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Seven & I Holdings Prepares for Major Changes at AGM

On April 17, 2025, Seven & I Holdings Co., Ltd. made a significant announcement regarding their commitment to enhance shareholder value with the nomination of a highly qualified slate of directors. This initiative is considered a critical step in aligning the company's strategic direction with the interests of its shareholders, and it coincides with the upcoming Annual General Meeting (AGM) on May 27.

In the letter addressed to shareholders, the company articulated its dual-track strategy aimed at maximizing corporate and shareholder value. This strategy includes a standalone plan announced earlier this year, as well as ongoing constructive engagements with key stakeholders, including Alimentation Couche-Tard (ACT).

The ambitious standalone plan is designed to drive long-term growth while enhancing returns to shareholders. As part of this plan, Seven & I Holdings initiated a notable share repurchase program, allowing up to ¥600 billion in FY 2025, showcasing their commitment to delivering tangible value to their investors.

In parallel, the Special Committee of the Board, solely composed of independent directors, continues to engage ACT to facilitate the necessary steps toward securing antitrust regulatory approval, should a potential sale transaction be decided upon.

A Fresh Perspective with New Directors

Among the most exciting aspects of the announcement is the introduction of four independently nominated directors who bring extensive expertise to the table. These new members are set to enhance the company's capacity to navigate challenges and capitalize on opportunities across various sectors pertinent to its operations, particularly in retail and brand management.

1. Takashi Sawada: Currently the CEO of CellSource, Mr. Sawada's previous experience includes top roles at FamilyMart and Fast Retailing, along with robust knowledge of international expansion strategies and franchise management.
2. Masaki Akita: As the former Executive Officer of Matsuya, Mr. Akita is well-versed in retail and marketing practices and is committed to upholding governance standards within the company.
3. Tatsuya Terazawa: With experience as a former Vice-Minister for International Affairs at METI, Mr. Terazawa contributes strong insights into economic strategies and sustainability practices vital for the company’s growth.
4. Christine Edman: Having held leadership positions at global brands such as H&M and GIVENCHY, Ms. Edman brings a wealth of knowledge in digital transformation and international retail operations.

The election of this newly proposed board slate emphasizes Seven & I's focus on increasing the proportion of independent directors, aiming for a more transparent and effective governance structure. The increased diversity in board expertise is expected to further align the company's operations with global best practices.

Strengthening Corporate Governance

In tandem with these director nominations, Seven & I Holdings will continue its practice of separating the roles of Chairperson of the Board and the CEO to bolster corporate governance integrity. Fuminao Hachiuma has been selected as the Chairperson, poised to strengthen the discussions between independent directors and senior management, thereby ensuring that shareholder concerns are adequately represented in strategic decisions.

Junro Ito, from the founding family of the company, will act as Representative Director and Executive Chair, while Shigeki Kimura will support the leadership agenda as Executive Vice President. Under their guidance, the company aims to engage vigorously with employees, franchisees, and broader stakeholders to foster a collaborative corporate environment.

Final Thoughts

As the AGM approaches, the directional change spearheaded by the inclusion of highly competent independent directors fosters optimism regarding Seven & I’s pathway to significant value creation. Their commitment to rigorous governance and strategic clarity may well set the stage for enhanced growth and sustainability in an evolving market landscape.

All shareholders are encouraged to participate in the upcoming Annual Meeting to discuss these pivotal changes and the company’s vision for the future.

In conclusion, Seven & I Holdings is genuinely poised for transformation under the guidance of its enriched board, reinforcing their dedication to maximizing value for all stakeholders involved.