TSE:4403Chemicals
NOF (TSE:4403) Is Up 6.7% After Announcing Share Buyback and Upgrading Earnings Outlook – Has the Bull Case Changed?
NOF Corporation recently announced a share repurchase program to buy back up to 2,000,000 shares, or 0.87% of its outstanding stock, for a total cost of ¥5,000 million, alongside an upward revision of its earnings and dividend forecasts for the current fiscal year.
This move aligns with NOF's Mid-Term Management Plan and showcases the company's focus on delivering stable shareholder returns even as it reports mixed segment performance.
We’ll examine how the share buyback and enhanced...