Q3 2020 Seven & i Holdings Co Ltd Earnings Call Transcript
Happy New Year, everyone. My name is Junro Ito of Seven & i Holdings. Thank you for your support last year.
Last year, a number of issues involving Seven & i Holdings caused concerns to our stakeholders. We apologize for any concerns and inconvenience this may have caused. The company will be working as a cohesive unit to guarantee such issues do not repeat themselves in 2020. We request your continued support and understanding.
I would now like to give you an overview of the company's financial results covering the third quarter of fiscal year 2020. First, I would like to start with a review of the company's cumulative consolidated financial results for the third quarter of fiscal year 2020. Please turn to Page 2.
Revenues from operations stood at JPY 4.9755 trillion, due primarily to a decrease in Ito-Yokado store locations, a challenging sales environment for existing stores, a decrease in gasoline sales in convenience stores in North America derived from a decline in the price of
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