Prologue
Integrated Report 2023

03

CONTENTS

Prologue

Value
Creation

GrowthStrategy

Prologue

CapitalStrategy

Corporate
GovernanceCorporateData

04

Integrated Report 2023

Prologue
CONTENTS

Corporate
Data

Smiles for Everyone from Medical and Nursing Careto Health Field

Corporate
GovernanceParamount Vision 2030

CapitalStrategy

as human, for human

GrowthStrategyStatement

Value
Creation

We Create Comfortable Healthcare Environments
through Cutting-edge Technology with a Human Touch

Prologue

Corporate Principles

05

Integrated Report 2023

Prologue
CONTENTS

Message from the CEO

conditions, such as serious personnel shortages due toa shrinking labor force as COVID-19 continues to spreadand populations grow older.
Since its foundation in 1947, the Paramount Bed Group has
contribution through company business.” However, ourpower alone is insufficient to solve social problems.
We must reduce the burden on all of the people involved

CorporateData

conducted business activities based on the idea of “socialCorporate
Governancethe increased demand for medical and nursing care andCapital
Strategy

nursing care workers giving their all every day under harshTomohiko Kimura

GrowthStrategy

I want to express the greatest respect for the medical andPresident andChief Executive Ofﬁcer

Value
Creation

Expressing gratitude for those involved in
medical and nursing care work

PrologueWe want to serve and support ourcustomers for the entirety of their lives
and make everyone smile with a wide
range of diverse services that only theParamount Bed Group can provide.

CEO MESSAGE

06

Integrated Report 2023

Prologue
CONTENTSof all “as humans” and “for humans,” and it is because ofthat the Group takes to heart as we work each day.

this that we are the company we are today.

Products and services developed to supportas many people as possible

became president in 2020, I upheld the future 10-year vision

services, we also provide support services within medicalcare, nursing care, and health promotion.

of “smiles for everyone from medical and nursing care tofacilities and patient satisfaction improvement support

We expanded from our original core business of manufac-

health field.”

services. Our Group undertakes work that does notturing and selling medical beds into the nursing care andThis is the Paramount Vision 2030.

require nursing qualifications, such as preparing beds

health promotion fields, addressing customer needs andAbout a year before I took office as president, I set up aand managing equipment, and helps to support nurses

social problems.

project team to formulate and discuss the vision.

so that they can focus on their important, essential work.

As per the wording of our statement, “as human, forThis vision has incorporated the many ideas expressed

We also provide environmental improvements to ensure

human,” before taking a stance as a business, Paramountin “smiles for everyone.” For example, many people are

greater satisfaction of patients using private rooms. ABed Group has always considered what we can do firststruggling due to increasing burdens placed on staff andpatient who ends up in a sparsely decorated, plain whitepatient families in medical and nursing care settings as

room despite choosing to pay extra for a private room ina result of the shortages of workers. We not only want

addition to regular medical fees simply cannot feel goodto ensure satisfaction for the users of our products, butabout their environment. Considering this, we aim to con-also support the other people around them. Also, wetribute to improving satisfaction by making improvements

fundamentally want people, regardless of gender or age, toto the floor, wall, ceiling, furniture, and so on, to make thecontinue living healthy lives without any need for medical

hospital room feel more like a hotel room. We can evenor nursing care. Furthermore, we want to contribute to theprovide a dedicated concierge to handle detailed needs

lives of all people regardless of nationality, race, etc. Weand requests. Also, we provide schemes to minimize any

are constantly developing and improving our products andadditional burden on hospital management from the fees

services in order to become a company that can provide

for these renovations and changes. The initial fees are not“smiles for everyone.”overly burdensome, the reputation of the hospital rooms

Corporate
Data

Our Group is currently operating three businesses: medical

Corporate
Governancedevelopment, manufacture, sales, rental, and after-sales

CapitalStrategy

down over the years in our Group since its founding, when I

GrowthStrategy

In our medical care business, in addition to product

Value
Creation

In order to further embody the ideas that had been passed

Aspirations of the Paramount Bed Group

Prologuewith medical and nursing care work. This is another mission

07

Integrated Report 2023

Prologue
CONTENTSand mind. The improved performance after a night of higher

this, we also offer an integrated bedside care information

quality sleep is something that anyone can appreciate. Asystem called the Smart Bed System™. It reduces thestudent can study better and actively participate in schoolburden of record-keeping work such as checking bodyclubs. An employee can improve productivity and come up

temperature or blood pressure, and uses a system thatwith good ideas. We aim to support improved performanceenables remote awareness of information—such as whenfor people all around the world.

patients are sleeping, awake, or out of the bed—to achieve
reduced burden.

Paramount’s distinctive values andan assertive approach to reforms
there were numerous uncertain factors in economic

care facilities and assistive product providers. By having

trends such as currency fluctuations, high costs for raw

the Group take on the burden of shipping, collecting,materials, energy and shipping, shortages in the supply of

disinfecting, maintaining, and storing, we reduce the burden

semiconductors and other components, and the situation

on service providers, and we provide safe and reliable

in Ukraine, we set new record highs for both sales andproducts in a timely fashion. In 2022, we opened two new

operating income. These were our third new highs for alarge-scale maintenance centers. We are working to further

third consecutive year. This is proof that we can do even

improve our services. We are also making great efforts

more to help and support our customers when they are

toward developing original products to suit on-site needs in

faced with difficulties. I think that this is a result of beingorder to ensure user satisfaction.

able to implement our Group strengths of our “one-stopIn the health promotion business, we are developing,solution system,” “customer base,” and “ability to turn amanufacturing, and selling products for people who do not

human touch into value.” We are closely communicating

require medical or nursing care services. Sleep is importantwith a large number of stakeholders and making use ofCorporate
Datament, manufacture, sales, rental wholesale, etc., for nursing

Corporate
GovernanceIn the fiscal year ended on March 31, 2023, although

CapitalStrategy

In the nursing care business, we carry out product develop-Growth
Strategy

improved staff’s work efficiency, mistake prevention, andValue
Creationfor recovering from daily fatigue and refreshing the bodyThat kind of positive growth cycle is created. Along with

Prologue

improves, and more patients come to the hospital.

08

Integrated Report 2023

Prologue
CONTENTSsales to recurring revenue, putting full efforts into our healthsupports taking on new challenges. By partnering withpromotion business that is on the way, enhancing overall

start-up companies holding innovative technology andemployee development, and more.

outstanding services that will create the future of theI have two key cultural ideals. The first is a “culture withhealthcare field, the Group gains fresh new perspectives

thorough communication.” An outstanding organizationand energy. I hope that we will generate business synergy

must have and be built from mutual understanding andand create new value while mutually sharing information.

relationships of trust. When we have employees withenough. I always work to convey that “the important thingGrowing while increasing our social
contributions

understood it.”a company that can more fundamentally achieve the idea

think that continuing it in a completely honest way is true

The other ideal is a “culture that encourages challenges.”of “social contribution through company business” thatto the Paramount Bed Group, and it is a merit that I want

While we are currently the No. 1 in domestic market share

we have valued since our founding. Furthermore, we haveto continue to value going forward.

for medical and nursing care beds, in recent years andeclared our 10-year vision of “smiles for everyone fromOn the other hand, there are also things that we must

atmosphere of wanting simply to protect that position has

medical and nursing care to health field” as our Paramountchange. By advocating the Paramount Vision 2030, we

sometimes been noticeable. In order for the Paramount Bed

Vision 2030. These convey the strong commitment that thehave substantially increased our Group stakeholders.

Group to grow in the future, I would like to have a corporate

Group will serve and support our customers for their entire

It is no exaggeration to say that every person alive is aenvironment that says, “Please take on many challenges,”

lifespan as part of the social infrastructure. All employees

stakeholder. In order to more fundamentally personify “as“Taking on new challenges often comes with failures. But

are strongly aware of this significant responsibility, andhuman, for human,” our organization must evolve.

nothing is truly a failure if you learned something,” “Evenwill do everything possible to value our connection to all

To do this, we will be putting special effort into “change injust taking on a new challenge is something great,” andstakeholders.

corporate culture.” We recognize the pivotal role of “changeapplauds people for taking on challenges.

I would like to sincerely ask all of our valued shareholders

in corporate culture” in every aspect, including future issues

Also, corporate venture capital (CVC), cofounded withand investors for their unwavering, continuous support.

CorporateData

on-site voices in product development and services. I

CorporateGovernance

The Paramount Bed Group has gradually transformed intoCapital
Strategy

is not how something was said but how the other party

GrowthStrategy

diverse values, simply increasing conversation is notValue
Creation

SBI Investment Co., Ltd., is an activity that leads to andPrologue

and priority points such as transitioning from sellout-style09

Integrated Report 2023

Prologue
CONTENTS

About the Paramount Bed Group

Prologue

Our Group, centered on Paramount Bed, which manufactures and sells medical and nursing care beds and other products,
develops medical, nursing care, and health-related businesses in and outside of Japan, aiming to contribute to society throughcompany business and sustainably increase corporate value.

[Holding company]

Paramount Bed Holdings Co., Ltd.

Three Businesses

Medical Care Business

Paramount Bed Co., Ltd.
Manufacture and sale of medical and nursing
care beds, mattresses, hospital furniture, andmedical equipment

Paramount Bed Asia Paciﬁc Pte. Ltd.
Paratechno Co., Ltd.
Provision of after-sales services for andmaintenance leasing of the Group products,
on-site services, and other services

Rental wholesale business that rents out a varietyof assistive products to rental service providers

No.1

domestic market share*
environment for users and operational efficiency of nursing
in bed sales and rentals andcare providers through sales and rentals of a wide range ofmonitoring support systems
assistive products for nursing care facilities and home care

Health Promotion Business

Rapid growth

Supporting healthier and more personalized lifestyles withapprox.

products and services that help people get better sleep

18%

increase YoY*Estimated by the Company based on annual sales results

Corporate
Data

Paramount Care Service Co., Ltd.

Contributing to the improvement of the nursing care

Corporate
GovernanceRegional HQ company

Nursing Care Business

CapitalStrategy

products and services for medical institutions

No.1

domestic market share*
in bed sales

GrowthStrategy

Supporting patient care and hospital operations through

Value
Creation

Major Group Companies

10

Integrated Report 2023

Prologue
CONTENTS

About the Paramount Bed Group

Prologue

Financial and Non-ﬁnancial Highlights

Operating income

million yen

9.6% increase YoY

13,452

million yen

9.0% increase YoY

Dividends

59

yen per share3,436

million yen in total

7.4% increase YoY

GrowthStrategy

99,009

ValueCreation

Net sales

CapitalStrategylocations

2factories

Paramount Bed (15 locations)Paramount Care Service (79 locations)
Paratechno (13 locations)

10locations

4factories

Southeast Asia, China, India,
Central and South America, etc.

Number of employees(consolidated)

3,946

名CorporateData

107

Overseas locations

Corporate
GovernanceDomestic locations

11

Integrated Report 2023

Prologue

We will continue providing reliable services to ensure that we remain acompany needed by society in the future.

With electric beds already being used for medical
purposes in parts of the United States, foresaw thefuture need for them in Japan. Development wassuccessful as a result of ongoing research from 1960.

1968
CorporateGovernance

Hospital construction rush

Growing needs for medical beds

top manufacturer in Japan1970

A new large-scale factory is built in Chiba

Foreseeing future increases in hospital and hospital
bed numbers, took the initiative to build a factoryfor mass production. Purchased a 25,000 m2 site fora large-scale modern factory that was mechanized
and streamlined, and responded to demand such asthe rush to construct new university hospitals.

Established the Trade Department
and began our global businessDistributed catalogues in English around the world.
Gradually saw results, expanding exports to morethan 20 countries by around 1974.

Corporate
Data

Establishment of a position as theGlobalization

Establishment of a mass production
system with integrated production

CapitalStrategy

1966

Japanʼ s ﬁrst electric bed is developed

GrowthStrategy

Manufactured beds which were in short supply at
medical institutions after the war. Scrap metal frombeds collected from hospitals as metal for the war
effort was reused.

ValueCreation

1960

Kimura Shindai Seisakujo, Ltd. is founded

1962

Prologuesociety through the business and abottom-up approach to the management

Medical Care Business

1950

Corporate culture of contributing to1960s-and health promotion, and have continuously led the industry for many years.

1947

1940sPostwar recovery

We have now expanded into three businesses of medical care, nursing care,

CONTENTSHISTORY
PARAMOUNT BED

We have always considered social issues and thought about people.

Integrated Report 2023

Prologue

1980

Facilities for elderly care are developed

Expansion of the nursing care1990

business to respond to the aging

The industryʼ s ﬁrst electric bed forhome care is developed
Driving the expansion of the home care bed market,and securing a position as the top manufacturer. “AuraBed” becomes short-hand for beds for home care use.

Establishment of product safety

2003

and quality improvement systems

Growing health consciousness

2010(strengthening of services andrecurring revenue business)

Acceleration of globalization

2023

The Company is transitioned to a holding company
with the aim of further accelerating growth.

2016

2020

The Smart Bed System™ is developed
The ICT-equipped home care bed“Rakusho Plus” is developed
Successfully achieving a smoothly rising back, anew version of the Rakusho series—the popular,best-selling item since 1993—is introduced. It offersa feature for smartphone notification and can beoperated by a smartphone application.

An integrated bedside care information systemthat links various information devices and achieves
continuous, real-time monitoring. Contributed toincreasing work efficiency and reducing burdens
for medical workers.

Corporate
Data

2020

The Company is transitioned to aholding company

CorporateGovernanceDiversiﬁcation of the business

The new “INTIME” brand offering quality sleep and healthis launched. Enters the health promotion field, a separate
field from the medical and nursing care fields. Gainsconsiderable attention with a full-page advertisement in
the Nihon Keizai Shimbun newspaper.

2011

CapitalStrategy

Shortage of nurses and caregivers

The “INTIME” brand for household use is developed

Changed its corporate name to Paramount BedCo., Ltd. When shares are listed publicly, along withestablishing a basic policy of secure and continuing
dividends, the Company decides to proactively workon shareholder returns.

GrowthStrategy

2000s-Health Promotion Business

2000

Corporate name change and stock offering

Value
Creation

population

1987

Prologue

Growing needs for home care

1983

CONTENTS

1980s-

Nursing Care Business12