Swings to first-half profit on weak yen and building sale gain, though misses analyst estimates.
Impact on assets 1
Communication Services
4324
▲ PositiveCapitalrelevance
Dentsu Group reported on the 14th a consolidated net profit of 46.2 billion yen for the first half of the fiscal year ending December 2026, the January to June period, swinging into the black from a loss of 73.6 billion yen in the same period a year earlier. In addition to the effect of the weak yen, the company booked a gain of about 29.6 billion yen from the sale of the Dentsu Ginza Building in the first quarter, the January to March period. The company left its full-year consolidated net profit forecast for the fiscal year ending December 2026 unchanged at 69.7 billion yen. In the previous fiscal year, it posted a loss of 327.6 billion yen. The average estimate of 10 analysts compiled by IBES was 87.9 billion yen.
Swings to first-half profit on weak yen and building sale gain, though misses analyst estimates.