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The latest announcement is out from WORLD CO ( (JP:3612) ).
World Co. reported a strong rebound in December domestic retail sales, with total sales up 7.0% year-on-year, driven by an 8.5% rise in store sales and a 2.0% increase in online sales, even though same-store sales fell 7.0% amid one fewer holiday, which the company estimates shaved roughly 2.5 percentage points off performance. Operationally, growth was underpinned by the consolidation of Right-on from December, which boosted total store count by 226 outlets and lifted overall store sales, while Narumiya’s brands delivered sharp e-commerce gains, 212 KITCHEN STORE continued to benefit from strong demand for cooking utensils toward the year-end, and RAGTAG saw a recovery from inbound tourists; at the same time, unseasonably warm weather weighed on heavy outerwear and knitwear, leaving medium-weight apparel and festive items as the main regular-price drivers and illustrating the company’s growing reliance on portfolio diversity and M&A to offset weather and structural pressures in same-store and online comparisons, including the drag from the exclusion of Laxus Technologies following its IPO.
More about WORLD CO
World Co., Ltd. is a Japan-based apparel and lifestyle retailer operating a large domestic store network and online channels. Its portfolio spans fashion apparel, children’s brands such as Narumiya, lifestyle concepts like 212 KITCHEN STORE, and used select shop RAGTAG, with a focus on both brick-and-mortar and e-commerce sales in the Japanese market.
Average Trading Volume: 118,218
Current Market Cap: Yen110.4B
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