Dentsu Inc. announced its consolidated and non-consolidated financial results for the first half of the fiscal year ending March 2014 (April 1, 2013 to September 30, 2013).
For the first half of the fiscal year, consolidated net sales were ¥1,082,360 million (up 17.5% year-on-year), and gross profit was ¥269,193 million (up 65.5% year-on-year). Operating income decreased 12.8% to ¥19,284 million due to factors including the recording of goodwill amortization of ¥13,406 million (arising from acquisitions, including the acquisition of Aegis) and amortization of other intangible assets of ¥7,420 million. However, ordinary income increased 21.6% to ¥24,049 million and net income increased 8.4% to ¥10,134 million, partly due to the absence of foreign exchange losses. ordinary income increased 21.6% to ¥24,049 million, and net income rose 8.4% to ¥10,134 million.
Operating income before amortization of goodwill and other intangible assets was ¥40,111 million (up 65.5% YoY). Operating income before amortization of goodwill and other intangible assets is calculated by adding back the amortization of goodwill arising from acquisitions (including the acquisition of Aegis) and the amortization of other intangible assets to the accounting operating income.
For the first half of the current fiscal year, non-consolidated results were as follows: net sales of ¥717,583 million (up 6.1% year-on-year), gross profit of ¥100,653 million (up 7.8%), operating profit of ¥18,390 million (up 30.6%), ordinary income was ¥29,727 million (up 101.8%), and net income was ¥23,137 million (up 185.3%).
【Full-Year Earnings Forecast】
For the fiscal year ending March 2014 (revised full-year consolidated performance forecast for April to March announced on November 11), net sales are projected at ¥2,292.0 billion (up 18.1% year-on-year), gross profit at ¥578.5 billion (up 67.2%), operating profit at ¥65.6 billion (up 12.2%), ordinary profit of ¥72.4 billion (up 22.7%), and net profit of ¥33.1 billion (down 8.9%). Operating profit before amortization of goodwill and other items is projected at ¥107.8 billion (up 71.5% year-on-year).
The full-year non-consolidated performance outlook is as follows: Net sales of ¥1.5 trillion (up 6.2% year-on-year), Operating income of ¥45.4 billion (up 26.9%), Ordinary income of ¥57.9 billion (up 48.1%), and Net income of ¥37.4 billion (up 32.7%).
Consolidated and Non-Consolidated Results for the First Half of the Fiscal Year Ending March 2024: http://www.dentsu.co.jp/ir/
