Seven & I Holdings' Market Share in Japan

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Seven & i Holdings’ Seven & i Holdings’ Market Position Market Share in Japan

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■ In the Top 5 for Total Store Sales at Convenience Stores (Nonconsolidated) FY2006 Share (Billions of yen) (%) Convenience stores total market 7,372.4 100.0

Ministop Other 3.5% 17.9% Seven-Eleven 1 Seven-Eleven Japan Co., Ltd. 2,498.7 33.9 Japan 33.9% 2 Lawson, Inc. 1,360.4 18.5 Circle K Sunkus 12.2% 3 FamilyMart Co., Ltd. 1,031.7 14.0 Lawson FamilyMart 18.5% 4 Circle K Sunkus Co., Ltd. 898.7 12.2 14.0% 5 Ministop Co., Ltd. 260.1 3.5 Top 5 Combined 6,049.9 82.1

■ In the Top 5 for Net Sales at Superstores (Nonconsolidated) FY2006 Share (Billions of yen) (%) Superstores total market 12,501.6 100.0 Aeon 14.3% 1 AEON Co., Ltd. 1,785.3 14.3 Ito-Yokado 11.7% Other 2 Ito-Yokado Co., Ltd. 1,470.5 11.7 54.0% Daiei 3 The Daiei, Inc. 1,126.8 9.0 9.0% Uny 4 UNY Co., Ltd. 688.7 5.5 5.5% Seiyu 5 The Seiyu, Ltd. 685.0 5.5 5.5% Top 5 Combined 5,756.5 46.0

■ In the Top 5 for Net Sales at Department Stores (Nonconsolidated) FY2006 Share (Billions of yen) (%) Department stores total market 8,758.9 100.0 Takashimaya 9.5% Mitsukoshi Seibu 8.9% 1 Takashimaya Company, Limited 832.9 9.5 5.4%

2 Mitsukoshi, Ltd. 779.6 8.9 Other Daimaru 65.4% 5.4% 3 THE SEIBU DEPARTMENT STORE, LTD. 476.1 5.4 4 The Daimaru, Inc. 469.6 5.4 Sogo 5.4% 5 Sogo Co., Ltd. 468.9 5.4 Top 5 Combined 3,027.3 34.6

Source: 1. Preliminary Report on the Current Survey of Commerce (Japan Ministry of Economy, Trade and Industry) 2. Public information from each company 34 Seven & i Holdings’ Major Convenience Major Superstore Data Major Department Major Major Restaurant Data Market Share in Japan Store Data Store Data Supermarket Data 35 o., Ltd., and SUNKUS & ASSOCIATES — — — — 18,834 25,699 18,834 — — — — — — — — 28.8 29.1 — — 28.8 — — 30.3 30.4 30.5 30.6 30.7 31.0 30.3 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 145,516 151,832 157,942 166,899 174,365 177,350 145,516 151,832 157,942 166,899 174,365

0 34 32 30 28 26 24 (%) 50,000 200,000 150,000 100,000 (Millions of yen) Operating Income Gross Margin Gross milyMart Co., Ltd. 24,708 25,070 27,034 27,266 28,646 29,780 24,708 25,070 27,034 27,266 28,646 Ltd. Co., milyMart amilyMart Co., Ltd. amilyMart Co., 28.4 28.5 28.3 28.5 28.4 28.8 Lawson, Inc. Inc. Lawson, F 30.3 30.3 30.3 30.7 30.8 31.2 Ltd. Seven-Eleven Japan Co., Ltd. K Sunkus Co., Circle Lawson, Inc. 43,804 Inc. 41,085 36,934 34,531 38,039 42,220 Lawson, Fa Ltd. Seven-Eleven Japan Co., Ltd. Co., K Sunkus Circle ■ ■ Major Convenience Store Data Store Convenience Major — — — — 700,094 898,741 — — — — 134,843 180,613 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 346,916 365,943 346,916 400,664 445,413 467,233 492,831 Market Position 2,046,640 2,114,013 2,213,298 2,343,177 2,440,853 2,498,754

Seven & i Holdings’ Seven & 0 0 500,000 400,000 300,000 200,000 100,000 otal Store Sales otal Store 500,000 (Millions of yen) 2,500,000 2,000,000 1,500,000 1,000,000 Revenues from Operations Revenues from T INC. The FY 2005 figures of Circle K Sunkus exclude those of the first half of C&S and SUNKUS & ASSOCIATES. (Millions of yen) milyMart Co., Ltd. milyMart Co., 143,328 152,520 156,299 162,506 173,370 184,065 milyMart Co., Ltd. Ltd. milyMart Co., 843,413 898,651 931,808 954,445 998,491 1,031,736 Lawson, Inc. Inc. Lawson, Fa 274,839 249,050 239,315 231,099 239,534 248,041 Circle K Sunkus Co., Ltd. Ltd. Co., K Sunkus Circle Ltd. Seven-Eleven Japan Co., Circle K Sunkus Co., Ltd. Ltd. K Sunkus Co., Circle Ltd. Seven-Eleven Japan Co., Lawson, Inc. Inc. Lawson, 1,282,369 1,291,030 1,285,018 1,329,077 1,360,495 1,275,358 Fa ■ ■ (Nonconsolidated) Source: Public information from each company Note: Circle K Sunkus Co., Ltd. was formed on September 1, 2004 through the three-way merger of CIRCLE K JAPAN Co., Ltd., C&S C Note: Circle K Sunkus Co., Ltd. was formed on September 1, 2004 through the three-way merger of CIRCLE K JAPAN Seven & i Holdings’ Market Position Major Superstore Data

(Nonconsolidated)

■ Net Sales ■ Ratio of Gross Profit to Net Sales

(Millions of yen) (%) 2,000,000 30

1,500,000 26

1,000,000

500,000 20 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 Ito-Yokado Co., Ltd. 1,459,737 1,491,067 1,506,131 1,474,808 1,455,358 1,470,523 Ito-Yokado Co., Ltd. 27.2 27.1 27.5 27.7 27.2 27.0 AEON Co., Ltd. 1,548,363 1,591,313 1,621,229 1,676,112 1,734,661 1,785,379 AEON Co., Ltd. 25.9 25.9 25.9 25.3 25.4 26.0 The Daiei, Inc. 1,915,795 1,665,572 1,498,848 1,375,838 1,254,893 1,126,833 The Daiei, Inc. 20.9 21.3 21.9 22.7 22.8 22.1 UNY Co., Ltd. 753,850 740,449 726,372 691,055 684,688 688,775 UNY Co., Ltd. 22.8 23.6 23.9 24.0 24.1 24.5 The Seiyu, Ltd. 797,129 745,534 746,128 612,062 692,356 685,035 The Seiyu, Ltd. 22.3 25.8 24.9 25.0 24.5 24.3

■ Revenues from Operations ■ Operating Income

(Millions of yen) (Millions of yen) 2,000,000 40,000

30,000

1,500,000 20,000

10,000

1,000,000

500,000 (10,000) FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 Ito-Yokado Co., Ltd. 1,479,825 1,510,945 1,527,688 1,493,962 1,473,583 1,493,605 Ito-Yokado Co., Ltd. 16,250 30,573 34,559 24,103 8,800 12,072 AEON Co., Ltd. 1,623,508 1,670,142 1,701,210 1,764,365 1,830,282 1,892,909 AEON Co., Ltd. 23,612 26,543 32,220 24,017 17,392 24,297 The Daiei, Inc. 1,980,568 1,731,222 1,557,563 1,430,256 1,308,149 1,175,468 The Daiei, Inc. 12,257 21,722 15,573 13,730 3,361 (6,190) UNY Co., Ltd. 781,097 770,598 756,430 720,214 713,826 719,542 UNY Co., Ltd. 4,601 13,437 16,817 12,853 9,533 9,561 The Seiyu, Ltd. 832,187 784,567 783,604 644,275 731,848 725,497 The Seiyu, Ltd. 13,258 13,311 7,930 6,652 5,997 (675)

Notes: 1.Ratios of gross profit to net sales of The Daiei, Inc. for FY 2001–2006, UNY Co., Ltd. for FY 2001, and The Seiyu Ltd. for FY 2001–2002 are calculated based on public information from each company. 2.Figures of for Seiyu’s FY 2004 performance are for the ten-month period of March–December 2003. Source: Public information from each company 36 Seven & i Holdings’ Major Convenience Major Superstore Data Major Department Major Major Restaurant Data Market Share in Japan Store Data Store Data Supermarket Data 37 blic information of the company. — — 9,720 21,122 19,518 19,933 — — 6,654 13,265 16,951 17,247 ,100 8,347 8,181 18,014 18,872 21,330 27.3 27.3 27.4 27.5 27.4 27.5 27.3 27.3 27.1 27.1 27.3 27.9 — — 23.7 24.1 24.0 24.3 24.0 — — 24.1 23.7 — — 25.0 25.3 25.3 24.9 25.3 — — 25.3 25.0 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 11,218 13,247 11,218 15,070 20,019 10,041 10,112

0 30 28 26 24 22 20

(%)

5,000 25,000 20,000 15,000 10,000 (Millions of yen) Operating Income Ratio of Gross Profit to Net Sales Profit Ratio of Gross kashimaya Company Limited akashimaya Company Limited Ltd. Sogo Co., LTD. STORES, THE SEIBU DEPARTMENT T Isetan Company Limited Mitsukoshi, Ltd. Ltd. Mitsukoshi, Inc. The Daimaru, 26.0 27.6 26.1 27.6 26.1 27.3 — 27.1 25.8 27.0 25.7 27.0 Ltd. Sogo Co., LTD. STORES, THE SEIBU DEPARTMENT Ta Isetan Company Limited Mitsukoshi, Ltd. Ltd. Mitsukoshi, Inc. The Daimaru, 13,101 11,931 9,540 12,124 11,416 12,347 17,846 13,309 14,828 16,463 14,303 18,334 ■ ■ Major Department Store Data Store Department Major — 472,968 476,144 — 607,007 522,918 — 474,731 — 458,571 452,667 449,049 — 443,845 468,994 — 454,164 448,211 — 482,938 — 613,132 529,956 480,182 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 991,149 984,853 952,824 922,899 831,006 832,917 991,149 984,853 952,824 922,899 420,600 440,599 434,524 438,431 434,405 445,920 420,600 440,599 434,524 438,431 434,405 420,600 440,599 434,524 438,431 434,405 444,263 420,600 440,599 434,524 438,431 Market Position 1,000,382 994,406 963,694 935,991 841,909 844,290 1,000,382 994,406 963,694 935,991 841,909

Seven & i Holdings’ Seven & 0 0

800,000 600,000 400,000 200,000 800,000 600,000 400,000 200,000 1,200,000 1,000,000 1,000,000 Revenues from Operations Revenues from Net Sales 2.FY 2004 figures for Mitsukoshi’s revenues from operations and operating income are shown for reference only. (Millions of yen) (Millions of yen) akashimaya Company Limited akashimaya Company Limited Mitsukoshi, Ltd. Ltd. Mitsukoshi, Inc. The Daimaru, 686,047 409,105 686,517 426,249 671,249 432,245 867,598 470,514 833,870 462,743 787,774 471,111 Isetan Company Limited Ltd. Sogo Co., LTD. STORES, THE SEIBU DEPARTMENT T Isetan Company Limited Ltd. Sogo Co., LTD. STORES, THE SEIBU DEPARTMENT T Mitsukoshi, Ltd. Mitsukoshi, Inc. The Daimaru, 680,014 406,477 680,258 423,912 665,800 430,195 469,057 — 461,166 827,463 469,642 779,612 ■ (Nonconsolidated) ■ Notes: 1.Ratios of gross profit to net sales of Mitsukoshi, Ltd. for FY 2001–2003, FY2005, and FY2006 are calculated based on pu Source: Public information from each company Seven & i Holdings’ Market Position Major Supermarket Data

(Nonconsolidated)

■ Net Sales ■ Ratio of Gross Profit to Net Sales

(Millions of yen) (%) 400,000 30

350,000 28

300,000

26 250,000

200,000 24

150,000

22 100,000

50,000 20 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 York-Benimaru Co., Ltd. 252,162 251,587 262,305 272,890 280,595 289,393 York-Benimaru Co., Ltd. 23.5 23.2 23.1 23.2 23.6 23.8 LIFE CORPORATION 384,230 372,617 366,929 366,601 376,893 388,062 LIFE CORPORATION 24.5 25.5 26.4 26.5 26.5 26.3 The Maruetsu, Inc. 309,478 308,888 320,390 326,157 316,647 301,620 The Maruetsu, Inc. 26.7 26.6 26.3 26.0 25.8 24.8 TOKYU STORE CHAIN CO., LTD. 203,081 204,121 205,186 199,890 250,356 245,994 TOKYU STORE CHAIN CO., LTD. 24.9 25.2 25.7 26.2 26.3 26.8 YAOKO CO., LTD. 90,380 98,744 111,982 126,223 140,293 148,919 YAOKO CO., LTD. 26.4 27.1 27.4 23.7 23.4 23.4

■ Revenues from Operations ■ Operating Income

(Millions of yen) (Millions of yen) 400,000 15,000

350,000 12,000

300,000 9,000

250,000

6,000 200,000

3,000 150,000

0 100,000

50,000 (3,000) FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 York-Benimaru Co., Ltd. 257,519 257,085 268,510 279,777 287,833 297,445 York-Benimaru Co., Ltd. 10,855 10,032 10,448 11,024 12,024 11,412 LIFE CORPORATION 393,842 382,050 376,341 376,138 386,732 398,319 LIFE CORPORATION 2,735 3,708 4,892 4,009 5,478 6,799 The Maruetsu, Inc. 314,131 314,184 326,202 332,060 322,668 307,660 The Maruetsu, Inc. 4,631 5,136 5,675 5,761 2,564 (1,553) TOKYU STORE CHAIN CO., LTD. 274,742 273,134 270,725 262,339 258,536 254,774 TOKYU STORE CHAIN CO., LTD. 3,595 3,008 4,663 5,010 4,621 4,560 YAOKO CO., LTD. 94,267 102,937 116,980 131,611 146,866 156,065 YAOKO CO., LTD. 3,640 4,025 4,816 5,553 5,806 6,019

Source: Public information from each company 38 Seven & i Holdings’ Major Convenience Major Superstore Data Major Department Major Major Restaurant Data Market Share in Japan Store Data Store Data Supermarket Data 39 ny. ril 20, 2006. 599 1,926 2,940 1,846 2,019 3,055 599 1,926 2,940 1,846 5,432 5,629 3,506 2,984 3,220 1,959 5,432 5,629 3,506 2,984 4,310 5,200 8,451 9,009 4,210 4,800 66.8 67.5 66.8 67.3 67.1 66.9 66.8 68.3 69.5 68.7 69.4 69.6 69.0 65.9 65.3 63.8 62.3 63.4 68.9 69.5 68.8 67.5 67.8 69.0 — FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 22,819 20,180 21,373 14,030 15,214 15,070 22,819 20,180 21,373 14,030

0 70 68 66 64 62 60 (%) 5,000 25,000 20,000 15,000 10,000 (Millions of yen) Operating Income Ratio of Gross Profit to Net Sales Profit Ratio of Gross Ltd. Japan Co., Denny’s Ltd. SKYLARK Co., LTD. CO., SAIZERIYA LTD. CO., COCO’S JAPAN Ltd. Japan Co., Denny’s Ltd. SKYLARK Co., LTD. CO., SAIZERIYA LTD. CO., COCO’S JAPAN ■ ■ Major Restaurant Data Restaurant Major 51,886 61,787 65,097 72,458 74,011 78,100 32,406 31,356 39,450 42,026 43,709 45,525 51,886 61,787 65,097 51,886 72,458 74,011 78,100 31,219 39,297 31,992 41,885 43,571 45,385 99,739 98,839 96,089 99,739 95,496 96,360 94,473 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 100,009 99,098 96,325 95,676 96,523 94,560 242,118 275,363 285,145 280,873 281,905 279,628 242,118 275,363 285,145 280,873 281,905 279,628

Market Position

Seven & i Holdings’ Seven &

0 0 50,000 50,000 300,000 250,000 200,000 150,000 100,000 300,000 250,000 200,000 150,000 100,000 (Millions of yen) (Millions of yen) Revenues from Operations Revenues from Net Sales 2.Revenues from operations for FY 2003–2006 of COCO’S JAPAN CO., LTD. are calculated based on public information from the compa SAIZERIYA CO., LTD. LTD. CO., SAIZERIYA LTD. CO., COCO’S JAPAN Ltd. Japan Co., Denny’s Ltd. SKYLARK Co., SAIZERIYA CO., LTD. LTD. CO., SAIZERIYA LTD. CO., COCO’S JAPAN Ltd. Japan Co., Denny’s Ltd. SKYLARK Co., ■ (Nonconsolidated) ■ Notes: 1.FY on Ap 2006 figures for Saizeriya’s net sales, revenues from operations, and operating income are forecasts announced Source: Public information from each company