View ValuationNOF 향후 성장Future 기준 점검 1/6NOF (는) 각각 연간 4% 및 4.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 14.1% 로 예상됩니다.핵심 정보4.0%이익 성장률6.06%EPS 성장률Chemicals 이익 성장14.5%매출 성장률4.1%향후 자기자본이익률14.10%애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트Price Target Changed • Dec 13Price target increased by 9.0% to JP¥3,760Up from JP¥3,450, the current price target is an average from 5 analysts. New target price is 14% above last closing price of JP¥3,284. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥167 for next year compared to JP¥154 last year.Price Target Changed • Jul 29Price target increased by 12% to JP¥3,283Up from JP¥2,933, the current price target is an average from 3 analysts. New target price is 9.7% above last closing price of JP¥2,994. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥154 last year.Price Target Changed • Jun 06Price target increased by 9.2% to JP¥2,933Up from JP¥2,687, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of JP¥2,681. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥154 last year.공시 • Nov 15+ 1 more updateNOF Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expects Net sales of JPY 220,000 million, Operating profit of JPY 40,000 million, Profit attributable to owners of parent of JPY 32,500 million and Basic earnings per share of JPY 404.01.공시 • Aug 18+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.공시 • May 23+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • May 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.9% to JP¥2,808. The fair value is estimated to be JP¥3,514, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period.분석 기사 • May 18NOF's (TSE:4403) Solid Earnings May Rest On Weak FoundationsNOF Corporation's ( TSE:4403 ) stock didn't jump after it announced some healthy earnings. We did some digging and...공시 • May 12NOF Corporation (TSE:4403) announces an Equity Buyback for 1,700,000 shares, representing 0.75% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 0.75% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till June 30, 2026. As of April 30, 2026, the company had 226,548,690 shares outstanding excluding treasury shares and had 9,975,438 shares in treasury.Reported Earnings • May 12Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥176 (up from JP¥154 in FY 2025). Revenue: JP¥258.0b (up 8.2% from FY 2025). Net income: JP¥40.6b (up 11% from FY 2025). Profit margin: 16% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.공시 • May 11NOF Corporation, Annual General Meeting, Jun 26, 2026NOF Corporation, Annual General Meeting, Jun 26, 2026.Buy Or Sell Opportunity • May 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥2,800. The fair value is estimated to be JP¥3,512, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.Upcoming Dividend • Mar 23Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%).공시 • Mar 06NOF Corporation to Report Fiscal Year 2026 Results on May 11, 2026NOF Corporation announced that they will report fiscal year 2026 results on May 11, 2026Buy Or Sell Opportunity • Mar 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to JP¥2,888. The fair value is estimated to be JP¥3,760, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.Buy Or Sell Opportunity • Feb 16Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to JP¥2,918. The fair value is estimated to be JP¥3,670, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥44.28 (vs JP¥44.78 in 3Q 2025)Third quarter 2026 results: EPS: JP¥44.28 (down from JP¥44.78 in 3Q 2025). Revenue: JP¥64.3b (up 6.0% from 3Q 2025). Net income: JP¥10.1b (down 4.4% from 3Q 2025). Profit margin: 16% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 14+ 1 more updateNOF Corporation Revises Year End Dividend Guidance for the Fiscal Year Ending March 31, 2026NOF Corporation revised year end dividend guidance for the fiscal year ending March 31, 2026. For the year, the company revised dividend of JPY 35.00 per share compared to previous guidance of JPY 26.00 per share. Reason for revision: Recognizing that returning profits to its shareholders serves as an important managerial issue, the Company accordingly strives to maintain and increase its dividends while also taking a flexible approach to purchase and cancellation of its treasury shares. The Company has revised its year-end dividend forecast per share to JPY 35, an increase of JPY 9 from the previous forecast of JPY 26, upon having comprehensively taken into account factors that include the above policy, results released as of the date of this notice and the Company's financial status. As a result, total annual dividend per share will be JPY 61, for an increase of JPY 9 relative to the previously announced forecast and an increase of JPY 16 relative to the previous fiscal year.분석 기사 • Feb 13NOF's (TSE:4403) Dividend Will Be ¥26.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of June. Even...공시 • Feb 13NOF Corporation (TSE:4403) announces an Equity Buyback for 1,800,000 shares, representing 0.79% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 0.79% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till March 31, 2026. As of January 31, 2026, the company had 228,229,884 shares outstanding excluding treasury shares and had 8,294,244 shares in treasury.분석 기사 • Jan 26Investors Appear Satisfied With NOF Corporation's (TSE:4403) ProspectsNOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 20.1x might make it look like a sell right now...분석 기사 • Dec 18Does NOF (TSE:4403) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Price Target Changed • Dec 13Price target increased by 9.0% to JP¥3,760Up from JP¥3,450, the current price target is an average from 5 analysts. New target price is 14% above last closing price of JP¥3,284. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥167 for next year compared to JP¥154 last year.공시 • Dec 06NOF Corporation to Report Q3, 2026 Results on Feb 13, 2026NOF Corporation announced that they will report Q3, 2026 results on Feb 13, 2026분석 기사 • Dec 02NOF's (TSE:4403) Dividend Will Be ¥26.00The board of NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of...Declared Dividend • Dec 02First half dividend of JP¥26.00 announcedShareholders will receive a dividend of JP¥26.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Nov 23NOF Corporation to Report First Half, 2026 Results on Nov 28, 2025NOF Corporation announced that they will report first half, 2026 results on Nov 28, 2025Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥29.56 (vs JP¥25.07 in 2Q 2025)Second quarter 2026 results: EPS: JP¥29.56 (up from JP¥25.07 in 2Q 2025). Revenue: JP¥53.1b (down 4.1% from 2Q 2025). Net income: JP¥6.81b (up 14% from 2Q 2025). Profit margin: 13% (up from 11% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.공시 • Nov 06NOF Corporation (TSE:4403) announces an Equity Buyback for 2,000,000 shares, representing 0.87% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.87% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to further return profits to shareholders with Mid-Term Management Plan. The repurchase program is valid till December 31, 2025. As of October 31, 2025, the company had 229,944,904 shares outstanding excluding treasury shares and had 6,579,224 shares in treasury.분석 기사 • Oct 29NOF (TSE:4403) Has Some Way To Go To Become A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...분석 기사 • Oct 12Is NOF Corporation (TSE:4403) Worth JP¥2.6k Based On Its Intrinsic Value?Key Insights The projected fair value for NOF is JP¥2,081 based on 2 Stage Free Cash Flow to Equity NOF's JP¥2,591...Buy Or Sell Opportunity • Oct 06Now 24% overvaluedOver the last 90 days, the stock has fallen 8.1% to JP¥2,627. The fair value is estimated to be JP¥2,120, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.Upcoming Dividend • Sep 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 31% and the cash payout ratio is 87%. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).분석 기사 • Sep 05NOF (TSE:4403) Will Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. The...공시 • Sep 05NOF Corporation to Report Q2, 2026 Results on Nov 06, 2025NOF Corporation announced that they will report Q2, 2026 results on Nov 06, 2025Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: JP¥37.00 (vs JP¥46.30 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.00 (down from JP¥46.30 in 1Q 2025). Revenue: JP¥56.1b (up 1.7% from 1Q 2025). Net income: JP¥8.61b (down 22% from 1Q 2025). Profit margin: 15% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jul 29Price target increased by 12% to JP¥3,283Up from JP¥2,933, the current price target is an average from 3 analysts. New target price is 9.7% above last closing price of JP¥2,994. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥154 last year.분석 기사 • Jul 23NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December...분석 기사 • Jul 09NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. This...Declared Dividend • Jul 09Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jun 06Price target increased by 9.2% to JP¥2,933Up from JP¥2,687, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of JP¥2,681. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥154 last year.공시 • Jun 06NOF Corporation to Report Q1, 2026 Results on Aug 06, 2025NOF Corporation announced that they will report Q1, 2026 results on Aug 06, 2025분석 기사 • Jun 01Unpleasant Surprises Could Be In Store For NOF Corporation's (TSE:4403) SharesNOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 16.4x might make it look like a sell right now...분석 기사 • May 16NOF's (TSE:4403) Profits May Not Reveal Underlying IssuesNOF Corporation ( TSE:4403 ) just released a solid earnings report, and the stock displayed some strength. While the...Reported Earnings • May 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥154 (up from JP¥141 in FY 2024). Revenue: JP¥238.3b (up 7.2% from FY 2024). Net income: JP¥36.5b (up 7.4% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.공시 • May 10NOF Corporation (TSE:4403) announces an Equity Buyback for 5,000,000 shares, representing 2.14% for ¥10,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.14% of its total shares outstanding excluding treasury shares, for a total of ¥10,000 million. The purpose of repurchase program is to further return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till September 30, 2025. As of April 30, 2025, the company had 233,648,368 shares outstanding excluding treasury shares and had 2,875,760 shares in treasury.공시 • May 09NOF Corporation, Annual General Meeting, Jun 27, 2025NOF Corporation, Annual General Meeting, Jun 27, 2025.분석 기사 • Apr 28These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).공시 • Mar 07NOF Corporation to Report Fiscal Year 2025 Results on May 09, 2025NOF Corporation announced that they will report fiscal year 2025 results on May 09, 2025분석 기사 • Mar 03Returns On Capital At NOF (TSE:4403) Have Hit The BrakesIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Feb 13Third quarter 2025 earnings released: EPS: JP¥44.78 (vs JP¥40.24 in 3Q 2024)Third quarter 2025 results: EPS: JP¥44.78 (up from JP¥40.24 in 3Q 2024). Revenue: JP¥60.7b (up 4.1% from 3Q 2024). Net income: JP¥10.6b (up 9.6% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.공시 • Feb 12NOF Corporation (TSE:4403) announces an Equity Buyback for 2,500,000 shares, representing 1.06% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.06% 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 March 31, 2025. As of January 31, 2025, the company had 236,010,390 shares outstanding excluding treasury shares and had 6,513,738 shares in treasury.분석 기사 • Dec 15NOF Corporation's (TSE:4403) Shareholders Might Be Looking For ExitIt's not a stretch to say that NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 15.1x right now...공시 • Dec 06NOF Corporation to Report Q3, 2025 Results on Feb 12, 2025NOF Corporation announced that they will report Q3, 2025 results on Feb 12, 2025Declared Dividend • Dec 03First half dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (13% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Nov 27Slowing Rates Of Return At NOF (TSE:4403) Leave Little Room For ExcitementIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥25.07 (vs JP¥30.33 in 2Q 2024)Second quarter 2025 results: EPS: JP¥25.07 (down from JP¥30.33 in 2Q 2024). Revenue: JP¥55.4b (up 5.4% from 2Q 2024). Net income: JP¥5.97b (down 18% from 2Q 2024). Profit margin: 11% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.공시 • Nov 08NOF Corporation Announces Interim Dividend for the Fiscal Year Ended March 31, 2024, Payable on December 2, 2024; Provided Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2025NOF Corporation announced interim dividend for the fiscal year ended March 31, 2024 and provided year-end dividend forecast for the fiscal year ending March 31, 2025. The company announced interim dividend of JPY 21.00 per share for the fiscal year ended March 31, 2024 compared to JPY 56.00 per share a year ago. Total dividends: JPY 5,000 million; Record date: September 30, 2024; Effective date: December 2, 2024. The company also decided to increase the year-end dividend per share by JPY 1 to JPY 21 from the previous forecast of JPY 20.분석 기사 • Nov 08NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value EstimateKey Insights The projected fair value for NOF is JP¥4,555 based on 2 Stage Free Cash Flow to Equity NOF is estimated to...공시 • Nov 07+ 1 more updateNOF Corporation (TSE:4403) announces an Equity Buyback for 2,500,000 shares, representing 1.05% for ¥5,000 million.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.분석 기사 • Oct 24These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%).분석 기사 • Sep 04Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%NOF Corporation ( TSE:4403 ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...분석 기사 • Aug 27Returns At NOF (TSE:4403) Appear To Be Weighed DownFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥46.30 (vs JP¥37.29 in 1Q 2024)First quarter 2025 results: EPS: JP¥46.30 (up from JP¥37.29 in 1Q 2024). Revenue: JP¥55.1b (up 12% from 1Q 2024). Net income: JP¥11.0b (up 23% from 1Q 2024). Profit margin: 20% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,765, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 2.9% over the past three years.Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 50% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.분석 기사 • Jul 05Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)There wouldn't be many who think NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 15.7x is worth a...분석 기사 • Jun 20Is NOF Corporation (TSE:4403) Trading At A 39% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, NOF fair value estimate is JP¥3,477 NOF is estimated to be 39...공시 • Jun 10NOF Corporation to Report Q1, 2025 Results on Aug 07, 2024NOF Corporation announced that they will report Q1, 2025 results on Aug 07, 2024공시 • May 23NOF Corporation Announces Executive Resignations, Effective as of June 27, 2024NOF Corporation announced that the Board of Directors decided at a meeting held on May 9, 2024 to make the following changes in its Executive Management. The changes will be effective as of June 27, 2024. The company announced that Operating Officers to retired as: Hideru Furukawa - Operating Officer,General Manager of Corporate Communications Dept. and Tomoaki Mori - Operating Officer,General Manager of Finance Dept.Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥424 (up from JP¥139 in FY 2023). Revenue: JP¥222.3b (up 2.1% from FY 2023). Net income: JP¥34.0b (flat on FY 2023). Profit margin: 15% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • May 11NOF Corporation, Annual General Meeting, Jun 27, 2024NOF Corporation, Annual General Meeting, Jun 27, 2024.공시 • May 10NOF Corporation (TSE:4403) announces an Equity Buyback for 1,500,000 shares, representing 0.63% for ¥2,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 0.63% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to maintain stable return of profits to shareholders. The repurchase program is valid till June 28, 2024. As of April 30, 2024, the company had 239,071,562 shares outstanding excluding treasury shares and had 3,452,566 shares in treasury.분석 기사 • Apr 11NOF (TSE:4403) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Mar 26NOF (TSE:4403) Has Announced A Dividend Of ¥56.00NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...Upcoming Dividend • Mar 21Upcoming dividend of JP¥56.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%).분석 기사 • Mar 11NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...공시 • Mar 09NOF Corporation to Report Fiscal Year 2024 Results on May 09, 2024NOF Corporation announced that they will report fiscal year 2024 results on May 09, 2024분석 기사 • Feb 26NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥56.00 per share on the 28th of June. This...공시 • Feb 20NOF Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 56.00 per share.Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥121 (vs JP¥103 in 3Q 2023)Third quarter 2024 results: EPS: JP¥121 (up from JP¥103 in 3Q 2023). Revenue: JP¥58.3b (up 7.9% from 3Q 2023). Net income: JP¥9.68b (up 15% from 3Q 2023). Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Feb 07NOF Corporation (TSE:4403) announces an Equity Buyback for 400,000 shares, representing 0.5% for ¥2,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.5% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to maintain stable return of profits to shareholders. The repurchase program is valid till March 31, 2024. As of January 31, 2024, the company had 79,984,827 shares outstanding excluding treasury shares and had 856,549 shares in treasury.공시 • Dec 09NOF Corporation to Report Q3, 2024 Results on Feb 07, 2024NOF Corporation announced that they will report Q3, 2024 results on Feb 07, 2024공시 • Nov 15+ 1 more updateNOF Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expects Net sales of JPY 220,000 million, Operating profit of JPY 40,000 million, Profit attributable to owners of parent of JPY 32,500 million and Basic earnings per share of JPY 404.01.Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥90.99 (vs JP¥91.97 in 2Q 2023)Second quarter 2024 results: EPS: JP¥90.99 (down from JP¥91.97 in 2Q 2023). Revenue: JP¥52.5b (up 1.5% from 2Q 2023). Net income: JP¥7.32b (down 2.5% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.공시 • Nov 02NOF Corporation (TSE:4403) announces an Equity Buyback for 600,000 shares, representing 0.75% for ¥3,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.75% of its issued share capital, for ¥3,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until January 31, 2024. As of October 31, 2023, the company had 80,425,532 issued shares (excluding treasury stock) and 2,415,844 shares in treasury.Buying Opportunity • Sep 22Now 21% undervaluedOver the last 90 days, the stock is up 2.3%. The fair value is estimated to be JP¥7,831, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.Board Change • Sep 21High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Managing Executive Officer, GM of Technology Headquarters & Director Kazuyoshi Yamauchi was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 21Upcoming dividend of JP¥54.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%).공시 • Sep 09NOF Corporation to Report Q2, 2024 Results on Nov 01, 2023NOF Corporation announced that they will report Q2, 2024 results on Nov 01, 2023공시 • Aug 18+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥112 (vs JP¥121 in 1Q 2023)First quarter 2024 results: EPS: JP¥112 (down from JP¥121 in 1Q 2023). Revenue: JP¥49.3b (down 5.3% from 1Q 2023). Net income: JP¥9.01b (down 9.3% from 1Q 2023). Profit margin: 18% (in line with 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.공시 • Jun 09NOF Corporation to Report Q1, 2024 Results on Aug 03, 2023NOF Corporation announced that they will report Q1, 2024 results on Aug 03, 2023공시 • May 24NOF Corporation Announces Management Changes, Effective June 27, 2023NOF Corporation announced the retirement of Kazuhito Maeda as Representative Director, Senior Executive Operating Officer; Tsuneharu Miyazaki as Director, Audit & Supervisory Committee Member; Hidefumi Ishiguro as Executive Operating Officer, General Manager of Explosives & Propulsion Div.; Hiroyuki Enomoto as Executive Operating Officer, General Manager of Corporate R&D Div. and Yasuhiko Kazumi as Operating Officer, General Manager of HR & General Affairs Dept., effective from Ordinary General Meeting of Shareholders and the Board of Directors meeting to be held on June 27, 2023.공시 • May 23+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.Reported Earnings • May 14Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥417 (up from JP¥324 in FY 2022). Revenue: JP¥217.7b (up 13% from FY 2022). Net income: JP¥34.0b (up 27% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year.공시 • May 13NOF Corporation, Annual General Meeting, Jun 27, 2023NOF Corporation, Annual General Meeting, Jun 27, 2023.이익 및 매출 성장 예측TSE:4403 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029309,00046,40043,10056,10013/31/2028321,50046,58022,82465,60053/31/2027296,48041,30013,91485,90053/31/2026257,96740,55021,47435,865N/A12/31/2025240,61234,435N/AN/AN/A9/30/2025236,97134,90023,66641,230N/A6/30/2025239,26334,060N/AN/AN/A3/31/2025238,31036,49712,63928,975N/A12/31/2024233,32335,606N/AN/AN/A9/30/2024230,92634,67615,29530,846N/A6/30/2024228,10736,024N/AN/AN/A3/31/2024222,25233,99012,22229,970N/A12/31/2023219,99534,133N/AN/AN/A9/30/2023215,70532,85915,27026,587N/A6/30/2023214,95033,049N/AN/AN/A3/31/2023217,70933,97317,11423,333N/A12/31/2022211,06131,296N/AN/AN/A9/30/2022206,32330,80319,74225,408N/A6/30/2022201,82130,196N/AN/AN/A3/31/2022192,64226,69019,97727,393N/A12/31/2021191,23928,448N/AN/AN/A9/30/2021186,72629,78123,95431,542N/A6/30/2021177,70325,993N/AN/AN/A3/31/2021172,64523,30224,74430,726N/A12/31/2020169,10922,342N/AN/AN/A9/30/2020170,13318,44917,76424,025N/A6/30/2020175,14119,787N/AN/AN/A3/31/2020180,91721,14020,12627,837N/A12/31/2019184,31121,394N/AN/AN/A9/30/2019185,87821,547N/A23,065N/A6/30/2019188,23122,014N/AN/AN/A3/31/2019189,15222,034N/A19,864N/A12/31/2018186,82721,433N/AN/AN/A9/30/2018186,46421,434N/A27,623N/A6/30/2018182,46020,853N/AN/AN/A3/31/2018179,93519,913N/A20,211N/A12/31/2017176,95017,742N/AN/AN/A9/30/2017174,31017,755N/A20,127N/A6/30/2017174,44617,279N/AN/AN/A3/31/2017174,05717,586N/A24,024N/A12/31/2016171,90216,343N/AN/AN/A9/30/2016171,50915,076N/A21,732N/A6/30/2016172,46814,819N/AN/AN/A3/31/2016170,46013,589N/A16,906N/A12/31/2015171,20113,781N/AN/AN/A9/30/2015168,62313,061N/A16,508N/A6/30/2015167,49912,550N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4403 의 연간 예상 수익 증가율(4%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: 4403 의 연간 수익(4%)이 JP 시장(9.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 4403 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 4403 의 수익(연간 4.1%)이 JP 시장(연간 6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 4403 의 수익(연간 4.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4403의 자본 수익률은 3년 후 14.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/06 15:43종가2026/06/05 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스NOF Corporation는 10명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takashi EnomotoBofA Global ResearchYusuke MiuraDaiwa Securities Co. Ltd.Makoto FukudaMarusan Securities Co. Ltd.7명의 분석가 더 보기
Price Target Changed • Dec 13Price target increased by 9.0% to JP¥3,760Up from JP¥3,450, the current price target is an average from 5 analysts. New target price is 14% above last closing price of JP¥3,284. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥167 for next year compared to JP¥154 last year.
Price Target Changed • Jul 29Price target increased by 12% to JP¥3,283Up from JP¥2,933, the current price target is an average from 3 analysts. New target price is 9.7% above last closing price of JP¥2,994. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥154 last year.
Price Target Changed • Jun 06Price target increased by 9.2% to JP¥2,933Up from JP¥2,687, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of JP¥2,681. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥154 last year.
공시 • Nov 15+ 1 more updateNOF Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expects Net sales of JPY 220,000 million, Operating profit of JPY 40,000 million, Profit attributable to owners of parent of JPY 32,500 million and Basic earnings per share of JPY 404.01.
공시 • Aug 18+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.
공시 • May 23+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.
Buy Or Sell Opportunity • May 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.9% to JP¥2,808. The fair value is estimated to be JP¥3,514, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period.
분석 기사 • May 18NOF's (TSE:4403) Solid Earnings May Rest On Weak FoundationsNOF Corporation's ( TSE:4403 ) stock didn't jump after it announced some healthy earnings. We did some digging and...
공시 • May 12NOF Corporation (TSE:4403) announces an Equity Buyback for 1,700,000 shares, representing 0.75% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,000 shares, representing 0.75% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till June 30, 2026. As of April 30, 2026, the company had 226,548,690 shares outstanding excluding treasury shares and had 9,975,438 shares in treasury.
Reported Earnings • May 12Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥176 (up from JP¥154 in FY 2025). Revenue: JP¥258.0b (up 8.2% from FY 2025). Net income: JP¥40.6b (up 11% from FY 2025). Profit margin: 16% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
공시 • May 11NOF Corporation, Annual General Meeting, Jun 26, 2026NOF Corporation, Annual General Meeting, Jun 26, 2026.
Buy Or Sell Opportunity • May 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥2,800. The fair value is estimated to be JP¥3,512, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%).
공시 • Mar 06NOF Corporation to Report Fiscal Year 2026 Results on May 11, 2026NOF Corporation announced that they will report fiscal year 2026 results on May 11, 2026
Buy Or Sell Opportunity • Mar 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.9% to JP¥2,888. The fair value is estimated to be JP¥3,760, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
Buy Or Sell Opportunity • Feb 16Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to JP¥2,918. The fair value is estimated to be JP¥3,670, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥44.28 (vs JP¥44.78 in 3Q 2025)Third quarter 2026 results: EPS: JP¥44.28 (down from JP¥44.78 in 3Q 2025). Revenue: JP¥64.3b (up 6.0% from 3Q 2025). Net income: JP¥10.1b (down 4.4% from 3Q 2025). Profit margin: 16% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 14+ 1 more updateNOF Corporation Revises Year End Dividend Guidance for the Fiscal Year Ending March 31, 2026NOF Corporation revised year end dividend guidance for the fiscal year ending March 31, 2026. For the year, the company revised dividend of JPY 35.00 per share compared to previous guidance of JPY 26.00 per share. Reason for revision: Recognizing that returning profits to its shareholders serves as an important managerial issue, the Company accordingly strives to maintain and increase its dividends while also taking a flexible approach to purchase and cancellation of its treasury shares. The Company has revised its year-end dividend forecast per share to JPY 35, an increase of JPY 9 from the previous forecast of JPY 26, upon having comprehensively taken into account factors that include the above policy, results released as of the date of this notice and the Company's financial status. As a result, total annual dividend per share will be JPY 61, for an increase of JPY 9 relative to the previously announced forecast and an increase of JPY 16 relative to the previous fiscal year.
분석 기사 • Feb 13NOF's (TSE:4403) Dividend Will Be ¥26.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of June. Even...
공시 • Feb 13NOF Corporation (TSE:4403) announces an Equity Buyback for 1,800,000 shares, representing 0.79% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 0.79% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till March 31, 2026. As of January 31, 2026, the company had 228,229,884 shares outstanding excluding treasury shares and had 8,294,244 shares in treasury.
분석 기사 • Jan 26Investors Appear Satisfied With NOF Corporation's (TSE:4403) ProspectsNOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 20.1x might make it look like a sell right now...
분석 기사 • Dec 18Does NOF (TSE:4403) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • Dec 13Price target increased by 9.0% to JP¥3,760Up from JP¥3,450, the current price target is an average from 5 analysts. New target price is 14% above last closing price of JP¥3,284. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥167 for next year compared to JP¥154 last year.
공시 • Dec 06NOF Corporation to Report Q3, 2026 Results on Feb 13, 2026NOF Corporation announced that they will report Q3, 2026 results on Feb 13, 2026
분석 기사 • Dec 02NOF's (TSE:4403) Dividend Will Be ¥26.00The board of NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of...
Declared Dividend • Dec 02First half dividend of JP¥26.00 announcedShareholders will receive a dividend of JP¥26.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Nov 23NOF Corporation to Report First Half, 2026 Results on Nov 28, 2025NOF Corporation announced that they will report first half, 2026 results on Nov 28, 2025
Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥29.56 (vs JP¥25.07 in 2Q 2025)Second quarter 2026 results: EPS: JP¥29.56 (up from JP¥25.07 in 2Q 2025). Revenue: JP¥53.1b (down 4.1% from 2Q 2025). Net income: JP¥6.81b (up 14% from 2Q 2025). Profit margin: 13% (up from 11% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Nov 06NOF Corporation (TSE:4403) announces an Equity Buyback for 2,000,000 shares, representing 0.87% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.87% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to further return profits to shareholders with Mid-Term Management Plan. The repurchase program is valid till December 31, 2025. As of October 31, 2025, the company had 229,944,904 shares outstanding excluding treasury shares and had 6,579,224 shares in treasury.
분석 기사 • Oct 29NOF (TSE:4403) Has Some Way To Go To Become A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
분석 기사 • Oct 12Is NOF Corporation (TSE:4403) Worth JP¥2.6k Based On Its Intrinsic Value?Key Insights The projected fair value for NOF is JP¥2,081 based on 2 Stage Free Cash Flow to Equity NOF's JP¥2,591...
Buy Or Sell Opportunity • Oct 06Now 24% overvaluedOver the last 90 days, the stock has fallen 8.1% to JP¥2,627. The fair value is estimated to be JP¥2,120, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 31% and the cash payout ratio is 87%. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).
분석 기사 • Sep 05NOF (TSE:4403) Will Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. The...
공시 • Sep 05NOF Corporation to Report Q2, 2026 Results on Nov 06, 2025NOF Corporation announced that they will report Q2, 2026 results on Nov 06, 2025
Reported Earnings • Aug 07First quarter 2026 earnings released: EPS: JP¥37.00 (vs JP¥46.30 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.00 (down from JP¥46.30 in 1Q 2025). Revenue: JP¥56.1b (up 1.7% from 1Q 2025). Net income: JP¥8.61b (down 22% from 1Q 2025). Profit margin: 15% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jul 29Price target increased by 12% to JP¥3,283Up from JP¥2,933, the current price target is an average from 3 analysts. New target price is 9.7% above last closing price of JP¥2,994. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥165 for next year compared to JP¥154 last year.
분석 기사 • Jul 23NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December...
분석 기사 • Jul 09NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. This...
Declared Dividend • Jul 09Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jun 06Price target increased by 9.2% to JP¥2,933Up from JP¥2,687, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of JP¥2,681. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥154 last year.
공시 • Jun 06NOF Corporation to Report Q1, 2026 Results on Aug 06, 2025NOF Corporation announced that they will report Q1, 2026 results on Aug 06, 2025
분석 기사 • Jun 01Unpleasant Surprises Could Be In Store For NOF Corporation's (TSE:4403) SharesNOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 16.4x might make it look like a sell right now...
분석 기사 • May 16NOF's (TSE:4403) Profits May Not Reveal Underlying IssuesNOF Corporation ( TSE:4403 ) just released a solid earnings report, and the stock displayed some strength. While the...
Reported Earnings • May 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥154 (up from JP¥141 in FY 2024). Revenue: JP¥238.3b (up 7.2% from FY 2024). Net income: JP¥36.5b (up 7.4% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
공시 • May 10NOF Corporation (TSE:4403) announces an Equity Buyback for 5,000,000 shares, representing 2.14% for ¥10,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.14% of its total shares outstanding excluding treasury shares, for a total of ¥10,000 million. The purpose of repurchase program is to further return profits to shareholders with an awareness of improving capital efficiency. The repurchase program is valid till September 30, 2025. As of April 30, 2025, the company had 233,648,368 shares outstanding excluding treasury shares and had 2,875,760 shares in treasury.
공시 • May 09NOF Corporation, Annual General Meeting, Jun 27, 2025NOF Corporation, Annual General Meeting, Jun 27, 2025.
분석 기사 • Apr 28These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%).
공시 • Mar 07NOF Corporation to Report Fiscal Year 2025 Results on May 09, 2025NOF Corporation announced that they will report fiscal year 2025 results on May 09, 2025
분석 기사 • Mar 03Returns On Capital At NOF (TSE:4403) Have Hit The BrakesIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Feb 13Third quarter 2025 earnings released: EPS: JP¥44.78 (vs JP¥40.24 in 3Q 2024)Third quarter 2025 results: EPS: JP¥44.78 (up from JP¥40.24 in 3Q 2024). Revenue: JP¥60.7b (up 4.1% from 3Q 2024). Net income: JP¥10.6b (up 9.6% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
공시 • Feb 12NOF Corporation (TSE:4403) announces an Equity Buyback for 2,500,000 shares, representing 1.06% for ¥5,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.06% 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 March 31, 2025. As of January 31, 2025, the company had 236,010,390 shares outstanding excluding treasury shares and had 6,513,738 shares in treasury.
분석 기사 • Dec 15NOF Corporation's (TSE:4403) Shareholders Might Be Looking For ExitIt's not a stretch to say that NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 15.1x right now...
공시 • Dec 06NOF Corporation to Report Q3, 2025 Results on Feb 12, 2025NOF Corporation announced that they will report Q3, 2025 results on Feb 12, 2025
Declared Dividend • Dec 03First half dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (13% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Nov 27Slowing Rates Of Return At NOF (TSE:4403) Leave Little Room For ExcitementIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥25.07 (vs JP¥30.33 in 2Q 2024)Second quarter 2025 results: EPS: JP¥25.07 (down from JP¥30.33 in 2Q 2024). Revenue: JP¥55.4b (up 5.4% from 2Q 2024). Net income: JP¥5.97b (down 18% from 2Q 2024). Profit margin: 11% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
공시 • Nov 08NOF Corporation Announces Interim Dividend for the Fiscal Year Ended March 31, 2024, Payable on December 2, 2024; Provided Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2025NOF Corporation announced interim dividend for the fiscal year ended March 31, 2024 and provided year-end dividend forecast for the fiscal year ending March 31, 2025. The company announced interim dividend of JPY 21.00 per share for the fiscal year ended March 31, 2024 compared to JPY 56.00 per share a year ago. Total dividends: JPY 5,000 million; Record date: September 30, 2024; Effective date: December 2, 2024. The company also decided to increase the year-end dividend per share by JPY 1 to JPY 21 from the previous forecast of JPY 20.
분석 기사 • Nov 08NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value EstimateKey Insights The projected fair value for NOF is JP¥4,555 based on 2 Stage Free Cash Flow to Equity NOF is estimated to...
공시 • Nov 07+ 1 more updateNOF Corporation (TSE:4403) announces an Equity Buyback for 2,500,000 shares, representing 1.05% for ¥5,000 million.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.
분석 기사 • Oct 24These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%).
분석 기사 • Sep 04Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%NOF Corporation ( TSE:4403 ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...
분석 기사 • Aug 27Returns At NOF (TSE:4403) Appear To Be Weighed DownFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥46.30 (vs JP¥37.29 in 1Q 2024)First quarter 2025 results: EPS: JP¥46.30 (up from JP¥37.29 in 1Q 2024). Revenue: JP¥55.1b (up 12% from 1Q 2024). Net income: JP¥11.0b (up 23% from 1Q 2024). Profit margin: 20% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,765, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 2.9% over the past three years.
Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 50% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.
분석 기사 • Jul 05Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)There wouldn't be many who think NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 15.7x is worth a...
분석 기사 • Jun 20Is NOF Corporation (TSE:4403) Trading At A 39% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, NOF fair value estimate is JP¥3,477 NOF is estimated to be 39...
공시 • Jun 10NOF Corporation to Report Q1, 2025 Results on Aug 07, 2024NOF Corporation announced that they will report Q1, 2025 results on Aug 07, 2024
공시 • May 23NOF Corporation Announces Executive Resignations, Effective as of June 27, 2024NOF Corporation announced that the Board of Directors decided at a meeting held on May 9, 2024 to make the following changes in its Executive Management. The changes will be effective as of June 27, 2024. The company announced that Operating Officers to retired as: Hideru Furukawa - Operating Officer,General Manager of Corporate Communications Dept. and Tomoaki Mori - Operating Officer,General Manager of Finance Dept.
Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥424 (up from JP¥139 in FY 2023). Revenue: JP¥222.3b (up 2.1% from FY 2023). Net income: JP¥34.0b (flat on FY 2023). Profit margin: 15% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • May 11NOF Corporation, Annual General Meeting, Jun 27, 2024NOF Corporation, Annual General Meeting, Jun 27, 2024.
공시 • May 10NOF Corporation (TSE:4403) announces an Equity Buyback for 1,500,000 shares, representing 0.63% for ¥2,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 0.63% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to maintain stable return of profits to shareholders. The repurchase program is valid till June 28, 2024. As of April 30, 2024, the company had 239,071,562 shares outstanding excluding treasury shares and had 3,452,566 shares in treasury.
분석 기사 • Apr 11NOF (TSE:4403) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Mar 26NOF (TSE:4403) Has Announced A Dividend Of ¥56.00NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥56.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%).
분석 기사 • Mar 11NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...
공시 • Mar 09NOF Corporation to Report Fiscal Year 2024 Results on May 09, 2024NOF Corporation announced that they will report fiscal year 2024 results on May 09, 2024
분석 기사 • Feb 26NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥56.00 per share on the 28th of June. This...
공시 • Feb 20NOF Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 56.00 per share.
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥121 (vs JP¥103 in 3Q 2023)Third quarter 2024 results: EPS: JP¥121 (up from JP¥103 in 3Q 2023). Revenue: JP¥58.3b (up 7.9% from 3Q 2023). Net income: JP¥9.68b (up 15% from 3Q 2023). Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Feb 07NOF Corporation (TSE:4403) announces an Equity Buyback for 400,000 shares, representing 0.5% for ¥2,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.5% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to maintain stable return of profits to shareholders. The repurchase program is valid till March 31, 2024. As of January 31, 2024, the company had 79,984,827 shares outstanding excluding treasury shares and had 856,549 shares in treasury.
공시 • Dec 09NOF Corporation to Report Q3, 2024 Results on Feb 07, 2024NOF Corporation announced that they will report Q3, 2024 results on Feb 07, 2024
공시 • Nov 15+ 1 more updateNOF Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expects Net sales of JPY 220,000 million, Operating profit of JPY 40,000 million, Profit attributable to owners of parent of JPY 32,500 million and Basic earnings per share of JPY 404.01.
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥90.99 (vs JP¥91.97 in 2Q 2023)Second quarter 2024 results: EPS: JP¥90.99 (down from JP¥91.97 in 2Q 2023). Revenue: JP¥52.5b (up 1.5% from 2Q 2023). Net income: JP¥7.32b (down 2.5% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.
공시 • Nov 02NOF Corporation (TSE:4403) announces an Equity Buyback for 600,000 shares, representing 0.75% for ¥3,000 million.NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.75% of its issued share capital, for ¥3,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until January 31, 2024. As of October 31, 2023, the company had 80,425,532 issued shares (excluding treasury stock) and 2,415,844 shares in treasury.
Buying Opportunity • Sep 22Now 21% undervaluedOver the last 90 days, the stock is up 2.3%. The fair value is estimated to be JP¥7,831, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.
Board Change • Sep 21High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Managing Executive Officer, GM of Technology Headquarters & Director Kazuyoshi Yamauchi was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥54.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%).
공시 • Sep 09NOF Corporation to Report Q2, 2024 Results on Nov 01, 2023NOF Corporation announced that they will report Q2, 2024 results on Nov 01, 2023
공시 • Aug 18+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.
Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥112 (vs JP¥121 in 1Q 2023)First quarter 2024 results: EPS: JP¥112 (down from JP¥121 in 1Q 2023). Revenue: JP¥49.3b (down 5.3% from 1Q 2023). Net income: JP¥9.01b (down 9.3% from 1Q 2023). Profit margin: 18% (in line with 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
공시 • Jun 09NOF Corporation to Report Q1, 2024 Results on Aug 03, 2023NOF Corporation announced that they will report Q1, 2024 results on Aug 03, 2023
공시 • May 24NOF Corporation Announces Management Changes, Effective June 27, 2023NOF Corporation announced the retirement of Kazuhito Maeda as Representative Director, Senior Executive Operating Officer; Tsuneharu Miyazaki as Director, Audit & Supervisory Committee Member; Hidefumi Ishiguro as Executive Operating Officer, General Manager of Explosives & Propulsion Div.; Hiroyuki Enomoto as Executive Operating Officer, General Manager of Corporate R&D Div. and Yasuhiko Kazumi as Operating Officer, General Manager of HR & General Affairs Dept., effective from Ordinary General Meeting of Shareholders and the Board of Directors meeting to be held on June 27, 2023.
공시 • May 23+ 2 more updatesNOF Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024NOF Corporation provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of ¥230,000 million, an Operating profit of ¥37,000 million, Profit attributable to owners of the parent of ¥28,400 million or ¥351.54 basic per share.
Reported Earnings • May 14Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥417 (up from JP¥324 in FY 2022). Revenue: JP¥217.7b (up 13% from FY 2022). Net income: JP¥34.0b (up 27% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year.
공시 • May 13NOF Corporation, Annual General Meeting, Jun 27, 2023NOF Corporation, Annual General Meeting, Jun 27, 2023.