Seven & I Hldgs Co Ltd (SVNDF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. I am Mariama of 79 Holdings. I would like to ask for your cooperation this year. Thank you very much for your understanding and support for our group, and I would like to take this opportunity to thank you all. Also, thank you very much for participating in this presentation briefing out of your busy schedules. I would now like to talk about our third quarter results of 2024. Please turn to page two. This is the executive summary for today. It was a year that we were facing a change of the consumption environment that we have never experienced, but each business managers have played central roles in dealing with materialized issues in the first half. And after repeating trials and errors, we are now seeing results reflected in the numbers furthermore. We believe that we are starting to have confidence that these initiatives have become effective, not only in short term, but in the medium and long term as well. Our group, 2024, was positioned as a very important year to enhance our enterprise value and shareholder value in the medium to long term. and it is a year of culmination of our several years of selection and concentration efforts. Especially the third quarter in 2024, based on our initiatives, We have promoted our strategy to streamline our low-profit business as well as assets for our future growth based on our action plan announced on April 10th. These initiatives will complete within this fiscal year and should lead to our profit growth. in 2025 and onwards. However, even as we strongly promote this reform, we will be achieving the full-year net profit plans of 2024. Also, we are making steady progress for group structural optimization towards our group's maximization of enterprise value and shareholder value. Secondly, as we have a strategic ...