Freund Corporation revised consolidated guidance results for the fiscal year ending February 28, 2023. For the fiscal year ending February 28, 2023, the company now expects net sales of ¥19,500 million as compared to previous forecast of ¥18,500 million, Operating profit of ¥150 million as compared to previous forecast of ¥700 million, Profit attributable to owners of parent of ¥100 million or ¥5.97 per share as compared to previous forecast Of ¥450 million or ¥26.87 per share.