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    4324   JP3551520004

DENTSU INC.

(4324)
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Dentsu : Q3 / 2021 Quarterly Financial Statements (January to September 2021)(611KB)

11/29/2021 | 05:20am EST

Excerpt from Quarterly Report

(Consolidated Financial Statements) (January 1 to September 30, 2021)

Part 4. Financial Section

1. Preparation Method of Condensed Quarterly Consolidated Financial Statements

  1. The condensed quarterly consolidated financial statements of Dentsu Group Inc. (hereinafter referred to as "the Company") are prepared in accordance with International Accounting Standards 34 "Interim Financial Reporting" (hereinafter referred to as "IAS 34") under the provisions of Article 93 of the "Ordinance on Terminology, Forms and Preparation Methods of Quarterly Consolidated Financial Statements" (Cabinet Office Ordinance No. 64, 2007; hereinafter referred to as "the Ordinance").
  2. In the condensed quarterly consolidated financial statements, figures less than one million yen are rounded down to the nearest million yen.

2. Audit Certificate

Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, the Company's condensed quarterly consolidated financial statements for the third quarter ended September 30, 2021 (from July 1 to September 30, 2021) and the condensed consolidated financial statements for the first nine months (from January 1 to September 30, 2021) of fiscal year 2021, which were compiled in Japanese, were subject to a quarterly review by KPMG AZSA LLC.

1/39

1. Condensed Quarterly Consolidated Financial Statements

(1) Condensed Quarterly Consolidated Statement of Financial Position

(Millions of Yen)

Notes

FY2020

The third quarter

(As of December 31, 2020)

(As of September 30, 2021)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

530,692

601,738

Trade and other receivables

1,293,370

1,351,432

Inventories

23,848

35,689

Other financial assets

15

12,162

15,781

Other current assets

64,739

79,789

Subtotal

1,924,814

2,084,431

Non-current assets classified as held

2

2

for sale

Total current assets

1,924,816

2,084,434

NON-CURRENT ASSETS:

Property, plant and equipment

7

280,196

178,444

Goodwill

593,369

653,316

Intangible assets

207,182

208,232

Investment property

7

36,362

515

Investments accounted for using the

50,906

55,425

equity method

Other financial assets

15

216,750

243,427

Other non-current assets

16,202

15,505

Deferred tax assets

54,624

61,157

Total non-current assets

1,455,595

1,416,026

TOTAL ASSETS

5

3,380,412

3,500,460

2/39

(Millions of Yen)

Notes

FY2020

The third quarter

(As of December 31, 2020)

(As of September 30, 2021)

LIABILITIES AND EQUITY

LIABILITIES

CURRENT LIABILITIES:

Trade and other payables

1,247,172

1,264,862

Borrowings

15

72,533

109,683

Other financial liabilities

7, 15

149,737

85,067

Income tax payables

71,228

55,775

Provisions

28,745

25,074

Other current liabilities

189,654

188,148

Total current liabilities

1,759,071

1,728,612

NON-CURRENT

LIABILITIES:

Bonds and borrowings

15

512,274

478,959

Other financial liabilities

7, 15

149,305

221,184

Liability for retirement benefits

25,421

29,834

Provisions

4

48,013

35,152

Other non-current liabilities

10,970

14,708

Deferred tax liabilities

55,002

59,326

Total non-current

800,987

839,166

liabilities

Total liabilities

2,560,059

2,567,779

EQUITY:

Share capital

74,609

74,609

Share premium account

75,596

77,376

Treasury shares

8

(34,592)

(54,693)

Other components of equity

41,790

87,850

Retained earnings

599,466

681,601

Total equity attributable to

756,870

866,745

owners of the parent

Non-controlling interests

63,483

65,935

Total equity

820,353

932,681

TOTAL LIABILITIES AND

3,380,412

3,500,460

EQUITY

3/39

(2) Condensed Quarterly Consolidated Statement of Income

For the nine months ended September 30, 2020 and September 30, 2021

(Millions of Yen)

Nine months ended

Nine months ended

Notes

September 30, 2020

September 30, 2021

(From January 1

(From January 1

to September 30, 2020)

to September 30, 2021)

Turnover (Note 1)

5

3,146,255

3,694,821

Revenue

5, 9

676,362

774,548

Cost

74,435

78,152

Revenue less cost of sales

5

601,927

696,396

Selling, general and administrative

551,075

591,181

expenses

Business transformation cost

4

25,174

11,383

Gain (loss) on sale and retirement of

7

(91)

119,245

non-current assets

Other income

10

4,633

5,099

Other expenses

11

11,715

6,299

Operating profit

18,503

211,876

Share of results of associates

334

1,559

Impairment loss of associates

436

-

Gain on sales of shares of associates

55

35

Revaluation gain on step acquisition

44

-

Profit before interest and tax

18,501

213,471

Finance income

12

22,331

3,338

Finance costs

12

15,766

36,577

Profit before tax

25,067

180,233

Income tax expense

9,533

73,943

Profit for the period

15,533

106,290

Profit attributable to:

Owners of the parent

10,286

101,746

Non-controlling interests

5,246

4,544

Earnings per share

Basic earnings per share (Yen)

13

36.90

363.25

Diluted earnings per share (Yen)

13

36.87

362.22

4/39

Reconciliation from operating profit to underlying operating profit

(Millions of Yen)

Nine months ended

Nine months ended

Notes

September 30, 2020

September 30, 2021

(From January 1

(From January 1

to September 30, 2020)

to September 30, 2021)

Operating profit

18,503

211,876

Amortization of intangible assets

23,333

22,393

incurred in acquisitions

Selling, general and administrative

1,608

3,963

expenses

Business transformation cost

25,174

11,383

(Gain) loss on sale and retirement of

91

(119,245)

non-current assets

Other income

(19)

(292)

Other expenses

7,130

1,747

Underlying operating profit (Note 2)

5

75,823

131,826

5/39

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Dentsu Group Inc. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 10:19:06 UTC.


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