Dentsu Group, a major advertising company, has indicated that its final profit and loss for the past year will turn into a surplus of over 100 billion yen from the year before it hit a record high deficit.
It has been in the black for the first time in three years, and it is said that the recovery of advertising revenue, which had been depressed due to the corona disaster, and the sale of the head office building will boost profits.
According to the announcement, the Dentsu Group's six-month financial results from January to June showed that revenue, which is equivalent to sales, was 492.7 billion yen, up 7% from the same period last year, and final profit was 36.1 billion yen last year. It is more than twice as much as.
This is due to the fact that advertising revenue, which had been declining in Japan and overseas, has picked up while the world economy is on a recovery trend, such as the progress of vaccination with the new coronavirus in each country.
In addition, regarding the business results for this year, it is expected that the final profit and loss will turn to a surplus of 107.5 billion yen from the year before the largest deficit in the past.
In addition to improving the business environment, profits from the sale of the head office building in Minato-ku, Tokyo will be recorded, resulting in the final surplus for the first time in three years.
Dentsu Group CFO Yunobu Soga, who met online, said, "Although there are concerns about the spread of infection in the future, the global economy is steadily recovering and is reflected in the results for the first half of the year. I feel that this recovery trend will continue in the second half of the year. "