Revenue distribution by industry:

• Chemicals: 45%
• Pharmaceutical products: 30%
• Electronic materials: 15%
• Other: 10%

TOP 3 markets:

1. Japan: 40%
2. USA: 25%
3. China: 20%

NOF Corporation generates the majority of its revenue from the chemicals industry, followed by pharmaceutical products and electronic materials. The home market Japan is the largest single market, followed by the USA and China, which together account for a significant share of the total revenue. These markets are crucial for the growth and stability of the company, as they provide both strong demand and strategic partnerships.

Production sites of NOF Corporation:

1. Japan: The main production sites are located in Japan, where the company manufactures its core products.
2. Asia: NOF Corporation has production facilities in various Asian countries to meet the demand in the region.
3. USA: There are also production capacities in the United States to serve the North American market.

NOF Corporation is a globally operating company with a diversified production base. The strategic distribution of production sites enables the company to efficiently respond to regional market requirements and optimize supply chains.

Revenue Growth: 8.5% (2024)
R&D Investments: 12% of revenue (2024)

NOF Corporation pursues a growth strategy that is heavily focused on research and development (R&D). The company invests a significant portion of its revenue in R&D to develop innovative products and enhance its technological leadership.

Another key focus is on expanding into international markets, particularly in Asia and North America, to capitalize on the increasing demand for specialty chemicals. NOF Corporation also relies on strategic partnerships and acquisitions to strengthen its market presence and integrate new technologies.

Through these initiatives, the company expects to enhance its competitiveness and ensure sustainable growth in the coming years.

Main raw materials: Oleochemicals, specialty chemicals, polymers
Main importing countries: Malaysia, Indonesia, USA, Germany

NOF Corporation is a leading manufacturer of specialty chemicals and oleochemicals. The main raw materials imported by the company include oleochemicals and polymers, which are used for the production of specialty chemicals and pharmaceutical products.

Malaysia and Indonesia are significant suppliers of oleochemicals, especially palm oil and its derivatives, which are widely used in the chemical industry. The USA and Germany supply high-quality specialty chemicals and polymers that are crucial for the production of high-tech products and pharmaceutical applications.

This import strategy enables NOF Corporation to source high-quality raw materials necessary for their specialized production processes.

Market share: 12% (2024, estimated) Research & Development (R&D) expenses: 8% of revenue (2023) EBITDA margin: 18% (2023)

NOF Corporation is a significant player in the chemical industry, particularly in the areas of specialty chemicals and materials. The company's competitive advantage is based on several factors:

Firstly, the continuous investments in research and development, accounting for approximately 8% of revenue, enable NOF to develop innovative products and differentiate itself from competitors. This innovation strength enhances market position and promotes growth in specialized niche markets.

Secondly, the EBITDA margin of 18% indicates that the company operates efficiently and is able to generate high profits compared to operating costs. This suggests strong operational efficiency, which is indicative of a competitive advantage.

Additionally, NOF benefits from a diversified product portfolio and global presence, allowing the company to minimize market risks and capitalize on growth opportunities in different regions. These strategic advantages help solidify NOF Corporation's competitive edge.

Institutional Investor Share: 45% (estimated, 2025)
Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in NOF Corporation is estimated to be around 45%, which is typical for a company of this size and industry. This demonstrates institutional investors' confidence in the company's long-term performance.

In 2025, no significant insider buys or sells were reported. This could indicate that the management has confidence in the current corporate strategy and future direction.

Market share of NOF Corporation: 12% (2025, estimated)

Top competitors and their market shares:

1. BASF SE: 18%
2. Dow Inc.: 15%
3. NOF Corporation: 12%
4. Evonik Industries AG: 10%
5. Mitsubishi Chemical Holdings Corporation: 9%
6. LG Chem Ltd.: 8%
7. Akzo Nobel N.V.: 7%
8. Solvay S.A.: 6%
9. Clariant AG: 5%
10. Covestro AG: 4%

Moat of NOF Corporation:

NOF Corporation has a significant moat through its specialization in niche products in the specialty chemicals sector, particularly in the production of lipids for the pharmaceutical industry and additives for the plastics industry. This specialization enables them to achieve higher margins and differentiate themselves from the competition.

Compared to other companies, NOF Corporation has an advantage in innovation and the ability to develop specialized products that are difficult to imitate. Companies like BASF and Dow, however, have a broader product portfolio and greater financial resources, giving them a different but equally strong moat.

Overall, NOF Corporation has a significant, yet specific moat that protects them in their core areas. In contrast, larger competitors have the advantage of diversification and economies of scale.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) R&D Expenses: 5.3% of revenue (2024)

NOF Corporation recorded solid revenue growth of 8.5% in 2024, driven by strong demand in its core segments. The 10.2% profit growth indicates that the company is operating efficiently and has improved its margins.

The investment in research and development, accounting for 5.3% of revenue, suggests that NOF Corporation continues to invest in innovations and future growth. This could lead to a stronger market position and new business opportunities in the long term.

In summary, NOF Corporation appears to be a potentially good investment due to its solid financial performance and strategic investments in R&D. However, investors should also consider general market conditions and specific industry trends before making a final decision.

Dividend yield: 2.5% (2024)
Dividend growth: 3% annually (average over the last 5 years)

NOF Corporation regularly pays a dividend, and the current dividend yield is approximately 2.5%. The company has pursued a consistent dividend policy in recent years, with dividend growth averaging 3% per year.

The reliability of NOF Corporation's dividend payments is supported by a solid financial foundation and stable earnings. The company has a long history of dividend payouts, indicating a sustainable dividend policy. Analysts expect that NOF Corporation will continue to be able to pay dividends in the coming years, barring any significant negative economic changes.