NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.05% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to maintain stable return of profits to shareholders.
The repurchase program is valid till December 31, 2024. As of October 31, 2024, the company had 238,099,369 shares outstanding excluding treasury shares and had 4,424,759 shares in treasury.
