Overview
- At a Tokyo briefing, CEO Stephen Dacus confirmed plans to take the North American unit public in the second half of 2026.
- The IPO is designed to expand the company’s debt capacity to accelerate U.S. store rollouts and finance bolt-on acquisitions.
- The move follows the withdrawal of Alimentation Couche-Tard’s $46 billion takeover bid, which had weighed on the stock with a 9% drop.
- In March, Seven & i sold its superstore unit and launched a ¥2 trillion share buyback through 2030 to streamline its portfolio.
- The firm faces stiff competition in Japan from Family Mart and Lawson and has drawn scrutiny over thin profit margins in its U.S. convenience network.