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View All NewsWDB Holdings 9-month revenue climbs 4.3%
WDB Holdings Co. Ltd (2475: TYO), a Japanese holding company whose portfolio includes staffing firms, reported revenue on Friday increased by 4.3% in the nine months ended 31 December 2023 to JPY 37.28 billion (USD 249.9 million).
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 37,286 | 35,734 | 4.3% | 249.9 |
| Gross Profit | 9,052 | 9,121 | -0.7% | 60.6 |
| Gross Margin | 24.2% | 25.5% | - | |
| Operating Profit | 4,246 | 4,271 | -0.6% | 28.4 |
| Net Profit | 2,603 | 2,564 | 1.5% | 17.4 |
WDB Holdings is mainly engaged in the manpower dispatching business. The company operates in two business segments. The Human Resource Service segment is engaged in the work of client customers mainly through temporary staffing and contracting contracts. The CRO (Contract Research Organization) business segment acts on and supports experimental work in basic research of pharmaceuticals, quasi-drugs, cosmetics and development work after clinical trial.
In the human resource service business (permanent placement and temporary dispatch), net sales were up 4.3% year on year. In the CRO business (contract research organisations services), net sales were up 4.9% year on year.
Looking ahead the company forecasted revenue of JPY 51.00 billion (USD 341.86 million) for the year ended 31 March 2024.
WDB Holdings Co Ltd shares closed on Friday at JPY 2,228.00 (USD 14.93), 5.51% below its 52-week high of JPY 2,358.00 (USD 15.81), set on 30 January 2024. The company has a market cap of JPY 45.84 billion (USD 307.27 million).