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7-Eleven parent overcomes hack to secure record earnings

Convenience store operator trims advertisements to absorb labor costs

7-Eleven's 7Pay mobile payment platform was hacked immediately after launch in July, forcing the company to shut down the program a month after launch. (Photo by Satoshi Omote)

TOKYO -- Seven & i Holdings, the Japanese parent of the 7-Eleven convenience store chain, looks to have secured record operating profit for the six months ending August, Nikkei has learned.

The 1% growth in operating profit to about 200 billion yen ($1.8 billion) comes as a relief to the company and its investors, after the disastrous debut of its 7Pay mobile payment platform in July, which was quickly hacked and forced the group to discontinue the service a month after its launch.

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