NOF Corporation

TSE:4403 Stock Report

Market Cap: JP¥603.6b

NOF Past Earnings Performance

Past criteria checks 2/6

NOF has been growing earnings at an average annual rate of 10.7%, while the Chemicals industry saw earnings growing at 7.5% annually. Revenues have been growing at an average rate of 7.3% per year. NOF's return on equity is 12.2%, and it has net margins of 14.2%.

Key information

10.74%

Earnings growth rate

11.90%

EPS growth rate

Chemicals Industry Growth6.58%
Revenue growth rate7.28%
Return on equity12.21%
Net Margin14.24%
Next Earnings Update06 Nov 2025

Recent past performance updates

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

May 16
NOF's (TSE:4403) Profits May Not Reveal Underlying Issues

Recent updates

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

Sep 05
NOF (TSE:4403) Will Pay A Dividend Of ¥24.00

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

Jul 23
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00

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

Jul 09
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥24.00

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

Jun 01
Unpleasant Surprises Could Be In Store For NOF Corporation's (TSE:4403) Shares

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

May 16
NOF's (TSE:4403) Profits May Not Reveal Underlying Issues

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

Apr 28
These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

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

Mar 03
Returns On Capital At NOF (TSE:4403) Have Hit The Brakes

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

Dec 15
NOF Corporation's (TSE:4403) Shareholders Might Be Looking For Exit

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

Nov 27
Slowing Rates Of Return At NOF (TSE:4403) Leave Little Room For Excitement

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

Nov 08
NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value Estimate

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

Oct 24
These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%

Sep 04
Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%

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

Aug 27
Returns At NOF (TSE:4403) Appear To Be Weighed Down

Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)

Jul 05
Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)

Is NOF Corporation (TSE:4403) Trading At A 39% Discount?

Jun 20
Is NOF Corporation (TSE:4403) Trading At A 39% Discount?

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

Apr 11
NOF (TSE:4403) Seems To Use Debt Rather Sparingly

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

Mar 26
NOF (TSE:4403) Has Announced A Dividend Of ¥56.00

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

Mar 11
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

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

Feb 26
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

Revenue & Expenses Breakdown

How NOF makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:4403 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 25239,26334,06040,9080
31 Mar 25238,31036,49732,8147,031
31 Dec 24233,32335,60639,1950
30 Sep 24230,92634,67632,2256,333
30 Jun 24228,10736,02437,8400
31 Mar 24222,25233,99031,0156,333
31 Dec 23219,99534,13330,8475,697
30 Sep 23215,70532,85930,4705,697
30 Jun 23214,95033,04930,0465,697
31 Mar 23217,70933,97329,6215,697
31 Dec 22211,06131,29629,7065,182
30 Sep 22206,32330,80329,2285,182
30 Jun 22201,82130,19628,7925,182
31 Mar 22192,64226,69028,1515,182
31 Dec 21191,23928,44827,7074,873
30 Sep 21186,72629,78126,9944,873
30 Jun 21177,70325,99326,1734,873
31 Mar 21172,64523,30225,9104,873
31 Dec 20169,10922,34225,3225,181
30 Sep 20170,13318,44925,6375,181
30 Jun 20175,14119,78726,2055,181
31 Mar 20180,91721,14026,5495,181
31 Dec 19184,31121,39426,8805,438
30 Sep 19185,87821,54726,9935,438
30 Jun 19188,23122,01427,0805,438
31 Mar 19189,15222,03427,0055,438
31 Dec 18186,82721,43326,7065,577
30 Sep 18186,46421,43426,5985,577
30 Jun 18182,46020,85326,3595,577
31 Mar 18179,93519,91326,2305,577
31 Dec 17176,95017,74226,2755,539
30 Sep 17174,31017,75526,0195,539
30 Jun 17174,44617,27925,9155,539
31 Mar 17174,05717,58625,9135,539
31 Dec 16171,90216,34325,6025,642
30 Sep 16171,50915,07625,6955,642
30 Jun 16172,46814,81925,5885,642
31 Mar 16170,46013,58925,4745,642
31 Dec 15171,20113,78125,0005,575
30 Sep 15168,62313,06124,8105,575
30 Jun 15167,49912,55024,5355,575
31 Mar 15167,69711,70324,5525,575
31 Dec 14166,98710,52924,1615,587

Quality Earnings: 4403 has high quality earnings.

Growing Profit Margin: 4403's current net profit margins (14.2%) are lower than last year (15.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 4403's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: 4403's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4403 had negative earnings growth (-5.5%) over the past year, making it difficult to compare to the Chemicals industry average (3.1%).

Return on Equity

High ROE: 4403's Return on Equity (12.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/07 17:03
End of Day Share Price 2025/10/07 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

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 12 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
null nullCompany Forecast
Yusuke MiuraDaiwa Securities Co. Ltd.