TOKYO, Mar 19 (Pulse News Wire) – World CO.,LTD. (3612.T) resolved today during its board meeting to repurchase 404 shares of its common stock pursuant to Article 234, Paragraphs 4 and 5 of the Companies Act.
This decision follows the completion of a share exchange transaction on March 1, 2026, which resulted in fractional shares held by Lighton Corp.'s shareholders being less than one whole share of World CO.,LTD. The buyback involves acquiring the aforementioned fractional shares based on the closing price of World CO.,LTD.’s ordinary shares on the Tokyo Stock Exchange .
Should there be no trading activity on that day, the purchase price would be determined by multiplying the total number of shares by the first successful trade price recorded thereafter. The repurchase was approved by the board of directors , ensuring compliance with legal requirements and addressing the fractional share issue arising from the recent share swap operation.
🟡 Confidence: Standard AI-translated content.