OREANDA-NEWS. Dentsu Inc. convened a meeting of its Board of Directors at its Head Office in Tokyo at which it finalized its consolidated and non-consolidated financial results for the six months ended September 30, 2014 (April 1-September 30, 2014).

As a result, for the six months ended September 30, 2014, the Dentsu Group posted consolidated billings (net sales) of 1,136,878 million yen, an increase of 5.0% compared with the same period of the previous fiscal year and gross profit of 295,674 million yen, an increase of 9.8%. The increase in the deferred consideration liabilities that must be paid in the future to companies acquired by the Dentsu Group that have shown a strong performance together with the increase in the amortization of goodwill and other intangible assets on a yen basis caused by the depreciation of the yen led to an increase in the selling, general and administrative expenses, which in turn resulted in operating income before amortization of goodwill and other intangible assets of 39,225 million yen (2.2% decrease); operating income of 14,606 million yen (24.3% decrease); ordinary income of 20,952 million yen (12.9% decrease); and net income of 2,822 million yen (72.1% decrease).

The operating income before amortization of goodwill and other intangible assets based on the deduction of revaluation of deferred consideration liabilities came to 44,903 million yen (an increase of 18.5% compared with the same period of the previous fiscal year). Operating income before amortization of goodwill and other intangible assets comprises the operating income figure to which has been added the amortization of goodwill and other intangible assets incurred through acquisitions.