Paramount Bed Holdings Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended of September 30, 2017; Provides Earnings Guidance for the Year Ending of March 31, 2018; Announces the Dividend for the Six Months Ended of September 30, 2017, Payable on December 4, 2017; Provides Dividend Guidance for the Year Ending of March 31, 2018
October 30, 2017
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Paramount Bed Holdings Co., Ltd. reported consolidated earnings results for the six months ending of September 30, 2017. For the period, the company reported net sales of JPY 34,795 million compared to JPY 32,383 million a year ago. Operating income was JPY 4,379 million compared to JPY 4,443 million a year ago. Ordinary income was JPY 5,769 million compared to JPY 3,887 million a year ago. Net income attributable to owners of the parent was JPY 3,975 million compared to JPY 2,684 million a year ago. Diluted earnings per share were JPY 132.23 compared to JPY 86.82 a year ago.
The company provided earnings guidance for the year ending of March 31, 2018. For the period, the company expects net sales to be of JPY 76,000 million. Operating income expected to be of JPY 11,500 million. Ordinary income expected to be of JPY 12,500 million. Net income attributable to owners of the parent expected to be of JPY 8,500 million. Basic net income per share expected to be of JPY 307.81.
The company announced the dividend for the six months ended of September 30, 2017. For the period, the company announced the dividend of JPY 45.00 per share compared to JPY 40.00 per share a year ago. The dividend will be payable on December 4, 2017.
The company provided dividend guidance for the year ending of March 31, 2018. For the period, the company expects the dividend of JPY 45.00 per share compared to JPY 50.00 per share a year ago.
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 Six Months Ended of September 30, 2017; Provides Earnings Guidance for the Year Ending of March 31, 2018; Announces the Dividend for the Six Months Ended of September 30, 2017, Payable on December 4, 2017; Provides Dividend Guidance for the Year Ending of March 31, 2018