Seven & i: Sales of department stores and restaurants drastically reduced in March 20:27 on April 9
Due to the spread of the new coronavirus, distribution giant Seven & i Holdings revealed a significant drop in sales last month at department stores and restaurants.
This was clarified during a financial results briefing held in a telephone conference on September 9.
Last month's preliminary sales by affiliated companies were down 33% in department stores, dining out at family restaurants and other stores by more than 25% compared to the same month last year. Including general supermarkets, sales decreased by more than 5%. Convenience stores in Japan decreased by more than 3% due to lack of office area stores.
Seven & i has postponed the announcement of its medium-term management plan scheduled for September 9 because it has made it difficult to see the future business environment due to the effects of the new coronavirus, and has not yet determined the business forecast for the next fiscal year. did.
Ryuichi Isaka, president of Seven & i Holdings, said, "The effects of the new coronavirus change every day and cannot be measured. I want to respond to changes in shopping and lifestyle."
On the other hand, in the one-year financial results for the February period, operating revenue, which is equivalent to sales, decreased by 2.2% from the previous year to more than 6.6443 trillion yen, but the final profit was 7.51 billion yen to 7.51 billion yen. And increased to a record high for the third consecutive year.