Dentsu profits recover from tsunami

Dentsu, the Japanese advertising group that is buying Aegis, has unveiled an improvement in its financial fortunes with a nearly fourfold rise in net income.

Tadashi Ishii: president & CEO of Dentsu Inc
Tadashi Ishii: president & CEO of Dentsu Inc

Japan was hit by a major earthquake and tsunami in March last year, posing a major challenge to Dentsu, given it makes around 85% of its revenues in the country.

Net income for the quarter ended 30 June, its first financial quarter, rose from 1.3 billion yen last year to 5.9 billion yen (£43.3m).

Dentsu claimed demand for advertising "showed a strong upturn as the market rebounded from the effects of the devastating earthquake and tsunami".

Operating income from activities outside Japan rose 27% to 590 million yen (£4.8m).

Overall gross profit climbed 12.2% to 76.5 billion yen (£628m).

Cannes Offer: 12 weeks' online access from just £12

Subscribe to Campaign before the end of Cannes Lions and save up to 71%

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Job description: Digital marketing executive
Shares0
Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

Just published

More