TSI : Summary of Financial Results for the second quarter 2022

Summary of Consolidated Financial Results

for the Second Quarter of Fiscal Year Ended February 28, 2022

[Japanese GAAP] (Consolidated)

		October 5, 2021
Company name:	TSI HOLDINGS CO., LTD.	Stock listing: Tokyo Stock Exchange
Code number:	3608	URL: https://www.tsi-holdings.com/en/
Representative:	Representative Director and President, Tsuyoshi Shimoji
Contact:	Executive Officer, General Manager of Finance & Accounting Dept. Mitsuru Naito
TEL: [phone]
Scheduled date of financial report:	October 8, 2021
Scheduled date to begin dividend payment:	―
Preparation of supplementary financial document:	Yes
Briefing session to explain the financial statements:	Yes (For institutional investors and analysts)

(Rounded down to the nearest million yen)

1. Consolidated Business Results for the Second quarter of the Fiscal Year Ended February 28, 2022(March 1, 2021 to August 31, 2021)

(1) Consolidated results of operations

(% change from the previous fiscal year)

Net sales

Operating income

Ordinary income

Profit attributable to

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Second quarter of FY ended

64,751

15.1

1,134

―

2,002

―

1,890

―

February 28,2022

Second quarter of FY ended

56,270

(31.2)

(10,469)

―

(9,642)

―

(14,434)

―

February 28,2021

(Notes) Comprehensive income: Second quarter of Fiscal year ended February 28, 2022 ¥1,698 million―%

Second quarter of Fiscal year ended February 29, 2021 ¥(16,038) million―%

Net income

Diluted net

per share

income per share

Yen

Yen

Second quarter of FY ended

20.94

―

February 28,2022

Second quarter of FY ended

(158.70)

―

February 28,2021

(2) Consolidated financial position

Total assets

Net assets

Shareholders' equity

ratio

Million yen

Million yen

%

Second quarter of FY ended

143,950

99,181

68.6

February 28,2022

FY ended February 28,2021

154,951

97,430

62.6

(Reference) Shareholders' equity: Second quarter of FY ended February 28,2022

¥98,710 million

FY ended February 2021

¥96,977 million

2. Dividends

Annual dividend

End of

End of

End of

Year-end

Total

1Q

2Q

3Q

Yen

Yen

Yen

Yen

Yen

FY ended February 2021

―

0.00

―

0.00

0.00

FY ended February 2022

―

FY ended February 2022

0.00

―

5.00

5.00

(forecast)

(Note) Revisions during this quarter of dividends forecast for fiscal year: None

3. Forecast of Consolidated Business Results for the Fiscal Year Ending February 28, 2022 (March 1, 2021 to February 28, 2022) (% change from the corresponding period of the previous fiscal year)

	Net sales		Operating income	Ordinary income	Profit attributable to	Net income
		owners of parent	per share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full fiscal year	152,400		13.7	1,100	―	1,600	―	1,660	(57.0)	18.40

(Note) Revisions during this quarter of previously disclosed consolidated business results projection for FY 2022: None

＊Notes:

(1) Changes in significant subsidiaries during the period: Yes

Changes in specified subsidiaries resulting in a change in the scope of consolidation

Deselection 2 companies(SANEI-INTERNATIONAL CO.,LTD. and TSI GROOVE AND SPORTS CO.,LTD.)

1. Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: None
2. Changes in accounting policies, accounting estimates, and restatements
3. 1. Changes in accounting policies due to revisions of accounting standards: None
   2. Changes in accounting policies other than above (a): None
   3. Changes of accounting estimates: None
   4. Restatements: None
4. Number of shares issued (common stock)

a. Number of shares issued at the end of period (treasury stock included)

b. Number of treasury stock at the end of period

c. Average number of shares over the period

Q2 of FY ended February
2022	95,783,293	shares	FY ended February 2021	95,783,293	shares
Q2 of FY ended February
2022	5,510,669	shares	FY ended February 2021	5,556,309	shares
Q2 of FY ended February			Q2 of FY ended February
2022	90,242,807	shares	2021	91,774,868	shares

*This business results report is not subject to auditing by certified public accountants or audit firms.

*Explanation regarding the appropriate use of business forecasts and other special instructions

The forward-looking statements, including business forecasts, contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable by the Company, and are not intended as a promise by the Company that they will be achieved. Actual results may differ materially due to a variety of factors. Please refer to "(3) Explanation of Consolidated Business Forecast and Other Forward-looking Statements " on page 3 for the assumptions underlying the forecasts and cautionary statements regarding the use of the forecasts.