TSI Holdings revises interim forecast: Sales down, but net income up

TSI Holdings has revised its consolidated financial forecast for the second quarter (interim) of the fiscal year ending February 2026. The company lowered expected net sales by JPY4,832 million to JPY66,167 million and operating income by JPY359 million to JPY640 million. This downward revision is attributed to sluggish new customer acquisition for core brands, delays in customer migration following the renewal of its e-commerce site, and weaker-than-expected inbound tourism demand since July.

Despite the sales challenges, TSI Holdings anticipates an increase in ordinary income by JPY183 million to JPY1,333 million and a substantial rise in net income attributable to owners of parent by JPY513 million to JPY1,313 million, leading to an improved EPS of JPY19.57. This is primarily due to a turnaround in equity-method investment from a loss to a profit, reduced foreign exchange losses, and a JPY618 million gain from the sale of investment securities, despite a JPY486 million loss from the divestment of a domestic subsidiary.

The company plans to announce its interim financial results on October 14, 2025. The full-year consolidated earnings forecast remains unchanged.