We will reevaluate underperforming businesses: Dentsu's Hiroshi Igarashi

For Q4 FY2024 (October – December), Dentsu Group's net revenue has seen a 4.2% increase

by e4m Staff
Published: Feb 17, 2025 2:28 PM | 2 min read

Dentsu Group has reported an increase of 5.7% in net revenue for FY2024 from 1,129.6 billion yen, recorded in FY23, to 1,194.1 billion yen this FY.

While the operating profit has increased to 176.2 billion yen from 163.5 billion yen, a 7.8% jump, net profit (attributable to owners of the parent) has seen a growth of 3.4%, from 89.8 billion yen to 92.9 billion yen.

For Q4 FY2024 (October – December), Dentsu Group's net revenue has seen a 4.2% increase.

According to Hiroshi Igarashi, President and Global CEO, dentsu, The Group FY2024 results were in line with our November guidance with broadly flat organic revenues, and operating margins higher than expectations. We saw sequential quarterly improvement throughout the year, with strong performance in Japan. There were also some notable global new wins in the international business."

“In our new Mid-Term Management Plan, which will run through the years of FY2025 and FY2027, we plan to achieve organic growth of 4%, and 16-17% in operating margin in FY2027. We will conduct a thorough review of our core business strengths, be more selective and focused on what we do, and adopt a differentiated strategy to meet our diversifying client needs. While we will continue to invest in data and technology and our people and culture, we will also invest into areas where we can increase our media capabilities in our key markets. At the same time, we will reevaluate our underperforming businesses and rebuild our business structure. Our ultimate goal is to regain competitiveness and return to a growth trajectory.”