Investor Presentaiton
Seven & i's History of Unsatisfactory Response to Shareholders
Investors have repeatedly expressed similar feedback on strategy and performance; management has not
provided strategic clarity or responded with real action, instead deflecting criticism with performative dialogue
Abrdn (Aberdeen Standard Investments)
Votes Against Directors "All directors
should be responsible on company's poor
performance of the speed of restructuring. abrdn
a
TOKIO MARINE
ASSET MGT
Tokio Marine Voted against
the re-election of President
Ryuichi Isaka and Katsuhiro
Goto. Source
a
abrdn
on
restructuring
Abrdn "We exited Seven
& i due to slow progress
non-
We think the board's actions are not
reflective of good governance and they
should be responsible." Source
2015
2019
2020
2021
performing businesses in
spite of our continued
engagement." Source
2022
THIRD POINT
Third Point requests that the Company
sell its underperforming
(namely Ito-Yokado). Source
FRANKLIN TEMPLETON
INVESTMENTS
operations
חום
THIRD AVENUE
MANAGEMENT
Franklin Templeton "...depressed valuations seem
to indicate the market is ignoring the firm's strong
overseas operations, defensive domestic business,
underleveraged balance sheet and continued scope
for restructuring progress." Source
Third Avenue Management "Finally, it
is our view that if the U.S. 7-Eleven
business were to be valued
independently at a multiple similar to
publicly-listed comparable companies,
the undervaluation of Seven & I would
become glaringly clear." Source
ARTISAN PARTNERS
Artisan Partners "address
the distinct differences
between the company's
valuable convenience store
assets and the company's
other retail businesses."
Source
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