TOKYO (Reuters) – Japan’s Seven & i Holdings said on Wednesday fourth-quarter profit fell 15%, a result that is likely to hamper its ability to fend off a takeover attempt by Canada’s Alimentation Couche-Tard.
The operator of 7-Eleven convenience stores booked operating profit of 105.6 billion yen ($726.4 million) for the December-February period.
That compared with the 94.45 billion yen average of eight analyst estimates compiled by LSEG and 124.23 billion yen earned in the same period a year prior.
($1 = 145.3800 yen)
(Reporting by Rocky Swift; Editing by Edwina Gibbs)
