...November 24, 2023 Seven & i's earnings will grow steadily on solid performance. Strategic efforts in its mainstay convenience store businesses have reaped steady benefits despite inflation. The company is expanding a variety of fresh food products in the U.S. while tightly controlling selling expenses. Progress integrating Speedway LLC has lifted earnings. Domestic convenience store business also supports stable profits. Strong product strategies give it competitive advantages. Its store network and high brand recognition will help maintain its dominant domestic position. As a result, we expect EBITDA to remain steady and high at about Ñ1 trillion for one to two years. Exposure to volatility in overseas business has risen. Seven & i has aggressively expanded overseas convenience store business through acquisitions such as Sunoco LP's retail gasoline and convenience store business in 2018 and Speedway LLC in 2021. High gasoline sales make overseas earnings more susceptible to volatile fuel...
