TOKYO, May 11 (Pulse News Wire) – NOF Corporation (4403.T) announced today that its board of directors has resolved to repurchase up to 1,700,000 shares of its common stock, representing 0.75% of outstanding shares excluding treasury stock, based on Article 165(2) of the Companies Act. The total amount allocated for the buyback is capped at ¥5 billion.
The repurchase program will commence on May 11, 2026 and conclude on May 12, 2026, conducted through open-market purchases on the Tokyo Stock Exchange. The move aims to enhance capital efficiency and further return value to shareholders, aligning with the company's commitment to stable profit distribution outlined in its mid-term plan "NOF VISION 2030 Stage II." As part of its ongoing efforts towards sustainable shareholder returns, NOF also plans to continue focusing on stable profit distribution during the next phase of its vision, "NOF VISION 2030 Stage III," spanning from 2026 to 2028.
At the end of the previous stage in fiscal 2025, the company aimed for a payout ratio of approximately 50%. At the close of trading on April 30, the number of treasury shares held was 9,975,438, excluding shares held by the employee stock trust (BBT).
The total number of outstanding shares excluding treasury stock stood at 226,548,690.
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