Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

July 30, 2019

Consolidated Financial Results
for the First Three Months of the Fiscal Year Ending March 31, 2020
<under Japanese GAAP>
Company name: Paramount Bed Holdings Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code: 7817
URL:
http://www.paramountbed-hd.co.jp
Representative: Kyosuke Kimura, President and Chief Executive Officer
Contact:
Tatsuya Udagawa, General Manager Finance Dept.
TEL: 03-3648-1100
Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results presentation meeting:

August 8, 2019
–NoneNone(Millions of yen with fractional amounts discarded, unless otherwise noted)

1.

Consolidated financial results for the first three months of the fiscal year ending
March 31, 2020 (from April 1, 2019 to June 30, 2019)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating income

Millions of yen% Millions of yen

Net income attributableto owners of the parent

Ordinary income% Millions of yen% Millions of yen%

June 30, 201917,139(2.5)

1,782 (15.2)

1,751 (20.4)

1,247 (17.7)

June 30, 2018

17,586

9.8

2,102

2,200

1,516

34.9

Note: Comprehensive income Three months ended June 30, 2019: ¥1,096 million:
Three months ended June 30, 2018: ¥1,782 million:
Basic net income
per share(8.4)[(38.5)%][(1.3)%]

Diluted net income
per share

Three months endedYen

Yen

June 30, 2019

41.50

-

June 30, 2018

50.92

50.41

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

June 30, 2019

140,564

107,835

76.7

March 31, 2019

144,006

108,24275.2

Reference: Equity
As of June 30, 2019:
As of March 31, 2019:¥107,835 million¥108,241 million-1-(9.2)

2.

Dividends
Dividends per shareFirst quarter-end

Second quarter-end Third quarter-end

Fiscal year-end

TotalYen

Yen

Yen

Yen

Yen–50.00

–

50.00

100.0050.00–50.00100.00

Fiscal year ended
March 31, 2019
Fiscal year ending
March 31, 2020
Fiscal year ending
March 31, 2020
(Forecast)–Note: Revisions to the dividends forecasts most recently announced: None3.

Consolidated earnings forecasts for the fiscal year ending March 31, 2020
(from April 1, 2019 to March 31, 2020)(Percentages indicate year-on-year changes.)
Net sales

Operating income

Ordinary income

Net income
attributable toowners of the parent

Millions ofyen

Millions ofyen

Millions ofyen%Millions ofyen%

Six months ending
September 30, 2019

38,100

3.6

4,400

(9.6)

Fiscal year ending
March 31, 2020

83,000

3.6

11,000

4.0%

Basic net
incomeper share%Yen

4,600 (13.0)

3,100 (16.1)

103.12

11,4007,800

259.45

4.4

16.3

Note: Revisions to the earnings forecasts most recently announced: None
*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in
the change in scope of consolidation): None
(2) Application of special accounting for preparing quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatementa. Changes in accounting policies in accordance with changes in accounting standards, etc.: Noneb. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement: None(4)

Number of shares issued (common shares)
a. Number of shares issued at the end of the period (including treasury shares)
As of June 30, 2019
As of March 31, 2019b.

30,877,487 shares
30,877,487 shares

Number of treasury shares at the end of the period
As of June 30, 2019
As of March 31, 2019c.

814,410 shares814,360 shares

Average number of shares outstanding during the period (cumulative from the beginning of thefiscal year)
Three months ended June 30, 2019
Three months ended June 30, 2018

30,063,090 shares
29,777,264 shares-2-* Quarterly financial results reports are not required to be subjected to quarterly reviews.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on information
currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, the statements
herein do not constitute assurances regarding the Company’s actual results. Actual financial and other results may
differ substantially from the statements herein due to various factors. Please refer to “1. Qualitative information
regarding financial results for the first three months, (3) Information regarding consolidated earnings forecasts andother forward-looking statements” on page 3 of the attached materials for the suppositions that form the assumptions
for the earnings forecasts and cautions regarding the use of the earnings forecasts.

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