7&iHD - Significantly fell, with a more downward revision than expected focusing on overseas convenience store business center.

Fisco Japan · Oct 11 09:29

7&iHD <3382> fell significantly. The company announced its first-half financial results the previous day, with operating profit at 187 billion yen, a 22.4% decrease from the same period last year, falling short of the previous financial estimates of 222 billion yen. The consensus also fell short, with indications that it would fall below 200 billion yen due to earlier media reports. On the other hand, the full-year forecast has been revised downwards from the previous 545 billion yen to 403 billion yen, a 24.6% decrease from the previous year, largely due to the poor performance of overseas convenience store operations. While the underperformance was within expectations, the magnitude of the downward revision is viewed negatively.

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7＆iHD---大幅続落、海外コンビニ事業中心に想定以上の下方修正へ

7&iHD - Significantly fell, with a more downward revision than expected focusing on overseas convenience store business center.

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