Freund Corporation provided year-end dividend guidance of JPY 20.00 per share for the year ending February 28, 2018 against JPY 20.00 per share paid a year ago.

The company reported consolidated earnings results for the nine months ended November 30, 2017. For the period, the company reported net sales of JPY 13,745 million against JPY 14,767 million a year ago. Operating income was JPY 1,152 million against JPY 1,441 million a year ago. Ordinary income was JPY 1,174 million against JPY 1,486 million a year ago. Profit attributable to owners of parent was JPY 849 million or JPY 49.26 per share against JPY 815 million or JPY 47.30 per share a year ago. Net assets per share were JPY 735.78 as at November 30, 2017.

For the fiscal year ending February 28, 2018, the company expects net sales of JPY 21,000 million, operating income of JPY 2,100 million, ordinary income of JPY 2,100 million and profit attributable to owners of parent of 1,400 million or JPY 31.5 per share.