Paramount Bed Holdings Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
February 02, 2017
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Paramount Bed Holdings Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company reported net sales of JPY 48,730 million compared to JPY 50,020 million a year ago. Operating income was JPY 6,738 million compared to JPY 5,757 million a year ago. Ordinary income was JPY 7,236 million compared to JPY 6,419 million a year ago. Net income was JPY 5,263 million compared to JPY 4,246 million a year ago. Diluted earnings per share were JPY 170.66 compared to JPY 135.49 a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expects net sales of JPY 77,000 million, operating income of JPY 10,700 million, ordinary income of JPY 11,000 million, net income of JPY 7,500 million and basic earnings per share of JPY 263.40.
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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
PARAMOUNT BED HOLDINGS CO., LTD. 
