Dentsu Announces Extraordinary Income from the Sale of Publicis Groupe Shares and Amendment to Forecast of Financial Results
Dentsu Announces Extraordinary Income from the Sale of Publicis Groupe
Shares and Amendment to Forecast of Financial Results
Business Wire
TOKYO -- February 15, 2013
Dentsu Inc. (TOKYO:4324)(ISIN:JP3551520004)(President & CEO: Tadashi Ishii;
Head Office: Tokyo; Capital: 58,967.1 million yen) announced today that it has
sold to Publicis Groupe S.A. (Chairman and CEO: Maurice Lévy; Headquarters:
Paris, France; hereinafter "Publicis") 3,875,139 Publicis shares
(approximately 1.85% of the number of shares issued) held by Dentsu.
In February 2012 Dentsu announced the termination of its strategic alliance
with Publicis and at that time sold to Publicis the majority of its stake in
Publicis. This was followed by the sale in March of all the obligations
remboursables en actions (ORA; obligations redeemable in stock) held by
Dentsu. Today's transaction marks the sale of all the remaining shares of
Publicis held by Dentsu.
Dentsu and Publicis will continue to proactively consider all opportunities
for future collaboration on their individual merits. Moreover, there will be
no changes to the management structure or the management policies of the two
companies established jointly by Dentsu and Publicis: Beacon Communications
(Head Office: Tokyo; established in January 2001) and Dentsu Razorfish (Head
Office: Tokyo; established in April 2001).
Sale of the shares
* Number of common shares of Publicis sold: 3,875,139 shares
(1.85% of the number of Publicis shares issued as of the end of December
2012: 210,008,734 shares)
* Buyer: Publicis
* Sale price: 46.82 Euros per share (a total of 181.4 million Euros)
Amendment to Forecast of Financial Results for the Fiscal Year Ending March
31, 2013
The forecast of consolidated financial results and forecast of
non-consolidated financial results for the fiscal year ending March 31, 2013
that were announced on November 8, 2012 have been adjusted as shown below to
reflect the posting of approximately 13 billion yen as extraordinary income
from the above transaction on both the consolidated and non-consolidated
basis.
• Amendment to Forecast of Consolidated Annual Financial Results for the
Fiscal Year Ending March 31, 2013 (April 1, 2012 through March 31, 2013)
Operating Ordinary Net
Net sales income income Net income income
(Millions (Millions (Millions (Millions per
of yen) of yen) of yen) of yen) share
(Yen)
Previously
announced 1,961,000 60,000 57,100 28,100 112.78
forecast (A)
Amended
1,961,000 60,000 57,100 38,000 152.52
forecast (B)
Amount of
increase / 0 0 0 9,900 –
decrease (B-A)
Rate of
increase / 0.0 0.0 0.0 35.2 –
decrease (%)
(Reference)
Actual results
for prior year 1,893,055 51,977 62,843 29,573 118.69
(fiscal year
ended March
31, 2012)
• Amendment to Forecast of Non-Consolidated Annual Financial Results for the
Fiscal Year Ending March 31, 2013 (April 1, 2012 through March 31, 2013)
Operating Ordinary Net
Net sales income income Net income income
(Millions (Millions (Millions (Millions per
of yen) of yen) of yen) of yen) share
(Yen)
Previously
announced 1,440,000 39,000 39,900 20,000 80.27
forecast (A)
Amended
1,440,000 39,000 39,900 29,900 120.01
forecast (B)
Amount of
increase / 0 0 0 9,900 –
decrease (B-A)
Rate of
increase / 0.0 0.0 0.0 49.5 –
decrease (%)
(Reference)
Actual results
for prior year 1,404,663 31,693 40,654 42,212 169.42
(fiscal year
ended March
31, 2012)
About Dentsu Inc.
Founded in 1901, Dentsu Inc. has held the position of the world's largest
single-brand agency for 40 years. Through its unique "Integrated Communication
Design" approach, Dentsu offers multinational clients the most comprehensive
range of advertising and marketing services in the industry. While continuing
to pursue innovation in the digital arena, Dentsu is active in the production
and marketing of sports, movies, anime and other entertainment content on a
global scale. The Dentsu Group has more than 6,000 clients and around 22,000
employees worldwide.
Dentsu News: http://www.dentsu.com/news/index.html
Dentsu Inc.: http://www.dentsu.com/index.html
Contact:
Dentsu Inc.
Shusaku Kannan, (813) 6216-8042
Senior Manager
Corporate Communications Division
s.kannan@dentsu.co.jp
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