Dentsu Group Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,435,245	1,410,961	1,304,552	1,243,883	1,085,592
Revenue Growth (YoY)	1.72%	8.16%	4.88%	14.58%	15.58%
Cost of Revenue	237,715	209,313	159,732	126,881	109,014
Gross Profit	1,197,530	1,201,648	1,144,820	1,117,002	976,578
Selling, General & Admin	1,048,986	991,772	946,219	878,008	760,509
Research & Development	-	1,918	2,048	1,741	1,735
Other Operating Expenses	2,146	1,792	428	-1,492	1,805
Operating Expenses	1,051,132	1,067,627	1,019,158	949,276	835,138
Operating Income	146,398	134,021	125,662	167,726	141,440
Interest Expense	-28,359	-29,261	-29,487	-22,202	-17,390
Interest & Investment Income	7,617	7,443	9,187	4,935	3,151
Earnings From Equity Investments	3,868	3,009	3,654	3,418	2,448
Currency Exchange Gain (Loss)	-	6,983	710	3,266	832
Other Non Operating Income (Expenses)	-1	2,868	5,278	-14,080	-19,740
EBT Excluding Unusual Items	129,523	125,063	115,004	143,063	110,741
Merger & Restructuring Charges	-33,046	-10,705	-9,992	-33,941	-19,516
Impairment of Goodwill	-396,074	-	-	-	-
Gain (Loss) on Sale of Investments	-704	-20,385	127	-483	-
Gain (Loss) on Sale of Assets	-	-	100	16,826	118,960
Asset Writedown	-6,489	-233,732	-72,136	-24,559	-1,353
Pretax Income	-306,790	-139,759	33,103	100,906	208,832
Income Tax Expense	12,150	43,605	38,572	34,982	93,980
Earnings From Continuing Operations	-318,940	-183,364	-5,469	65,924	114,852
Minority Interest in Earnings	-8,661	-8,808	-5,245	-6,077	-6,463
Net Income	-327,601	-192,172	-10,714	59,847	108,389
Net Income to Common	-327,601	-192,172	-10,714	59,847	108,389
Net Income Growth	-	-	-	-44.79%	-
Shares Outstanding (Basic)	260	262	264	268	279
Shares Outstanding (Diluted)	260	262	264	270	280
Shares Change (YoY)	-0.78%	-1.05%	-1.94%	-3.69%	0.20%
EPS (Basic)	-1262.03	-734.56	-40.52	223.33	388.79
EPS (Diluted)	-1262.04	-734.56	-40.52	221.96	387.11
EPS Growth	-	-	-	-42.66%	-
Free Cash Flow	91,056	34,300	46,375	62,370	118,679
Free Cash Flow Per Share	350.78	131.11	175.40	231.32	423.90
Dividend Per Share	-	139.500	139.500	155.250	117.500
Dividend Growth	-	-	-10.14%	32.13%	64.91%
Gross Margin	83.44%	85.17%	87.76%	89.80%	89.96%
Operating Margin	10.20%	9.50%	9.63%	13.48%	13.03%
Profit Margin	-22.82%	-13.62%	-0.82%	4.81%	9.98%
Free Cash Flow Margin	6.34%	2.43%	3.55%	5.01%	10.93%
EBITDA	221,008	215,470	204,381	241,896	216,316
EBITDA Margin	15.40%	15.27%	15.67%	19.45%	19.93%
D&A For EBITDA	74,610	81,449	78,719	74,170	74,876
EBIT	146,398	134,021	125,662	167,726	141,440
EBIT Margin	10.20%	9.50%	9.63%	13.48%	13.03%
Effective Tax Rate	-	-	116.52%	34.67%	45.00%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.