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.

May 10, 2012

Consolidated Financial Results
for the Fiscal Year Ending March 31, 2012
<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 Representative Director
Contact:
Kenji Ouchi, Executive Officer, General Manager of Finance Division
TEL: 03-3648-1100
Scheduled date to file Securities Report:
June 28, 2012
Scheduled date to commence dividend payments:
June 28, 2019
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results presentation meeting:Yes(for analysts and institutionalinvestors)(Millions of yen with fractional amounts discarded, unless otherwise noted)

1.

Consolidated financial results for the fiscal year ending March 31, 2012
(From April 1, 2011 to March 31, 2012)(1) Consolidated operating results (cumulative)
Net salesYear ended(Percentages indicate year-on-year changes.)

Operating income

Millions of yen% Millions of yen

Ordinary income

Net income% Millions of yen% Millions of yen%March 31, 2012

32,387

–

5,209

–

5,200–

3,033–

March 31, 2011––––––––

Note:

Comprehensive income Year ended March 31, 2012: ¥3,622 million:
Year ended March 31, 2011: ¥– million:

Basic earnings
per share
Year ended

Diluted earnings
per share

[–%]
[–%]

Return on equity

Ratio of ordinary
Ratio of operating
income to total
income to net sales
assetsYenYen%%%March 31, 2012160.19159.46––16.1

March 31, 2011

–––––

Note:

Equity in earnings(losses) of affiliated companies

Year ended March 31, 2012: ¥ – million
Year ended March 31, 2011: ¥ – million(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

March 31, 2012

93,467

70,14574.8

2,278.21

March 31, 2011––––

Reference: Equity

As of March 31, 2012:¥69,881 million-1-As of March 31, 2011:¥– million

(3) Consolidated Cash Flows
Cash flows fromoperating activities
Year ended

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of year

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2012

△1,254

17,430△1,426

15,257

March 31, 2011

––––

2.

Dividends
Total amount
Ratio ofof cash
Payout ratio dividends to net
dividends (Consolidated)assetsDividends per shareFirstSecondThird
Fiscal yearquarter-end quarter-end quarter-end
end

Fiscal year ended
March 31, 2011
Fiscal year ending
March 31, 2012
Fiscal year endingMarch 31, 2013
(Forecast)3.

Total(Annual)

Yen

Yen

Yen

Yen––––––––

30.00

30.00

–

20.00

–

25.00

45.00

(Consolidated)

Yen Millions of yen%%–––920

18.7

–

21.6

Consolidated earnings forecasts for the fiscal year ending March 31, 2013
(from April 1, 2012 to March 31, 2013)(Percentages indicate year-on-year changes.)
Net sales
Millions ofyen*%

Six months ending
September 30, 2012

29,500Fiscal year ending
March 31, 2013

65,500 102.2–

Operating income

Ordinary income

Millions ofyen

Millions ofyen

4,200%–10,700 105.4

4,300%–

10,800 107.7

Basic earnings
per share

Net income
Millions ofyen
2,500%

Yen–

81.51

6,400 111.0

208.66Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in
the change in scope of consolidation): Yes[New:Paramount Bed Co., Ltd.
Excluded: –]Paramount Care Service Co., Ltd
PT. Paramount Bed Indonesia
Paramount Bed (Chine) Co., Ltd(2) 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-2-(3) Number of shares issued (common stock)a. Number of shares issued at the end of the period (including treasury stock)
As of March 31, 2012
As of March 31, 2011b.

30,679,387 shares
7,240,900 shares

Number of shares of treasury stock at the end of the period
As of March 31, 2012
As of March 31, 2011c.

5,512 shares
0 sharesAverage number of shares outstanding during the period (cumulative from the beginning of thefiscal year)
Year ended March 31, 2012
Year ended March 31, 2011

18,937,827 shares
7,240,900 shares* Proper use of earnings forecasts, and other special matters
Caution regarding forward-looking statements and others
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 three 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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