Freund Corporation announced consolidated earnings results for the first quarter ended May 31, 2020. For the quarter, the company reported net sales of JPY 3,076 million compared to JPY 2,878 million a year ago. Operating loss was JPY 165 million compared to JPY 214 million a year ago. Loss attributable to owners of parent was JPY 121 million compared toJPY 158 million a year ago. Net loss per share was JPY 7.28 compared to loss of JPY 9.44 per share a year ago. Ordinary loss was JPY 154 million against profit of JPY 217 million a year ago.