Seven & i

Based in Tokyo, Seven & i is widely regarded as one of Japan's flagship retail operators. Its scale — about 83k people, around $82B in turnover — translates into genuine strategic weight across Asia Pacific.

The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.

“Seven & i is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.