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T

TSI Holdings Co 3608.T · JPY

Consumer Discretionary · Tokyo Stock Exchange · 🇯🇵 Japan

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1,191

+2.32%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥167.09bn

FY2017FY2026

Net income

¥3.79bn

FY2017FY2026

Free cash flow

−¥10.19bn

FY2017FY2026

Shareholders' equity

¥99.32bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥167.09bn¥156.61bn¥155.38bn¥154.46bn¥140.38bn¥134.08bn¥170.07bn¥165.01bn¥155.46bn¥159.14bn
Gross profit¥89.96bn¥80.36bn¥81.13bn¥81.08bn¥72.45bn¥59.31bn¥83.94bn¥82.22bn¥79.75bn¥80.25bn
Operating income¥4.33bn¥1.64bn¥1.76bn¥2.33bn¥4.44bn−¥11.84bn¥69.0m¥2.29bn¥2.24bn¥2.43bn
Net income¥3.79bn¥15.23bn¥4.85bn¥3.06bn¥1.02bn¥3.86bn¥2.18bn−¥185.0m¥3.22bn¥3.68bn
Diluted earnings per share67.47261.4968.4340.6111.9642.7224.19-1.9934.0436.97

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥174.20bn¥141.16bn¥133.46bn¥135.43bn¥140.44bn¥154.95bn¥160.33bn¥182.58bn¥170.92bn¥156.20bn
Cash and short-term investments¥28.48bn¥46.33bn¥27.47bn¥32.20bn¥40.23bn¥49.87bn¥31.46bn¥35.75bn¥28.25bn¥26.83bn
Total liabilities¥74.88bn¥32.92bn¥36.04bn¥36.55bn¥42.70bn¥57.52bn¥64.87bn¥78.63bn¥60.73bn¥42.55bn
Debt¥44.81bn¥1.66bn¥9.96bn¥9.77bn¥16.18bn¥25.20bn¥33.57bn¥43.48bn¥25.67bn¥10.40bn
Shareholders' equity¥99.32bn¥107.91bn¥97.08bn¥98.48bn¥97.21bn¥96.98bn¥94.95bn¥100.34bn¥109.64bn¥113.31bn
Shares outstanding56m58m71m75m85m90m90m93m95m99m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations−¥7.72bn¥5.72bn−¥525.0m¥1.33bn¥1.38bn−¥5.30bn¥4.70bn¥6.31bn¥6.00bn¥3.76bn
Capital spending−¥2.47bn−¥2.43bn−¥2.32bn−¥3.75bn−¥1.12bn−¥3.64bn−¥4.74bn−¥4.20bn−¥4.18bn−¥3.48bn
Free cash flow−¥10.19bn¥3.28bn−¥2.85bn−¥2.43bn¥257.0m−¥8.94bn−¥36.0m¥2.11bn¥1.82bn¥273.0m
Dividends paid−¥4.56bn−¥1.14bn−¥851.0m−¥457.0m−¥457.0m−¥1.64bn−¥1.67bn−¥1.76bn−¥1.87bn−¥1.96bn

Latest quarters

By quarter end

Aug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue¥42.63bn¥46.28bn¥50.47bn¥50.44bn¥30.56bn¥35.60bn¥40.55bn¥40.82bn
Gross profit¥21.38bn¥25.50bn¥25.57bn¥27.78bn¥16.24bn¥20.36bn¥20.38bn¥22.82bn
Operating income−¥1.52bn¥2.51bn¥623.0m¥3.06bn−¥874.0m¥1.51bn−¥542.0m¥2.40bn
Net income−¥985.0m¥2.10bn¥509.0m¥1.97bn−¥654.0m¥1.97bn¥15.07bn¥950.0m
Diluted earnings per share-17.5237.399.0533.86-11.2333.75258.7813.41
Total assets¥177.61bn¥168.89bn¥174.20bn¥174.10bn¥122.70bn¥129.02bn¥141.16bn¥133.37bn
Cash and short-term investments¥32.01bn¥26.44bn¥28.48bn¥24.72bn¥28.90bn¥32.02bn¥46.33bn¥22.01bn
Debt¥23.16bn¥17.93bn¥44.81bn¥44.27bn¥8.65bn¥1.25bn¥1.25bn¥11.34bn
Shareholders' equity¥91.67bn¥92.75bn¥99.32bn¥96.22bn¥92.49bn¥105.05bn¥107.91bn¥93.06bn

Financial ratios

Data as of 17 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin53.8%51.3%52.2%52.5%51.6%44.2%
Operating margin2.6%1.1%1.1%1.5%3.2%-8.8%
Net margin2.3%9.7%3.1%2.0%0.7%2.9%
Return on equity3.8%14.1%5.0%3.1%1.1%4.0%
Return on assets2.2%10.8%3.6%2.3%0.7%2.5%
Free cash flow yield-7.3%11.2%2.0%5.4%2.3%-1.5%
Revenue growth6.7%0.8%0.6%10.0%4.7%-21.2%
Earnings growth-75.1%214.1%58.3%200.0%-73.5%77.0%
Current ratio2.26x3.21x2.50x2.74x2.66x2.30x
Debt to equity0.45x0.02x0.10x0.10x0.17x0.26x
Equity ratio57.0%76.4%72.7%72.7%69.2%62.6%
Interest coverage16.83x21.38x34.53x32.80x40.74x-54.83x
Buybacks as a share of market value1.5%17.8%6.0%11.7%5.5%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.7%4.5%-0.0%
Operating income22.9%—14.9%
Net income7.4%-0.3%10.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin52.6%52.5%51.1%50.6%
Operating margin1.8%1.6%0.3%0.6%
Net margin5.9%4.3%3.5%2.4%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings18.34.015.418.137.17.98.5-278.820.922.4
Price to sales0.40.40.50.40.30.20.10.30.40.5

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 26 Feb 2026.

FY2026FY2025FY2024FY2023FY2021FY2020FY2019FY2018
Paid in the year59.0015.0010.005.0017.5017.5017.5017.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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