Seven&i Ratings Placed On CreditWatch Negative On Huge Share Buyback Plan

Seven&i Holdings Co. Ltd. announced measures to improve shareholder value on March 6, 2025, including an initial public offering for its North American convenience store subsidiary and share buybacks worth ¥2 trillion. Despite the recovery of its mainstay convenience store business lagging, the company will likely shift away from the conservative financial policies that have underpinned creditworthiness. We placed our issuer credit ratings on Seven&i Holdings Co. Ltd., Seven-Eleven Japan Co. Ltd., and 7-Eleven Inc. on CreditWatch with negative implications. We plan to resolve the CreditWatch placement within three months after reviewing the company's measures for growth, shareholder returns, and financial policies, and prospects for its convenience store business. TOKYO (S&P Global Ratings) March 11, 2025--S&P

...March 11, 2025 - Seven & i Holdings Co. Ltd. announced measures to improve shareholder value on March 6, 2025, including an initial public offering for its North American convenience store subsidiary and share buybacks worth Ñ2 trillion. - Despite the recovery of its mainstay convenience store business lagging, the company will likely shift away from the conservative financial policies that have underpinned creditworthiness. - We placed our issuer credit ratings on Seven & i Holdings Co. Ltd., Seven-Eleven Japan Co. Ltd., and 7-Eleven Inc. on CreditWatch with negative implications. - We plan to resolve the CreditWatch placement within three months after reviewing the company's measures for growth, shareholder returns, and financial policies, and prospects for its convenience store business. TOKYO (S&P Global Ratings) March 11, 2025--S&P Global Ratings today said it has placed on CreditWatch with negative implications its 'A' long-term issuer credit ratings on Seven & i Holdings Co. Ltd....

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