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An announcement from TSI Holdings Co ( (JP:3608) ) is now available.
TSI Holdings reported third-quarter consolidated net sales of ¥116.6 billion, up 0.5% year on year, while operating income jumped 70.0% to ¥3.7 billion and ordinary income doubled to ¥5.0 billion; profit attributable to owners of parent surged to ¥3.3 billion from ¥159 million a year earlier, driving earnings per share up to ¥51.17. Despite a decline in net assets and shareholders’ equity ratio due in part to changes in the scope of consolidation and increased treasury stock, the company maintained its full-year forecast, projecting ¥169.0 billion in net sales and a sharp recovery in profitability, while also restructuring its group portfolio by adding Daytona International Co., Ltd. as a consolidated subsidiary and removing six other subsidiaries, signaling continued efforts to streamline operations and improve capital efficiency, including through share buybacks reflected in reduced shares outstanding and higher treasury stock.
The most recent analyst rating on (JP:3608) stock is a Buy with a Yen1070.00 price target. To see the full list of analyst forecasts on TSI Holdings Co stock, see the JP:3608 Stock Forecast page.
More about TSI Holdings Co
TSI Holdings Co., Ltd. is a Japan-based apparel group listed on the Tokyo Stock Exchange, operating multiple fashion brands and related businesses. The company focuses on consolidated management of its fashion, lifestyle and retail operations, targeting both domestic and overseas markets through a portfolio of subsidiaries and brand holdings.
Average Trading Volume: 287,459
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen64B
Learn more about 3608 stock on TipRanks’ Stock Analysis page.