Dentsu Group to book $150m profit from Recruit shares

Dentsu Group announced it has sold all of its 1,775,000 shares in Recruit Holdings Co., Ltd. This sale will result in an extraordinary profit of 15 billion yen ($150 million USD) in Dentsu's individual financial results for the fiscal year ending December 2025. The profit is calculated based on a sale price of 8,800 yen per share, equivalent to Recruit's closing price on February 28, 2025. While the sale will be recognized as an extraordinary profit in Dentsu's individual financial statements, under International Financial Reporting Standards (IFRS), it will be accounted for as "other comprehensive income" in the consolidated financial statements. Dentsu stated that the share sale will not affect its existing business relationships with the Recruit Holdings group, and the company intends to maintain a positive relationship going forward. As of December 31, 2024, Dentsu's holding represented 0.1% of Recruit's total outstanding shares.