NOF Corporation revised year end dividend guidance for the fiscal year ending March 31, 2026. For the year, the company revised dividend of JPY 35.00 per share compared to previous guidance of JPY 26.00 per share.
Reason for revision: Recognizing that returning profits to its shareholders serves as an important managerial issue, the Company accordingly strives to maintain and increase its dividends while also taking a flexible approach to purchase and cancellation of its treasury shares. The Company has revised its year-end dividend forecast per share to JPY 35, an increase of JPY 9 from the previous forecast of JPY 26, upon having comprehensively taken into account factors that include the above policy, results released as of the date of this notice and the Company's financial status. As a result, total annual dividend per share will be JPY 61, for an increase of JPY 9 relative to the previously announced forecast and an increase of JPY 16 relative to the previous fiscal year.
NOF Corp is a Japan-based company mainly engaged in businesses related to functional chemicals, pharmaceuticals, medical care, health, and chemicals, and is also engaged in transportation and real estate businesses. It operates through three segments. The Functional Chemicals segment manufactures and sells fatty acids, fatty acid derivatives, surfactants, ethylene oxide and propylene oxide derivatives, petrochemicals, functional polymers, electronic materials, and special rust prevention treatment agents. The Pharmaceuticals, Medical Care, and Health segment manufactures and sells edible processed oils and fats, functional food ingredients, health-related products, biocompatible materials, drug delivery system (DDS) pharmaceutical ingredients. The Chemicals segment manufactures and sells industrial explosives, space-related products, defense-related products, and functional products. The Company is also engaged in transportation, real estate sales, and management businesses.
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