NOF Corporation boosts earnings forecasts, announces share buyback and dividend hike

NOF Corporation announced a resolution to purchase up to 2,000,000 of its common shares, representing 0.87% of outstanding shares (excluding treasury shares), for a maximum of JPY 5,000,000,000. This buyback, scheduled from November 7, 2025, to December 31, 2025, aligns with the company's dividend policy and aims for a total payout ratio of around 50% for FY2025.

In parallel, NOF Corporation revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026. Net sales are now projected at JPY 258,400 million (up from JPY 252,000 million), ordinary profit at JPY 48,300 million (up from JPY 47,900 million), and profit attributable to owners of parent at JPY 38,200 million (up from JPY 36,800 million). Basic earnings per share are revised to JPY 166.18, reflecting a JPY 8.60 increase.

The company also raised its interim dividend per share from JPY 24.00 to JPY 26.00 and its year-end dividend per share forecast from JPY 24.00 to JPY 26.00, resulting in a total annual dividend of JPY 52.00, an increase of JPY 4.00 from previous forecasts. These revisions reflect strong performance in Explosives & Propulsion, offsetting a decline in Functional Chemicals.