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Investor Presentaiton

The Strategic Transformation: A Four Step Process 1 Announce a bold strategy to truly focus on 7-Eleven and to restructure the non-core businesses without limits 2 3 4 Complete the sale of Sogo & Seibu and announce intention to separate Ito- Yokado through a sale or spin-off with plans to rapidly restructure the company to focus on its food retail operations Exit the remaining non-core businesses while maximizing value and paying due consideration to stakeholders until the convenience store operations are all that remain Operational review of 7-Eleven outside of Japan, including the US expense base and fresh food opportunity, as well as the international growth opportunity, culminating in new targets and a roadmap to achieve them 4
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