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TSI Holdings Surges at Open on Sharp Profit Growth, Dividend Hike and 5.58% Share Buyback
TSI HOLDINGS CO., LTD. <3608> shares drew heavy buy orders after the company projected its net profit to double for the fiscal year ending February 2027. Following the market close on the 10th, the company released its medium-term outlook alongside full-year results for the period ended February 2026. For the current term, TSI expects net sales to climb 19.7% year-on-year to \200 billion and net profit to soar 100.0% to \7.7 billion, signaling a robust recovery in both top and bottom lines. The annual dividend is forecast at \70 per share, a significant \30 increase from the previous year. Furthermore, the company announced a share buyback of up to 3.3 million shares (5.58% of outstanding shares) for a maximum of \3 billion. The aggressive earnings guidance and enhanced shareholder returns have spurred active buying.
For the upcoming term, TSI anticipates growth driven by core brands and full-year contributions from two recent acquisitions. The buyback period will run from April 13 to October 30, with plans to cancel the acquired treasury shares (excluding 630,000 shares) on January 29 next year. Separately, TSI announced it will acquire Toyo Enterprise Co., Ltd. and its sales arm Leilani Trading Co., Ltd. to make them subsidiaries. Toyo Enterprise is known for its "Sukajan" souvenir jackets. The financial impact of these acquisitions is currently being assessed.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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