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TSI Holdings Co.,Ltd. logo

TSI Holdings Co.,Ltd.

3608.T

JPXConsumer CyclicalApparel - Manufacturers

Open in GoAI

Latest quote

¥1,269

−¥1.00 · -0.08%

Aug 24, 1:22 PM JST

3608.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

TSI Holdings Co.,Ltd. is a Japan-based international company specializing in the planning, manufacturing, distribution, and import of clothing, featuring both men's and women's apparel. Beyond its core fashion activities, the company extends its operations to include the trade (import, export, wholesale, and retail) of various goods such as cosmetics, perfumes, soaps, and quasi-drugs. Its diverse portfolio also encompasses a food service division, the development and sale of synthetic resin-related products, and a range of services including production and logistics management, employment placement, and temporary staffing. Founded in 1949 and headquartered in Tokyo, Japan, TSI Holdings supplies its products primarily to specialty and department stores.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
JP
CEO
Tsuyoshi Shimoji
Listed since
Jun 1, 2011
Employees
4,108

Market position

Day range

Current ¥1,269

52-week range

Current ¥1,269

Open
¥1,277
Previous close
¥1,270
Volume
154.8K
0.45× average
Average volume
341.69K
Average daily volume
Market cap
71.29B JPY
Beta
0.26
Market reference 1
50-day average
¥1,207.06
+5.13% above average
200-day average
¥1,138.54
+11.46% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
88.53B JPY
P/E (TTM)
18.5×
P/B (TTM)
0.78×
P/S (TTM)
0.4×
EV / EBITDA
9.12×
Earnings yield
5.25%
Free cash flow yield
-14.11%
Dividend yield
3.15%

Profitability & efficiency

Gross margin
53.50%
Operating margin
3.00%
Net margin
2.21%
Return on equity
3.82%
Return on assets
2.18%
Return on invested capital
1.61%

Financial health

Debt / equity
0.52×
Current ratio
2.26×
Altman Z-score
2.61
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%38%17%-5%Gross margin, FY2021: 51.61%Gross margin, FY2022: 52.49%Gross margin, FY2023: 52.21%Gross margin, FY2024: 51.32%Gross margin, FY2025: 53.84%Operating margin, FY2021: 3.16%Operating margin, FY2022: 1.51%Operating margin, FY2023: 1.13%Operating margin, FY2024: 1.05%Operating margin, FY2025: 2.59%Net margin, FY2021: 0.73%Net margin, FY2022: 1.98%Net margin, FY2023: 3.12%Net margin, FY2024: 9.73%Net margin, FY2025: 2.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.61%. Gross margin FY2022 52.49%. Gross margin FY2023 52.21%. Gross margin FY2024 51.32%. Gross margin FY2025 53.84%. Operating margin FY2021 3.16%. Operating margin FY2022 1.51%. Operating margin FY2023 1.13%. Operating margin FY2024 1.05%. Operating margin FY2025 2.59%. Net margin FY2021 0.73%. Net margin FY2022 1.98%. Net margin FY2023 3.12%. Net margin FY2024 9.73%. Net margin FY2025 2.27%.

Income trends

Revenue

167.09B JPY+6.69%

Operating income

4.33B JPY+164.26%

Net income

3.79B JPY-75.10%
Income trends across reported periods183.69B JPY117.27B JPY50.84B JPY−15.59B JPYRevenue, FY2021: 140.38B JPYRevenue, FY2022: 154.46B JPYRevenue, FY2023: 155.38B JPYRevenue, FY2024: 156.61B JPYRevenue, FY2025: 167.09B JPYOperating income, FY2021: 4.44B JPYOperating income, FY2022: 2.33B JPYOperating income, FY2023: 1.76B JPYOperating income, FY2024: 1.64B JPYOperating income, FY2025: 4.33B JPYNet income, FY2021: 1.02B JPYNet income, FY2022: 3.06B JPYNet income, FY2023: 4.85B JPYNet income, FY2024: 15.23B JPYNet income, FY2025: 3.79B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 140.38B JPY. Revenue FY2022 154.46B JPY. Revenue FY2023 155.38B JPY. Revenue FY2024 156.61B JPY. Revenue FY2025 167.09B JPY. Operating income FY2021 4.44B JPY. Operating income FY2022 2.33B JPY. Operating income FY2023 1.76B JPY. Operating income FY2024 1.64B JPY. Operating income FY2025 4.33B JPY. Net income FY2021 1.02B JPY. Net income FY2022 3.06B JPY. Net income FY2023 4.85B JPY. Net income FY2024 15.23B JPY. Net income FY2025 3.79B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue167.09B JPY156.61B JPY155.38B JPY154.46B JPY140.38B JPY
Cost of goods sold77.13B JPY76.24B JPY74.25B JPY73.38B JPY67.93B JPY
Gross profit89.96B JPY80.36B JPY81.13B JPY81.08B JPY72.45B JPY
Selling, general, and administrative85.63B JPY78.73B JPY79.39B JPY78.75B JPY68.02B JPY
Operating expenses85.63B JPY78.73B JPY79.37B JPY78.75B JPY68.01B JPY
Interest income87M JPY68M JPY61M JPY28M JPY30M JPY
Interest expense257M JPY77M JPY51M JPY71M JPY109M JPY
Depreciation and amortization5.38B JPY3.69B JPY3.65B JPY3.93B JPY4.44B JPY
Operating income4.33B JPY1.64B JPY1.76B JPY2.33B JPY4.44B JPY
Net income3.79B JPY15.23B JPY4.85B JPY3.06B JPY1.02B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
36.65

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates233.38143.2953.21-36.88Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 11, 2024: actual -18.24, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 10, 2025: actual 13.26, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 214.74, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 10, 2025: actual 28.44, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual -11.21, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 31.6, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 10, 2026: actual 9.31, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 14, 2026: actual 36.65, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates53.8B45.37B36.93B28.49BQ1 '25MissQ2 '25MissQ3 '25BeatQ3 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual 40.82B JPY, estimate 42.2B JPY, surprise -3.27%, Miss. Q2 2025, reported Apr 11, 2025: actual 40.56B JPY, estimate 41.25B JPY, surprise -1.68%, Miss. Q3 2025, reported Jul 10, 2025: actual 35.61B JPY, estimate 33.5B JPY, surprise +6.28%, Beat. Q3 2025, reported Aug 31, 2025: actual 30.56B JPY, estimate 33.5B JPY, surprise -8.77%, Miss. Q1 2026, reported Jan 14, 2026: actual 50.44B JPY, estimate 51.73B JPY, surprise -2.49%, Miss. Q2 2026, reported Apr 10, 2026: actual 50.47B JPY, estimate 51.59B JPY, surprise -2.16%, Miss. Q3 2026, reported Jul 14, 2026: actual 46.28B JPY, estimate 48.5B JPY, surprise -4.58%, Miss. Q4 2026, reported Oct 9, 2026: actual —, estimate 43.95B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥65.00

2025 complete year+271.4% since 2020

2026 partial: ¥40.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Feb 25, 2027

¥70.00

Annual

Record Feb 28, 2027 · Payment Feb 25, 2027

Dividend

Ex-dividend Feb 26, 2026

¥40.00

Annual

Record Feb 28, 2026 · Payment May 7, 2026

Dividend

Ex-dividend Feb 27, 2025

¥65.00

Special

Record Feb 28, 2025 · Payment May 7, 2025

Dividend

Ex-dividend Feb 28, 2024

¥15.00

Annual

Record Feb 29, 2024 · Payment May 7, 2024

Dividend

Ex-dividend Feb 27, 2023

¥10.00

Annual

Record Feb 28, 2023 · Payment May 8, 2023

Dividend

Ex-dividend Feb 25, 2022

¥5.00

Annual

Record Feb 28, 2022 · Payment May 9, 2022

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ETFs holding 3608.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
168.78M
Weight
0.01%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.3+0.07%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
5.13M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
3.43M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.35M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares International Small-Cap Equity Factor ETF logoiShares International Small-Cap Equity Factor ETFISCF
Market value
1.04M
Weight
0.15%
AUM
684.58M USD
Expense ratio
0.24%
Price / 1D
$46.03+0.81%
Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
704.99K
Weight
0.01%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.25+0.61%
State Street SPDR S&P International Small Cap ETF logoState Street SPDR S&P International Small Cap ETFGWX
Market value
635.44K
Weight
0.07%
AUM
927.26M USD
Expense ratio
0.40%
Price / 1D
$46.205+0.40%
Schwab Fundamental International Small Company Index ETF logoSchwab Fundamental International Small Company Index ETFFNDC
Market value
607.6K
Weight
0.02%
AUM
3.16B USD
Expense ratio
0.39%
Price / 1D
$50.98+0.33%

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