Seven-Eleven Japan

[4] On November 14, 1989, SEJ announced that it had reached a basic agreement to acquire all 57 Seven-Eleven stores in Hawaii from the Southland Corporation for 75 million dollars (approximately 16 billion yen).

With the cooperation of creditors, it was agreed that the Yokado Group would acquire 75% of Southland Corporation's shares for a total of 400 million dollars (approximately 60 billion yen).

[7] After several negotiation deadline extensions, SEJ revealed on October 24 that it had applied to the U.S. bankruptcy court for the implementation of Southland Corporation's restructuring plan.

The court approved the restructuring plan, and on March 6, 1991, SEJ announced the completion of the acquisition process, purchasing 70% of the company's stock for 430 million dollars (approximately 56 billion yen).

[8] On August 24, 1995, SEJ announced its full-scale expansion into the Kansai region, with Osaka as the central location.

Prior to this announcement, SEJ had only opened stores in Kyoto, Shiga, and certain parts of Osaka Prefecture in the Kansai region.

[9] According to the interim financial results in August 1996, the total sales of all stores in the SEJ chain surpassed its parent company, Ito-Yokado, for the first time.

In the financial results for the fiscal year ending in February 2005, over 90% of Ito-Yokado's consolidated operating profit of 211.9 billion yen was generated by the convenience store business.

[12][13] On September 1, 2005, SEJ announced its intention to launch a tender offer in the U.S. market to acquire the remaining 27.7% of the issued shares of Seven-Eleven, Inc., which it did not already own, thereby making it a wholly-owned subsidiary.

The remaining shares were acquired through compulsory acquisition based on the laws of the state of Texas, thereby establishing it as a wholly-owned subsidiary.

7-Eleven stores displaying the Seven & I Holdings logo