Japan’s Seven & I Holdings plans to list its supermarket unit Ito-Yokado, Kyodo news agency reported on Tuesday, citing unidentified sources.
The retail conglomerate aims to focus on its mainstay 7-Eleven convenience store operation by having the supermarket business listed, Kyodo said.
Seven & I will likely announce its plan to list Ito-Yokado, a major general merchandise store chain, on Wednesday, when it is set to announce its financial results, Kyodo said.
Asked about the Kyodo report, a company spokesperson said nothing had been decided at this point.
Business daily Nikkei reported later on Tuesday that Seven & I was looking to set up a new intermediate holding company for general merchandising chains including Ito-Yokado as early as in 2026.
Seven & I is considering courting external investors for the new company, or potentially taking it public, to turn its superstore business profitable by the fiscal year ending February 2026, Nikkei said.
Ito-Yokado, which is struggling to compete with specialty outlets and discount stores, announced in February that it would withdraw from Japan’s major northern island of Hokkaido and some other regions.
- Reporting by Kiyoshi Takenaka, Chang-Ran Kim, Mariko Katsumura; Editing by Kirsten Donovan and Mark Potter, of Reuters.
