Dentsu Group faces losses, unveils new growth strategy

Dentsu Group (TSE: 4324) announced significant goodwill impairment losses totaling ¥210.1 billion in its EMEA and Americas regions for the fiscal year ending December 2024, leading to a revised financial outlook with an operating loss of ¥124.992 billion and a net loss attributable to owners of the parent of ¥192.172 billion. The losses are attributed to higher discount rates reflecting recent market interest rates and conservative risk assessments in overseas operations.