Announces business integration of World and TSI Holdings Co.,Ltd. through establishment of joint holding company Infinity United. Share transfer ratio is 1 to 0.8; joint holding company expected to list on March 1, 2027. Also describes shareholder return policy, dividend policy, and cap on surplus distributions.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3608","jir_company_name":"TSI Holdings Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3608-20261014-03.pdf","jir_short_summary":"Announces business integration of World and TSI Holdings Co.,Ltd. through establishment of joint holding company Infinity United. Share transfer ratio is 1 to 0.8; joint holding company expected to list on March 1, 2027. Also describes shareholder return policy, dividend policy, and cap on surplus distributions.","jir_summary":"### Overview of the Business Integration\nWorld Co., Ltd. and TSI Holdings Co.,Ltd. have announced a business integration through the establishment of a joint holding company. Through a share transfer, a new joint holding company, Infinity United, will be established and is scheduled to be newly listed on the Tokyo Stock Exchange Prime Market on March 1, 2027. After the integration, the intermediate holding companies will be TSI, World Brands, and World Solutions, and World will consider changing its trade name.\n\n### Anticipated Effects and Structure\nThe integration aims to pursue scale merits for business infrastructure, advance distribution strategies using data and OMO, and build growth engines through strengthened investment in human capital. On capital policy, the companies will use valuation results from independent third-party experts to ensure fairness and establish the post-transfer governance structure. After listing, the joint holding company will consider strengthening retained earnings and improving the payout ratio.","jir_financial_highlights":"Allocation related to this share transfer (share transfer ratio): For each World share: 1 joint holding company share; for each TSIHD share: 0.8 joint holding company share (Unknown)\nNew listing date of the joint holding company: 2027-03-01 (Unknown)\nDelisting date: 2027-02-25 (Unknown)","jir_category":"","jir_hashtags":"#World, #BusinessIntegration, #JointHoldingCompany, #InfinityUnited","jir_key_figures":"Share transfer ratio: For each World share: 1 joint holding company share; for each TSIHD share: 0.8 joint holding company share\nTotal number of joint holding company shares: 121,858,487 shares (planned)\nJoint holding company listing date: 2027-03-01 (planned)","jir_meta_title":"World Co., Ltd.: Announces Business Integration via Establishment of Joint Holding Company | Listing Planned March 1, 2027","jir_meta_description":"Notice regarding establishment of a joint holding company and share transfer between World and TSI Holdings Co.,Ltd. Allocation ratio is 1:0.8. Summarizes listing date, delisting date, dividend policy, and other key points.","jir_og_title":"Announcement of Business Integration through Establishment of Joint Holding Company | World","jir_og_description":"World and TSI Holdings Co.,Ltd. announced business integration via establishment of a joint holding company. Share transfer ratio is 1:0.8; listing is planned for March 1, 2027.","jir_og_image_url":"\/assets\/og\/company-corporate_restructuring.jpg","jir_chart_data_collection":"[]","ir_related_company":16830,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-130484","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n