NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 0.79% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to return profits to shareholders with an awareness of improving capital efficiency.
The repurchase program is valid till March 31, 2026. As of January 31, 2026, the company had 228,229,884 shares outstanding excluding treasury shares and had 8,294,244 shares in treasury.
NOF CORPORATION is mainly engaged in the functional chemical products business, life science business and others. The Company operates in three segments. The Functional Chemical segment is engaged in the manufacture and sale of fatty acids, fatty acid derivatives, surfactants, ethylene oxide and propylene oxide derivatives, organic peroxides, petroleum chemicals, functional polymers, functional films, electronic materials and special rust prevention agents, as well as the rust prevention processing. The Life Science segment is engaged in the manufacture and sale of drug formulation materials for drug delivery systems (DDSs), edible oils and fats and health food products, among others. The Chemical segment is engaged in the manufacture and sale of industrial explosives, defense-related items, space-related products. The Company also operates in transportation business and real estate business.
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