Freund Corporation announced consolidated earnings results for the fourth quarter and full year ended February 28, 2017. For the year, the company reported net sales of ¥21,164 million against ¥19,027 million a year ago. Operating income was ¥2,041 million against ¥1,346 million a year ago. Ordinary income was ¥2,097 million against ¥1,394 million a year ago. Profit was ¥1,064 million or ¥61.72 per share against ¥961 million or ¥55.74 per share a year ago. Capital expenditures were ¥564 million against ¥266 million a year ago. Cash flows from operating activities was ¥3,605 million against ¥290 million a year ago. Purchase of property, plant and equipment was ¥474 million against ¥304 million a year ago. Profit before income taxes was ¥1,783 million against ¥1,141 million a year ago.

For the quarter, the company reported sales of ¥6,397 million against ¥5,945 million a year ago. Consolidated segment profit was ¥600 million against ¥619 million a year ago.

The company provided earnings guidance for the year ending February 28, 2018. For the period, the company expects net sales of ¥21,000 million, operating income of ¥2,100 million, ordinary income of ¥2,100 million, profit of ¥1,400 million and EPS of ¥81.19.