Freund Corporation announced consolidated earnings results for the six months ended August 31, 2019. For the period, the company reported net sale of JPY 6,817 million against JPY 9,117 million for the same period last year.
Operating profit was JPY 3 million against JPY 592 million for the same period last year. Ordinary profit was JPY 6 million against JPY 684 million for the same period last year. Loss attributable to owners of parent was JPY 7 million against JPY profit attributable to owners of parent of 466 million for the same period last year. Net loss per share was JPY 0.46 against net income per share of JPY 27.60 for the same period last year.

For the year ending February 29, 2020, the company expects net sales of JPY 17,500 million, operating profit of JPY 1,000 million, ordinary profit of JPY 1,000 million, profit attributable to owners of parent of JPY 700 million and net income per share of JPY 41.80.