NOF Corporation announces share buyback, raises earnings and dividend forecasts

NOF Corporation resolved to acquire up to 2,000,000 of its common shares, representing 0.87% of outstanding shares (excluding treasury shares), for a maximum of 5,000,000,000 yen. This buyback will occur from November 7, 2025, to December 31, 2025, through open-market purchases and ToSTNeT-3 transactions. The company cited stable shareholder returns and its Mid-Term Management Plan "NOF VISION 2030 Stage II" (FY2023-2025), which targets a total payout ratio of approximately 50% for FY2025.

NOF Corporation revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026. Net sales are now projected at 258,400 million yen, up from 252,000 million yen, while operating profit remains 46,000 million yen. Ordinary profit is expected to reach 48,300 million yen, up from 47,900 million yen, and profit attributable to owners of parent is revised to 38,200 million yen, up from 36,800 million yen.

The company also increased its interim dividend for the current fiscal year to 26.00 yen per share, a 2.00 yen increase from the previous forecast of 24.00 yen. The year-end dividend forecast was also raised by 2.00 yen to 26.00 yen per share, bringing the total annual dividend to 52.00 yen, representing a 4.00 yen increase from earlier projections and 7.00 yen over the prior fiscal year.