TSI Holdings Co Ltd Amends Consolidated Full-year Outlook for FY Ending February 2013; to Sell Sub-subsidiary's Shares

TSI Holdings Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 199,000 million to JPY 197,000 million, operating profit (loss) from JPY (200 million) to JPY (500 million), ordinary profit from JPY 300 million to JPY 0 million, and raised its consolidated full-year outlook for net profit (loss) from JPY (3,300 million) to JPY (1,600 million) and earning per share (loss) from JPY (28.50) to JPY (13.82) for the fiscal year ending February 2013. This is due to the gain on sale of subsidiary' shares. The Company also will sell 4,590 shares of its sub-subsidiary, which is engaged in the clothing, accessories and apparel businesses, for JPY 2.5 billion in total, during the period from September 1, 2012 to November 30, 2012. As a result, the Company will hold no stakes in the sub-subsidiary, down from 51% (4,590 shares).