Freund Corporation reported consolidated and non-consolidated earnings results for the year ended February 28, 2019. For the year, the company reported net sales of JPY 18,408 million against JPY 19,801 million a year ago. Operating income was JPY 1,223 million against JPY 1,971 million a year ago. Ordinary income was JPY 1,326 million against JPY 1,994 million a year ago. Profit attributable to owners of parent was JPY 843 million or JPY 50.15 per share against JPY 1,477 million or JPY 86.69 per share a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 13,114 million against JPY 14,282 million a year ago. Operating income was JPY 1,180 million against JPY 1,729 million a year ago. Ordinary income was JPY 1,290 million against JPY 1,945 million a year ago. Profit attributable to owners of parent was JPY 907 million or JPY 53.94 per share against JPY 1,501 million or JPY 87.06 per share a year ago.

For the fiscal year ending February 28, 2019, the company expects net sales of JPY 17,500 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million and profit attributable to owners of parent of 700 million or JPY 41.80 per share.