In today’s briefing:
- Seven & I (3382) | Strategic Refocus and Acquisition Interest Signal Major Upside Potential
- Duskin (4665 JP) – Q1 FY3/25 Results Update
- Dydo Drinco Inc (2590 JP): 1H FY01/25 flash update
Seven & I (3382) | Strategic Refocus and Acquisition Interest Signal Major Upside Potential
- 7&I Holdings is reviewing a confidential acquisition proposal from $ATD, highlighting significant potential for value creation through strategic refocusing on its core convenience store business
- ValueAct Capital previously criticized 7&I as an “unfocused holding company,” urging a focus on core assets, estimating a potential value of ¥4,200 per share.
- Our valuation suggests 7&I could reach ¥3,700 per share, driven by the repricing of its overseas CVS business; $ATD will need a strong offer.
Duskin (4665 JP) – Q1 FY3/25 Results Update
- Reflecting strengths and weaknesses – Q1 FY3/25 results presented contrasting elements in Duskin’s business.
- Despite high hurdles YoY, the Food Group demonstrated sustained sales growth driven by the ‘Mister Donut’ chain.
- However, cost inflation (involving personnel and manufacturing amongst others) and challenges in new customer acquisition at the Direct Selling Group contributed to a 7.5% decline in OP YoY.
Dydo Drinco Inc (2590 JP): 1H FY01/25 flash update
- Revenue for FY01/23 was JPY117.6bn (+15.6% YoY), with Domestic Beverage revenue at JPY73.0bn (-1.7% YoY) and International Beverage revenue at JPY26.8bn (+155.8% YoY).
- Operating profit for FY01/23 was JPY2.3bn (-8.2% YoY), with a JPY238mn operating loss in Domestic Beverage and a 5.0x increase in International Beverage.
- For FY01/25, DyDo Group forecasts revenue of JPY240.0bn (+12.5% YoY), operating profit of JPY4.4bn (+17.9% YoY), and net income of JPY4.9bn (+10.8% YoY).
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
