Ad giant Dentsu sees record net loss as revenue falls amid pandemic Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Kyodo Feb 16, 2021
Advertising giant Dentsu Group Inc. on Monday reported a record net loss of ¥159.60 billion ($1.5 billion) in fiscal 2020, as its mainstay advertising business slumped amid the coronavirus pandemic.
The annual loss almost doubled from ¥80.89 billion in fiscal 2019 after Dentsu had to record an impairment loss related to its overseas business.
Dentsu reported a record net loss in fiscal 2020 as advertising revenue plunged amid the coronavirus pandemic. | KYODO
Merkle was a rare bright spot.
by Gideon Spanier
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Station от фонда Skolkovo Ventures и японского холдинга Dentsu возглавит Дмитрий Ларин club.cnews.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from club.cnews.ru Daily Mail and Mail on Sunday newspapers.
(Feb 1): Japan’s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances.
In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group Inc. and logistics firm Nippon Express Co. are now considering selling their Tokyo headquarters. Avex Inc., an entertainment company, also plans to offload its head office in the Japanese capital.
Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases.
Japan s probe into alleged Olympics bid bribery flawed: French court
A French judge investigating Tokyo s alleged vote-buying around its bid to host the 2020 Olympics has labeled a Japanese probe into the claims limited and having many flaws, Kyodo News learned Saturday.
The preliminary judge made the observation in Paris in December 2018 when questioning Tsunekazu Takeda, then president of the Japanese Olympic Committee who also headed the Tokyo Olympic bid committee, sources with knowledge of the matter said.
BUENOS AIRES, Argentina - (From L) Then Japanese Prime Minister Shinzo Abe, former International Olympic Committee President Jacques Rogge, disgraced Tokyo bid chief Tsunekazu Takeda and former Tokyo Gov. Naoki Inose are seen at a signing ceremony in Buenos Aires on Sept. 7, 2013, after Tokyo was chosen as the host city of the 2020 Summer Olympics at the International Olympic Committee s general session. (Kyodo)