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Dentsu Group (4324) investor relations material
Dentsu Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Nine-month organic growth rate was 0.3%, with operating margin reaching 13.0%, exceeding prior year and expectations.
Full-year profit guidance was upgraded based on strong Japan business, cost reduction progress, and Q4 outlook.
Strategic alternatives, including partnerships, are being explored for the international business to drive improvement.
Notable client wins include Vodafone, Carlsberg, Zurich Insurance, Hy-Vee, COS, and Dollar General.
The Mid-Term Management Plan will be reviewed to maximize shareholder value.
Financial highlights
Group net revenue for nine months: ¥851.3 billion, down 0.8% year-over-year; organic growth +0.3%.
Underlying operating profit: ¥111.0 billion, up 14.1% year-over-year; operating margin up 170 bps to 13.0%.
Statutory operating loss: ¥7.4 billion; net loss: ¥61.5 billion, mainly due to goodwill impairment in international business.
Underlying net profit: ¥56.6 billion, up 11.6% year-over-year; underlying basic EPS: ¥217.88 (+12.8%).
Underlying EBITDA: ¥118.2 billion, up 10.8% year-over-year.
Outlook and guidance
Full-year consolidated organic growth guidance maintained at broadly flat; Japan forecast raised to ~4%, international business revised down to ~-3%.
Underlying operating profit guidance upgraded to ¥161.2 billion; operating margin guidance raised to ~13%.
Statutory operating profit guidance revised up to ¥17.6 billion; net loss guidance improved to ¥52.9 billion.
Dividend forecast for year-end remains undetermined, pending business profits and asset sales.
International business expected to post negative growth for the full year; uncertainty remains.
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