Freund Corporation reported consolidated earnings results for the nine months ended November 30, 2016. For the period, the company reported net sales of JPY 14,767 million against JPY 13,081 million a year ago. Operating income was JPY 1,441 million against JPY 727 million a year ago. Ordinary income was JPY 1,486 million against JPY 784 million a year ago. Profit attributable to owners of parent was JPY 815 million or JPY 47.30 per share against JPY 422 million or JPY 24.49 per share a year ago.

For the fiscal year ending February 28, 2017, the company expects net sales of JPY 20,000 million, operating income of JPY 1,900 million, ordinary income of JPY 1,900 million and profit attributable to owners of parent of 1,180 million or JPY 68.43 per share.