Daily News
View All NewsJapan – WDB Holdings H1 revenue up 2.1% but profits down
WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue rose 2.1% in the first six months ended 30 September 2022 to JPY 23.71 billion (USD 169.6 million).
| (JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 23,712 | 23,235 | 2.1% | 169.6 |
| Operating Profit | 2,848 | 3,270 | -12.9% | 20.3 |
| Gross Profit | 6,076 | 6,306 | -3.6% | 43.4 |
| Gross Margin | 25.6% | 27.1% | - | - |
| Net Income | 1,697 | 2,038 | -16.8% | 12.1 |
WDB Holdings provides four core services primarily in the clinical/scientific sector: human resource services (permanent placement and temporary dispatch), contract research organisation (CRO), R&D/manufacturing, and ‘interaction’ services (M&A and research).
The Human Resource Service Business Segment saw revenue increase by 1.9% over the year.
The CRO business segment increased by 7.5% year on year.
Looking ahead, the company forecasted revenue of JPY 47.25 billion (USD 338.03 million) for the full year ended 31 March 2023.
On 1 August 2022, the group received a ransomware attack from a third party and experienced a failure that prevented it from accessing its email systems and file servers. The group said the investigation of this incident has now been completed.
“As a result of investigation conducted with the cooperation of an outside security specialist agency, it is judged that the possibility of information leaks is extremely low, as no specific traces of leaks of personal information or confidential information have been found, though there was data encryption taking place in some servers and PC terminals by the ransomware,” the group stated.
“In light of this incident, we will implement more sophisticated information security measures, such as strengthening prevention of unauthorized access and expanding and strengthening monitoring, in addition to conventional security measures. At the same time, we will strengthen training on information security for our group employees and strive to prevent recurrence,” the company stated. “The failure in this incident has been restored as of today.”
WDB Holdings shares closed at JPY 2,583.00 (USD 18.48), up 2.54% on the day and 25.21% above the 52 week low of JPY 2,063.00 (USD 14.76) set on 20 June 2022. The company has a market cap of JPY 50.53 billion (USD 361.55 million).