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TSI Holdings Co (3608) AI Stock Analysis
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TSI Holdings Co
(TSE/TYO:3608)
The score is mainly constrained by weak and volatile cash generation despite improving revenue and a reasonably strong balance sheet. Technicals are mixed (longer-term support but softer near-term trend), while a reasonable P/E and ~3.25% dividend yield provide partial support.
TSI Holdings Co (3608) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 462.70M
- Dividend Yield
- 3.49%
- Average Volume (3M)
- 404.77K
- Price to Earnings (P/E)
- 18.4
- Beta (1Y)
- 0.39
- Revenue Growth
- 28.66%
- EPS Growth
- -75.08%
- Country
- Japan
- Employees
- 4,108
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Apparel - Manufacturers
TSI Holdings Co Business Overview & Revenue Model
Company Description
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 oper...
How the Company Makes Money
TSI Holdings makes money mainly by selling fashion products (apparel and related goods) under its owned/managed brands. Its revenue model is centered on: (1) Direct-to-consumer retail sales through company-operated physical stores, where it captures...
TSI Holdings Co Financial Statement Overview
Summary
Revenue momentum is improving and the balance sheet is relatively solid (sizeable equity base, generally manageable leverage), but fundamentals are held back by inconsistent profitability and, most importantly, volatile and recently negative operating and free cash flow, which raises earnings quality and funding-risk concerns.
Income Statement
62PositiveBalance Sheet
72PositiveCash Flow
38Negative| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 189.82B | 167.09B | 156.61B | 155.38B | 154.46B | 140.38B |
| Gross Profit | 100.23B | 89.96B | 80.36B | 81.13B | 81.08B | 72.45B |
| EBITDA | 11.36B | 9.71B | 5.33B | 5.41B | 6.26B | 8.88B |
| Net Income | 3.60B | 3.79B | 15.23B | 4.85B | 3.06B | 1.02B |
Balance Sheet | ||||||
| Total Assets | 177.61B | 174.20B | 141.16B | 133.46B | 135.43B | 140.44B |
| Cash, Cash Equivalents and Short-Term Investments | 32.01B | 28.48B | 46.33B | 27.47B | 32.20B | 40.23B |
| Total Debt | 52.06B | 44.81B | 1.66B | 9.96B | 9.77B | 16.18B |
| Total Liabilities | 85.94B | 74.88B | 32.92B | 36.04B | 36.55B | 42.70B |
| Stockholders Equity | 91.67B | 99.32B | 107.91B | 97.08B | 98.48B | 97.21B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -10.19B | 3.28B | -2.85B | -1.15B | 257.00M |
| Operating Cash Flow | 0 | -7.72B | 5.72B | -525.00M | 1.33B | 1.38B |
| Investing Cash Flow | 0 | -27.35B | 28.33B | 3.50B | -110.00M | -3.98B |
| Financing Cash Flow | 0 | 17.00B | -15.13B | -7.25B | -9.59B | -8.96B |
TSI Holdings Co Peers Comparison
Overall Rating
JP:268572Outperform
JP:801168Neutral
JP:998266Neutral
JP:300259Neutral- JP:360856Neutral
JP:359140Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:2685 | 72Outperform | JPY 141.17B | 15.22 | 11.39% | 2.88% | 2.97% | 9.44% |
| JP:8011 | 68Neutral | JPY 37.04B | 10.00 | ― | 8.18% | -3.87% | 24.45% |
| JP:9982 | 66Neutral | JPY 22.13B | 13.51 | ― | 1.87% | -0.31% | 8.51% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| JP:3002 | 59Neutral | JPY 121.80B | 28.27 | 4.18% | 3.58% | -4.36% | 49.85% |
| JP:3608 | 56Neutral | JPY 66.77B | 18.40 | 3.79% | 3.49% | 28.66% | -75.08% |
| JP:3591 | 40Underperform | JPY 188.20B | 162.25 | 0.49% | 2.77% | 1.78% | -93.82% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3608 | TSI Holdings Co | 1146.00 | 222.12 | 24.04% | |
| JP:3002 | Gunze | 4110.00 | 504.73 | 14.00% | |
| JP:3591 | WACOAL HOLDINGS CORP | 3615.00 | -1634.32 | -31.13% | |
| JP:2685 | Adastria Co.,Ltd. | 3120.00 | 586.61 | 23.16% | |
| JP:8011 | Sanyo Shokai Ltd. | 1215.00 | 186.25 | 18.10% | |
| JP:9982 | Takihyo Co., Ltd. | 2680.00 | 717.32 | 36.55% |
TSI Holdings Co Corporate Events
TSI Holdings July Sales Jump as Core Brands and Store Recovery Drive Growth
TSI Holdings reported strong sales momentum in July 2026, with all retail channels posting 151.1% year-on-year growth and existing retail channels up 105.5%, reflecting robust demand across its fashion store network and online operations. Physical st...
TSI Holdings Sets Agenda for FY2027 Q1 Results Briefing
TSI Holdings Co. has released materials for its FY2027 first quarter financial results briefing, covering the period from March 1 to May 31, 2026. The agenda indicates a focus on overall performance, existing sales channels, and brand-level results,...
TSI Holdings Delivers Strong Q1 Growth and Targets Earnings Surge for FY 2027
TSI Holdings reported a strong first quarter for the fiscal year ending February 2027, with net sales rising 30.0% year on year to ¥46.3 billion and operating income surging 65.8% to ¥2.5 billion. Ordinary income climbed 73.1% to ¥3.3...
TSI Holdings to Acquire Toyo Enterprise and Lei Lani Trading as Subsidiaries
TSI Holdings has executed a share transfer agreement to acquire Toyo Enterprise Co., Ltd. and Lei Lani Trading Co., Ltd., turning the long-established textile planner, manufacturer, and trader, along with its textile import-distribution affiliate, in...
TSI Holdings’ June Sales Boost Mask Pressure on Core Retail Channels
TSI Holdings reported June 2026 all retail channel sales at 137.7% year-on-year, driven by strong e-commerce growth of 214.2%, while existing retail channels declined to 98.9%. The figures highlight a widening performance gap between newly consolidat...
TSI Holdings Posts Robust May Sales on Strong Summer Demand and Brand Recovery
TSI Holdings reported strong May 2026 sales, with all retail channels rising 41.0% year on year and existing retail channels up 5.5%, indicating broad-based growth across its store network. Physical stores outperformed, supported by robust demand for...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 06, 2026