41stBusiness Report
From April 1, 2022 to March 31, 2023

Securities code: 7817
PARAMOUNT BED HOLDINGS CO., LTD.

Top Message

To p M e s s a g e

We create comfortable,
healthy environments throughcutting-edge technology witha human touch.
We extend our heartfelt thanks to our shareholders for their ongoing support.
The Company hereby provides reports in relation to the overview of business andthe financial results for the 41st term (from April 1, 2022 to March 31, 2023).

President and Chief Executive OfficerTomohiko Kimura

Business Results for the Fiscal Year under Review

Future Business Development

With regard to consolidated business results for the fiscal year

In April 2020, we formulated “Paramount Vision 2030,” which

under review, the business environment remained challenging due

describes the type of company we aim to be in 2030, and ato rising raw material prices and distribution costs and shortage

medium-term business plan that divides the 10 years until theof parts supplies including semiconductors. However, as a result

achievement of that vision in 2030 into three phases. The fiscalof our efforts to implement various measures to respond flexibly

year ending March 31, 2024 is the final year of the first phase. This

to increased demand associated with the promotion of work

phase is positioned as an investment phase with a view to growthstyle reforms for medical and nursing care staff, etc., the medical

over the next 10 years that upholds a basic policy of the “expansioncare, the nursing care, and the health promotion businesses eachof current business,” “fully engaging in health promotion business”

exceeded the previous fiscal year, and net sales came to ¥99,009

and “establishing the foundations for change.” In October 2022, wemillion, reaching a new record high for the third consecutive fiscal

launched a CVC (Corporate Venture Capital) fund as an initiative toyear. In terms of profits, operating profit came to ¥13,452 million

create new synergies in the medical care, the nursing care, and the(up 9.0% year on year) and ordinary profit came to ¥14,139 million

health promotion businesses by collaborating with companies with(up 4.4% year on year), while net profit came to ¥9,215 million

technologies and know-how that we do not possess. In addition,(up 1.3% year on year), also reaching new record highs in terms of

we are working on updating and renewing our Enterprise Resource

profits, respectively.

Planning system to streamline business processes and further

The Company paid a year-end dividend of ¥31 per share, which

accelerate management decisions, and plan to launch the newis an increase of ¥2 over initial forecasts, for the fiscal year undersystem in the second half of the fiscal year ending March 31, 2024.

review. As a result, in combination with the interim dividend of ¥28

We will focus on building foundations and expanding business inper share, the annual dividend came to ¥59 per share. From thevarious fields to make even greater progress in the second phaseperspective of stable and sustained returns to shareholders, theand beyond. Going forward, we humbly ask our shareholders for

Company intends to pay interim and year-end dividends of ¥31 andtheir understanding and support.

¥31 per share, respectively, resulting in an annual dividend of ¥62
per share for the next fiscal year. As a result, dividends are expected
to increase for the fourth consecutive fiscal year.

Topics▶Paramount Bed and The University of Tokyo
established a social implementation course todevelop telemedicine systems, etc.
▶Paramount Care Service established
Kita-Osaka Maintenance Center▶Paramount Care Service became the first in Japanto receive “Safety Maintenance Authorization”▶Paramount Bed developed an educational programfor junior high school students to learn about sleep

To p i c s

2022

Started a CVC fundApr.
MayJun.
Jul.

▶Awarded the “Good Design 2022” in Indonesia▶Paramount Bed presented on the effectiveness ofnursing care bed use at the LIFE2022 conference

Paramount Care Service received
a certificate of appreciation fromSuita City, Osaka Prefecture
Paramount Care Service received a certificate ofappreciation from Keiji Goto, Mayor of Suita City,
Osaka Prefecture for its contribution to support
measures for Ukrainian evacuees in Suita City.

Received certification as a 2023 Certified Health &Productivity Management Outstanding Organizations
Recognition Program (Large Enterprise Category)Paramount Bed Holdings and Paramount Bed received
the “2023 Certified Health & Productivity Management
Outstanding Organizations Recognition Program(Large Enterprise Category)” certification, which isawarded to enterprises
recognized as particularlyexcellent in their efforts tomanage and promote thehealth and productivity of
their employees.

A Corporate Venture Capital (CVC) fund wasestablished together with SBI Investment Co., Ltd. toinvest in promising domestic and overseas startup
companies with strengths in the medical care, thenursing care, and the health promotion fields. An
investment of ¥5.0
billion is planned.

▶Exhibited at HCR2022

Aug.
▶Exhibited at Femtech Fes! 2022

Sep.
Oct.
Nov.
Dec.
2023

Jan.
Feb.
Mar.

Paramount Care Service established
Atsugi Maintenance Center
Atsugi Maintenance Center is a large site with a total
floor area of 9,712 m2. The latest automatedequipment, including bed washing machines, mattresswashing machines, and automatic packaging
machines, have been installed to promote improved
productivity andlabor savings inmaintenance andcontribute tobuilding a systemthat can respondquickly to growing
demand in theKanto region.
Exterior of the Atsugi Maintenance Center▶Paramount Care Service established
Kita-Kyusyu Branch

Special FeatureSpecial Feature[New Product] Full update of the “INTIME 1000,”
an electric bed for general household use~Redesigned for improved usability~
In April 2023, we fully updated the “INTIME 1000,” anelectric bed for general household use which is superiorly
designed and can “transform” into a nursing care bed whennecessary. We gave the hand switch a more compact andstylish design and added features such as an LED lightthat can also be used as a reading light and a USB port on
the holder for charging smartphones and other devices.
We added functions and structures that have been often
requested for conventional electric beds to improve
convenience, such as a structure that allows for robotvacuum cleaners to pass underneath the body of the bed
and an optional accessory compartment that follows when

Conceptual illustration of “INTIME 1000” in use

the back of the bed is raised. Suggested retail price starts
at ¥158,000 (tax-exempt; mattress, etc. not included).

Main Features

LED light

USB port

Convenient functions such as
an LED light and USB port on
the hand switch

Heightchangeable
by 6.5 cm

Neat foot structure that allows
robot vacuum cleaners to passunderneath

Optional accessory compartment
with easy access when the backof the bed is raisedFinancial ReviewConsolidated Financial Statements
Consolidated Balance Sheet (Summary)(Millions of Yen)

Previous
Fiscal Year

Consolidated Statement of Income (Summary)(Millions of Yen)

Previous
Fiscal Year

Current
Fiscal Year

Current
Fiscal Year

(From April 1, 2021
to March 31, 2022)(From April 1, 2022
to March 31, 2023)

Item

AmountAmountNet sales

90,35299,009172,293

Operating profit

12,34013,45242,606

43,596

Total net assets

121,675

128,697

Ordinary profit

13,543

14,139Total liabilities and net assets

164,281

172,293

Net profit

9,092

9,215

(As of March 31, 2022)(As of March 31, 2023)

Item

AmountAmountTotal current assets

94,035

97,135

Total non-current assets

70,24675,158

Total assets

164,281

Total liabilities

Consolidated Statement of Cash Flows (Summary)(Millions of Yen)

Previous
Fiscal Year

Item

Cash and cash equivalents
at beginning of year
Cash flows from operating
activities
Cash flows from investing
activities
Cash flows from financing
activities
Effect of exchange rate change
on cash and cash equivalents
Increase (decrease) in cash
and cash equivalents
Increase in cash and cash
equivalents resulting from inclusionof subsidiaries in consolidation
Cash and cash equivalents
at end of year

Current
Fiscal Year

(From April 1, 2021
to March 31, 2022)(From April 1, 2022
to March 31, 2023)

AmountAmount40,75645,462

7,822

9,151

(220)

(6,332)(3,365)(3,232)

469

419

4,705

7–

194

45,462

45,663

Website Information
PARAMOUNT BED HOLDINGS IR ENGLISH

SearchFor moredetailed financial
information, pleaserefer to the various
materials madeavailable on theCompany website.

https://www.paramountbed-hd.co.jp/english/ir

Financial Review

Consolidated net sales by product
Other

Beds

12.0%

33.8%

¥11,926 million

Parts, etc.

¥33,427 million¥4,953 million

5.0%¥99,009million

Rental¥26,935 million

Mattresses¥6,328 million

6.4%

27.2%

Medical Equipment

Ward and Residential Equipment

8.5%

7.1%

¥6,983 million¥8,453 million

Main Companies of the Paramount Bed Holdings GroupNetwork❶PARAMOUNT BED HOLDINGS CO., LTD.
●Consolidated subsidiaries in Japan

Non-consolidated

subsidiaries in Japan●Paramount Bed Co., Ltd.
❷❸Paratechno Co., Ltd.
●❻KP Service Co., Ltd.
●
❹Paramount Care Service Co., Ltd. ❼PARAMOUNT BED●❺Sadashige Special Plywood Co., Ltd.
●Healthcare Fund❿●⓭●⓬●Consolidated subsidiaries overseas

Non-consolidated subsidiaries overseas❽Paramount Bed Asia Pacific Pte. Ltd.
●❾PT. Paramount Bed Indonesia●❿Paramount Bed (China) Co., Ltd.
●
⓫Paramount Bed Vietnam Co., Ltd.
●

⓬Paramount Bed (Thailand) Co., Ltd.
●
⓭Paramount Bed India Pvt. Ltd.
●
⓮Paramount Bed Mexico S.A. de C.V.
●
⓯Paramount Bed USA Corporation❶●●❷❸●●❹●❺❻●❼⓯●
⓮●

⓫●

❽●
❾●

Financial Highlight (Consolidated)Financial Highlight

Key Points for the Fiscal Year under Review• Net sales increased 9.6% year on year due to solid performance in the medical care, the nursing care, and the healthpromotion businesses, reaching a new record high for the third consecutive fiscal year.
• Operating profit increased 9.0% year on year as a result of increased demand and the effects of price revisions, etc.
despite the continued challenging business environment caused by rising raw material prices and distribution costs.

Net sales

Operating profit

99,009 million

13,452 million¥90,35290,000(Millions of yen)

15,00099,009

9,092

9,215

4,925

5,044

40th

41st

8,000

6,297

6,218

4,000

5,000

30,000

2,000

0

0

0

40th

41st

40th

Basic earnings per share¥

Net assets

172,293 million

128,697 million

¥
(Yen)

156.39

41st

Total assets

158.37200

150(Millions of yen)

10,0006,000

60,00046,850¥13,452

12,34010,00041,2379,215 million¥(Millions of yen)

120,000

Net profit

158.37(Millions of yen)

200,000

150,000

164,281¥(Millions of yen)

150,000

172,293

121,675

128,697

100,000
100

84.72

86.73

100,000
50,0005050,000

0040th

41st0

40th

41st

40th

41st
Full year

Half year

Share Information

Stock Info(As of March 31, 2023)

Number of Shares Authorized
Total Number of Shares Issued
Number of Shareholders
Principal Shareholders
Name of shareholders

252,000,000
61,754,974
10,577
Shareholders’ investment inthe Company
Number ofshares held(Thousands of shares)

The Master Trust Bank of Japan, Ltd. (Trust Account)
CTOK Co., LTD.
LLAGE WOOD Co.
Custody Bank of Japan, Ltd. (Trust Account)
Michihide Kimura
Kyosuke Kimura
Kenji Kimura
Tomohiko Kimura
THE BANK OF NEW YORK MELLON (INTERNATIONAL) LIMITED 131800
SION Co., LTD.
WISELIGHT Co., Ltd.

9,989
5,642
4,146
2,030
1,822
1,812
1,781
1,762
1,644
1,375
1,375

Shareholdingratio* Although the Company holds 3,464,828 shares of treasure stock, the shareholding ratio is
calculated after deducting the shares of treasury stock.

Distribution of Shares
Individuals and others
Securities companies
Treasury stock

24.1%
0.8%
5.6%

Financial institutions

25.5%

Foreign companies, etc.

21.5%

Other domestic companies

22.5%

500,000 or more
Less than 1,000

76.1%
3.1%1,000 to 4,999

3.1%

5,000 to 9,999
10,000 to 49,999

1.1%
3.6%

50,000 to 99,999

3.1%

100,000 to 499,999

9.9%

(%)

17.1
9.7
7.1
3.5
3.1
3.1
3.1
3.0
2.8
2.4
2.4

Distribution
by Type ofShareholder

Company Information(As of March 31, 2023)

Company Name
Head Office

Company Info

PARAMOUNT BED HOLDINGS CO., LTD.
14-5, Higashisuna 2-chome, Koto-ku, Tokyo,
Postal code 136-8671, Japan
October 1982
¥4,207 million
3,946 (Consolidated)

Established
Capital
Number of Employees
Business Lines
Control or management of operating companies involved in the manufactureand sale of beds and mattresses, hospital furniture, medical equipment, etc.
for medical and nursing care environments; services such as the inspection,
maintenance, disinfection, and maintenance leases for beds and mattresses;
the rental wholesale business for assistive products; etc. through theownership of shares or through an equity interest.

Shareholder MemoBusiness year
From April 1 of each year to March 31 of the following year
Ordinary general meeting of shareholders
June of each year
Record date of the above
March 31 of each year
When necessary, other record dates will be determined on anextraordinary basis of the prior notification.
Final date for shareholders to receive dividend
Year-end dividend
March 31 of each year
Interim dividend
September 30 of each year
Method of public noticeElectronic public notice will be made. However, if it is impossible
to publish public notices electronically because of unavoidable
circumstances, the public notices shall be made by publication in“The Nikkei” newspaper.
The Company’s URL for public noticehttps://www.paramountbed-hd.co.jp
Shareholder register administrator
3-11 Kandanishiki-cho, Chiyoda-ku, Tokyo (NMF Takebashi Building 6F)
Tokyo Securities Transfer Agent Co., Ltd.
Handling office101-0054
3-11 Kandanishiki-cho, Chiyoda-ku, Tokyo (NMF Takebashi Building 6F)
Head Office, Tokyo Securities Transfer Agent Co., Ltd.
(Contact)
0120-49-7009
Handling operation is conducted in main branch and all domestic branches ofSumitomo Mitsui Trust Bank, Limited.
Mailing address (Contact address)
2-8-4 Izumi, Suginami-ku, Tokyo 168-8522
Operations Center, Tokyo Securities Transfer Agent Co., Ltd.
(Contact)
0120-49-7009

Distributionby Number ofShares Held

[Procedures Related to Shares]●Applications for change of address or for purchase demands of shares less than one unit.
Please send such notifications or applications to the securities company where
your account is held. However, for procedures related to shares registered toa special account, please apply to Tokyo Securities Transfer Agent Co., Ltd.,
which is the administrative organization for special accounts.
●Applications for payment of dividends payable
These are handled by Tokyo Securities Transfer Agent Co., Ltd., which is theshareholder register administrator for shares of the Company.
●ContactTEL: +81-3-3648-1100 (Main) FAX: +81-3-3648-5781
Business Hours: Monday to Friday, 9:00 a.m. to 5:20 p.m.
* Excludes national holidays, summer holidays, and new year holidays.