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DENTSU GROUP INC., The Current Fiscal Year Net Income Revised Downward by 36%
4324 DENTSU GROUP INC. 【IFRS】
Earnings ReportDENTSU GROUP INC. <4324> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:45). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 93.1% from the same period last year to 1.51 billion yen.
In addition, the full-year consolidated net income has downwardly by 36.0%, from the previous forecast of 36.7 billion yen to 23.5 billion yen (compared to a loss of 10.7 billion yen in the previous period).
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has downwardly by 42.4%, from the previous forecast of 31.1 billion yen to 17.9 billion yen (compared to a loss of 26 billion yen in the same period of the previous year).
In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 4.05 billion yen (compared to a profit of 6.67 billion yen in the same period last year). The operating profit margin drastically worsened from 8.1% in the same period last year to 0.9%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan - Sep, 2022 | 886,371 | 91,470 | 89,427 | 58,415 | 217.0 | 88.6 | Nov 14, 2022 | IFRS |
Jan - Sep, 2023 | 934,857 | 48,360 | 45,949 | 21,992 | 83.2 | 138.8 | Nov 14, 2023 | IFRS |
Jan - Sep, 2024 | 1,026,142 | 28,900 | 17,859 | 1,510 | 5.8 | ー | Nov 14, 2024 | IFRS |
YoY | +9.8% | -40.2% | -61.1% | -93.1% | -93.1% |
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Dec, 2024 Prev | 675,763 | 81,370 | ー | 31,136 | 120.0 | 69.75 | Aug 14, 2024 | IFRS |
Jul - Dec, 2024 New | 719,163 | 66,270 | ー | 17,936 | 69.1 | 69.75 | Nov 14, 2024 | IFRS |
Revision Rate | +6.4% | -18.6% | - | -42.4% | -42.4% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Dec, 2024 Prev | 1,356,700 | 107,100 | ー | 36,700 | 141.4 | 139.50 | Aug 14, 2024 | IFRS |
Dec, 2024 New | 1,400,100 | 92,000 | ー | 23,500 | 90.6 | 139.50 | Nov 14, 2024 | IFRS |
Revision Rate | +3.2% | -14.1% | - | -36.0% | -36.0% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Dec, 2023 | 701,223 | 23,853 | 9,219 | -26,035 | -98.5 | 61 | Feb 14, 2024 | IFRS |
Jul - Dec, 2024 Guidance | 719,163 | 66,270 | ー | 17,936 | 69.1 | 69.75 | Nov 14, 2024 | IFRS |
YoY | +2.6% | +177.8% | - | - | - |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Dec, 2022 | 1,246,401 | 117,617 | 100,908 | 59,847 | 223.3 | 155.25 | Feb 14, 2023 | IFRS |
Dec, 2023 | 1,304,552 | 45,312 | 33,103 | -10,714 | -40.5 | 139.50 | Feb 14, 2024 | IFRS |
Dec, 2024 Guidance | 1,400,100 | 92,000 | ー | 23,500 | 90.6 | 139.50 | Nov 14, 2024 | IFRS |
YoY | +7.3% | +103.0% | - | - | - |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 331,528 | 26,901 | 22,065 | 6,671 | 25.2 | 8.1 | Nov 14, 2023 | IFRS |
Oct - Dec, 2023 | 369,695 | -3,048 | -12,846 | -32,706 | -123.7 | -0.8 | Feb 14, 2024 | IFRS |
Jan - Mar, 2024 | 332,905 | 14,489 | 18,651 | 5,554 | 21.0 | 4.4 | May 14, 2024 | IFRS |
Apr - Jun, 2024 | 348,032 | 11,241 | 2,019 | 10 | 0.0 | 3.2 | Aug 14, 2024 | IFRS |
Jul - Sep, 2024 | 345,205 | 3,170 | -2,811 | -4,054 | -15.5 | 0.9 | Nov 14, 2024 | IFRS |
YoY | +4.1% | -88.2% | - | - | - |
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