NOF Corporation

TSE:4403 Stock Report

Market Cap: JP¥620.6b

NOF Dividends and Buybacks

Dividend criteria checks 5/6

NOF is a dividend paying company with a current yield of 2.55% that is well covered by earnings. Next payment date is on 1st December, 2026 with an ex-dividend date of 29th September, 2026.

Key information

2.5%

Dividend yield

3.2%

Buyback Yield

Total Shareholder Yield5.8%
Future Dividend Yield2.8%
Dividend Growth12.8%
Next dividend pay date01 Dec 26
Ex dividend date29 Sep 26
Dividend per sharen/a
Payout ratio35%

Recent dividend and buyback updates

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...

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...

Upcoming Dividend Payment

TodayJul 26 2026Ex Dividend DateSep 29 2026Dividend Pay DateDec 01 202663 days from Ex DividendBuy in the next 64 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 4403's dividends per share have been stable in the past 10 years.

Growing Dividend: 4403's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

NOF Dividend Yield vs Market
How does 4403 dividend yield compare to the market?
SegmentDividend Yield
Company (4403)2.5%
Market Bottom 25% (JP)1.8%
Market Top 25% (JP)3.8%
Industry Average (Chemicals)2.1%
Analyst forecast (4403) (up to 3 years)2.8%

Notable Dividend: 4403's dividend (2.55%) is higher than the bottom 25% of dividend payers in the JP market (1.82%).

High Dividend: 4403's dividend (2.55%) is low compared to the top 25% of dividend payers in the JP market (3.84%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.6%), 4403's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (73.6%), 4403's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/26 21:39
End of Day Share Price 2026/07/24 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. 6 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.