TOKYO, Mar 19 (Pulse News Wire) – World CO.,LTD. (3612.T) announced today that its board of directors, held, approved a share repurchase plan based on Article 163 of the Companies Act, which allows for the acquisition of ordinary shares held by subsidiaries.
Under the resolution, the company plans to acquire up to 10,564 ordinary shares, representing 0.01% of the outstanding shares excluding treasury stock. The total value of the shares to be acquired is estimated at ¥15.8 million, calculated based on the closing price of World Co.'s ordinary shares on the Tokyo Stock Exchange on March 18, 2026, multiplied by 10,564 shares. The transaction will take place through negotiated trades, with the contract signing set, and the expected completion date scheduled for March 24, 2026. The primary reason for this repurchase is to comply with Article 135, Paragraph 3 of the Companies Act, which permits such acquisitions.
The subsidiary involved in the transaction is Lighton Corporation, headquartered at Tokyo, Taitou Ku Moto Asakusa Ni Choume 6-6, engaged in casual wear retail sales. Lighton's capital is ¥100 million. As of March 1, 2026, World Co. had 927,726 treasury shares out of a total of 76,212,102 outstanding shares excluding treasury stock.
🟢 Confidence: High AI-translated content.