Dentsu Group's (TYO:4324) attributable loss widened to 192.2 billion yen in the year ended Dec. 31, 2024, from an attributable loss of 10.7 billion yen a year ago mainly due to an impairment loss in its international businesses.
The company said loss per share was 734.6 yen from 40 yen a year ago, according to a filing on Feb. 14.
Net revenue increased 5.7% to 1.194 trillion yen from close to 1.13 trillion yen a year earlier.
Dentsu forecasted attributable profit to grow to 10 billion yen or 38.53 yen per share and net revenue to gain 1.8% to 1.215 trillion yen for the year ending Dec. 31.
The company expects to pay an annual dividend of 139.5 yen per share for the current fiscal year.
In a separate filing, Dentsu targets 4% organic growth, a 16% to 17% operating margin, 140 billion yen in operating cash flow, and mid-teens return on equity (ROE) by FY2027.
Shares of the company gained over 2% in late-morning trade Tuesday.
Price (JPY): $3122.00, Change: $+66, Percent Change: +2.16%
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