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View All NewsJapan – WDB Holdings reports growth in full year revenue and profits
WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue of JPY 44.1 billion (USD 403.4), an increase of 2.4% in the full year ended 31 March 2021.
| (JPY millions) | FY 2020 | FY 2019 | Change | FY 2020 (USD millions) |
| Revenue | 44,126 | 43,108 | 2.4% | 403.4 |
| Gross Profit | 11,533 | 11,381 | 1.3% | 105.4 |
| Gross Margin | 26.1% | 26.4% | ||
| Operating Profit | 5,109 | 4,956 | 3.1% | 46.7 |
| Net Income | 3,405 | 3,114 | 9.4% | 31.1 |
The group said demand for temporary staff decreased. Overseas, business performance in the US and Finland remained firm.
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 426.01 million) for the year ended 31 March 2022.
Shares in WDB Holdings closed at JPY 2,347 (USD 21.46), up 1.9% on the day. The company has a market cap of JPY 47.08 billion (USD 430.40 million).