Seven & i Holdings, the operator of 7-Eleven stores in Japan, is moving away from a “go-it-alone” strategy and toward an arrangement involving SoftBank Corp. and PayPay Corp., according to reports. The company is considering selling a stake to the two firms, which would mean giving up some control in exchange for potential strategic and financial benefits from partnering with major technology and payments players.

The Japan Times reports that Seven & i is mulling a new share issuance that totals several hundred billion yen, with SoftBank and PayPay among the potential participants. The Financial Post frames the development as a shift in corporate posture, indicating the company is open to aligning with key strategic partners rather than acting independently.

Both accounts describe a plan under discussion rather than a completed transaction, and they do not detail final terms such as pricing, timing, or the exact ownership percentage that SoftBank and PayPay would take. Further announcements would be expected if the company proceeds with the proposed issuance and stake sale.