TSI Holdings Revises Earnings and Dividend Forecasts Amid Market Challenges

TSI Holdings Co ( (JP:3608) ) has provided an announcement.

TSI Holdings Co. has revised its full-year earnings forecast for the fiscal year ending February 2025, expecting a slight decline in net sales due to extended summer heat affecting key product categories and sluggish market conditions in the U.S. Despite this, the company maintains its operating income forecast and projects a significant increase in net income attributable to special profit from asset sales. Additionally, TSI Holdings has revised its dividend forecast, incorporating a special dividend funded by gains from the transfer of real estate trust interests, aiming to enhance shareholder returns over three years. The company also plans to increase its target for treasury share acquisition as part of its medium-term management plan.

More about TSI Holdings Co

TSI Holdings Co., Ltd. operates in the fashion and apparel industry, focusing on high-priced items and heavy apparel. The company is listed on the Tokyo Stock Exchange Prime Market and aims to enhance corporate value through structural reforms and shareholder returns.

YTD Price Performance: -5.25%

Average Trading Volume: 1,000

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $455.9M

See more data about 3608 stock on TipRanks’ Stock Analysis page.