NOF Corporation completes first phase of share buyback program

NOF Corporation announced today the successful completion of the first stage of its planned treasury share buyback program, as authorized by the Board of Directors on May 9, 2025. Between May 12 and May 31, 2025, the company repurchased 1,155,200 of its own common shares through open-market transactions on the Tokyo Stock Exchange, for a total purchase price of JPY2,765,988,100. This buyback is part of a larger program, with a maximum target of 5,000,000 shares and a total budget of JPY10,000,000,000, to be completed by September 30, 2025. The repurchased shares represent 2.14% of the total outstanding shares, excluding treasury shares. The company is undertaking the buyback according to Article 165 of the Companies Act.