Dentsu Reports Consolidated Financial Results for 3M Ended June 30
OREANDA-NEWS. August 9, 2012. Dentsu Inc. (Tokyo: 4324; ISIN: JP3551520004; President & CEO: Tadashi Ishii; Head Office: Tokyo; Capital: 58,967.1 million yen) convened a meeting of its Board of Directors at its Head Office in Tokyo at which it finalized its consolidated and non-consolidated financial results for the three months ended June 30, 2012 (April 1-June 30, 2012).
Summary of financial results for the three months ended June 30, 2012
During the three-month period ended June 30, 2012, the Japanese economy showed a gradual recovery due to demand from reconstruction in the wake of the Great East Japan Earthquake and the effects of policies such as
Meanwhile, demand for advertising, mainly television spots, showed a strong upturn as the market rebounded from the effects of the devastating earthquake and tsunami which had affected the advertising industry during the same period a year earlier.
Under such circumstances, the Dentsu Group (hereinafter "the Group^') implemented a broad range of specific measures under the "Dentsu Innovation 2013" medium-term management plan announced in July 2009. At the same time, the Group leveraged its comprehensive resources and proactively pursued a diverse array of business opportunities by providing "Integrated Communication Design" solutions. As a result, for the three months ended June 30, 2012, the Group posted consolidated billings (net sales) of 447,469 million yen, an
increase of 11.3% compared with the same period of the previous fiscal year; gross profit of 76,481 million yen, an increase of 12.2%; operating income of 9,571 million yen, an increase of 126.4%; and ordinary income of 11,497 million yen, an increase of 78.9%. The Group recorded net income of 5,886 million yen, an increase of 349.8%, for the three months ended June 30, 2012.
Looking at the results by geographic segment, net sales of 391,517 million yen, an increase of 11.4% compared with the same period of the previous fiscal year, and operating income of 8,843 million yen, an increase of 128.9%, were posted in Japan. In other countries, net sales of 58,532 million yen, an increase of 10.3% compared with the same period of the previous fiscal year, and operating income of 590 million yen, an increase of 27.0%, were posted.
Regarding Group companies with a December 31 closing date, including subsidiaries in countries other than
Dentsu posted non-consolidated billings (net sales) of 335,486 million yen, an increase of 11.4% compared with the previous fiscal year; gross profit of 44,693 million yen, an increase of 10.6%; operating income of 7,800 million yen, an increase of 121.9%; ordinary income of 12,971 million yen, an increase of 34.4%; and net income of 8,077 million yen, an increase of 56.0%.
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