Paramount Bed Holdings Co., Ltd. Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and for the Full Year Ending March 31, 2019
May 08, 2018
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Paramount Bed Holdings Co., Ltd. announced consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company announced net sales of JPY 77,220 million compared to JPY 73,198 million a year ago. Operating income was JPY 10,661 million compared to JPY 11,015 million a year ago. Ordinary income was JPY 12,161 million compared to JPY 11,788 million a year ago. Net income was JPY 8,366 or JPY 277.06 per diluted share compared to JPY 9,034 million or JPY 294.68 per diluted share a year ago. Return on equity was 8.8% compared to 10.4% a year ago. Cash flows from operating activities were JPY 9,967 million compared to JPY 12,019 million a year ago.
For the six months ending September 30, 2018, on consolidated basis, the company expects net sales of JPY 37,000 million, operating income JPY 4,600 million, ordinary income JPY 4,800 million, net income JPY 3,200 million and basic earnings per share JPY 107.51.
For the fiscal year ending March 31, 2019, on consolidated basis, the company expects net sales of JPY 81,000 million, operating income JPY 11,500 million, ordinary income JPY 11,900 million, net income JPY 8,100 million and basic earnings per share JPY 272.14.
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 Fiscal Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and for the Full Year Ending March 31, 2019