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WORLD CO ( (JP:3612) ) just unveiled an update.
World Co., Ltd. has announced a share exchange agreement to make RIGHT ON Co., Ltd. its wholly-owned subsidiary, effective March 1, 2026. This strategic move aims to support RIGHT ON’s business revitalization and leverage synergies between the companies. RIGHT ON has been struggling with declining sales and profitability due to external factors, and this alliance is expected to enhance its business performance and market position.
More about WORLD CO
World Co., Ltd. is a company operating in the fashion industry, known for its diverse range of fashion products and services. The company aims to build a unique ‘Fashion Ecosystem’ and is focused on sustainable growth through strategies like business portfolio improvement and multi-channel store openings. RIGHT ON Co., Ltd., established in 1980, is a leading jeans specialty store in Japan, which has been focusing on revitalizing its business amidst challenges posed by the COVID-19 pandemic and shifts in consumer behavior.
Average Trading Volume: 189,983
Current Market Cap: Yen102.8B
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