TSI Holdings Co (TSE:3608) Dividend Payout Ratio: 16.16 (As of Feb. 2026) — 2639% Above Median


TSE:3608 TSI Holdings Co Ltd TSE:3608
83 GF Score
Price 円1,178.00
GF Value 円1,313.80
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is TSI Holdings Co Dividend Payout Ratio?

TSI Holdings Co TSE:3608 +1.55% 83 Dividend Payout Ratio is 16.16 as of Feb. 2026, which is 2639% above its 10-year median of 0.59. GuruFocus rates TSE:3608 with a GF Score™ of 83/100 and a GF Value™ of 円1,313.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 416 Manufacturing - Apparel & Accessories companies, TSI Holdings Co ranks worse than 70.91% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. TSI Holdings Co's Dividend Payout Ratio for the months ended in Feb. 2026 was 16.16.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TSI Holdings Co Ltd is 0.73, which seems too high.

The historical rank and industry rank for TSI Holdings Co's Dividend Payout Ratio or its related term are showing as below:

TSE:3608' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.59   Max: 3.05
Current: 0.73

During the past 13 years, the highest Dividend Payout Ratio of TSI Holdings Co was 3.05. The lowest was 0.13. And the median was 0.59.

TSE:3608's Dividend Payout Ratio is ranked worse than
70.91% of 416 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs TSE:3608: 0.73

As of today (2026-07-05), the Dividend Yield % of TSI Holdings Co is 3.40%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TSI Holdings Co was 8.50%. The lowest was 0.85%. And the median was 2.31%.

TSI Holdings Co's Dividends per Share for the months ended in Feb. 2026 was 円40.00.

During the past 12 months, TSI Holdings Co's average Dividends Per Share Growth Rate was -38.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 58.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TSI Holdings Co was 135.10% per year. The lowest was -34.10% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

TSI Holdings Co (TSE:3608) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

TSI Holdings Co Dividend Payout Ratio Related Terms

TSI Holdings Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TSI Holdings Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TSI Holdings Co Dividend Payout Ratio Chart

TSI Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.21 0.26 3.05 0.73

TSI Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.21 0.00 0.00 0.00 16.16

TSE:3608 vs RL, LEVI, VFC: Dividend Payout Ratio Comparison

For the Apparel Manufacturing subindustry, TSI Holdings Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TSI Holdings Co Dividend Payout Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where TSI Holdings Co's Dividend Payout Ratio falls into.


TSE:3608
83GF Score
TSI Holdings Co Ltd TSE:3608
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSI Holdings Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

TSI Holdings Co's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Feb. 2026 )/ EPS without NRI (A: Feb. 2026 )
=40/ 55.171
=0.73

TSI Holdings Co's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=40/ 2.475
=16.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 16.16 mean?
TSI Holdings Co (TSE:3608) has a Dividend Payout Ratio of 16.16 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TSI Holdings Co and its competitors. This is 2639% above median its historical median of 0.59. Over the past decade, TSI Holdings Co's Dividend Payout Ratio has ranged from 0.13 to 3.05. According to the industry distribution chart, TSI Holdings Co ranks #295 out of 416 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70.9%.
Is TSI Holdings Co's Dividend Payout Ratio too high?
TSI Holdings Co's current Dividend Payout Ratio of 16.16 is 2639% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 3.05. The Manufacturing - Apparel & Accessories industry median Dividend Payout Ratio is 0.44. TSI Holdings Co's value of 16.16 is 3614.9% above this industry median. Based on the distribution chart, TSI Holdings Co ranks #295 out of 416 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TSI Holdings Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Dividend Payout Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TSI Holdings Co ranks #295 out of 416 companies for Dividend Payout Ratio. This places TSI Holdings Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. TSI Holdings Co's value of 16.16 is 3614.9% above this benchmark. Historically, TSI Holdings Co's own Dividend Payout Ratio has ranged from 0.13 to 3.05 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.44, TSI Holdings Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Manufacturing - Apparel & Accessories company?
The median Dividend Payout Ratio among Manufacturing - Apparel & Accessories companies is 0.44, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSI Holdings Co's current Dividend Payout Ratio of 16.16 is 3614.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TSI Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Holdings Co's current Dividend Payout Ratio is 16.16, which is 2639% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,313.80, compared to a current price of 円1,178.00 — trading 10.3% below its estimated fair value. The current Dividend Payout Ratio is 16.16, which is 2639% above median its 10-year median of 0.59 and 3614.9% above the Manufacturing - Apparel & Accessories industry median of 0.44. TSI Holdings Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For TSI Holdings Co (TSE:3608), the current Dividend Payout Ratio is 16.16 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TSI Holdings Co (TSE:3608) Overvalued in 2026?

Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued. The current stock price of 円1,178.00 is trading 10.3% below its estimated GF Value™ of 円1,313.80. GuruFocus considers TSI Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:3608:

  • Dividend Payout Ratio: 16.16 (2639% above median its 10-year median of 0.59)
  • GF Value™: 円1,313.80 vs. price of 円1,178.00 (10.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 3614.9% above the Manufacturing - Apparel & Accessories median (#295 of 416)

No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSI Holdings Co Business Description

Address 8-5-27 Akasaka, Minato-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
83GF Score

Get the complete analysis for TSE:3608

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,178.00
Price
円1,313.80
GF Value