France Bed Holdings Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2013; Provides Dividend Guidance for the Year Ending March 31, 2013
January 31, 2013
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France Bed Holdings Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2012. For the period, the company reported net sales of JPY 37,289 million, operating income of JPY 1,444 million, ordinary income of JPY 1,410 million, and net income of JPY 893 million or net income per share of JPY 4.08 compared to net sales of JPY 36,124 million, operating income of JPY 1,116 million, ordinary income of JPY 1,088 million, and net income of JPY 237 million or net income per share of JPY 1.05 for the same period a year ago. Income before income taxes and minority interests was JPY 1,558 million against JPY 888 million a year ago.
The company provided earnings guidance for the year ending March 31, 2013. For the year, the company expects net sales to be JPY 52,700 million, operating income to be JPY 2,320 million, ordinary income to be JPY 2,250 million, and net income to be JPY 1,190 million and net income per share of JPY 5.40.
For the year, the company expects to declare dividend of JPY 1.75 per share compared to the same dividend paid in the previous year.
France Bed Holdings Co Ltd is a Japan-based company mainly engaged in medical service business and interior healthy business. The Company operates through two business segments. The Medical Service segment is engaged in manufacturing, purchase, leasing, retail and wholesale of nursing beds and welfare equipment, as well as linen supply for hospitals and hotels. The Interior Healthy segment is engaged in manufacturing, purchase and wholesale of bed, furniture, bedroom product and healthcare equipment, as well as the door-to-door selling, advertising and exhibition operation. The Company is also involved in the real estate leasing business.
France Bed Holdings Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2013; Provides Dividend Guidance for the Year Ending March 31, 2013