...April 15, 2024 TOKYO (S&P Global Ratings) April 15, 2024--Seven & i Holdings is balancing efforts to raise competitiveness with the need to keep spending in check. Its progress in reviewing and optimizing its business portfolio, triggered by governance reform, will reduce the investment burden of the company as a whole, in S&P Global Ratings' view. Seven & i Holdings Co. Ltd. (A/Stable/--) announced April 10, 2024, that it will accelerate business growth centering on its convenience store businesses in Japan and overseas. In addition, the operator of the Seven Eleven convenience store chain said it is close to making a decision on an initial public offering of its superstore business, which includes the Ito-Yokado supermarket chain. The company said these initiatives would help maximize the corporate and shareholder value of the group. We expect the company to further accelerate the review and optimization of its business portfolio as shareholder value-oriented governance reforms, such...
