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The latest update is out from NOF ( (JP:4403) ).
NOF Corporation’s board has approved a share buyback program aimed at enhancing shareholder returns and capital efficiency. The move aligns with its previously announced dividend policy under the “NOF VISION 2030 Stage II” plan, which targets a total payout ratio of around 50% in the final year and underscores its ongoing commitment to stable profit distribution.
Under the resolution, the company will repurchase up to 1.7 million common shares, or about 0.75% of its outstanding stock excluding treasury shares, for a maximum of ¥5 billion between May 12 and June 30, 2026, via open-market purchases on the Tokyo Stock Exchange. The buyback follows existing treasury holdings and signals continued focus on shareholder-friendly policies as NOF transitions into its next mid-term plan, “NOF VISION 2030 Stage III,” covering fiscal years 2026 to 2028.
More about NOF
NOF Corporation is a Japanese chemicals manufacturer listed on the Tokyo Stock Exchange Prime Market under code 4403. The company operates across specialty and industrial chemicals, with a focus on stable shareholder returns under its multi-year “NOF VISION 2030” mid-term management plans.
YTD Price Performance: 8.28%
Average Trading Volume: 793,171
Technical Sentiment Signal: Buy
Current Market Cap: Yen761.4B
See more insights into 4403 stock on TipRanks’ Stock Analysis page.