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TSI Holdings Transfers Subsidiary Shares to Focus on Core Business

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TSI Holdings Transfers Subsidiary Shares to Focus on Core Business

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TSI Holdings Co ( (JP:3608) ) just unveiled an update.

TSI Holdings Co. has announced the transfer of shares and related real estate of its second-tier subsidiary, TSI Sewing Co., Ltd., to World Co., Ltd. This move is part of TSI’s strategic restructuring under its TIP27 plan, aimed at concentrating resources on its core apparel business and expanding its high-growth overseas operations. The transfer is expected to enhance TSI’s competitiveness and corporate value by streamlining its business portfolio.

More about TSI Holdings Co

TSI Holdings Co., Ltd. operates in the apparel industry, focusing on women’s apparel manufacturing. The company is listed on the Tokyo Stock Exchange Prime Market and is engaged in garment manufacturing for various brands within its group.

YTD Price Performance: 25.83%

Average Trading Volume: 1,216

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $596.2M

For a thorough assessment of 3608 stock, go to TipRanks’ Stock Analysis page.

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