Japan – WDB Holdings H1 revenue rises 5%, but profits tumble

WDB Holdings Co. Ltd (2475:TYO), a holding company that includes staffing firms, reported revenue rose by 5.0% for the six months ended 30 September 2019.

(JPY millions) H1 2019 H1 2018 Change H1 2019 (USD millions)
Revenue 21,434 20,421 5.0% 196.0
Operating Profit 2,384 2,482 -3.9% 21.8
Net Income 1,422 1,537 -7.5% 13.0

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).

Revenue in the human resource services business was up 5.1% over the previous year.

Looking ahead the company forecasted revenue of JPY 46.6 billion (USD 426.2 million) for the year ended March 2020.

In trading today WDB Holdings shares closed at JPY 2,769.00 (USD 25.33), up 0.33% on the day and 18.44% below its 52-week high of JPY 3,395.00 (USD 31.05), set on 9 May 2019. Based on its current share price the company has a market value of JPY 55.37 billion (USD 506.4 million).

Source: Staffing Industry Analysis | Apply: Japan – WDB Holdings H1 revenue rises 5%, but profits tumble

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