Seven & I Hldgs Co Ltd (SVNDF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening to you all. This is Maruyama speaking of Seven and I Holdings. Thank you very much for taking the time out of your busy schedules to join us today. And I also would like to express our sincere gratitude for your continued understanding and support of the group. And now I would like to take you through the financial results for the first quarter of the fiscal year 2025. Please turn to page two. This is today's executive summary. The consolidated results for the first quarter of FY25 increased both in sales and profits. Net income, in particular, increased significantly due to the impact of special gains and losses. For the full-year consolidated earnings forecast, we will maintain the forecast announced in April at this stage. We are steadily implementing the management measures announced on March 6th to enhance corporate and shareholder value. Please turn to page three, today's agenda. First, I will cover the first quarter results followed by an update on the progress of major business initiatives. Let me take you through the results of the first quarter. Please turn to page 5. Highlight of consolidated results for the first quarter. ¥2,777.3 billion in revenues from operations, 101.6% year-over-year, and 99.4% against the plan. Operating income, ¥65 billion. 109.7% year-over-year and 111.8% versus the plan. Net income attributable to owners of parent, 49 billion yen, 229.2% year-over-year and 248.8% versus the plan. Amortization of goodwill under Japan J-GAP was 35.4 billion yen. In the first quarter, Net income increased significantly by 229.2% year-on-year to 49 billion yen, mainly due to the recording of a gain on the sales of non-current assets, gain on sale of land of 32 trillion 113 million yen as extraordinary income from the sale of Ito Yokado s...