NOF Corporation

NOF Corporation

TTSE:4403
2,822.00
JPY
-1.50
(-0.05%)
702.17BMarket Cap
Nov 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
585.15
618.44
638.96
667.3
695.65
741.93
718.09
692.71
778.95
890.78
923.08
1,004.77
1,121.82
- -
Basic EPS, GAAP
35.4
43.16
50.94
67.42
76.99
86.43
83.91
93.5
107.92
139
141.17
153.88
176.34
- -
Free Cash Flow per Basic Share
32.3
22.85
43.42
71.73
54.13
54.58
79.88
99.28
80.78
70.02
50.76
53.29
93.38
- -
Dividend per Share
7.98
8.7
10.69
13.4
16.67
25.31
28.3
25.94
27.98
32.39
38.04
40.45
50.21
- -
Book Value per Share
407.02
482.97
507.49
584.47
660.03
702.92
713.66
816.19
896.87
986.84
1,109
1,192.67
1,304.33
- -
Tangible Book Value per Share
403.97
480.08
504.8
582.18
656.04
698.35
709.45
812.21
893.03
982.1
1,099.94
1,184.32
1,295.86
- -
Basic Weighted Avg Shares
275
271
267
261
259
255
252
249
247
244
241
237
230
229
Sales/Revenue/Turnover
160,963
167,697
170,460
174,057
179,935
189,152
180,917
172,645
192,642
217,709
222,252
238,310
257,967
- -
Operating Margin (%)
9.54
10.19
11.36
13.98
14.35
15.04
14.85
15.41
18.48
18.66
18.96
19.01
18.38
- -
Depreciation Expense
5,696
4,679
4,998
4,767
4,911
5,038
5,304
5,553
5,909
6,359
6,939
7,965
22,116
- -
Net Income, GAAP
9,737
11,703
13,589
17,586
19,913
22,034
21,140
23,302
26,690
33,973
33,990
36,497
40,550
- -
Effective Tax Rate (%)
33.95
33.57
30.51
28.81
30.23
28.1
29.98
31.65
29.64
29.19
29.72
27.91
29.08
- -
Profit Margin (%)
6.05
6.98
7.97
10.1
11.07
11.65
11.68
13.5
13.85
15.6
15.29
15.31
15.72
- -
Working Capital
39,606
41,762
54,984
61,236
69,306
85,060
94,001
106,816
122,854
142,152
150,734
153,653
150,584
- -
LT Debt
8,341
3,206
8,211
5,357
3,210
8,299
8,348
3,217
702
2,510
3,305
2,481
2,516
- -
Total Equity
112,621
131,312
135,635
152,564
169,571
178,284
178,715
203,514
221,704
240,000
265,906
279,549
296,464
- -
Return on Invested Capital (%)
8.25
8.31
9.1
10.95
10.26
10.85
9.77
8.82
11.06
11.82
11.14
11.45
11.05
- -
Return on Capital (%)
8.2
8.85
9.48
11.45
11.71
12.01
11.24
11.61
12.12
14.4
13.18
13.13
13.83
- -
Return on Common Equity (%)
9.06
9.66
10.24
12.27
12.42
12.73
11.9
12.24
12.6
14.77
13.48
13.43
14.13
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
1,783
2,623
- -
LT Borrowings
2,494
1,961
- -
LT Finance Leases
- -
555
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
230
226
225
Market Capitalization
594,572
702,174
593,074

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
216,973
236,825
- -
Cash, Cash Equivalents & STI
91,733
88,364
- -
Accounts Receivable, Net
49,842
74,776
- -
Inventories
66,590
64,326
- -
Total Current Liabilities
72,821
86,241
- -
Payables & Accruals
- -
- -
- -
ST Debt
1,783
2,623
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.21%
7.83%
6.05%
Free Cash Flow
11.45%
2.23%
69.9%
Net Income, GAAP
11.98%
12.07%
11.11%
Sales/Revenue/Turnover
4.38%
8.43%
8.25%
Total Cash Common Dividend
15.9%
12.45%
20.36%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
238,310
2026
- -
- -
- -
- -
257,967
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
153.88
2026
- -
- -
- -
- -
176.34
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
40.45
2026
- -
- -
- -
- -
50.21
2027
- -
- -
- -
- -
- -

Company Description

CEO
Koji Sawamura
Full Time Employees
4,155
Sector
Process industries
Industry
Chemicals: specialty
Address
Yebisu Garden Place Tower Tokyo TY Japan 150-6012
IPO Date
Sep 1, 1949
Website
nof.co.jp
Business
NOF Corporation, a diversified chemical manufacturer founded in 1937 and headquartered at Yebisu Garden Place Tower in Tokyo, Japan, engages in the development and production of functional materials, life science products, explosives and propulsion systems, and functional foods across Japan, North America, Europe, Southeast Asia, and China. The company operates through three primary segments offering fatty acids and derivatives, surfactants, ethylene oxide and propylene oxide derivatives, organic peroxides, functional polymers, functional films, petrochemical products, electronic materials, special corrosion prevention agents, edible oils, functional foods, activated PEG, functional lipids, surfactants for drugs, biocompatible materials, plant-derived ingredients, MPC polymers and monomers, industrial explosives, solid propellants, pyrotechnic devices, gun propellants, rocket propellants, guided missile assemblies, anti-freezing agents, and temperature and sterilization indicators; it also provides drug delivery solutions including linear and branched hetero-activated PEGs, single molecule PEG linkers for antibody drug conjugates, phospholipids nanoparticle formulations, SS-cleavable lipids such as the proprietary COATSOME SS-Series for nucleic acid and gene delivery, and ultra-purity Polysorbates 80 for antibody derivatives. Geographically, NOF maintains key production sites including the Daishi Plant, Oita Works, Aichi Works, and Tsukuba research facilities in Japan, alongside subsidiaries like NOF Metal Coatings North America Inc., NOF Europe GmbH, PT. NOF MAS Chemical Industries in Indonesia, and Changshu NOF Chemical Co., Ltd. in China. Recent developments include the 2024 strategic investment as a minority shareholder in Phosphorex LLC to enhance cGMP capabilities in nanoparticle-based drug delivery and strengthen its position in lipid nanoparticle technologies; the April 2024 acquisition of Hokkaido NOF Corporation by subsidiary Nippon Koki Co., Ltd.; the June 2024 establishment of new Oita Works with LS Oita Plant and LS Aichi Plant; and the April 2023 reorganization consolidating the Oleo & Specialty Chemicals and Functional Chemicals & Polymers divisions into Functional Materials, alongside merging Life Science Products and DDS Development into the Life Science Division.