Seven & i in Japan seen booking fall in Q4 profit, adding to takeover pressure

A man walks past the logo of 7-Eleven displayed at their convenience store in Tokyo, Japan March 6, 2025. Profit has fallen in recent quarters as domestic convenience store operations underperformed competitors and its North American arm suffered from lower consumer spending- - Reuters

TOKYO: Japanese retailer Seven & i Holdings is set to record a 24 per cent drop in quarterly profit on Wednesday (April 9) as underperformance of its convenience store business hampers its ability to fend off a takeover attempt by Canada's Alimentation Couche-Tard.

Seven & i is likely to book operating profit of 94.45 billion yen (US$639.52 million) for December-February, showed the average of eight analyst estimates compiled by LSEG. That would compare with 124.23 billion yen in the same period a year prior.