NOF CORPORATION
4403・Prime Market・Chemicals
Governance
As a company with an audit and supervisory committee, the board of directors is composed of 10 members (of which 5 are outside directors), and the audit and supervisory committee, in which independent outside directors hold a majority, is responsible for oversight and auditing. The company has voluntarily established a Nomination Committee and a Compensation Committee (both chaired by, and with a majority of members being, independent outside directors), working to strengthen the effectiveness of its governance.
Risk Management
The Risk Management Committee conducts a company-wide risk assessment once every two years, and has established a system in which risks such as climate change and human capital are monitored in coordination with specialized committees including the RC Committee, the Compliance Committee, and the Quality Control Committee, with reports made to the Board of Directors.
Shareholder Returns
Basic policy is to maintain and continue stable dividends, targeting a total payout ratio of approximately 50%. For FY2026 (ending March 2026), the annual dividend is planned at ¥61 (interim ¥26, year-end ¥35), with total dividends of ¥13,907 million and a payout ratio of 34.6%. For FY2027 (ending March 2027), the annual dividend is planned at ¥70 (¥35 interim, ¥35 year-end). As a subsequent event, the company resolved to acquire treasury shares up to 1,700,000 shares and ¥5,000 million.
Dividend Policy
The basic policy is to maintain and continue stable profit distribution, with interim and year-end dividends paid twice a year. In the final year of the 2025 Medium-Term Management Plan (fiscal 2025), the company targets a total payout ratio of approximately 50%, implementing share buybacks in addition to dividends as necessary. The company will continue to pursue stable profit distribution under the subsequent "2028 Medium-Term Management Plan" as well. Retained earnings will be allocated to capital expenditure for growth, R&D investment, and strengthening the financial structure.
ESG
The company has established sustainability governance centered on a CSR Committee chaired by the President, endorsing the TCFD and TNFD recommendations and setting a carbon neutrality target for 2050, along with a target to reduce domestic group GHG emissions by 40% by FY2030 compared to FY2013 levels. In terms of human capital, the company has set KPIs for expanding investment in talent development, promoting women's participation, and improving employee engagement, and has also introduced an ESG-linked compensation system.
Last updated: July 16, 2026