The World: Tokyo - Dentsu loses $207m after shares in Publicis fall

Dentsu, the largest shareholder in Publicis, has announced it will report a $207 million loss for the financial year ending 31 March because of a substantial write-down of its 15 per cent stake in the group.

The Japanese communications giant lost $515 million on its stock portfolio, $384 million of which was accountable to a fall in the value of Publicis shares.

The figures amount to the first net loss by Dentsu in eight years.

A Dentsu spokesperson said the company would aim to prevent further decline by strengthening its businesses from a global point of view.