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Seven & i Holdings H1 profit soars 167.1%

Japanese convenience store chain operator Seven & i Holdings Co. Ltd. reported that its net income attributable to the owners of the parent jumped 167.1% year over year to ¥89.42 billion from ¥33.48 billion for the first half of fiscal 2018.

For the six months ended Aug. 31, diluted EPS came in at ¥101.00, up from ¥37.82 a year ago.

Revenue from operations increased 4.2% year over year to ¥2.987 trillion from ¥2.866 trillion.

The group's total sales for the first half, including those of franchisees Seven-Eleven Japan and U.S-based 7-Eleven Inc., were ¥5.5 trillion, a year-over-year increase of 4.1% from ¥5.280 trillion.

Operating income was ¥194.47 billion for the period, up 7.2% from ¥181.47 billion a year ago.

The company also affirmed its guidance for fiscal 2018, expecting attributable net income to jump 82.9% to ¥177.0 billion and revenue from operations to grow 4.5% to ¥6.10 trillion on a year-over-year basis.

In addition, it announced a dividend of ¥45 per share for the second fiscal quarter and forecast a year-end dividend also of ¥45 per share, for an expected total annual dividend of ¥90 per share.

As of Oct. 11, US$1 was equivalent to ¥112.28.