Komori
Earnings3608TSI HOLDINGS CO.,LTD.Materials and Chemicals

Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP, Consolidated)

For the fiscal year ended February 2026, net sales increased 6.7% and operating profit increased 164.4%, while net income attributable to owners of the parent declined 75.1% due to the反動 from the significant gain on the sale of property, plant and equipment recorded in the previous fiscal year. For the fiscal year ending February 2027, the company forecasts higher sales and profits, driven by the full-year contribution from the acquired company, and expects to increase its annual dividend to ¥70.

Worth reading
61In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
164.4
%
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales167,085¥ millionYear on year +6.7%Progress 83.5%
Operating profit4,325¥ millionYear on year +164.4%Progress 57.7%
Ordinary income5,440¥ millionYear on year +162.0%Progress 75.6%
Net income attributable to owners of the parent3,793¥ millionYear on year -75.1%Progress 49.3%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥60.48
Operating Margin2.6%
Financial position at period-end
Total assets174,204¥ million
of which net assets 99,321 ¥ millionEquity ratio 57.0%vs. prior year-end -19.4pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-7,717
Investment-27,353
Financials+16,995
Net change-18,075

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥27,955 million
Segment revenueApparel-related business ¥162,212 million (YoY +7.6%), Other Businesses ¥5,602 million (YoY -16.1%)
Segment profitApparel-related business ¥6,948 million, Other Businesses ¥283 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥200,000 million (YoY +19.7%)
Operating profit¥7,500 million (YoY +73.4%)
Ordinary income¥7,200 million (YoY +32.3%)
Net income¥7,700 million (YoY +103.0%)
Annual Dividend Forecast¥65 → ¥70(7.7%)
Payout ratio66.1%
Factors Behind Changes in Business Performance

Strong performance from menswear brands, the contribution from Daytona International from the second half of the fiscal year, lower sales from businesses exited or sold, difficulties acquiring new customers for mix.tokyo, a lower procurement cost ratio resulting from earnings-structure reforms, completion of the clean-up of prior-year inventory, and control of selling, general and administrative expenses

Disclosure regarding the going concern assumption

No applicable matters (There are no applicable matters.)

Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 2 / Company name (株)デイトナ・インターナショナル, (株)ウォーターフロント / Excluded Number of companies 7 / Company name (株)TSIソーイング, Efuego Corp., (株)トスカバノック, Van Nang Banok Co., Ltd., AVIREX SHANGHAI TRADING CO.,LTD., 東京スタイル香港有限公司, (株)東京スタイル
Material subsequent eventsNo applicable matters.
Impairment loss¥1,878 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥4 million, Gain on sale of investment securities ¥3,364 million, Other ¥101 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥25 million, Impairment Losses ¥1,878 million, Loss on sale of investment securities ¥1 million, Impairment loss on investment securities ¥37 million, Loss on sale of shares of subsidiaries and affiliates ¥365 million, Other ¥481 million
Depreciation and amortization¥3,883 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End63,438,793 Shares
Treasury Shares at Period-End5,178,696 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales¥167,085 million (YoY +6.7%)
Operating profit¥4,325 million (YoY +164.4%)
Ordinary income¥5,440 million (YoY +162.0%)
Profit attributable to owners of the parent¥3,793 million (YoY -75.1%)
Net income per share¥60.48
Operating Margin2.6%
Equity ratioEnd of the current fiscal period 57 / End of previous period 76.4
Total assets¥174,204 million
Net assets¥99,321 million
Cash flows from operating activities¥-7,717 million
Cash flows from investing activities¥-27,353 million
Cash flows from financing activities¥16,995 million
Cash and cash equivalents at end of period¥27,955 million
Full-year earnings forecastNet Sales ¥200,000 million (YoY +19.7%) / Operating profit ¥7,500 million (YoY +73.4%) / Ordinary income ¥7,200 million (YoY +32.3%) / Net income ¥7,700 million (YoY +103.0%)
Annual Dividend Forecast¥65 → ¥70(7.7%)
Payout ratio66.1%
Segment revenueApparel-related business ¥162,212 million (YoY +7.6%), Other Businesses ¥5,602 million (YoY -16.1%)
Segment profitApparel-related business ¥6,948 million, Other Businesses ¥283 million
Depreciation and amortization¥3,883 million
Impairment loss¥1,878 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥4 million, Gain on sale of investment securities ¥3,364 million, Other ¥101 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥25 million, Impairment Losses ¥1,878 million, Loss on sale of investment securities ¥1 million, Impairment loss on investment securities ¥37 million, Loss on sale of shares of subsidiaries and affiliates ¥365 million, Other ¥481 million
Disclosure regarding the going concern assumptionNo applicable matters (There are no applicable matters.)
Change in accounting policyChanges due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 2 / Company name (株)デイトナ・インターナショナル, (株)ウォーターフロント / Excluded Number of companies 7 / Company name (株)TSIソーイング, Efuego Corp., (株)トスカバノック, Van Nang Banok Co., Ltd., AVIREX SHANGHAI TRADING CO.,LTD., 東京スタイル香港有限公司, (株)東京スタイル
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End63,438,793 Shares
Treasury Shares at Period-End5,178,696 Shares
Factors Behind Changes in Business PerformanceStrong performance from menswear brands, the contribution from Daytona International from the second half of the fiscal year, lower sales from businesses exited or sold, difficulties acquiring new customers for mix.tokyo, a lower procurement cost ratio resulting from earnings-structure reforms, completion of the clean-up of prior-year inventory, and control of selling, general and administrative expenses
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Net sales were lifted by strong performance from menswear brands, particularly “AVIREX” and “Schott,” and the contribution from Daytona International from the second half of the fiscal year, but were held back by lower sales from businesses exited or sold and difficulties in acquiring new customers for the company’s own e-commerce site, “mix.tokyo.” On the earnings front, contributions came from a lower procurement cost ratio resulting from earnings-structure reforms, inventory reductions following the completion of the clean-up of prior-year inventory, and control of selling, general and administrative expenses.

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Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP, Consolidated) | TSI HOLDINGS CO.,LTD. (3608) timely disclosure | Komori