Ryuichi Isaka
Profile
Performance in office
Tenure
Tenure
Background
He joined Seven-Eleven Japan in March 1980, became a Director in May 2002 and Managing Executive Officer in May 2006, and rose to Representative Director and President of that company in May 2009. From the same month he also sat on the holding company's board. A career employee devoted entirely to convenience stores, he belonged to the circle close to Toshifumi Suzuki.
Selection
In February 2016 Chairman Toshifumi Suzuki pressed Isaka, then President of Seven-Eleven Japan, to step down, and Isaka refused. The founding business, Ito-Yokado, had fallen to an operating loss in the FY ended February 2016, and Third Point was demanding a pruning of the business portfolio. Founder and Honorary Chairman Masatoshi Ito refused to approve the personnel proposal, and at the April 7 board meeting it was voted down 7 for, 6 against and 2 abstentions. Suzuki announced his resignation on the spot, and at the May general meeting Isaka succeeded Noritoshi Murata.
Initiatives
On August 3, 2020, the company announced it would acquire Speedway through its US subsidiary 7-Eleven, Inc. for $21 billion, about ¥2.2 trillion, completing the deal in May 2021 and adding it as a consolidated subsidiary. Goodwill from the acquisition came to about ¥1.3 trillion, a drag on profit of about ¥65.0 billion a year. In March 2023 the company received a shareholder proposal from ValueAct seeking the removal of four directors, and in September that year sold all shares of Sogo & Seibu. In October 2024 it set up the intermediate holding company York Holdings.
Career
Career
Sebun Irebun Japan
| Date | Position |
|---|---|
| Mar 1980 | Joined |
| May 2002 | Director |
| May 2006 | Managing Executive Officer |
| May 2009 | Representative Director, President |
Sebun → Ai Holdings
| Date | Position |
|---|---|
| May 2009 | Director |
| May 2016 | Representative Director, President |
| Apr 2023 | Chief Executive Officer |
| May 2025 | Stepped down as President |