Ankündigung • Jan 02
Freund Corporation to Delist from Standard Market Segment of the Tokyo Stock Exchange, Effective Jan. 27, 2026 Freund Corporation will be delisted from Standard Market Segment of the Tokyo Stock Exchange effective from Jan. 27, 2026. Ankündigung • Nov 01
Freund Corporation to Report Q3, 2026 Results on Jan 09, 2026 Freund Corporation announced that they will report Q3, 2026 results on Jan 09, 2026 Ankündigung • Oct 30
Iwao Fusejima director of Freund Corporation completed the acquisition of an additional 75.49% stake in Freund Corporation (TSE:6312) from Japan Absolute Value Fund, L.P. managed by Kaname Capital L.P. in a management buyout transaction for ¥12.1 billion. Iwao Fusejima director of Freund Corporation proposed to acquire an additional 88.40% stake in Freund Corporation (TSE:6312) from Japan Absolute Value Fund, L.P. managed by Kaname Capital L.P. in a management buyout transaction for ¥14.2 billion on July 14, 2025. A cash consideration of ¥14.185 billion will be paid by the buyer. As part of consideration, ¥14.185 billion is paid towards common equity of Freund Corporation. As per the announcement dated August 8, 2025 Japan Absolute Value Fund, L.P. managed by Kaname Capital L.P. has cancelled to tender their shares in Freund Corporation.
The transaction is subject to minimum tender. The Board of Directors of Freund Corporation formed a special committee for the transaction. As of September 29, 2025 the tender offer completion period has been extended to October 14, 2025 from September 30, 2025.
TMI Associates and Okada, Imanishi & Yamamoto Law Office acted as legal advisor for Freund Corporation. PwC Advisory LLC acted as financial advisor for Freund Corporation. CO Partners Co., Ltd. acted as financial and Kitahama Partners Corporation acted as legal advisor to Iwao Fusejima. Daiwa Securities Co., Ltd. acted as tender offer agent.
Iwao Fusejima director of Freund Corporation completed the acquisition of an additional 75.49% stake in Freund Corporation (TSE:6312) from Japan Absolute Value Fund, L.P. managed by Kaname Capital L.P. in a management buyout transaction for ¥12.1 billion on October 28, 2025. Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥35.46 (vs JP¥5.15 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.46 (up from JP¥5.15 in 2Q 2025). Revenue: JP¥6.99b (up 35% from 2Q 2025). Net income: JP¥600.0m (up JP¥513.0m from 2Q 2025). Profit margin: 8.6% (up from 1.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 46% to JP¥1,098. The fair value is estimated to be JP¥1,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 59%. Revenue is forecast to grow by 4.4% in 2 years. Earnings are forecast to grow by 6.6% in the next 2 years. Ankündigung • Jul 29
Freund Corporation to Report Q2, 2026 Results on Oct 10, 2025 Freund Corporation announced that they will report Q2, 2026 results on Oct 10, 2025 Board Change • Jul 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Miyake was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Jul 15
First quarter 2026 earnings released: EPS: JP¥17.50 (vs JP¥12.13 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥17.50 (up from JP¥12.13 loss in 1Q 2025). Revenue: JP¥5.54b (up 34% from 1Q 2025). Net income: JP¥296.0m (up JP¥501.0m from 1Q 2025). Profit margin: 5.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 15
Iwao Fusejima director of Freund Corporation proposed to acquire an additional 88.40% stake in Freund Corporation (TSE:6312) in a management buyout transaction for ¥14.2 billion. Iwao Fusejima director of Freund Corporation proposed to acquire an additional 88.40% stake in Freund Corporation (TSE:6312) in a management buyout transaction for ¥14.2 billion on July 14, 2025. A cash consideration of ¥14.19 billion will be paid by the buyer. As part of consideration, ¥14.19 billion is paid towards common equity of Freund Corporation.
The transaction is subject to minimum tender. The Board of Directors of Freund Corporation formed a special committee for the transaction.
TMI Associates acted as legal advisor for Freund Corporation. PwC Advisory LLC acted as financial advisor for Freund Corporation. CO Partners Co., Ltd. acted as financial and Kitahama Partners Corporation acted as legal advisor to Iwao Fusejima. Daiwa Securities Co., Ltd. acted as tender offer agent. Reported Earnings • Jun 03
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥37.67 (down from JP¥45.40 in FY 2024). Revenue: JP¥23.4b (up 2.2% from FY 2024). Net income: JP¥637.0m (down 17% from FY 2024). Profit margin: 2.7% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • May 27
Freund Corporation to Report Q1, 2026 Results on Jul 14, 2025 Freund Corporation announced that they will report Q1, 2026 results on Jul 14, 2025 Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥37.67 (down from JP¥45.40 in FY 2024). Revenue: JP¥23.4b (up 2.2% from FY 2024). Net income: JP¥637.0m (down 17% from FY 2024). Profit margin: 2.7% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 14
Freund Corporation, Annual General Meeting, May 29, 2025 Freund Corporation, Annual General Meeting, May 29, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥666, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 1.1% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.3%). Ankündigung • Feb 03
Freund Corporation to Report Fiscal Year 2025 Results on Apr 11, 2025 Freund Corporation announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 14
Third quarter 2025 earnings released: EPS: JP¥13.71 (vs JP¥3.61 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥13.71 (up from JP¥3.61 loss in 3Q 2024). Revenue: JP¥5.61b (up 22% from 3Q 2024). Net income: JP¥232.0m (up JP¥293.0m from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Ankündigung • Oct 26
Freund Corporation to Report Q3, 2025 Results on Jan 10, 2025 Freund Corporation announced that they will report Q3, 2025 results on Jan 10, 2025 Reported Earnings • Oct 16
Second quarter 2025 earnings released: EPS: JP¥5.15 (vs JP¥7.93 in 2Q 2024) Second quarter 2025 results: EPS: JP¥5.15 (down from JP¥7.93 in 2Q 2024). Revenue: JP¥5.19b (down 3.6% from 2Q 2024). Net income: JP¥87.0m (down 35% from 2Q 2024). Profit margin: 1.7% (down from 2.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 15
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th February 2025 Payment date: 31st May 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 27
Freund Corporation to Report Q2, 2025 Results on Oct 11, 2024 Freund Corporation announced that they will report Q2, 2025 results on Oct 11, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$73.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥622, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Jul 18
First quarter 2025 earnings released: JP¥12.13 loss per share (vs JP¥1.08 loss in 1Q 2024) First quarter 2025 results: JP¥12.13 loss per share (further deteriorated from JP¥1.08 loss in 1Q 2024). Revenue: JP¥4.12b (down 1.8% from 1Q 2024). Net loss: JP¥205.0m (loss widened JP¥187.0m from 1Q 2024). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jun 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥45.40 (up from JP¥32.13 loss in FY 2023). Revenue: JP¥22.9b (up 17% from FY 2023). Net income: JP¥764.0m (up JP¥1.30b from FY 2023). Profit margin: 3.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Ankündigung • May 24
Freund Corporation to Report Q1, 2025 Results on Jul 11, 2024 Freund Corporation announced that they will report Q1, 2025 results on Jul 11, 2024 Ankündigung • Apr 14
Freund Corporation, Annual General Meeting, May 30, 2024 Freund Corporation, Annual General Meeting, May 30, 2024. New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 110% Earnings have declined by 26% per year over the past 5 years. Ankündigung • Feb 29
Freund Corporation to Report Fiscal Year 2024 Results on Apr 12, 2024 Freund Corporation announced that they will report fiscal year 2024 results on Apr 12, 2024 Upcoming Dividend • Feb 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 31 May 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 14
Third quarter 2024 earnings released: JP¥3.61 loss per share (vs JP¥1.08 profit in 3Q 2023) Third quarter 2024 results: JP¥3.61 loss per share (down from JP¥1.08 profit in 3Q 2023). Revenue: JP¥4.59b (up 16% from 3Q 2023). Net loss: JP¥61.0m (down 439% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 17
Freund Corporation to Report Q3, 2024 Results on Jan 12, 2024 Freund Corporation announced that they will report Q3, 2024 results on Jan 12, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥7.93 (vs JP¥1.67 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.93 (up from JP¥1.67 in 2Q 2023). Revenue: JP¥5.38b (up 7.7% from 2Q 2023). Net income: JP¥133.0m (up 375% from 2Q 2023). Profit margin: 2.5% (up from 0.6% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 30
Freund Corporation to Report Q2, 2024 Results on Oct 12, 2023 Freund Corporation announced that they will report Q2, 2024 results on Oct 12, 2023 Reported Earnings • Jul 16
First quarter 2024 earnings released: JP¥1.08 loss per share (vs JP¥2.69 loss in 1Q 2023) First quarter 2024 results: JP¥1.08 loss per share (improved from JP¥2.69 loss in 1Q 2023). Revenue: JP¥4.20b (up 19% from 1Q 2023). Net loss: JP¥18.0m (loss narrowed 60% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • May 19
Freund Corporation to Report Q1, 2024 Results on Jul 11, 2023 Freund Corporation announced that they will report Q1, 2024 results on Jul 11, 2023 Reported Earnings • May 10
Full year 2023 earnings released: JP¥32.13 loss per share (vs JP¥32.43 profit in FY 2022) Full year 2023 results: JP¥32.13 loss per share (down from JP¥32.43 profit in FY 2022). Revenue: JP¥19.7b (up 12% from FY 2022). Net loss: JP¥538.0m (down 199% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥20.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 30 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Ankündigung • Feb 01
Freund Corporation to Report Fiscal Year 2023 Results on Apr 13, 2023 Freund Corporation announced that they will report fiscal year 2023 results on Apr 13, 2023 Ankündigung • Jan 24
Freund Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 Freund Corporation revised consolidated guidance results for the fiscal year ending February 28, 2023. For the fiscal year ending February 28, 2023, the company now expects net sales of ¥19,500 million as compared to previous forecast of ¥18,500 million, Operating profit of ¥150 million as compared to previous forecast of ¥700 million, Profit attributable to owners of parent of ¥100 million or ¥5.97 per share as compared to previous forecast Of ¥450 million or ¥26.87 per share. Reported Earnings • Jan 13
Third quarter 2023 earnings released: EPS: JP¥1.08 (vs JP¥2.63 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.08 (down from JP¥2.63 in 3Q 2022). Revenue: JP¥3.97b (flat on 3Q 2022). Net income: JP¥18.0m (down 59% from 3Q 2022). Profit margin: 0.5% (down from 1.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Ankündigung • Nov 30
Freund Corporation to Report Q3, 2023 Results on Jan 12, 2023 Freund Corporation announced that they will report Q3, 2023 results on Jan 12, 2023 Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). President, CEO & Representative Director Iwao Fusejima is the most experienced director on the board, commencing their role in 2008. Independent Outside Director Hisashi Tanaka was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 09
Second quarter 2023 earnings released: EPS: JP¥1.67 (vs JP¥4.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.67 (down from JP¥4.84 in 2Q 2022). Revenue: JP¥5.00b (up 22% from 2Q 2022). Net income: JP¥28.0m (down 65% from 2Q 2022). Profit margin: 0.6% (down from 2.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 10
First quarter 2023 earnings released: JP¥2.69 loss per share (vs JP¥8.66 profit in 1Q 2022) First quarter 2023 results: JP¥2.69 loss per share (down from JP¥8.66 profit in 1Q 2022). Revenue: JP¥3.54b (down 11% from 1Q 2022). Net loss: JP¥45.0m (down 131% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 03
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: JP¥17.6b (up 5.2% from FY 2021). Net income: JP¥543.0m (down 45% from FY 2021). Profit margin: 3.1% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.6%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). President, CEO & Representative Director Iwao Fusejima is the most experienced director on the board, commencing their role in 2008. Independent Outside Director Hisashi Tanaka was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 15
Freund Corporation, Annual General Meeting, May 27, 2022 Freund Corporation, Annual General Meeting, May 27, 2022. Reported Earnings • Apr 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥32.43 (down from JP¥59.42 in FY 2021). Revenue: JP¥17.6b (up 5.2% from FY 2021). Net income: JP¥543.0m (down 45% from FY 2021). Profit margin: 3.1% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 21%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%). Ankündigung • Jan 30
Freund Corporation to Report Fiscal Year 2022 Results on Apr 13, 2022 Freund Corporation announced that they will report fiscal year 2022 results on Apr 13, 2022 Reported Earnings • Jan 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥2.63 (down from JP¥5.61 in 3Q 2021). Revenue: JP¥3.94b (up 3.4% from 3Q 2021). Net income: JP¥44.0m (down 53% from 3Q 2021). Profit margin: 1.1% (down from 2.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 56%. Earnings per share (EPS) surpassed analyst estimates by 56%. Over the next year, revenue is forecast to grow 17%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 08
Second quarter 2022 earnings released: EPS JP¥4.84 (vs JP¥18.16 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥4.09b (up 3.1% from 2Q 2021). Net income: JP¥81.0m (down 73% from 2Q 2021). Profit margin: 2.0% (down from 7.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 09
First quarter 2022 earnings released: EPS JP¥8.66 (vs JP¥7.23 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.96b (up 29% from 1Q 2021). Net income: JP¥145.0m (up JP¥266.0m from 1Q 2021). Profit margin: 3.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥59.42 (vs JP¥22.75 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥16.8b (flat on FY 2020). Net income: JP¥995.0m (up 161% from FY 2020). Profit margin: 5.9% (up from 2.3% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS JP¥59.42 (vs JP¥22.75 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥16.8b (flat on FY 2020). Net income: JP¥995.0m (up 161% from FY 2020). Profit margin: 5.9% (up from 2.3% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥828 The company is up 21% from its price of JP¥685 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥312 per share. Reported Earnings • Jan 09
Third quarter 2021 earnings released: EPS JP¥5.61 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥3.81b (down 11% from 3Q 2020). Net income: JP¥94.0m (up 114% from 3Q 2020). Profit margin: 2.5% (up from 1.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥770 The company is up 6.0% from its price of JP¥729 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥316 per share. Ankündigung • Dec 31
Freund Corporation to Report Q3, 2021 Results on Jan 08, 2021 Freund Corporation announced that they will report Q3, 2021 results on Jan 08, 2021 Is New 90 Day High Low • Dec 21
New 90-day high: JP¥744 The company is up 10.0% from its price of JP¥676 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥316 per share. Ankündigung • Dec 02
Freund Corporation Signs an Agreement with Shanghai Chineway Pharmaceutical Technology Co., Ltd Freund Corporation signed an agreement with Shanghai Chineway Pharmaceutical Technology Co., Ltd. to establish a joint venture in China. By establishing a formulation research facility that handles both pharmaceutical manufacturing equipment and excipient in China, The company is able to strengthen product development support for Chinese pharmaceutical companies, and by collectively testing both of its equipment and excipient products, product recognition can be further increased. Name of the joint venture Freund-Chineway Pharmaceutical Technology Center Co., Ltd. Ankündigung • Nov 06
Freund Corporation (JASDAQ:6312) acquired Cos.Mec Srl from Angelo Lamanna for ¥1.2 billion. Freund Corporation (JASDAQ:6312) acquired Cos.Mec Srl from Angelo Lamanna for ¥1.2 billion on November 5, 2020. Upon completion, Freund will hold 100% stake in Cos.Mec. Cos.Mec reported total assets of ¥1.4 billion, net assets of ¥236 million, revenues of ¥1.2 billion and operating profit of ¥77 million in the year ending on December 2019.
Freund Corporation (JASDAQ:6312) completed the acquisition of Cos.Mec Srl from Angelo Lamanna on November 5, 2020. Reported Earnings • Oct 08
First half earnings released Over the last 12 months the company has reported total profits of JP¥571.0m, up 54% from the prior year. Total revenue was JP¥17.0b over the last 12 months, up 5.5% from the prior year. Is New 90 Day High Low • Oct 07
New 90-day high: JP¥734 The company is up 9.0% from its price of JP¥675 on 09 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥224 per share.