World Co. to acquire Narumiya International, eyes greater synergies

World Co., Ltd. (TSE:3612) is set to acquire Narumiya International, a manufacturer and seller of children's clothing, making it a wholly-owned subsidiary through a share exchange effective October 1, 2025. Under the terms, Narumiya shareholders will receive 0.58 World shares for each Narumiya share they hold. The move aims to strengthen World's brand business by integrating Narumiya's children's clothing expertise. World also aims to create its "Fashion Ecosystem" by eliminating conflicting interests, enhancing decision-making, and injecting more resources into Narumiya's operations.