TSI HOLDINGS CO., LTD. (3608) Stock Price

TSI Holdings operates primarily in the manufacturing and sales of fashion and apparel products. This business is conducted through 18 consolidated subsidiaries in the apparel-related sector. Specifically, the company handles the design, manufacturing, and sales of clothing and operates multiple diverse brands.

In addition, TSI Holdings provides sales agency services and staffing services related to its apparel business. Beyond this, the company also manufactures and sells synthetic resin products, provides store design and supervision services, operates food and beverage businesses, and procures and sells cosmetics, fragrances, and soaps. These operations are managed through 8 consolidated subsidiaries and 1 affiliate accounted for using the equity method.

In 2025, TSI Holdings transferred shares of several subsidiaries. For example, the company divested all shares of TSI Sewing and Tosca Vanoc, with related affiliates also exiting the group. Additionally, all shares of Efuego Corp. were transferred. Furthermore, Urth Caffe Japan ceased operations and is scheduled for corporate liquidation.

TSI Holdings is built on sustainability management and pursues the purpose of "creating shared empathy and social value worldwide through the power of fashion entertainment." The company has formulated its medium-term management plan "TSI Innovation Program 2027 (TIP27)" targeting 2027, aiming for sustainable growth. This plan prioritizes strengthening profitability and building operational foundations.

To advance its revenue structure reform, the company focuses on reducing procurement costs, optimizing supply-demand management, reviewing store revenue structures, improving system efficiency, and cutting selling, general and administrative expenses. Notably, SG&A cost reductions significantly contributed to performance in the February 2024 fiscal period. The company has completed the integration of its EC sites, with further reductions in operational costs expected.

As reinvestment toward returning to growth, the company has renovated its EC site "mix.tokyo" to provide seamless customer experiences connecting brands, e-commerce, and physical stores. It has also reassessed its brand portfolio, concentrating management resources on brands with high growth potential and profitability. The company is also considering new brand development and business expansion through M&A.

The company is also reviewing and strengthening its management foundation through department consolidation and optimized personnel allocation. These measures enable swift issue identification and rapid implementation of countermeasures, accelerating the pace of revenue structure reform and return to growth. Through these initiatives, TSI Holdings aims to realize sustainable growth.