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

May 11, 2016

Consolidated Financial Results
for the Fiscal Year Ending March 31, 2016
<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 DivisionTEL: 03-3648-1100
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results presentation meeting:June 29, 2016
June 29, 2016
Yes
Yes (for institutional investors andanalysts)(Millions of yen with fractional amounts discarded, unless otherwise noted)

1.

Consolidated financial results for the fiscal year ending March 31, 2016
(from April 1, 2015 to March 31, 2016)(1) Consolidated operating results (cumulative)
Net salesYear ended

Millions of yen(Percentages indicate year-on-year changes.)

Operating income% Millions of yen

March 31, 2016

74,089

(1.6)

9,660

March 31, 2015

75,2703.4

Note:

Ordinary income% Millions of yen(3.8)

Net income% Millions of yen%

9,830 (14.9)

6,387 (12.1)

10,038 (13.0)

11,553

7,264

Comprehensive income Year ended March 31, 2016: ¥5,039 million:
Year ended March 31, 2015: ¥8,251 million:[(38.9)%][ 4.6%](1.6)

Basic earnings
per share

Diluted earnings
per share

Yen

Yen%%%March 31, 2016221.76204.48

7.5

7.8

13.0

March 31, 2015

244.03225.51

8.7

9.3

13.3

Year ended

Note:

Equity in earnings(losses) of affiliated companies

Return onequity(6.5)

Ratio of ordinary
Ratio of operating
income to total assets income to net assets

Year ended March 31, 2016: ¥ – million
Year ended March 31, 2015: ¥ – million(2) Consolidated financial position
Total assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

March 31, 2016

126,279

85,22367.5

2,992.99

March 31, 2015

125,508

85,39168.0

2,906.85

Reference: EquityAs of March 31, 2016:
As of March 31, 2015:¥85,223 million¥85,390 million

As ofNet assets-1-(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of year

Year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2016

9,657

△2,037△5,493

22,615

March 31, 2015

8,151

△3,615△5,375

20,453

2.

Dividends
Dividends per shareFirstSecondThird
Fiscalquarter-end quarter-end quarter-end year-end

Fiscal year ended
March 31, 2015
Fiscal year ending
March 31, 2016
Fiscal year ending
March 31, 2017
(Forecast)

Total

Total amountof cash
dividends(Annual)

Ratio ofPayout ratio dividends to(Consolidated) net assets(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–

25.00

–

35.00

60.00

1,761

24.6

2.1

–

35.00

–

35.00

70.00

1,998

31.6

2.4

–

40.00

–

40.00

80.00

30.7

Dividends for the fiscal year ending March 31, 2015, are scheduled as follows: interim regular dividends of ¥25 in addition toyear-end regular dividends of ¥25 and year-end commemorative dividends of ¥10.

3.

Consolidated earnings forecasts for the fiscal year ending March 31, 2017(from April 1, 2016 to March 31, 2017)(Percentages indicate year-on-year changes.)
Net sales*

Operating income

Ordinary income

Basic earnings
per share

Net income

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

Yen

Six months ending
September 30, 2016

33,800

1.2

4,200

9.9

4,300

2.6

2,900

7.3

101.85

Fiscal year ending
March 31, 2017

77,0003.9

10,70010.8

11,000

11.9

7,500

17.4263.40Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting inthe change in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatementa. Changes in accounting policies in accordance with changes in accounting standards, etc.: Yes
b. 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, 2016
As of March 31, 2015b.

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

Number of shares of treasury stock at the end of the period
As of March 31, 2016
As of March 31, 2015

c.

2,403,177 shares
1,501,744 shares

Average number of shares outstanding during the period (cumulative from the beginning of thefiscal year)
Year ended March 31, 2016
Year ended March 31, 2015

28,805,006 shares
29,769,237 shares* 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 Financial
Instruments 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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