Dentsu Unveils Plan to Boost Growth in Markets Outside Japan
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Dentsu Inc. has unveiled a plan to significantly boost business from markets outside of Japan, part of a new five-year strategy that comes on the heels of its recently completed acquisition of UK-based Aegis Group.
The company also announced on Tuesday earnings for the financial year ended March 31. Revenue rose 3.9% in yen while net income was up 22 .9%. Converted to U.S. dollars, revenue for the year slipped slightly — less than 1% — to $4.2 billion. Net income in dollars rose 17.3% to $439.7 million.
The Tokyo-based company said it was helped domestically by the positive effects of Japan’s gradual recovery from the March 2011 massive earthquake and tsunami, along with government eco-car subsidies. The rapid weakening of the yen was also cause for optimism.
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