Freund : FACTSHEET FY202302 1Q(PDF)

FREUND CORPORATION	FACTSHEET
BS
( thousand)					FY2/19								FY2/20
		Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Current assets		13,356,032	12,991,466	12,991,466	13,208,537		13,208,537	12,881,919	12,881,919	12,881,919	12,342,038	12,721,743	12,721,743	12,881,169		12,881,169	13,193,328	13,193,328	13,193,328
Cash and deposits		5,236,366	5,245,781	5,245,781	4,834,828		4,834,828	5,534,431	5,534,431	5,534,431	4,607,087	5,030,580	5,030,580	4,232,255		4,232,255	4,314,123	4,314,123	4,314,123
Notes and accounts receivable - trade		4,448,399	4,224,471	4,224,471	4,253,700		4,253,700	4,172,348	4,172,348	4,172,348	3,741,572	3,506,653	3,506,653	4,167,322		4,167,322	5,013,789	5,013,789	5,013,789
Notes and accounts receivable trade and contract assets	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Electronically recorded monetary claims - operating	127,964	152,862	152,862	246,278		246,278	160,222	160,222	160,222	297,447	293,449	293,449	153,152		153,152	417,513	417,513	417,513
Merchandise and finished goods		344,129	365,375	365,375	393,519		393,519	414,397	414,397	414,397	426,622	526,368	526,368	575,274		575,274	647,754	647,754	647,754
Work in process		1,747,526	1,521,486	1,521,486	1,795,671		1,795,671	1,053,685	1,053,685	1,053,685	1,833,125	1,915,678	1,915,678	2,212,108		2,212,108	1,390,426	1,390,426	1,390,426
Raw materials and supplies		906,583	915,151	915,151	1,030,976		1,030,976	1,007,294	1,007,294	1,007,294	1,048,643	1,005,761	1,005,761	1,083,380		1,083,380	1,013,444	1,013,444	1,013,444
Prepaid expenses		135,506	128,504	128,504	156,129		156,129	138,074	138,074	138,074	142,728	140,346	140,346	132,179		132,179	139,944	139,944	139,944
Allowance for doubtful accounts		(10,870)	(11,106)	(11,106)	(11,347)		(11,347)	(8,869)	(8,869)	(8,869)	(8,748)	(5,323)	(5,323)	(5,478)		(5,478)	(5,471)	(5,471)	(5,471)
Non-current assets		4,428,541	4,493,030	4,493,030	4,517,624		4,517,624	4,583,387	4,583,387	4,583,387	4,885,561	4,992,032	4,992,032	5,301,282		5,301,282	5,311,999	5,311,999	5,311,999
Property, plant and equipment		3,471,446	3,554,342	3,554,342	3,580,773		3,580,773	3,769,070	3,769,070	3,769,070	3,857,729	3,997,312	3,997,312	4,206,518		4,206,518	4,209,880	4,209,880	4,209,880
Buildings and structures, net		1,208,510	1,202,510	1,202,510	1,199,967		1,199,967	1,162,954	1,162,954	1,162,954	1,144,664	1,134,076	1,134,076	1,131,261		1,131,261	1,418,559	1,418,559	1,418,559
Machinery and equipment, net		464,151	433,557	433,557	508,855		508,855	506,807	506,807	506,807	504,155	632,770	632,770	661,923		661,923	636,046	636,046	636,046
Land		1,239,273	1,239,710	1,239,710	1,240,156		1,240,156	1,239,674	1,239,674	1,239,674	1,239,395	1,238,858	1,238,858	1,239,432		1,239,432	1,231,252	1,231,252	1,231,252
Construction in progress		242,633	287,501	287,501	247,549		247,549	431,499	431,499	431,499	565,485	602,385	602,385	786,621		786,621	530,193	530,193	530,193
Other, net		316,877	391,063	391,063	384,245		384,245	428,134	428,134	428,134	404,028	389,221	389,221	387,279		387,279	393,828	393,828	393,828
Intangible assets		96,673	91,253	91,253	93,396		93,396	16,349	16,349	16,349	17,930	16,516	16,516	96,468		96,468	96,081	96,081	96,081
Goodwill		86,097	80,090	80,090	74,083		74,083	-	-	-	-	-	-	-		-	-	-	-
Software		10,139	10,725	10,725	18,875		18,875	15,912	15,912	15,912	17,493	16,079	16,079	17,698		17,698	19,811	19,811	19,811
Customer-related assets		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Investments and other assets		860,420	847,434	847,434	843,454		843,454	797,967	797,967	797,967	1,009,901	978,203	978,203	998,294		998,294	1,006,036	1,006,036	1,006,036
Investment securities		360,453	359,134	359,134	359,905		359,905	351,259	351,259	351,259	342,075	326,310	326,310	343,974		343,974	319,151	319,151	319,151
Business insurance funds		276,296	279,209	279,209	279,209		279,209	279,209	279,209	279,209	269,227	269,227	269,227	269,227		269,227	269,227	269,227	269,227
Deferred tax assets		24,052	25,632	25,632	26,487		26,487	7,032	7,032	7,032	211,867	205,947	205,947	218,413		218,413	208,497	208,497	208,497
Net defined benefit asset		1,453	1,668	1,668	1,544		1,544	1,244	1,244	1,244	1,775	1,994	1,994	1,636		1,636	1,530	1,530	1,530
Allowance for doubtful accounts		(5,400)	(5,400)	(5,400)	(5,400)		(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)		(5,400)	(5,400)	(5,400)	(5,400)
Total assets		17,784,573	17,484,497	17,484,497	17,726,161		17,726,161	17,465,307	17,465,307	17,465,307	17,227,600	17,713,776	17,713,776	18,182,451		18,182,451	18,505,327	18,505,327	18,505,327
Current liabilities		4,768,860	4,312,236	4,312,236	4,449,712		4,449,712	3,938,759	3,938,759	3,938,759	4,259,737	4,668,293	4,668,293	5,019,249		5,019,249	5,023,920	5,023,920	5,023,920
Notes and accounts payable - trade		1,678,244	1,627,305	1,627,305	1,581,012		1,581,012	1,587,769	1,587,769	1,587,769	1,244,367	1,295,590	1,295,590	1,516,133		1,516,133	1,754,324	1,754,324	1,754,324
Electronically recorded obligations - operating		831,954	515,524	515,524	762,710		762,710	582,051	582,051	582,051	799,227	1,055,251	1,055,251	1,267,847		1,267,847	1,367,537	1,367,537	1,367,537
Short-term loans payable		-	-	-	-		-	-	-	-	-	-	-	-		-	32,829	32,829	32,829
Lease obligations		5,253	4,243	4,243	3,230		3,230	3,954	3,954	3,954	3,350	2,743	2,743	2,135		2,135	2,639	2,639	2,639
Income taxes payable		199,646	304,613	304,613	74,508		74,508	151,746	151,746	151,746	19,608	97,816	97,816	-		-	61,729	61,729	61,729
Accrued consumption taxes		123,871	133,174	133,174	136,665		136,665	155,314	155,314	155,314	9,840	5,502	5,502	1,868		1,868	52,459	52,459	52,459
Accrued expenses		373,087	321,558	321,558	377,849		377,849	362,769	362,769	362,769	355,095	308,910	308,910	336,701		336,701	333,886	333,886	333,886
Advances received		915,880	940,359	940,359	1,086,625		1,086,625	666,802	666,802	666,802	1,244,489	1,424,429	1,424,429	1,438,719		1,438,719	775,289	775,289	775,289
Contract liabilities		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Provision for bonuses		297,730	219,611	219,611	128,345		128,345	212,735	212,735	212,735	312,570	181,547	181,547	133,417		133,417	237,693	237,693	237,693
Provision for directors' bonuses		12,500	18,000	18,000	19,500		19,500	30,000	30,000	30,000	8,250	4,000	4,000	6,750		6,750	6,000	6,000	6,000
Non-current liabilities		323,988	319,998	319,998	323,122		323,122	275,895	275,895	275,895	244,509	238,142	238,142	241,494		241,494	237,458	237,458	237,458
Long-term accounts payable - other		45,973	47,246	47,246	48,558		48,558	44,064	44,064	44,064	38,114	29,686	29,686	30,980		30,980	35,547	35,547	35,547
Lease obligations		8,486	7,774	7,774	7,059		7,059	5,241	5,241	5,241	4,862	4,481	4,481	4,099		4,099	2,601	2,601	2,601
Net defined benefit liability		203,106	198,152	198,152	201,203		201,203	162,460	162,460	162,460	164,862	167,264	167,264	169,665		169,665	165,114	165,114	165,114
Asset retirement obligations		35,015	35,054	35,054	35,093		35,093	35,131	35,131	35,131	35,170	35,209	35,209	35,248		35,248	31,683	31,683	31,683
Total liabilities		5,092,848	4,632,234	4,632,234	4,772,835		4,772,835	4,214,655	4,214,655	4,214,655	4,504,246	4,906,436	4,906,436	5,260,743		5,260,743	5,261,378	5,261,378	5,261,378
Shareholders' equity		12,973,670	13,092,658	13,092,658	13,149,999		13,149,999	13,469,928	13,469,928	13,469,928	12,976,992	13,127,289	13,127,289	13,172,779		13,172,779	13,516,050	13,516,050	13,516,050
Capital stock		1,035,600	1,035,600	1,035,600	1,035,600		1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600		1,035,600	1,035,600	1,035,600	1,035,600
Capital surplus		1,289,513	1,289,513	1,289,513	1,289,513		1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513		1,289,513	1,289,513	1,289,513	1,289,513
Retained earnings		11,421,917	11,540,905	11,540,905	11,598,248		11,598,248	11,918,177	11,918,177	11,918,177	11,425,241	11,575,538	11,575,538	11,621,029		11,621,029	11,964,299	11,964,299	11,964,299
Treasury shares		(773,361)	(773,361)	(773,361)	(773,363)		(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)		(773,363)	(773,363)	(773,363)	(773,363)
Accumulated other comprehensive income		(281,945)	(240,395)	(240,395)	(196,672)		(196,672)	(219,276)	(219,276)	(219,276)	(253,639)	(319,949)	(319,949)	(251,072)		(251,072)	(272,101)	(272,101)	(272,101)
Valuation difference on available-for-sale securities	44,769	41,667	41,667	41,574		41,574	35,459	35,459	35,459	29,541	19,836	19,836	31,463		31,463	13,680	13,680	13,680
Foreign currency translation adjustment		(307,466)	(263,473)	(263,473)	(220,316)		(220,316)	(265,653)	(265,653)	(265,653)	(293,813)	(350,135)	(350,135)	(292,600)		(292,600)	(298,749)	(298,749)	(298,749)
Remeasurements of defined benefit plans		(19,248)	(18,589)	(18,589)	(17,930)		(17,930)	10,917	10,917	10,917	10,633	10,349	10,349	10,065		10,065	12,967	12,967	12,967
Non-controlling interests		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Net assets		12,691,725	12,852,262	12,852,262	12,953,326		12,953,326	13,250,651	13,250,651	13,250,651	12,723,353	12,807,340	12,807,340	12,921,707		12,921,707	13,243,948	13,243,948	13,243,948
Total liabilities and net assets		17,784,573	17,484,497	17,484,497	17,726,161		17,726,161	17,465,307	17,465,307	17,465,307	17,227,600	17,713,776	17,713,776	18,182,451		18,182,451	18,505,327	18,505,327	18,505,327

Copyright(c) 2022 Freund Corporation. All Rights Reserved.

1

FREUND CORPORATION	FACTSHEET
BS
( thousand)					FY2/21								FY2/22
		Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Current assets		12,338,686	12,325,031	12,325,031	12,708,843		12,708,843	13,558,237	13,558,237	13,558,237	12,969,801	13,204,150	13,204,150	14,652,943		14,652,943	15,004,411	15,004,411	15,004,411
Cash and deposits		4,707,055	4,743,190	4,743,190	4,009,307		4,009,307	4,498,482	4,498,482	4,498,482	3,547,764	4,258,813	4,258,813	4,606,053		4,606,053	4,145,207	4,145,207	4,145,207
Notes and accounts receivable - trade		3,819,487	4,007,400	4,007,400	3,764,175		3,764,175	4,659,895	4,659,895	4,659,895	4,493,234	3,826,816	3,826,816	3,785,264		3,785,264	4,902,513	4,902,513	4,902,513
Notes and accounts receivable trade and contract assets	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Electronically recorded monetary claims - operating	387,884	185,925	185,925	359,958		359,958	210,221	210,221	210,221	351,943	250,280	250,280	436,560		436,560	326,231	326,231	326,231
Merchandise and finished goods		614,055	553,280	553,280	700,953		700,953	798,624	798,624	798,624	812,443	785,490	785,490	764,271		764,271	667,070	667,070	667,070
Work in process		1,542,974	1,469,563	1,469,563	2,014,945		2,014,945	1,457,682	1,457,682	1,457,682	1,861,842	2,105,277	2,105,277	2,996,171		2,996,171	2,390,278	2,390,278	2,390,278
Raw materials and supplies		1,004,754	1,033,871	1,033,871	1,172,494		1,172,494	1,217,155	1,217,155	1,217,155	1,190,656	1,318,769	1,318,769	1,565,458		1,565,458	2,032,755	2,032,755	2,032,755
Prepaid expenses		133,845	148,312	148,312	172,499		172,499	151,597	151,597	151,597	158,892	157,035	157,035	171,875		171,875	211,030	211,030	211,030
Allowance for doubtful accounts		(5,376)	(5,268)	(5,268)	(9,864)		(9,864)	(10,342)	(10,342)	(10,342)	(11,304)	(11,545)	(11,545)	(11,433)		(11,433)	(12,624)	(12,624)	(12,624)
Non-current assets		5,367,532	5,200,563	5,200,563	6,881,237		6,881,237	7,016,998	7,016,998	7,016,998	7,064,160	7,002,404	7,002,404	7,075,772		7,075,772	7,269,492	7,269,492	7,269,492
Property, plant and equipment		4,192,228	4,094,529	4,094,529	4,520,359		4,520,359	4,734,626	4,734,626	4,734,626	4,707,196	4,690,213	4,690,213	4,613,844		4,613,844	4,562,962	4,562,962	4,562,962
Buildings and structures, net		1,440,960	1,425,587	1,425,587	1,837,849		1,837,849	2,015,990	2,015,990	2,015,990	2,024,486	2,011,256	2,011,256	1,997,915		1,997,915	2,014,906	2,014,906	2,014,906
Machinery and equipment, net		607,362	663,565	663,565	685,946		685,946	826,924	826,924	826,924	781,766	754,470	754,470	815,756		815,756	865,761	865,761	865,761
Land		1,230,900	1,180,672	1,180,672	1,162,321		1,162,321	1,159,307	1,159,307	1,159,307	1,140,604	1,140,630	1,140,630	1,141,346		1,141,346	1,141,676	1,141,676	1,141,676
Construction in progress		542,341	347,843	347,843	354,824		354,824	349,369	349,369	349,369	386,325	426,299	426,299	282,629		282,629	177,492	177,492	177,492
Other, net		370,663	476,861	476,861	479,417		479,417	383,035	383,035	383,035	374,013	357,556	357,556	376,196		376,196	363,125	363,125	363,125
Intangible assets		92,970	90,304	90,304	1,324,532		1,324,532	1,291,783	1,291,783	1,291,783	1,352,406	1,268,772	1,268,772	1,449,942		1,449,942	1,434,830	1,434,830	1,434,830
Goodwill		-	-	-	657,462		657,462	658,901	658,901	658,901	694,576	1,109,226	1,109,226	658,324		658,324	643,241	643,241	643,241
Software		19,200	19,034	19,034	19,974		19,974	24,138	24,138	24,138	22,559	20,655	20,655	34,337		34,337	31,945	31,945	31,945
Customer-related assets		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	472,554
Investments and other assets		1,082,333	1,015,729	1,015,729	1,036,344		1,036,344	990,588	990,588	990,588	1,004,557	1,043,418	1,043,418	1,011,985		1,011,985	1,271,699	1,271,699	1,271,699
Investment securities		326,116	327,827	327,827	324,414		324,414	334,321	334,321	334,321	340,276	357,005	357,005	342,876		342,876	592,710	592,710	592,710
Business insurance funds		269,227	269,227	269,227	269,227		269,227	269,227	269,227	269,227	269,227	269,227	269,227	269,227		269,227	269,227	269,227	269,227
Deferred tax assets		257,084	213,407	213,407	238,945		238,945	187,885	187,885	187,885	200,457	228,985	228,985	218,023		218,023	235,394	235,394	235,394
Net defined benefit asset		2,012	1,986	1,986	1,841		1,841	1,251	1,251	1,251	1,121	956	956	794		794	429	429	429
Allowance for doubtful accounts		(5,400)	(5,400)	(5,400)	(5,400)		(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)	(5,400)		(5,400)	(5,400)	(5,400)	(5,400)
Total assets		17,706,219	17,525,595	17,525,595	19,590,080		19,590,080	20,575,235	20,575,235	20,575,235	20,033,962	20,206,554	20,206,554	21,728,715		21,728,715	22,273,904	22,273,904	22,273,904
Current liabilities		4,483,513	4,281,736	4,281,736	5,657,547		5,657,547	5,817,429	5,817,429	5,817,429	5,371,154	5,464,041	5,464,041	6,828,953		6,828,953	7,035,774	7,035,774	7,035,774
Notes and accounts payable - trade		1,138,691	1,237,952	1,237,952	1,605,491		1,605,491	1,754,454	1,754,454	1,754,454	1,199,968	1,430,992	1,430,992	1,736,266		1,736,266	1,767,452	1,767,452	1,767,452
Electronically recorded obligations - operating		1,208,139	628,369	628,369	900,580		900,580	1,212,083	1,212,083	1,212,083	1,115,074	709,824	709,824	999,449		999,449	976,189	976,189	976,189
Short-term loans payable		-	-	-	50,264		50,264	55,793	55,793	55,793	34,880	13,638	13,638	11,574		11,574	27,180	27,180	27,180
Lease obligations		2,369	2,098	2,098	49,007		49,007	37,650	37,650	37,650	38,023	37,713	37,713	36,630		36,630	40,478	40,478	40,478
Income taxes payable		29,528	110,086	110,086	81,816		81,816	245,299	245,299	245,299	129,488	179,139	179,139	93,934		93,934	256,087	256,087	256,087
Accrued consumption taxes		76,740	81,858	81,858	42,048		42,048	113,928	113,928	113,928	67,728	30,565	30,565	14,253		14,253	78,226	78,226	78,226
Accrued expenses		328,539	321,264	321,264	452,299		452,299	379,357	379,357	379,357	385,515	391,399	391,399	377,918		377,918	340,643	340,643	340,643
Advances received		935,211	1,286,568	1,286,568	1,744,599		1,744,599	1,170,091	1,170,091	1,170,091	1,482,738	2,011,230	2,011,230	2,877,283		2,877,283	2,805,781	2,805,781	2,805,781
Contract liabilities		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Provision for bonuses		340,175	197,911	197,911	121,987		121,987	258,586	258,586	258,586	346,298	213,563	213,563	122,644		122,644	252,662	252,662	252,662
Provision for directors' bonuses		7,500	15,500	15,500	21,750		21,750	43,156	43,156	43,156	17,518	18,571	18,571	23,408		23,408	29,918	29,918	29,918
Non-current liabilities		477,858	246,552	246,552	863,083		863,083	898,820	898,820	898,820	885,122	797,968	797,968	859,349		859,349	883,353	883,353	883,353
Long-term accounts payable - other		34,376	35,254	35,254	34,221		34,221	34,689	34,689	34,689	35,763	37,839	37,839	39,095		39,095	36,314	36,314	36,314
Lease obligations		2,215	1,828	1,828	330,334		330,334	394,370	394,370	394,370	393,832	390,141	390,141	376,162		376,162	376,253	376,253	376,253
Net defined benefit liability		162,948	161,555	161,555	281,394		281,394	280,598	280,598	280,598	285,019	284,946	284,946	287,041		287,041	316,216	316,216	316,216
Asset retirement obligations		46,391	46,414	46,414	46,443		46,443	46,472	46,472	46,472	46,501	46,530	46,530	46,558		46,558	67,130	67,130	67,130
Total liabilities		4,961,371	4,528,289	4,528,289	6,520,631		6,520,631	6,716,249	6,716,249	6,716,249	6,256,277	6,262,009	6,262,009	7,688,303		7,688,303	7,919,127	7,919,127	7,919,127
Shareholders' equity		13,059,320	13,364,997	13,364,997	13,458,232		13,458,232	14,151,755	14,151,755	14,151,755	13,936,545	14,068,506	14,068,506	14,087,014		14,087,014	14,360,432	14,360,432	14,360,432
Capital stock		1,035,600	1,035,600	1,035,600	1,035,600		1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600	1,035,600		1,035,600	1,035,600	1,035,600	1,035,600
Capital surplus		1,289,513	1,289,513	1,289,513	1,289,513		1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513	1,289,513		1,289,513	1,289,513	1,289,513	1,289,513
Retained earnings		11,507,569	11,813,246	11,813,246	11,906,481		11,906,481	12,600,004	12,600,004	12,600,004	12,384,794	12,516,755	12,516,755	12,535,263		12,535,263	12,808,681	12,808,681	12,808,681
Treasury shares		(773,363)	(773,363)	(773,363)	(773,363)		(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)	(773,363)		(773,363)	(773,363)	(773,363)	(773,363)
Accumulated other comprehensive income		(314,472)	(367,691)	(367,691)	(388,783)		(388,783)	(292,769)	(292,769)	(292,769)	(158,860)	(123,960)	(123,960)	(46,601)		(46,601)	(5,655)	(5,655)	(5,655)
Valuation difference on available-for-sale securities	18,239	18,996	18,996	16,299		16,299	22,149	22,149	22,149	30,878	41,841	41,841	31,118		31,118	39,688	39,688	39,688
Foreign currency translation adjustment		(345,417)	(399,132)	(399,132)	(417,265)		(417,265)	(330,648)	(330,648)	(330,648)	(205,910)	(182,894)	(182,894)	(95,494)		(95,494)	(37,972)	(37,972)	(37,972)
Remeasurements of defined benefit plans		12,705	12,443	12,443	12,181		12,181	15,729	15,729	15,729	16,171	17,092	17,092	17,773		17,773	(7,371)	(7,371)	(7,371)
Non-controlling interests		-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Net assets		12,744,848	12,997,305	12,997,305	13,069,448		13,069,448	13,858,986	13,858,986	13,858,986	13,777,684	13,944,545	13,944,545	14,040,412		14,040,412	14,354,776	14,354,776	14,354,776
Total liabilities and net assets		17,706,219	17,525,595	17,525,595	19,590,080		19,590,080	20,575,235	20,575,235	20,575,235	20,033,962	20,206,554	20,206,554	21,728,715		21,728,715	22,273,904	22,273,904	22,273,904

Copyright(c) 2022 Freund Corporation. All Rights Reserved.

2

FREUND CORPORATION FACTSHEET

BS

( thousand)				FY2/23
	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Current assets	14,607,916
Cash and deposits	3,508,141
Notes and accounts receivable - trade	-
Notes and accounts receivable trade and contract assets	3,772,778
Electronically recorded monetary claims - operating	438,497
Merchandise and finished goods	743,622
Work in process	3,368,618
Raw materials and supplies	2,069,912
Prepaid expenses	222,979
Allowance for doubtful accounts	(14,038)
Non-current assets	7,536,067
Property, plant and equipment	4,602,553
Buildings and structures, net	2,087,054
Machinery and equipment, net	825,405
Land	1,144,019
Construction in progress	171,759
Other, net	374,314
Intangible assets	1,600,895
Goodwill	654,499
Software	29,449
Customer-related assets	485,968
Investments and other assets	1,332,618
Investment securities	579,115
Business insurance funds	269,227
Deferred tax assets	310,050
Net defined benefit asset	284
Allowance for doubtful accounts	(5,400)
Total assets	22,143,984
Current liabilities	6,929,045
Notes and accounts payable - trade	1,372,489
Electronically recorded obligations - operating	785,915
Short-term loans payable	293,305
Lease obligations	41,550
Income taxes payable	63,597
Accrued consumption taxes	48,635
Accrued expenses	391,437
Advances received	-
Contract liabilities	3,108,174
Provision for bonuses	345,744
Provision for directors' bonuses	8,694
Non-current liabilities	890,900
Long-term accounts payable - other	40,606
Lease obligations	383,892
Net defined benefit liability	299,460
Asset retirement obligations	67,163
Total liabilities	7,819,946
Shareholders' equity	13,944,534
Capital stock	1,035,600
Capital surplus	1,289,513
Retained earnings	12,392,783
Treasury shares	(773,363)
Accumulated other comprehensive income	379,504
Valuation difference on available-for-sale securities	24,528
Foreign currency translation adjustment	359,817
Remeasurements of defined benefit plans	(4,842)
Non-controlling interests	-
Net assets	14,324,038
Total liabilities and net assets	22,143,984

Copyright(c) 2022 Freund Corporation. All Rights Reserved.

3

FREUND CORPORATION FACTSHEET

PL

( thousand)				FY2/19								FY2/20
	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Net sales	4,849,505	4,267,570	9,117,076	4,126,220		13,243,297	5,164,940	9,291,161	18,408,237	2,878,390	3,939,125	6,817,515	4,293,286		11,110,801	5,662,075	9,955,361	16,772,877
Cost of sales	3,245,489	2,855,476	6,100,966	2,773,366		8,874,332	3,345,778	6,119,144	12,220,111	1,830,603	2,570,331	4,400,935	2,930,516		7,331,451	4,012,944	6,943,460	11,344,395
Gross profit	1,604,016	1,412,094	3,016,110	1,352,853		4,368,964	1,819,162	3,172,016	6,188,126	1,047,786	1,368,793	2,416,580	1,362,769		3,779,350	1,649,131	3,011,901	5,428,481
Selling, general and administrative expenses	1,204,967	1,218,320	2,423,288	1,275,342		3,698,631	1,266,362	2,541,705	4,964,993	1,262,594	1,150,713	2,413,308	1,272,979		3,686,287	1,183,743	2,456,722	4,870,030
Operating profit	399,048	193,773	592,821	77,510		670,332	552,800	630,311	1,223,132	(214,808)	218,080	3,271	89,790		93,062	465,387	555,178	558,450
Non-operating income	80,185	12,357	92,542	10,485		103,028	2,502	12,988	105,530	11,364	8,543	19,907	4,865		24,772	10,624	15,490	35,397
Interest income	1,092	914	2,006	1,022		3,029	2,407	3,429	5,436	2,190	1,216	3,406	586		3,992	387	973	4,380
Dividend income	60,795	2,270	63,066	660		63,727	1,195	1,856	64,922	4,783	1,360	6,144	98		6,242	1,304	1,402	7,547
Technical support fee	1,965	1,708	3,673	1,906		5,579	895	2,801	6,474	1,219	1,935	3,154	1,815		4,969	1,005	2,820	5,974
Rent income	516	350	867	321		1,188	204	526	1,393	204	367	571	372		944	321	694	1,266
Foreign exchange gains	1,556	2,550	4,106	4,918		9,025	(6,601)	(1,682)	2,423	-	-	-	-		-	786	786	786
Non-operating expenses	586	500	1,086	1,625		2,712	(389)	1,235	2,322	13,913	3,145	17,058	(17,058)		-	10,981	(6,077)	10,981
Interest expenses	321	241	562	204		767	147	351	914	3,091	(2,940)	151	91		243	475	567	719
Foreign exchange losses	-	-	-	-		-	-	-	-	5,675	10,600	16,276	(13,668)		2,607	(2,607)	(16,276)	-
Share of loss of investments accounted for using equity method	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Ordinary profit	478,647	205,629	684,277	86,370		770,648	555,692	642,063	1,326,340	(217,357)	223,477	6,120	105,276		111,397	471,469	576,746	582,866
Extraordinary income	23,874	-	23,874	662		24,537	0	662	24,537	8,180	4,017	12,197	-		12,197	4,234	4,234	16,431
Extraordinary losses	2,184	0	2,184	112		2,297	92,942	93,054	95,239	927	236	1,163	27,985		29,148	1,590	29,575	30,739
Profit (loss) before income taxes	500,337	205,629	705,967	86,921		792,888	462,750	549,671	1,255,638	(210,104)	227,258	17,154	77,291		94,446	474,112	551,404	568,558
Income taxes - current	-	-	-	-		-	-	-	400,395	-	-	-	-		-	-	-	237,283
Income taxes - deferred	-	-	-	-		-	-	-	11,668	-	-	-	-		-	-	-	(50,252)
Total income taxes	153,021	86,642	239,663	29,578		269,242	142,821	172,399	412,063	(52,065)	76,961	24,896	31,801		56,697	130,333	162,134	187,030
Profit	347,315	118,987	466,303	57,342		523,646	319,929	377,271	843,575	(158,038)	150,297	(7,741)	45,490		37,748	343,779	389,269	381,528
Profit (loss) attributable to non-controlling interests	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Profit (loss) attributable to owners of parent	347,315	118,987	466,303	57,342		523,646	319,929	377,271	843,575	(158,038)	150,297	(7,741)	45,490		37,748	343,779	389,269	381,528
EBITDA	486,533	284,670	771,203	179,970		951,174	647,282	827,253	1,598,457	(125,753)	309,216	183,463	193,217		376,681	574,235	767,453	950,916
EBITDA=Operating profit＋Technical support fee＋Depreciation＋Amortization of goodwill
Foreign exchange rate (Average exchange rate of cumulative period)
/US$	107.76	109.33	109.33	110.44		110.44	110.48	110.48	110.48	110.96	109.21	109.21	108.87		108.87	109.03	109.03	109.03
/€	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Depreciation	79,513	83,182	162,695	94,546		257,242	87,580	182,127	344,822	84,743	92,293	177,037	101,612		278,649	107,842	209,454	386,491
R&D expenses	230,864	176,485	407,349	213,227		620,577	211,750	424,977	832,327	204,337	203,918	408,255	186,754		595,010	130,458	317,213	725,469
Composition ratio (%)
COGS ratio	66.9%	66.9%	66.9%	67.2%		67.0%	64.8%	65.9%	66.4%	63.6%	65.3%	64.6%	68.3%		66.0%	70.9%	69.7%	67.6%
Gross profit margin	33.1%	33.1%	33.1%	32.8%		33.0%	35.2%	34.1%	33.6%	36.4%	34.7%	35.4%	31.7%		34.0%	29.1%	30.3%	32.4%
SG&A expenses ratio	24.8%	28.5%	26.6%	30.9%		27.9%	24.5%	27.4%	27.0%	43.9%	29.2%	35.4%	29.7%		33.2%	20.9%	24.7%	29.0%
Operating profit margin	8.2%	4.5%	6.5%	1.9%		5.1%	10.7%	6.8%	6.6%	-7.5%	5.5%	0.0%	2.1%		0.8%	8.2%	5.6%	3.3%
Ordinary profit margin	9.9%	4.8%	7.5%	2.1%		5.8%	10.8%	6.9%	7.2%	-7.6%	5.7%	0.1%	2.5%		1.0%	8.3%	5.8%	3.5%
Profit attributable to owners of parent margin	7.2%	2.8%	5.1%	1.4%		4.0%	6.2%	4.1%	4.6%	-5.5%	3.8%	-0.1%	1.1%		0.3%	6.1%	3.9%	2.3%
Year-over-year basis (%)
Net sales	8.4%	-19.7%	-6.9%	4.3%		-3.7%	-14.7%	-7.2%	-7.0%	-40.6%	-7.7%	-25.2%	4.0%		-16.1%	9.6%	7.1%	-8.9%
Cost of sales	11.3%	-16.1%	-3.4%	3.6%		-1.3%	-16.2%	-8.2%	-5.9%	-43.6%	-10.0%	-27.9%	5.7%		-17.4%	19.9%	13.5%	-7.2%
Gross profit	3.1%	-26.3%	-13.1%	5.6%		-8.1%	-11.8%	-5.2%	-9.2%	-34.7%	-3.1%	-19.9%	0.7%		-13.5%	-9.3%	-5.0%	-12.3%
Selling, general and administrative expenses	3.1%	-0.8%	1.1%	6.0%		2.7%	1.7%	3.8%	2.5%	4.8%	-5.5%	-0.4%	-0.2%		-0.3%	-6.5%	-3.3%	-1.9%
Operating profit	3.0%	-71.8%	-44.8%	-0.9%		-41.9%	-32.5%	-29.7%	-37.9%	-	12.5%	-99.4%	15.8%		-86.1%	-15.8%	-11.9%	-54.3%

Statement of comprehensive income

( thousand)				FY2/19								FY2/20
	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Profit	347,315	118,987	466,303	57,342		523,646	319,929	377,271	843,575	(158,038)	150,297	(7,741)	45,490		37,748	343,779	389,269	381,528
Other comprehensive income	19,083	41,549	60,633	43,723		104,356	(22,603)	21,119	81,752	(34,362)	(66,309)	(100,672)	68,876		(31,795)	(21,029)	47,847	(52,825)
Comprehensive income	366,399	160,537	526,936	101,065		628,002	297,325	398,391	925,328	(192,401)	83,987	(108,414)	114,367		5,953	322,750	437,117	328,703

Copyright(c) 2022 Freund Corporation. All Rights Reserved.

4

FREUND CORPORATION	FACTSHEET
By business segment
( thousand)				FY2/19								FY2/20
	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Net sales	4,849,505	4,267,570	9,117,076	4,126,220		13,243,297	5,164,940	9,291,161	18,408,237	2,878,390	3,939,125	6,817,515	4,293,286		11,110,801	5,662,075	9,955,361	16,772,877
Machinery Business Segment	3,433,095	2,712,540	6,145,635	2,577,743		8,723,378	3,644,796	6,222,539	12,368,175	1,386,636	2,578,168	3,964,804	2,785,096		6,749,900	4,368,957	7,154,054	11,118,858
Chemicals Business Segment	1,416,410	1,555,030	2,971,440	1,548,477		4,519,918	1,520,143	3,068,621	6,040,062	1,491,753	1,360,957	2,852,711	1,508,189		4,360,900	1,293,117	2,801,306	5,654,018
Pharmaceutical Excipients	744,321	859,354	1,603,675	742,465		2,346,140	848,932	1,591,397	3,195,073	764,375	677,942	1,442,318	828,733		2,271,051	598,897	1,427,631	2,869,949
Food Preservatives	555,095	524,783	1,079,879	571,048		1,650,928	500,769	1,071,818	2,151,697	538,383	501,039	1,039,422	544,025		1,583,448	495,910	1,039,936	2,079,359
Dietary Supplement Products	116,992	170,892	287,885	234,963		522,849	170,441	405,405	693,290	188,971	181,998	370,969	135,430		506,400	198,308	333,738	704,708
Segment income	399,048	193,773	592,821	77,510		670,332	552,800	630,311	1,223,132	(214,808)	218,080	3,271	89,790		93,062	465,387	555,178	558,450
Machinery Business Segment	278,123	13,321	291,444	4,184		295,628	441,715	445,899	737,344	(267,263)	147,299	(119,964)	(22,240)		(142,204)	453,321	431,080	311,116
Chemicals Business Segment	259,741	296,557	556,298	224,916		781,214	243,560	468,477	1,024,775	187,563	194,877	382,440	270,190		652,630	129,059	399,249	781,690
Adjustments	(138,816)	(116,105)	(254,921)	(151,589)		(406,511)	(132,475)	(284,065)	(538,986)	(135,107)	(124,097)	(259,204)	(158,158)		(417,363)	(116,992)	(275,151)	(534,356)
Composition ratio (%)
Machinery Business Segment	70.8%	63.6%	67.4%	62.5%		65.9%	70.6%	67.0%	67.2%	48.2%	65.5%	58.2%	64.9%		60.8%	77.2%	71.9%	66.3%
Chemicals Business Segment	29.2%	36.4%	32.6%	37.5%		34.1%	29.4%	33.0%	32.8%	51.8%	34.5%	41.8%	35.1%		39.2%	22.8%	28.1%	33.7%
Pharmaceutical Excipients	52.5%	55.3%	54.0%	47.9%		51.9%	55.8%	51.9%	52.9%	51.2%	49.8%	50.6%	54.9%		52.1%	46.3%	51.0%	50.8%
Food Preservatives	39.2%	33.7%	36.3%	36.9%		36.5%	32.9%	34.9%	35.6%	36.1%	36.8%	36.4%	36.1%		36.3%	38.4%	37.1%	36.8%
Dietary Supplement Products	8.3%	11.0%	9.7%	15.2%		11.6%	11.2%	13.2%	11.5%	12.7%	13.4%	13.0%	9.0%		11.6%	15.3%	11.9%	12.5%
Segment income margin (%)
Machinery Business Segment	8.1%	0.5%	4.7%	0.2%		3.4%	12.1%	7.2%	6.0%	-19.3%	5.7%	-3.0%	-0.8%		-2.1%	10.4%	6.0%	2.8%
Chemicals Business Segment	18.3%	19.1%	18.7%	14.5%		17.3%	16.0%	15.3%	17.0%	12.6%	14.3%	13.4%	17.9%		15.0%	10.0%	14.3%	13.8%
Year-over-year basis (%)
Net sales	8.4%	-19.7%	-6.9%	4.3%		-3.7%	-14.7%	-7.2%	-7.0%	-40.6%	-7.7%	-25.2%	4.0%		-16.1%	9.6%	7.1%	-8.9%
Machinery Business Segment	7.4%	-31.7%	-14.3%	0.1%		-10.5%	-21.7%	-14.0%	-14.1%	-59.6%	-5.0%	-35.5%	8.0%		-22.6%	19.9%	15.0%	-10.1%
Chemicals Business Segment	11.2%	15.8%	13.5%	12.1%		13.0%	8.6%	10.3%	11.9%	5.3%	-12.5%	-4.0%	-2.6%		-3.5%	-14.9%	-8.7%	-6.4%
Segment income	3.0%	-71.8%	-44.8%	-0.9%		-41.9%	-32.5%	-29.7%	-37.9%	-	12.5%	-99.4%	15.8%		-86.1%	-15.8%	-11.9%	-54.3%
Machinery Business Segment	-14.8%	-97.5%	-66.5%	-90.0%		-67.5%	-38.7%	-41.5%	-54.8%	-	1005.7%	-	-		-	2.6%	-3.3%	-57.8%
Chemicals Business Segment	32.5%	31.9%	32.1%	30.0%		31.5%	17.5%	23.2%	27.9%	-27.8%	-34.3%	-31.3%	20.1%		-16.5%	-47.0%	-14.8%	-23.7%
By region
( thousand)				FY2/19								FY2/20
	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year	Q1	Q2	1H	Q3		Q3 Cum	Q4	2H	Full-Year
Net sales	4,849,505	4,267,570	9,117,076	4,126,220		13,243,297	5,164,940	9,291,161	18,408,237	2,878,390	3,939,125	6,817,515	4,293,286		11,110,801	5,662,075	9,955,361	16,772,877
Japan	4,076,223	3,014,421	7,090,644	2,974,247		10,064,892	2,934,846	5,909,093	12,999,738	2,348,108	2,981,684	5,329,792	3,184,444		8,514,237	3,681,203	6,865,648	12,195,441
Overseas	773,282	1,253,149	2,026,431	1,151,973		3,178,404	2,230,094	3,382,067	5,408,499	530,281	957,441	1,487,723	1,108,841		2,596,564	1,980,871	3,089,712	4,577,435
North America	250,317	423,051	673,368	427,704		1,101,072	425,249	852,953	1,526,322	241,518	529,120	770,638	-		-	-	-	-
USA*	-	-	-	-		-	-	-	-	-	-	-	430,529		1,188,351	204,675	635,204	1,393,026
Central and South America	39,672	295,664	335,337	290,899		626,236	1,200,208	1,491,108	1,826,445	67,280	168,699	235,980	299,053		535,034	967,139	1,266,193	1,502,174
Europe	89,115	83,057	172,173	79,036		251,209	159,084	238,121	410,294	108,437	101,779	210,217	97,032		307,249	250,578	347,611	557,828
Asia	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Others	394,177	451,375	845,553	354,332		1,199,885	445,552	799,884	1,645,437	113,045	157,841	270,887	282,225		565,929	571,293	853,519	1,124,406
Composition ratio (%)
Japan	84.1%	70.6%	77.8%	72.1%		76.0%	56.8%	63.6%	70.6%	81.6%	75.7%	78.2%	74.2%		76.6%	65.0%	69.0%	72.7%
Overseas	15.9%	29.4%	22.2%	27.9%		24.0%	43.2%	36.4%	29.4%	18.4%	24.3%	21.8%	25.8%		23.4%	35.0%	31.0%	27.3%
North America	5.2%	9.9%	7.4%	10.4%		8.3%	8.2%	9.2%	8.3%	8.4%	13.4%	11.3%	-		-	-	-	-
USA*	-	-	-	-		-	-	-	-	-	-	-	10.0%		10.7%	3.6%	6.4%	8.3%
Central and South America	0.8%	6.9%	3.7%	7.1%		4.7%	23.2%	16.0%	9.9%	2.3%	4.3%	3.5%	7.0%		4.8%	17.1%	12.7%	9.0%
Europe	1.8%	1.9%	1.9%	1.9%		1.9%	3.1%	2.6%	2.2%	3.8%	2.6%	3.1%	2.3%		2.8%	4.4%	3.5%	3.3%
Asia	-	-	-	-		-	-	-	-	-	-	-	-		-	-	-	-
Others	8.1%	10.6%	9.3%	8.6%		9.1%	8.6%	8.6%	8.9%	3.9%	4.0%	4.0%	6.6%		5.1%	10.1%	8.6%	6.7%

*: Indicating separately as the sales amount has exceeded 10% of consolidated revenue as at November 2019.

*: Sales in Asia is listed separately from the first quarter of the fiscal year ending February 28, 2022.

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