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Dentsu fiscal Q2 profit falls YOY

Dentsu Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥29.55 per share, a decline of 39.0% from ¥48.46 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.53 billion, a decline of 36.4% from ¥13.41 billion in the prior-year period.

The normalized profit margin declined to 1.4% from 2.4% in the year-earlier period.

Total revenue grew 5.4% on an annual basis to ¥598.62 billion from ¥568.13 billion, and total operating expenses increased 6.6% on an annual basis to ¥584.50 billion from ¥548.13 billion.

Reported net income fell 74.4% from the prior-year period to ¥3.54 billion, or ¥12.28 per share, from ¥13.83 billion, or ¥50.01 per share.

As of Nov. 12, US$1 was equivalent to ¥115.15.