Paramount Bed Holdings Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Fiscal Year Ending March 31, 2018
July 30, 2017
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Paramount Bed Holdings Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 16,017 million against JPY 15,493 million a year ago. Operating income was JPY 1,559 million against JPY 1,819 million a year ago. Ordinary income was JPY 2,402 million against JPY 1,124 million a year ago. Net income was JPY 1,670 million or JPY 60.50 per diluted share against JPY 700 million or JPY 24.62 per diluted share a year ago.
For the six months ending September 30, 2017, on consolidated basis, the company expects net sales of JPY 34,200 million, operating income of JPY 4,400 million, ordinary income of JPY 4,500 million and net income of JPY 3,000 million or JPY 108.64 per basic share.
For the fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 76,000 million, operating income of JPY 11,500 million, ordinary income of JPY 11,800 million and net income of JPY 8,000 million or JPY 289.71 per basic share.
PARAMOUNT BED HOLDINGS CO., LTD. is a holding company mainly engaged in the manufacture and sale of beds for medical and welfare use. Through its subsidiaries and associated companies, the Company is involved in the manufacture and sale of beds for medical and welfare use, mattresses, furniture for hospital room use, and medical equipment and fixtures, the inspection, repair, sterilization, maintenance and leasing of beds and mattresses, the rental and wholesale of welfare equipment, as well as the operation of insurance agency business, among others.
Paramount Bed Holdings Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Fiscal Year Ending March 31, 2018