seven  i holdings shares fell sharply friday morning after its firstquarter net profit dropped 35 due to weakness in its overseas conveniencestore business missing analysts expectations the companys shares were recently 61 lower at 5788 yen after falling as much as 64 earlier the japanese operator of 7eleven and other retail stores said thursday after market close that net profit fell to y4218 billion 3055 million for the quarter ended may 31 from y6504 billion a year earlier that undershot the estimate of y6108 billion from a poll of analysts by factset operating profit for its overseas conveniencestore business dropped 52 to y2098 billion as retail gas prices fell and its profit margin for gas sales narrowed seven  i said the gas sales profit margin has improved since april the company kept its revenue and net profit projections unchanged for the fiscal year ending february 2024 it continues to expect revenue to fall 56 to y11154 trillion and net profit to rise 14 to y28500 billion