ビスポークパートナー List of News Articles

In 2023, a major topic that shook the business world was the transfer of the department store subsidiary Sogo & Seibu by Seven & I Holdings (hereafter, 7&i HD) to an overseas investment fund. In response, the labor union of Sogo & Seibu conducted a historic strike for the first time in 61 years, shocking the industry. However, as 2024 approached, this series of events rapidly faded from public interest. What once sparked heated discussions eventually ceased to be a topic of everyday conversation, and opportunities for media coverage significantly decreased. Over time, this turmoil quietly but surely became a thing of the past. This time, I would like to explore the actual financial impact that the sale of "Sogo & Seibu" had on 7&i HD, based on the publicly disclosed materials from 7&i HD.

I have updated the April column. I summarized the outline of the excess earnings method (MPEEM), which is often used for the valuation of "customer relationships," a representative example of identifiable intangible assets. Even if the calculation itself is not feasible, I believe that just understanding the logic behind how it is calculated can make a significant difference, so I hope you find it helpful.

In this column update, I discussed the B/S reconciliation procedures (commonly known as B/S recon) that are employed by many foreign-affiliated companies to ensure the accuracy and transparency of financial reporting. It embodies the very concepts and methods of accounting audits, combining both efficiency and effectiveness, which certainly reflects the Anglo-Saxon approach.