NOF Authorises 5 Billion Yen Buyback

TOKYO, Aug 05 (Pulse News Wire) – NOF has authorised a share repurchase programme capped at 5 Billion Yen (0.89% of issued shares excluding treasury).

Acquisitions will be conducted via on-market purchases on the Tokyo Stock Exchange.

NOF cited strengthening shareholder returns and improving capital efficiency as the rationale for the action.