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.