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View All NewsJapan – WDB Holdings H1 revenue up 0.7%, profits show uptick
WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue rose 0.7% in the first six months ended 30 September 2020 to JPY 21.59 billion (USD 209.1 million).
| (JPY millions) | H1 2020 | H1 2019 | Change | H1 2020 (USD millions) |
| Revenue | 21,592 | 21,434 | 0.7% | 209.1 |
| Operating Profit | 2,529 | 2,384 | 6.1% | 24.4 |
| Net Income | 1,648 | 1,422 | 15.9% | 15.9 |
The company said the pandemic had a limited but negative impact on its results.
WDB Holdings provides four core services primarily in the clinical/scientific sector: human resource services (permanent placement and temporary dispatch), outsourced research services (CRO), R&D/manufacturing, and ‘interaction’ services (M&A and research).
According to SIA’s Largest Staffing Firms in Japan report, WDB Holdings was the 22nd largest staffing firm in Japan based on revenue.
The company forecasted revenue of JPY 42.80 billion (USD 414.4 million) for the year ended March 2021.
Shares in WDB Holdings closed at JPY 3,260.00 (USD 31.57), up 1.40% on the day and 6.19% below its 52-week high of 3,475.00 (USD 33.65), set on 21 October 2020. The company had a market cap of JPY 59.94 billion (USD 580.3 million).