Paramount Bed Holdings Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 17,139 million against JPY 17,586 million a year ago. Operating income was JPY 1,782 million against JPY 2,102 million a year ago. Net income was JPY 1,247 million or JPY 41.50 per diluted share against JPY 1,516 million or JPY 50.92 per diluted share a year ago.

For the six months ending September 30, 2019, on consolidated basis, the company expects net sales of JPY 38,100 million, operating income of JPY 4,400 million and net income of JPY 3,100 million or JPY 103.12 per basic share.

For the fiscal year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 83,000 million, operating income of JPY 11,000 million and net income of JPY 7,800 million or JPY 259.45 per basic share.