July 17, 2024

Summary of Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending February 28, 2025
(Three Months Ended May 31, 2024)[Japanese GAAP]
Listing: Tokyo Stock Exchange
6312
URL: https://www.freund.co.jp
Iwao Fusejima, President & CEO
Hiroaki Sekiwa, Executive Officer, General Manager, Corporate Administration Division
Tel: +81-3-6890-0750
Scheduled date of filing of Quarterly Report:
July 16, 2024
Scheduled date of payment of dividend:
Preparation of supplementary materials for quarterly financial results: NoneNone
Holding of quarterly financial results meeting:Company name:Securities code:
Representative:
Contact:

Freund Corporation(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter (March 1, 2024 – May 31, 2024) of theFiscal Year Ending February 28, 2025
(1) Consolidated results of operations(Percentages represent year-on-year changes)
Net sales

Operating profit

Million yen

Three months ended May 31, 2024
Three months ended May 31, 2023
Note: Comprehensive income%Million yen%

Million yen%

4,124(1.8)
(264)
(247)
4,200
18.8(29)(17)
Three months ended May 31, 2024: (16) million yen
Three months ended May 31, 2023:
71 million yen
Diluted net income
Net income per shareper share
Yen

Three months ended May 31, 2024
Three months ended May 31, 2023
Reference: Equity in earnings of affiliates

Profit attributable toowners of parent

Ordinary profit

Million yen%

(205)
(18)
(-%)
(down 78.5%)-Yen(12.16)(1.12)
Three months ended May 31, 2024:
Three months ended May 31, 2023:(11) million yen(3) million yen(2) Consolidated financial position
Total assetsNet assets

Million yen

As of May 31, 2024
As of Feb. 29, 2024
Reference: Equity capital

Equity ratio

Million yen

Net assets per share%

25,272
14,67725,78915,023As of May 31, 2024: 14,677 million yen

Yen

58.1
868.7258.3
889.03As of Feb. 29, 2024: 15,023 million yen

2. Dividends
1Q-endDividend per share
3Q-end2Q-endYen

Year-end

Total

Yen

Yen

Yen

Yen

Fiscal year ended Feb. 29, 2024
0.00
Fiscal year ending Feb. 28, 2025
Fiscal year ending Feb. 28, 2025 (forecast)
0.00
Note: Revision to the most recently announced dividend forecast: None-20.00

20.00-25.00

25.00

3. Consolidated Forecast for the Fiscal Year Ending February 28, 2025 (March 1, 2024 – February 28, 2025)
Net sales
Million yen(Percentages represent year-on-year changes)
Profit attributable toNet income per
Ordinary profit
owners of parent
share

Operating profit

Million yen%

Million yen%

Yen

Full year
23,5002.6
1,100(13.4)
1,100
Note: Revision to the most recently announced consolidated forecast: None%

Million yen%

(14.4)

7700.745.76

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
Newly added: -Excluded: -(2) Application of special accounting methods for presenting quarterly consolidated financial statements: Yes(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others:None2) Changes in accounting policies other than 1) above:None3) Changes in accounting-based estimates:

None4) Restatements:

None(4) Number of outstanding shares (common stock)1) Number of shares outstanding at the end of the period (including treasury shares)
As of May 31, 2024:

18,400,000 shares

As of Feb. 29, 2024:

18,400,000 shares

As of Feb. 29, 2024:

1,501,308 shares

2) Number of treasury shares at the end of the period
As of May 31, 2024:

1,503,851 shares

3) Average number of shares outstanding during the period
Three months ended May 31, 2024:

16,898,650 shares

Three months ended May 31, 2023: 16,744,520 sharesThis financial report is not subject to quarterly review by certified public accountants or auditing firms.
Cautionary statement with respect to forecasts of future performance and other special items
Statements about future performance, including forecasts in this document are based on certain assumptions that the Company
considers to be reasonable and relies on and the information currently available. Actual performance may significantly differ due
to various reasons.