Japan 7/11 to Restructure: Updated May 13, 2024.

 

Seven & i's supermarket unit to withdraw from some Japan areas

Article Source: https://mainichi.jp/english/articles/20240210/p2g/00m/0bu/008000c

Ideas:

Unfortunately, good or not so good, shareholders seems to have more say in Japan. In years and decades past, companies created 5 year plans and they didn't worry too much if they didn't meet their short-term goals.

But shareholders, these days, seem to have all the power and many upper level managers in a company, really don't have much say about planning or goals.

It logical, that the central and northeastern regions of Japan, which is getting older and or losing a lot of people who are moving to Tokyo, Nagoya, and the Osaka area, that there is less sales and less profits in those regions.

And again, it logical to focus on the major population areas as that is where most of the sales and profits will come from.

Most likely it not just Seven Eleven but many companies too, are experiencing the same situation with less sales and less profits.

Sometimes, companies can get too ambitious and expand too fast and or expand into areas where the population might be able to support the needed sales and profits of a company.

This seems to be happening in Japan a lot as other than Tokyo, Nagoya, the Osaka area, many areas of Japan are losing their population as they get older and or the younger generations want to move to Tokyo and Osaka. and out of the provinces, to improve their chances for better jobs in the future.

Of course the Japanese government is well aware that the provinces are losing their population and they are trying to manage the situation, but without much success.

But its a global problem as many rural areas, globally are losing populations to to the city areas.

Have a nice day and be safe!