Group 1 - The acquisition plan led by the Ito family for Seven & i Holdings failed due to financing issues, causing a significant drop in the company's stock price by 11.7%, marking its largest single-day decline in over a decade [2][3] - Alimentation Couche-Tard (ACT) has re-emerged as a potential acquirer with a $47 billion offer after its previous $38.5 billion bid was rejected, positioning itself as the strongest contender following the Ito family's exit [3][4] - If the acquisition by ACT is successful, it would become one of the largest acquisitions in Japanese history, significantly impacting the convenience store market [3][4] Group 2 - Seven & i's recent performance shows a revenue increase of 8.8% year-on-year, reaching 60,355 million yen, but operating profit has declined by 22.4% to 1,870 million yen, indicating underlying issues in its core business [10] - The market share of 7-11 in the U.S. convenience store sector is 14.5%, while ACT holds 4.6%, highlighting the competitive landscape in North America [3] - The decline in customer traffic in Japan's convenience store sector has been evident, with a 10.4% drop in 2020, and only slight recoveries in subsequent years, indicating a challenging market environment [10][12] Group 3 - The Japanese convenience store market is experiencing a decline in store numbers for the first time since 2005, with a total of 55,620 stores as of March 2024, reflecting a 0.2% decrease year-on-year [16][17] - Factors contributing to this decline include demographic changes, such as low birth rates and a shrinking population, which directly affect consumer demand [18] - The traditional growth model of convenience stores, based on extensive network expansion, is reaching its limits, prompting companies to seek new growth opportunities, particularly in international markets [19][20]