Seven & I Holdings Co (JP:3382) has released an update.
Seven & I Holdings Co. has completed the sale of its sub-subsidiary Nissen Holdings Co., Ltd. to Ci Medical Co.,Ltd., thereby removing Nissen from its group of consolidated subsidiaries. This move aligns with Seven & I’s strategic overhaul to focus on expanding its domestic and international convenience store business, which is central to its growth strategy. The transaction is not expected to significantly affect the company’s financial results for the fiscal year ending in February 2025.
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