Freund Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2017; Provides Earnings Guidance for the Year Ending February 28, 2018
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.