WDB Holdings (2475) investor relations material

Executive summary

• Revenue for the fiscal year ended March 2026 decreased by 1.6% year-over-year to ¥50.3 billion, mainly due to a decline in the CRO segment.

• Operating profit fell 11.9% year-over-year to ¥4.46 billion, with net profit down 9.7% to ¥2.75 billion.

• The company maintained profitability in the core staffing business, offsetting higher personnel costs with increased billing rates.

• Staffing showed resilience, while CRO was impacted by reduced orders and overseas restructuring.

• Key initiatives included improving staff retention, launching digital staffing platforms, and focusing CRO resources on profitable segments.

Financial highlights

• Consolidated revenue: ¥50.3 billion (-1.6% YoY).

• Gross profit: ¥11.57 billion (-1.4% YoY), gross margin stable at 23.0%.

• Operating profit: ¥4.46 billion (-11.9% YoY), operating margin 8.9%.

• Ordinary profit: ¥4.59 billion (-9.8% YoY), ordinary margin 9.1%.

• Net profit: ¥2.75 billion (-9.7% YoY), net margin 5.5%.

Outlook and guidance

• FY2027 revenue forecast: ¥51.43 billion (+2.3% YoY).

• Operating profit expected to rise 3.9% to ¥4.63 billion.

• Net profit projected at ¥2.77 billion (+0.6% YoY).

• Focus on continuous improvement of digital platforms and further staff compensation increases.

• The company continues to follow its medium- to long-term management plan.