Tranche Update on NOF Corporation's Equity Buyback Plan announced on December 17, 2018.
January 21, 2019 at 02:00 am
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From January 1, 2019 to January 18, 2019, the company has repurchased 880,500 shares, representing 1.03% for ¥3,263.22 million. With this, the company has completed the repurchase of 1,073,100 shares, representing 1.26% for ¥4,000 million under the buyback announced on December 17, 2018.
NOF CORPORATION is mainly engaged in the functional chemical products business, life science business and others. The Company operates in three segments. The Functional Chemical segment is engaged in the manufacture and sale of fatty acids, fatty acid derivatives, surfactants, ethylene oxide and propylene oxide derivatives, organic peroxides, petroleum chemicals, functional polymers, functional films, electronic materials and special rust prevention agents, as well as the rust prevention processing. The Life Science segment is engaged in the manufacture and sale of drug formulation materials for drug delivery systems (DDSs), edible oils and fats and health food products, among others. The Chemical segment is engaged in the manufacture and sale of industrial explosives, defense-related items, space-related products. The Company also operates in transportation business and real estate business.