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NOF CorporationTSE:4403 Stock Report

Market Cap JP¥605.0b
Share Price
JP¥2.68k
JP¥3.82k
29.9% undervalued intrinsic discount
1Y2.9%
7D-4.9%
1D
Portfolio Value
View

NOF Corporation

TSE:4403 Stock Report

Market Cap: JP¥605.0b

4403 Community Fair Values

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NOF Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for NOF
Historical stock prices
Current Share PriceJP¥2,679.50
52 Week HighJP¥3,400.00
52 Week LowJP¥2,512.50
Beta0.37
1 Month Change-17.22%
3 Month Change-9.84%
1 Year Change2.86%
3 Year Change32.21%
5 Year Change41.77%
Change since IPO378.48%

Recent News & Updates

Analysis Article May 18

NOF's (TSE:4403) Solid Earnings May Rest On Weak Foundations

NOF Corporation's ( TSE:4403 ) stock didn't jump after it announced some healthy earnings. We did some digging and...

Recent updates

Analysis Article May 18

NOF's (TSE:4403) Solid Earnings May Rest On Weak Foundations

NOF Corporation's ( TSE:4403 ) stock didn't jump after it announced some healthy earnings. We did some digging and...
Analysis Article Feb 13

NOF's (TSE:4403) Dividend Will Be ¥26.00

NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of June. Even...
Analysis Article Jan 26

Investors Appear Satisfied With NOF Corporation's (TSE:4403) Prospects

NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 20.1x might make it look like a sell right now...
Analysis Article Dec 18

Does 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...
Analysis Article Dec 02

NOF's (TSE:4403) Dividend Will Be ¥26.00

The board of NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥26.00 per share on the 30th of...
Analysis Article Oct 29

NOF (TSE:4403) Has Some Way To Go To Become A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article Oct 12

Is 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...
Analysis Article Sep 05

NOF (TSE:4403) Will Pay A Dividend Of ¥24.00

NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. The...
Analysis Article Jul 23

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00

NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December...
Analysis Article Jul 09

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00

NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of December. This...
Analysis Article Jun 01

Unpleasant Surprises Could Be In Store For NOF Corporation's (TSE:4403) Shares

NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 16.4x might make it look like a sell right now...
Analysis Article May 16

NOF's (TSE:4403) Profits May Not Reveal Underlying Issues

NOF Corporation ( TSE:4403 ) just released a solid earnings report, and the stock displayed some strength. While the...
Analysis Article Apr 28

These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Mar 03

Returns On Capital At NOF (TSE:4403) Have Hit The Brakes

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Dec 15

NOF Corporation's (TSE:4403) Shareholders Might Be Looking For Exit

It's not a stretch to say that NOF Corporation's ( TSE:4403 ) price-to-earnings (or "P/E") ratio of 15.1x right now...
Analysis Article Nov 27

Slowing Rates Of Return At NOF (TSE:4403) Leave Little Room For Excitement

If 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...
Analysis Article Nov 08

NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for NOF is JP¥4,555 based on 2 Stage Free Cash Flow to Equity NOF is estimated to...
Analysis Article Oct 24

These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Sep 04

Earnings 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...
Analysis Article Aug 27

Returns At NOF (TSE:4403) Appear To Be Weighed Down

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jul 05

Risks 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...
Analysis Article Jun 20

Is 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...
Analysis Article Apr 11

NOF (TSE:4403) Seems To Use Debt Rather Sparingly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Mar 26

NOF (TSE:4403) Has Announced A Dividend Of ¥56.00

NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...
Analysis Article Mar 11

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

NOF Corporation's ( TSE:4403 ) investors are due to receive a payment of ¥56.00 per share on 28th of June. This means...
Analysis Article Feb 26

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

NOF Corporation ( TSE:4403 ) has announced that it will pay a dividend of ¥56.00 per share on the 28th of June. This...

Shareholder Returns

4403JP ChemicalsJP Market
7D-4.9%-0.5%0.1%
1Y2.9%53.1%42.2%

Return vs Industry: 4403 underperformed the JP Chemicals industry which returned 53.1% over the past year.

Return vs Market: 4403 underperformed the JP Market which returned 42.2% over the past year.

Price Volatility

Is 4403's price volatile compared to industry and market?
4403 volatility
4403 Average Weekly Movement6.1%
Chemicals Industry Average Movement6.0%
Market Average Movement4.9%
10% most volatile stocks in JP Market9.6%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 4403 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 4403's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19373,997Koji Sawamurawww.nof.co.jp

NOF Corporation manufactures chemicals in Japan. It operates through Functional Chemicals, Pharmaceuticals, Medicals and Health, and Explosive & Propulsion segments. The Functional Chemicals segment offers fatty acids and derivatives, surfactants, ethylene oxide and propylene oxide derivatives, organic peroxides, functional polymers, functional films, petrochemical products, and electronic materials, as well as special anti-corrosion prevention agents.

NOF Corporation Fundamentals Summary

How do NOF's earnings and revenue compare to its market cap?
4403 fundamental statistics
Market capJP¥605.03b
Earnings (TTM)JP¥40.55b
Revenue (TTM)JP¥257.97b
15.0x
P/E Ratio
2.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4403 income statement (TTM)
RevenueJP¥257.97b
Cost of RevenueJP¥168.87b
Gross ProfitJP¥89.09b
Other ExpensesJP¥48.54b
EarningsJP¥40.55b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)179.08
Gross Margin34.54%
Net Profit Margin15.72%
Debt/Equity Ratio1.5%

How did 4403 perform over the long term?

See historical performance and comparison

Dividends

2.6%
Current Dividend Yield
35%
Payout Ratio

Does 4403 pay a reliable dividends?

See 4403 dividend history and benchmarks
When do you need to buy 4403 by to receive an upcoming dividend?
NOF dividend dates
Ex Dividend DateMar 30 2026
Dividend Pay DateJun 29 2026
Days until Ex dividend66 days
Days until Dividend pay date25 days

Does 4403 pay a reliable dividends?

See 4403 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 14:14
End of Day Share Price 2026/06/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NOF Corporation is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takashi EnomotoBofA Global Research
Yusuke MiuraDaiwa Securities Co. Ltd.
Makoto FukudaMarusan Securities Co. Ltd.