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Tsi Holdings (3608) · InitiativeAdvancedLatest Presentation materials on financial results (2026-10-15): "Cited as achieved"

Expanding the Brand Portfolio and Developing New Businesses through M&A

First written in FY2017-Q1. 21 of 32 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-10-15.

32entries
11years
9from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2018AdvancedFY2020 – FY2021-Q2ReframedFY2022 – FY20242016: 220162017: 220172018: 420182019: 320192020: 320202021: 020212022: 120222023: 020232024: 320242025: 220252026: 122026
Same theme, other companies
Expanding brands and new businesses through M&AA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

1 other company's latest entry also says "Cited as achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1AdvancedAnnual report

    「Following the acquisition of shares in 東洋エンタープライズ株式会社 and 株式会社レイラニトレーディング, we have included both companies and ネットワーク有限会社, a subsidiary of 東洋エンタープライズ株式会社, in the scope of consolidation.」

    The acquisition of shares in 東洋エンタープライズ and レイラニトレーディング was completed, and both companies and ネットワーク were made consolidated subsidiaries. The business combination date was 3 August 2026, the acquisition cost was ¥7,909 million, and the percentage of voting rights acquired was 100%.
  2. FY2026AdvancedAnnual report

    「The company expects synergies in multiple areas, including the development of exclusive lines unavailable from other companies by combining 東洋エンタープライズ’s craftsman-like strength in “ultimate reproduction and cultural heritage” with the company’s strength in its “diverse brand portfolio”; expanding its customer base by leveraging “mix.tokyo”; and jointly promoting “Japanese quality” in global markets.」

    As a subsequent event after the filing date, the company entered into a memorandum of basic agreement aimed at making 東洋エンタープライズ and レイラニトレーディング subsidiaries, and indicated acquisition synergies including exclusive lines, mix.tokyo, new customers and global promotion.
  3. FY2026AdvancedAnnual report

    「The company will work to create synergies with ㈱デイトナ・インターナショナル and ㈱ウォーターフロント, which became subsidiaries during the fiscal year.」

    In addition to デイトナ・インターナショナル, ウォーターフロント was also made a wholly owned subsidiary, and complementarity between the brand and business portfolios and the creation of group synergies were identified as targets for growth investment.
  4. FY2026-H1AdvancedAnnual report

    「At a Board of Directors meeting held on 14 July 2025, the company resolved to acquire all shares of 株式会社デイトナ・インターナショナル and make it a subsidiary. Accordingly, it entered into a share transfer agreement on the same date and acquired the shares effective 2 September 2025.」

    As concrete progress in the brand portfolio strategy, the company acquired all shares of デイトナ・インターナショナル effective 2 September 2025 and made it a subsidiary. Compatibility with the street, casual and outdoor sectors, acquisition of new customers, and complementarity with the business portfolio were cited as the reasons.
  5. FY2025AdvancedAnnual report

    「At the same time, the company completed exits from brands that did not meet these criteria, for the most part by the end of February this year, and put in place preparations to concentrate management resources on brands with strong growth and profitability.」

    Based on its reassessment of the brand portfolio, the company completed exits from brands that did not meet the criteria, for the most part by the end of February 2025, and prepared to concentrate investment on strengthened brands.
  6. FY2025-H1RestatedAnnual report

    「The company will invest in its growth strategy by concentrating investment on strengthened brands with high growth potential and profitability following a review of the brand portfolio; entering market segments expected to grow; expanding existing brands and developing businesses through M&A; strengthening CRM to improve cross-brand customer referrals and the ability to make proposals to customers through the integration of stores and e-commerce; and other measures.」

    The company reaffirmed brand portfolio selection and concentrated investment, entry into new markets, and business development and existing-brand expansion through M&A as growth strategies. The consolidation of READY TO FASHION as a wholly owned subsidiary was also described as a change in the scope of consolidation.
  7. FY2025-Q1AdvancedAnnual report

    「The company will invest in its growth strategy by concentrating investment on strengthened brands with high growth potential and profitability following a review of the brand portfolio; entering market segments expected to grow; expanding existing brands and developing businesses through M&A; strengthening CRM to improve cross-brand customer referrals and the ability to make proposals to customers through the integration of stores and e-commerce; and other measures. In addition, ㈱READY TO FASHION, which primarily plans and operates apparel-focused SaaS recruitment services and a recruitment social networking platform, joined the group as a wholly owned subsidiary in March of this year, further strengthening the group’s earnings power.」

    As the company pursued brand portfolio selection, entry into growth markets and expansion of existing brands through M&A, it acquired all shares of READY TO FASHION and made it a wholly owned subsidiary in March 2024.
  8. FY2024ReframedAnnual report

    「The company will reassess each of the distinctive brands in its portfolio, clarify whether each should prioritize growth or securing profits, and, for brands that do not meet these criteria, assess whether they can be revitalized with a possible exit in mind. It will concentrate management resources on brands with strong growth and profitability.」

    The previous portfolio policy centered on M&A and brand expansion was reorganized around reassessing each brand’s growth potential and profitability, selectively exiting brands where appropriate, and concentrating management resources.
  9. FY2022ReframedAnnual report

    「The company will review businesses based on their profitability, raison d’être and customer loyalty metrics, make decisions to exit businesses as appropriate, and continue reshaping its portfolio with a view to entering new business areas through M&A, thereby strengthening operations in growth sectors.」

    The previous M&A policy centered on expanding existing brands and developing new businesses was reorganized into a portfolio reshaping strategy combining business exits based on profitability, raison d’être and customer loyalty with M&A.
  10. FY2021-Q2AdvancedAnnual report

    「To enter the D2C (direct-to-consumer) market through a business using digital marketing methods, the company acquired all shares of ㈱HYBES, which operates the apparel brand ETRÉ TOKYO, effective 1 August 2020.」

    As part of its brand portfolio expansion and new business development, the company completed the acquisition of all shares of ㈱HYBES to enter the D2C market.
  11. FY2021-Q1AdvancedAnnual report

    「In its overseas business, the company strengthened its U.S. e-commerce business by bringing Efuego Corp, which operates Tactics.com, a U.S. e-commerce site specializing in action sports centered on skateboarding and snowboarding, into the group in March 2020. It also advanced the development of a foundation for expanding the group’s U.S. business by increasing synergies with HUF Worldwide, LLC, another U.S. subsidiary.」

    The acquisition and consolidation of Efuego Corp as a subsidiary in March 2020 strengthened the U.S. e-commerce business and sought to generate synergies with HUF.
  12. FY2020RaisedAnnual report

    「The company will create new brands by leveraging the strengths of its existing businesses and pursue licensing businesses for new overseas brands, while actively expanding high-quality domestic businesses overseas. It will also invest in a venture fund specializing in fashion technology to prepare for future development of new businesses.」

    In addition to conventional M&A and new business development, the company broadened its avenues for new business development to include creating new brands, licensing overseas brands and investing in a fashion technology-focused fund.
  13. FY2020-Q2RestatedAnnual report

    「As the company’s consolidated subsidiary ㈱アングローバル acquired all shares of ㈱アンドワンダー effective 1 March 2019, the latter became a consolidated subsidiary of the company.」

    The acquisition of all shares of ㈱アンドワンダー and its consolidation as a subsidiary was reaffirmed as an achievement in expanding the brand portfolio.
  14. FY2020-Q1AdvancedAnnual report

    「As the company’s consolidated subsidiary ㈱アングローバル acquired all shares of ㈱アンドワンダー effective 1 March 2019, the latter became a consolidated subsidiary of the company.」

    The company acquired all shares of ㈱アンドワンダー effective 1 March 2019 and made it a consolidated subsidiary. Brand portfolio expansion progressed through this new acquisition.
  15. FY2019-Q3AdvancedAnnual report

    「As the company acquired shares of ㈱上野商会 effective 26 October 2018, the company and its subsidiary AVIREX SHANGHAI TRADING CO.,LTD. became consolidated subsidiaries.」

    The company acquired 79% of the shares of ㈱上野商会 on 26 October 2018, making the company and its subsidiary consolidated subsidiaries. The acquisition cost was ¥15,016 million, marking progress toward implementation of the brand portfolio expansion.
  16. FY2019-Q2AdvancedAnnual report

    「At a Board of Directors meeting held on 5 October 2018, the company resolved to acquire 79% of the shares of 株式会社上野商会 and make it a subsidiary, and entered into a share transfer agreement on the same date.」

    The company disclosed its resolution to acquire 79% of 株式会社上野商会 for ¥15,016 million in cash and make it a subsidiary, as well as the execution of the agreement. The business combination date was scheduled for 15 October 2018, representing concrete progress in brand portfolio management.
  17. FY2019-Q1RestatedAnnual report

    「In its overseas business, the company made HUF Worldwide, LLC, a U.S. company operating the street brand HUF, a subsidiary through an acquisition, with the aim of expanding its earnings power.」

    The company reaffirmed the acquisition and consolidation of HUF Worldwide, LLC as a subsidiary and the resulting expansion of earnings power. The acquisition itself was described as having been completed in the previous fiscal year.
  18. FY2018AdvancedAnnual report

    「On 14 December 2017, the company acquired an interest in HUF Holdings, LLC through the newly established TSU US Holdings Corp., making HUF Holdings, LLC a consolidated subsidiary.」

    The acquisition of a 90% interest in HUF Holdings, LLC was completed during the fiscal year, making it a consolidated subsidiary. The acquisition price was ¥7,538 million, marking concrete progress in expanding the brand portfolio.
  19. FY2018-Q3AdvancedAnnual report

    「Based on a resolution made on 27 November 2017 under Article 370 of the Companies Act, which provides for a written resolution in lieu of a Board of Directors’ resolution, the company resolved to acquire a 90% interest in HUF Holdings, LLC and make it a subsidiary. Accordingly, it entered into an interest transfer agreement on the same date and acquired the interest effective 14 December 2017.」

    As concrete progress in expanding the brand portfolio, the company acquired a 90% interest in HUF Holdings, LLC for ¥7,576 million in cash and made it a subsidiary. Although the acquisition date was after the reporting period, it was disclosed as a material subsequent event.
  20. FY2017RaisedAnnual report

    「While actively pursuing M&A of brands that contribute to expanding the group’s brand portfolio and have strong growth potential, the company will also pursue business alliances and acquisitions with local companies to accelerate its expansion in the rapidly growing Asian markets.」

    The scope of the growth strategy was explicitly expanded from brand M&A to include business alliances and acquisitions in Asian markets.
  21. FY2017-Q3AdvancedAnnual report

    「Against this backdrop, based on the medium-term management plan updated in April 2016, the group continued to build a rational operating platform while actively pursuing brand portfolio management through M&A and other means and developing new businesses as part of its growth strategy.」

    In the third quarter, the company acquired all shares of ㈱フォーラル effective 30 September 2016 and established ㈱SANEI BRANDS effective 31 October 2016. These developments represented concrete progress in expanding the brand portfolio and developing new businesses.
  22. FY2017-Q2AdvancedAnnual report

    「The company aims to promote brand portfolio management in order to address the diverse needs of a broad customer base.」

    On 1 June 2016, the company acquired 70.0% of the shares of Laline JAPAN株式会社, recording an acquisition cost of ¥1,666 million and goodwill of ¥1,593 million. It also converted the Callaway Apparel business into a joint venture and transferred it to an equity-method affiliate.
  23. FY2017-Q1First statedAnnual report

    「The company worked to expand its brand portfolio and actively develop new businesses through M&A and other means.」

    Effective 1 March 2016, the company acquired all shares of アナディス㈱ and ㈲シェ・アナン, aiming to strengthen its brand portfolio and expand its earnings power.
Moved together

"Strengthening the E-commerce Business and Converting All Brand Sites to O2O" moved the same way as this thread, in the same document, in 14 of its 31 moves.

141212998★123456
  1. ★This thread
  2. 1Strengthening the E-commerce Business and Converting All Brand Sites to O2O14×
  3. 2Business Restructuring Through Integration, Liquidation and Transfer of Subsidiary Shares12×
  4. 3Share Buybacks12×
  5. 4Exit from Unprofitable Brands, Store Closures and SG&A Reduction9×
  6. 5Improving Product Strategy and Sales Management Methods9×
  7. 6Strengthening the Foundation of Existing Businesses and Building an Efficient Operating Platform8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Tsi Holdings yet. It last moved in the Presentation materials on financial results of 2026-10-15: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Expanding the Brand Portfolio and Developing New Businesses through M&A | TSI HOLDINGS CO.,LTD. (3608) | Komori