Seven & i Holdings Co., Ltd.'s financial results for the year ending February this year were due to the effects of the new coronavirus, which continued to shorten department store business hours and reduced the number of customers visiting the store in its main convenience store business. As a result, sales fell below the previous year and the final profit fell by 17%.
According to the announcement, Seven & i's financial results for the entire group for the year ending February this year were 5,766.7 billion yen, down 13.2% from the previous year.
The final profit was 179.2 billion yen, which was 17.8% lower than the previous year, resulting in lower sales and profits.
Due to the state of emergency due to the spread of the new coronavirus infection, the group's department stores have closed or shortened business hours, and the number of customers visiting stores has decreased even in the main convenience store business due to working from home and refraining from going out. What I did was echoed.
The company is investing more than 2 trillion yen to expand its overseas convenience store business in the future, and is proceeding with the acquisition of the convenience store chain, which is the third largest in the United States in terms of the number of stores. As it has not, we have postponed the announcement of the business outlook for the year to February next year.