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NOF ( (JP:4403) ) just unveiled an announcement.
NOF Corporation announced a resolution to purchase up to 2,500,000 of its own treasury shares, reflecting its commitment to maintaining a stable return of profits to shareholders as part of its Mid-Term Management Plan ‘NOF VISION 2030 Stage II.’ The decision aims to achieve a target payout ratio of around 50% by the fiscal year 2025, potentially impacting shareholder value and market perception positively.
More about NOF
NOF Corporation is a company listed on the Tokyo Stock Exchange, specializing in the chemical industry. It focuses on providing various chemical products and services, with a market strategy that emphasizes stable profit returns to shareholders.
YTD Price Performance: -3.39%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.22B
For a thorough assessment of 4403 stock, go to TipRanks’ Stock Analysis page.
