For the first half of the fiscal year ending February 2027, revenue was 88.9 hundred million yen, operating income was 0.99 hundred million yen, and net income was 1.11 hundred million yen. Revenue and profit increased due to an expanded consolidation scope and recovery in existing businesses, but results fell short of the plan. Revenue growth was supported by contributions from two M&A targets, while a decline in gross margin and higher SG&A expenses weighed on profitability. The company aims to recover in the second half.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3608","jir_company_name":"TSI Holdings Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-15","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3608-20261015-01.pdf","jir_short_summary":"For the first half of the fiscal year ending February 2027, revenue was 88.9 hundred million yen, operating income was 0.99 hundred million yen, and net income was 1.11 hundred million yen. Revenue and profit increased due to an expanded consolidation scope and recovery in existing businesses, but results fell short of the plan. Revenue growth was supported by contributions from two M&A targets, while a decline in gross margin and higher SG&A expenses weighed on profitability. The company aims to recover in the second half.","jir_summary":"### Overview of Performance\nIn the first half of the fiscal year ending February 2027, revenue increased significantly due to the expanded consolidation of Daytona International and Waterfront. Existing businesses secured higher operating profit driven by recovery of key brands and improvements in SG&A. However, revenue fell short of the plan, and gross profit was pressured by a decline in gross margin and yen depreciation. Structural reform effects continue, and the company expects to recover in the second half.\n\n### Outlook and Strategy\nThe company will continue growth investments leveraging M&A contributions, optimize inventory and merchandise planning, and pursue margin improvement through pricing strategies. From the second half onward, it will strengthen its sales capabilities and aim to enhance corporate value including shareholder returns. Share buybacks and dividends are also referenced as part of shareholder returns.","jir_financial_highlights":"Revenue: 88.9 hundred million yen (YoY 134.4%)\nOperating Income: 0.99 hundred million yen (YoY +0.35 hundred million yen (+155.5%))\nNet Income: 1.11 hundred million yen (YoY Unknown (interim net income equivalent unclear))","jir_category":"","jir_hashtags":"#TSIHOLDINGS, #Earnings, #FirstHalf, #BusinessRestructuring","jir_key_figures":"Revenue: 88.9 hundred million yen\nYear-over-Year: 134.4%\nFirst Half Operating Income: 0.99 hundred million yen","jir_meta_title":"TSI Holdings Co.,Ltd. First Half Financial Overview for Fiscal 2027 | Revenue 88.9 hundred million yen, Operating Income 0.99 hundred million yen","jir_meta_description":"Analysis of TSI Holdings Co.,Ltd.'s first half results for the fiscal year ending February 2027. Revenue: 88.9 hundred million yen; Operating Income: 0.99 hundred million yen; Net Income: 1.11 hundred million yen. Examines M&A contributions and brand recoveries alongside challenges such as plan shortfall and declining gross margin.","jir_og_title":"TSI Holdings Co.,Ltd. First Half Financial Overview | Revenue 88.9 hundred million yen, Operating Income 0.99 hundred million yen","jir_og_description":"First half results for the fiscal year ending February 2027. Revenue and operating profit rose due to expanded consolidation and key brand recoveries, but results fell short of the plan. Discusses reforms aimed at recovery in the second half.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026-02\\\",\\\"2027-02 First Half\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[668.0,889.0]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026-02\\\",\\\"2027-02 First Half\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[6.4,9.9]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Trend of SG&A Ratio and Gross Profit Margin\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"First Half\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"SG&A Ratio\\\",\\\"data\\\":[53.0]},{\\\"label\\\":\\\"Gross Profit Margin\\\",\\\"data\\\":[53.6]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"pie\", \"jir_chart_title\": \"Revenue Composition by Segment\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"pie\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Domestic\\\",\\\"International\\\"],\\\"datasets\\\":[{\\\"data\\\":[85.7,14.3]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Comparison of Forecast and Actual\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2027 First Half Actual\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"YoY Change\\\",\\\"data\\\":[134.4]}]},\\\"options\\\":{}}\"}]","ir_related_company":16830,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-130874","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n