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Employees: 4,108
Size TSI (3608.T) is a Japan Consumer Discretionary company (Apparel/Footwear) with a market value of $430M, the 1152nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,164 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against -23.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 28.7% over the last twelve months (peer median +0.7%); the operating margin is 2.5% (peer median 5.3%).
Valuation It trades at 8.4× forward earnings against a peer median of 12.8× (6th cheapest of 15).
Capital Return on invested capital runs 2.3 points below its cost of capital (5.2% WACC).
Next results Next results expected around 8 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥190B | ¥167B | ¥157B | ¥155B | ¥154B |
| Revenue growth | — | +7% | +1% | +1% | — |
| Gross profit | ¥100B | ¥86.1B | ¥80.4B | ¥81.1B | ¥81.1B |
| EBITDA | ¥11.4B | ¥9.71B | ¥5.33B | ¥5.41B | ¥6.26B |
| Net income | ¥3.60B | ¥3.79B | ¥15.2B | ¥4.85B | ¥3.06B |
| Free cash flow | n/a | -¥10.2B | ¥3.28B | -¥2.85B | -¥1.15B |
| Capital expenditure | n/a | ¥4.91B | ¥3.06B | ¥3.05B | ¥3.75B |
| Total debt | ¥52.1B | ¥44.8B | ¥1.66B | ¥9.96B | ¥9.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3608.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -6.6% | 8th highest of 21 |
| 6-month return | -11.5% | -23.0% | 6th highest of 21 |
| Distance from 52-week high | -24.4% | -38.3% | 5th highest of 21 |
| Revenue growth (TTM) | +28.7% | +0.7% | highest of 21 |
| Operating margin | 2.5% | 5.3% | 5th lowest of 21 |
| Forward P/E | 8.4× | 12.8× | 6th cheapest of 15 |
| ROIC minus cost of capital | -2.3 pp | +0.9 pp | 8th lowest of 21 |
| EV / EBITDA | 7.7× | 8.7× | 5th cheapest of 11 |
| Net debt / EBITDA | 1.8× | -0.7× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TSI 3608.T | Japan | $430M | -11% | +29% | 2% | 8.4× | n/a | n/a |
| Zhejiang Giuseppe Garment 002687.SZ | China | $432M | +18% | -1% | 8% | 32.9× | 12.1% | +3.0% |
| LF Corp. 093050.KS | South Korea | $426M | -13% | 0% | 9% | 5.0× | -12.5% | +3.2% |
| ShenZhen HuiJie 002763.SZ | China | $437M | -24% | -3% | 6% | n/a | -11.8% | +4.9% |
| Marimekko MEKKO.HE | Finland | $437M | -1% | +2% | 16% | 15.2× | -1.5% | +8.9% |
| Oxford Industries OXM | United States | $440M | -35% | -2% | 3% | 13.0× | 11.6% | +14.6% |
| Shanghai Dragon 600630.SS | China | $420M | -21% | +9% | 2% | n/a | 26.5% | -10.9% |
| Wuxi Double Elephant Micro Fibre Material 002395.SZ | China | $448M | -45% | -5% | 4% | 8.8× | -0.1% | +14.0% |
| China Lilang 1234.HK | Hong Kong | $406M | -27% | +21% | 12% | 4.8× | n/a | n/a |
| Sunrise Manufacture 605138.SS | China | $457M | -29% | +3% | 5% | 15.2× | n/a | n/a |
| Xin Hee 003016.SZ | China | $404M | -24% | +9% | 2% | 27.0× | 14.9% | -4.2% |
| Anhui Anli Material Technology 300218.SZ | China | $402M | -20% | -3% | 3% | 27.0× | 25.1% | +8.0% |
| Shenzhen Ellassay Fashion 603808.SS | China | $401M | -35% | 0% | 10% | 13.1× | -15.0% | +7.8% |
| Zhejiang Red Dragonfly Footwear 603116.SS | China | $465M | -15% | +1% | -7% | n/a | 4.1% | -4.7% |
| Zhejiang Kanglongda Special Protection Technology 603665.SS | China | $476M | -29% | -1% | 3% | n/a | 10.2% | +6.8% |
| Rocky Brands RCKY | United States | $387M | +37% | +11% | 10% | 12.6× | 10.6% | +11.7% |
| Regina Miracle International (Holdings) 2199.HK | Hong Kong | $386M | +26% | -2% | 8% | 5.8× | -9.2% | +5.3% |
| Shanghai Kaikai Industrial 600272.SS | China | $386M | +3% | +1% | 3% | n/a | 15.2% | +8.2% |
| Shanghai Metersbonwe Fashion & Accessories 002269.SZ | China | $482M | -25% | -16% | -54% | n/a | 17.7% | -34.8% |
| Fulgent Sun International (Holding) 9802.TW | Taiwan | $382M | -22% | +11% | 6% | 8.1× | n/a | n/a |
| F&F 007700.KS | South Korea | $380M | -31% | +7% | 23% | 1.2× | n/a | n/a |