Freund Corporation Announces Consolidated Earnings Results for the Nine Months Ended November 30, 2015; Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2016; Provides Dividend Guidance for the Year Ending February 29, 2016
The company provided consolidated earnings guidance for the fiscal year ending February 29, 2016. For the full year, the company expects net sales of JPY 18,500 million, operating income of JPY 1,350 million, ordinary income of JPY 1,370 million and net income of 800 million or JPY 92.78 per share.
The company provided dividend guidance for the year ending February 29, 2016. The company expects to pay a year-end dividend of JPY 25 per share against JPY 30.00 per share paid a year ago.