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View All NewsJapan – WDB Holdings first quarter revenue and profits improve
WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue rose 8.1% in its first quarter ended 30 June 2021 to JPY 11.71 billion (USD 106.6 million).
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 11,711 | 10,833 | 8.1% | 106.6 |
| Gross Profit | 3,245 | 2,924 | 10.9% | 29.5 |
| Gross Margin | 27.7% | 26.9% | - | |
| Operating Profit | 1,701 | 1,362 | 24.9% | 15.4 |
| Net Income | 1,070 | 829 | 29.1% | 9.7 |
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).
Looking ahead, the company forecasted revenue of JPY 46.60 billion (USD 424.3 million) for the year ended 31 March 2022.
Shares in WDB Holdings closed at JPY 3,015.00 (USD 27.45), down 1.47% on the day and 13.24% below its 52-week high of JPY 3,475.00 (USD 31.64), set on 21 October 2020. The company has a market cap of JPY 61.38 billion (USD 558.86 million).