Freund Corporation announced consolidated earnings results for the nine months ended November 30, 2019. For the period, the company reported net sales of JPY 11,110 million against JPY 13,243 million for the same period last year. Operating profit was JPY 93 million against JPY 670 million for the same period last year. Ordinary profit was JPY 111 million against JPY 770 million for the same period last year. Profit attributable to owners of parent was JPY 37 million against JPY 523 million for the same period last year. Net income per share was JPY 2.25 against JPY 31.08 for the same period last year.

For fiscal Year Ending February 29, 2020, the company expects net sales of JPY 17,000 million, operating profit of JPY 600 million, ordinary profit of JPY 600 million, Profit attributable to owners of parent of JPY 350 million and Net income per share of JPY 20.90.