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TSI Holdings Co
(OTC:3608)
TSI Holdings Co (3608) vs. iShares MSCI Japan ETF (EWJ)
TSI Holdings Co Business Overview & Revenue Model
TSI Holdings Co Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 156.61B | 155.38B | 154.46B | 140.38B | 134.08B |
| Gross Profit | 83.52B | 84.73B | 84.90B | 76.83B | 63.85B |
| EBITDA | 27.63B | 5.41B | 6.26B | 8.88B | -7.00B |
| Net Income | 15.23B | 4.85B | 3.06B | 1.02B | 3.86B |
Balance Sheet | |||||
| Total Assets | 141.16B | 133.46B | 135.43B | 140.44B | 154.95B |
| Cash, Cash Equivalents and Short-Term Investments | 46.33B | 27.47B | 32.20B | 40.23B | 49.87B |
| Total Debt | 1.66B | 9.96B | 9.77B | 16.18B | 25.20B |
| Total Liabilities | 32.92B | 36.04B | 36.55B | 42.70B | 57.52B |
| Stockholders Equity | 107.91B | 97.08B | 98.48B | 97.21B | 96.98B |
Cash Flow | |||||
| Free Cash Flow | 3.28B | -3.57B | -2.43B | -710.00M | -8.94B |
| Operating Cash Flow | 5.72B | -525.00M | 1.33B | 1.38B | -5.30B |
| Investing Cash Flow | 28.33B | 3.50B | -110.00M | -3.98B | 36.01B |
| Financing Cash Flow | -15.13B | -7.25B | -9.59B | -8.96B | -11.17B |
TSI Holdings Co Technical Analysis
TSI Holdings Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $78.50B | 4.76 | 16.23% | 5.69% | -1.54% | 446.34% | |
67 Neutral | ¥277.48B | 14.88 | 6.81% | 2.50% | 5.07% | -22.68% | |
| ― | $1.09B | 10.65 | 10.88% | 2.62% | ― | ― | |
| ― | €502.40M | 9.15 | 10.87% | ― | ― | ― | |
| ― | €803.88M | 13.73 | 12.99% | ― | ― | ― | |
69 Neutral | ¥32.25B | 12.06 | 3.31% | 7.46% | 1.54% | ||
| ― | ¥39.74B | 10.25 | 3.96% | ― | ― |
TSI Holdings Co Corporate Events
In July 2025, TSI Holdings Co. reported a year-on-year sales decline, with overall sales at 90.3% for all retail channels and 95.2% for existing retail channels. Despite strong performance in men’s summer products and new women’s fashion items, a decrease in customer traffic, including inbound tourists, contributed to the decline.
TSI Holdings Co. announced a correction to its previously disclosed acquisition and cancellation of treasury shares, highlighting a numerical error in the number of issued shares after cancellation. This correction adjusts the number of issued shares to 59,089,673, impacting the company’s financial statements and potentially affecting shareholder value.
TSI Holdings Co., Ltd. has completed the repurchase and cancellation of treasury shares as resolved in the Board of Directors meeting on July 23, 2025. The company repurchased a total of 10,667,000 shares, with the cancellation scheduled for January 30, 2026, which will result in a reduction of issued shares to 69,756,673. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
TSI Holdings Co., a company listed on the Tokyo Stock Exchange Prime Market, has repurchased 10,660,000 of its common shares, representing 15.28% of its total shares, for 11,992,500,000 yen through the ToSTNeT-3 system. This strategic move aims to enhance shareholder returns, improve capital efficiency, and maintain a flexible capital policy, especially in light of its largest shareholder’s intention to sell its holdings, which could impact the market.
TSI Holdings Co. has announced a strategic move to repurchase its treasury shares through the Tokyo Stock Exchange’s ToSTNeT-3 system. This acquisition, involving up to 10,660,000 common shares at a maximum cost of 12 billion yen, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The repurchase is contingent upon market conditions and the presence of corresponding sell orders, with the largest shareholder, Asset Value Investors Limited, indicating a willingness to sell its holdings.
TSI Holdings Co. has announced the termination of its previous treasury share repurchase program and the initiation of a new authorization to repurchase up to 11,000,000 common shares, representing 15.77% of outstanding shares, with a maximum repurchase amount of ¥12,000,000,000. This move, driven by the intent to enhance shareholder returns and improve capital efficiency, also includes the cancellation of all repurchased shares by January 30, 2026, reflecting a strategic response to market conditions and shareholder interests.
TSI Holdings Co., Ltd. has resolved to reintroduce a trust-type employee stock ownership plan to boost its medium- to long-term corporate value and improve employee welfare. This plan, which involves the Employee Stock Ownership Association, aims to support employee asset formation and provide performance-based incentives, with the company guaranteeing loans for stock purchases.
TSI Holdings Co. has announced a strategic move to repurchase and retire up to 4.5 million shares of its common stock, representing 6.45% of its outstanding shares, with a maximum budget of 6 billion yen. This decision, aimed at enhancing capital flexibility and supporting shareholder returns, is expected to impact the company’s market presence and shareholder value positively.
TSI Holdings Co., Ltd. has announced the acquisition of Daytona International Co., Ltd., making it a subsidiary to enhance its brand portfolio and strengthen its market position. This strategic move is expected to generate synergies through economies of scale and leverage Daytona’s OMO platform to acquire new customer segments and expand revenue opportunities, supporting TSI’s medium- to long-term growth strategy.
In June 2025, TSI Holdings Co. reported a year-on-year decline in sales across all retail channels, with physical stores and e-commerce experiencing drops to 87.3% and 91.4% respectively. The decrease is attributed to reduced demand from international visitors and postponed discount sales, compounded by one fewer day off compared to the previous year, impacting sales by approximately 2%.
TSI Holdings Co., Ltd. has issued a correction to its previously announced ‘Establishment of New Policies,’ specifically enhancing its Customer-Initiated Harassment Policy. The update includes a commitment to provide comprehensive training to ensure that its officers and employees do not engage in harassment, highlighting the company’s proactive stance in safeguarding its workforce and maintaining ethical business practices.
TSI Holdings Co., Ltd has announced the establishment of new policies on quality, procurement, and other key areas to enhance its operations and meet societal expectations. These policies aim to support sustainable growth, ensure compliance with international standards, and address environmental and human rights considerations, thereby strengthening the company’s market position and stakeholder trust.
TSI Holdings Co., Ltd. has revised its Environmental Policy to better align with international and governmental expectations in response to climate change challenges. The updated policy emphasizes achieving carbon neutrality by 2050, promoting the efficient use of resources, and fostering stakeholder engagement to minimize environmental impacts across its value chain.
TSI Holdings Co., Ltd. has introduced a new incentive plan involving restricted stock grants through its Employee Stock Ownership Plan. This initiative is designed to boost employee motivation, align their interests with shareholders, and enhance the company’s corporate value by tying stock grants to performance targets.
In May 2025, TSI Holdings Co. reported a year-on-year sales decrease in both all retail channels and existing retail channels, with figures at 92.6% and 97.0% respectively. The company noted that while efforts to attract new members through an integrated e-commerce site are ongoing, reduced customer touchpoints have impacted physical store visits. Additionally, an extra public holiday in May positively influenced existing retail channel sales by approximately 1.8 percentage points.
TSI Holdings reported a year-on-year decline in sales for April 2025, with total sales at 89.5% for all retail channels and 93.1% for existing retail channels. Despite promotional efforts, sales were impacted by unseasonably low temperatures affecting demand for early summer items and challenges in transitioning members to a new e-commerce platform, leading to underperformance, especially in women’s wear.