayPay's quarterly net profit rose to ¥19.7bn as its banking and brokerage units grew faster than the core payments app, even as the company commits ¥100.0bn to a new Seven & i Holdings alliance and lines up a life-insurance purchase.
Seven & i Holdings says discussions on a Polish convenience-store investment are real, but nothing has been decided, after media reports the company did not authorize.
Seven & i lifted its full-year operating profit forecast to ¥425.0bn after gasoline revenue at 7-Eleven, Inc. beat plan and it revised its dollar-yen assumption to ¥157 from ¥150, even as domestic convenience-store profit dipped on store-investment costs.