Investing.com -- Seven & i Holdings, the operator of 7-Eleven convenience stores in Japan, reported a 15% decline in its fourth-quarter profit on Wednesday.
The lower earnings could potentially impact the company’s ability to resist a takeover bid from Canada’s Alimentation Couche-Tard.
For the December to February period, the company’s operating profit was 105.6 billion yen ($726.4 million), slightly exceeding the 94.5 billion yen average predicted by eight analysts, according to data compiled by LSEG.
In addition to the financial results, Seven & i Holdings also announced plans for a $2 billion share buyback. The company is also considering listing its North American convenience store subsidiary on the stock exchange by the second half of 2026.
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