Freund Corporation Reports Consolidated and Non- Consolidated Earnings Results for the Year Ended February 29, 2020; Announces Dividend for the Year Ended February 29, 2020, Payable on May 29, 2020; Provides Earnings Guidance for the Fiscal Year Ending February 28, 2021
For the fiscal year ending February 28, 2021, the company expects net sales of ¥17,800 million, Operating profit of ¥1,000 million, Profit attributable to owners of parent of ¥700 million or ¥41.80 per share.
For the period, the company has posted non-consolidated net sales of ¥11,908 million against ¥13,114 million a year ago. Operating profit was ¥534 million against ¥1,180 million a year ago. Profit attributable to owners of parent was ¥361 million against ¥907 million a year ago. Net income per share was ¥21.56 against ¥53.94 a year ago.
The company announced a year end dividend of JPY 20 per share for the year ended February 29, 2020. Scheduled date of payment of dividend is May 29, 2020.