dentsu international is a Japanese international advertising and public relations company who is the parent company of Dentsu Aegis Network and operates in over 145 countries. Its Q321 performance was very strong, with revenue less cost of sales up 27.8% on an organic basis and a substantial uplift in operating margin to 23.5%, from 12.2% in Q221. Full-year guidance is raised again and board changes for the new year split the chairman and CEO roles, with the existing CEO retiring and appointments of independent non-executives planned. An uplift in DPS to ¥113.5 is now expected for the full year (previously ¥101), due to better performance and balance sheet strength.
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