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.

October 31, 2019

Consolidated Financial Results
for the First Six 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:

November 13, 2019
December 3, 2019
Yes
Yes (for institutional investors andanalysts)(Millions of yen with fractional amounts discarded, unless otherwise noted)

1.

Consolidated financial results for the first six months of the fiscal year ending
March 31, 2020 (from April 1, 2019 to September 30, 2019)(1) Consolidated operating results (cumulative)
Net sales
Six 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%

September 30, 2019

38,952

6.0

4,940

1.5

4,921

(6.9)

3,450(6.6)

September 30, 201836,759

5.6

4,868

11.2

5,287

(8.4)

3,693

(7.1)

Note:

Comprehensive income Six months ended September 30, 2019: ¥3,164 million:
Six months ended September 30, 2018: ¥4,307 million:
Basic earnings
per share[(26.5%)][0.2%]

Diluted earnings
per share

Six months ended

Yen

Yen

September 30, 2019114.78-September 30, 2018123.52

122.73(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

September 30, 2018

144,064

109,903

76.3

March 31, 2019

144,006

108,24275.2

Reference: Equity
As of September 30, 2019:¥109,902 million
As of March 31, 2019:¥108,241 million-1-2.

Dividends
Dividends per shareFirst quarter-end

Second quarter-end Third quarter-end

Fiscal year-endTotal

Yen

YenYen

Yen

Yen–

50.00

–50.00100.00–50.00–50.00

100.00Fiscal 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

Fiscal year ending
March 31, 2020

Operating income

Ordinary income

Net income
attributable toowners of the parent

Basic netincomeper share

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

83,0003.8

11,0004.0

11,400

4.4

7,800

16.3

259.45

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: Noned. 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 September 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 September 30, 2019
As of March 31, 2019c.

814,410 shares
814,360 shares

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

30,063,084 shares
29,899,871 shares-2-* Indication regarding execution of quarterly review procedures
The completion of quarterly review procedures in accordance with the Financial Instruments and Exchange Act is not
required for preparing this quarterly financial results report. At the time of disclosure of this quarterly financial
results report, the review procedures for quarterly consolidated financial statements in accordance with the FinancialInstruments and Exchange Act are incomplete.
* 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, thestatements herein do not constitute assurances regarding the Company’s actual results. Actual financial and otherresults may differ substantially from the statements herein due to various factors. Please refer to “1. Qualitative
information regarding financial results for the first six months, (3) Information regarding consolidated earnings
forecasts and other forward-looking statements” on page 2 of the attached materials for the suppositions that form theassumptions for the earnings forecasts and cautions regarding the use of the earnings forecasts.

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