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NOF ( (JP:4403) ) has provided an update.
NOF Corporation has announced a decision to purchase up to 5,000,000 of its own shares, representing 2.14% of its outstanding shares, as part of its strategy to enhance shareholder value and improve capital efficiency. This move aligns with the company’s Mid-Term Management Plan, which aims for a stable return of profits and sets a target payout ratio of around 50% by the fiscal year 2025.
More about NOF
NOF Corporation operates in the chemical industry, focusing on the production and distribution of a wide range of chemical products. The company is known for its commitment to innovation and sustainability, serving various market segments with its advanced chemical solutions.
Average Trading Volume: 721,968
Technical Sentiment Signal: Buy
Current Market Cap: Yen506.4B
See more data about 4403 stock on TipRanks’ Stock Analysis page.