Freund Report

Overview

The report details FREUND CORPORATION's performance for the fiscal year ended February 28, 2021, highlighting the impact of the COVID-19 pandemic on global operations and the successful acquisition of Cos.Mec S.r.l. in Italy. The company expanded its global footprint with a new joint venture in China and strengthened its five-pillar structure across Japan, the U.S., Europe, India, and China. Despite challenges, FREUND achieved financial results in line with forecasts, increased operating profit in the U.S. due to government subsidies, and advanced its 8th Medium-Term Management Plan focused on sustainable growth and global management. The report also outlines ongoing business process reforms and the integration of machinery and chemicals business segments.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2021
Period: 1 March 2020 – 28 February 2021
Language: English
Pages
File size

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