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.