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View All NewsJapan – WDB Holdings full-year revenue up 6.2% with profits on the upswing
WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue yesterday of JPY 46.87 billion (USD 362.4), an increase of 6.2% in the full year ended 31 March 2022.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2020 (USD millions) |
| Revenue | 46,875 | 44,126 | 6.2% | 362.4 |
| Gross Profit | 12,492 | 11,533 | 8.3% | 96.5 |
| Gross Margin | 26.6% | 26.1% | ||
| Operating Profit | 6,314 | 5,109 | 23.6% | 48.8 |
| Net Income | 4,171 | 3,405 | 22.5% | 32.2 |
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).
In the human resources service business, the group said the number of new dispatch requests and orders fell during the period. The CRO business remained strong in Japan.
In January 2022, the group announced that it was selling all the shares of its subsidiary Kaken Genex, a firm that manufactures gas injection equipment and nitrogen generation equipment. It said it was selling its subsidiary, a non-core business, in order to select and concentrate business resources.
Looking ahead, the company forecasted revenue of JPY 47.25 billion (USD 365.3 million) for the year ended 31 March 2023.
Shares in WDB Holdings closed on Friday at JPY 2,582 (USD 19.96), up 2.5% on the day. The company has a market cap of JPY 45.44 billion (USD 350.30 million).