Dentsu Inc. announced its consolidated and non-consolidated financial results for the third quarter of the fiscal year ending March 2014 (April 1, 2013 to December 31, 2013).
For this cumulative third quarter period, consolidated net sales were ¥1,662,485 million (up 17.7% year-on-year), and gross profit was ¥414,373 million (up 66.4% year-on-year). Operating income decreased 8.9% to ¥34,739 million due to factors including the recording of ¥19,845 million in goodwill amortization (including the acquisition of Aegis) and ¥11,737 million in amortization of other intangible assets. However, ordinary income increased 10.0% to ¥42,991 million and net income increased 3.8% to ¥20,694 million, partly due to the absence of foreign exchange losses. Ordinary income was ¥42,991 million (up 10.0% year-on-year), and net income for the quarter was ¥20,694 million (up 3.8% year-on-year).
Operating income before amortization of goodwill and other intangible assets was ¥66,322 million (up 60.4% 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 fixed assets to the accounting operating income.
For the nine-month period ended December 31, 2012, non-consolidated results were as follows: net sales of ¥1,107,536 million (up 6.7% year-on-year), gross profit of ¥156,152 million (up 9.4%), operating income of ¥32,487 million (up 31.5%), ordinary income was ¥49,681 million (up 73.9%), and quarterly net income was ¥36,982 million (up 133.0%).
[Full-Year Performance Forecast]
The full-year earnings outlook remains unchanged from the forecast announced on November 13, 2013.
Details of consolidated and non-consolidated results for the cumulative third quarter period: http://www.dentsu.co.jp/ir/
