Japanese convenience store operator Seven-Eleven Japan has said it is on track to achieve its operating profit target of ¥86.9bn (US$740.2m) for the six months to August.

“We are on track to achieve the half-year target announced in April,” a spokesman at Seven Eleven was quoted by Reuters as saying. He added that the company might therefore increase its dividend payment.

The target would represent a rise in operating profit of 5% compared with the year-ago period, with cost cuts offsetting the negative impact of the cool summer weather.