Japanese advertising and marketing services provider Dentsu Inc. (DNTUY), Tuesday reported an increase in net income for the full year backed by higher revenues. The firm further provided fiscal year 2014 guidance.
For the year, the firm reported net income of 36.3 billion yen, a 22.9 percent increase from 29.57 billion yen during the corresponding quarter last year.
Revenues for the full year were 1941 billion yen compared with 1893 billion yen reported during the same period previous year.
The company expects cash dividends per share to be 32 yen, including an interim dividend of 16 yen and a year-end dividend of 16 yen.
For the fiscal year ending March 31, 2014, on a consolidated basis, Dentsu forecasts billings or net sales of 2,283.4 billion yen, an increase of 17.6 percent year on year; operating income before amortization of goodwill and intangible assets of 100.1 billion yen; operating income of 58.5 billion yen, an increase of 0.1 percent; ordinary income of 58.7 billion yen, a decrease of 0.6 percent; and net income of 19.1 billion yen, a decrease of 47.4 percent.
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