When Ryuichi Isaka took over as chief executive of Seven & i in May and promised a revival plan in 100 days, he appeared to be in a sweet spot, having won the backing of US activist Daniel Loeb and survived a nasty boardroom spat.
But investor hopes that he could produce a quick turnround at the Japanese retail conglomerate behind the 7-Eleven convenience store chain have quickly deflated.
Mr Isaka is scheduled to announce restructuring plans on Thursday, but few analysts expect a big bounce.
Market expectations have turned realistic compared to a year ago. It seems unlikely Mr Isaka will be able to drastically accelerate the restructuring measures that have already been promised by the previous management, said Dairo Murata, a JP…
Read the full article at: https://www.ft.com/content/08e45f30-8aed-11e6-8aa5-f79f5696c731