Freund Corporation Announces Consolidated Earnings Results for the First Quarter Ended May 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending February 29, 2020; Reports Impairment Loss for the First Quarter Ended May 31, 2019
The company provided consolidated earnings guidance for the fiscal year ending February 29, 2020. For the year, the company expects net sales of JPY 17,500 million, operating profit of JPY 1,000 million, ordinary profit of JPY 1,000 million, and profit attributable to owners of parent of JPY 700 million or JPY 41.80 per share.
The company reported impairment loss of JPY 95,000 for the first quarter Ended May 31, 2019.