Dentsu Group Inc.

TSE:4324 Stock Report

Market Cap: JP¥980.7b

Dentsu Group Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Takeshi Sano

Chief executive officer

JP¥245.0m

Total compensation

CEO salary percentage39.18%
CEO tenureless than a year
CEO ownershipn/a
Management average tenure2.5yrs
Board average tenure1.4yrs

Recent management updates

Recent updates

Narrative Update Aug 06

4324: Creator Partnerships And Index Shift Will Shape A Measured Outlook

Analysts have revised their price target for Dentsu Group to ¥3,442 from ¥3,282, reflecting updated assumptions around revenue growth, profit margins, the discount rate, and a future P/E estimate of 11.94x. What’s in the News for Dentsu Group Dentsu Group and CreatorIQ announced a data partnership that links dentsu.Audiences with CreatorIQ’s AI enabled creator platform.
Narrative Update Jun 18

4324: Expanded Premium Video Partnership And FTC Probe Risk Will Pressure Outlook

Analysts have raised their price target for Dentsu Group slightly, from around ¥2,500 to about ¥2,509.85, citing updated assumptions around revenue growth, discount rate, profit margin, and future P/E that modestly adjust their valuation framework. What's in the News for Dentsu Group Magnite and Dentsu Group expanded their partnership in Sweden, with dentsu using Magnite’s tools and technology to power AMX Premium Video and support premium video campaigns across connected TV.
Narrative Update Jun 04

4324: Lower Earnings Assumptions Will Weigh On Premium Video Partnership Outlook

Analysts have trimmed their price target on Dentsu Group from ¥2,800 to ¥2,500, reflecting updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple. What's in the News Magnite and Dentsu Group expanded their existing EMEA relationship with a new partnership in Sweden, focusing on the media supply chain for premium video and connected TV, source: company client announcement.
Narrative Update May 21

4324: Boycott Probe Settlement Talks And Fine Tuned Assumptions Will Shape Balanced Outlook

Analysts have kept their ¥3,282 price target for Dentsu Group unchanged, with slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E. This suggests a more fine tuned rather than directional shift in their outlook.
Analysis Article May 19

Dentsu Group Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for Dentsu Group Inc. ( TSE:4324 ) shareholders, because the company has just released its latest...
Narrative Update May 01

4324: Regulatory Probe, Impairment Charges And Leadership Change Will Shape Balanced Outlook

Analysts have kept their fair value estimate for Dentsu Group steady at roughly ¥3,282 per share, making only minor tweaks to inputs like the discount rate and future P/E. This reflects updated assumptions rather than a change in overall conviction.
Narrative Update Apr 17

4324: Impairment Reset And Leadership Change Will Frame Balanced Outlook

Analysts have nudged their price target on Dentsu Group slightly lower to ¥3,282 from ¥3,293, reflecting updated assumptions that combine a somewhat higher discount rate with modestly stronger revenue growth, profit margin and future P/E inputs. What's in the News The U.S. Federal Trade Commission is reported to be negotiating a potential settlement with advertising firms, including those linked to a boycott probe.
Narrative Update Apr 03

4324: Impairment Charges And Leadership Change Will Frame A Steady Outlook

Analysts have kept their ¥2,800 price target for Dentsu Group unchanged, citing updated assumptions that include a slightly different discount rate, revenue growth, profit margin, and future P/E inputs. Together, these factors support maintaining the existing valuation view.
Narrative Update Mar 20

4324: Impairment Reset And New Leadership Will Support Rebound Prospects

Analysts now see Dentsu Group's fair value at about ¥3,293, down from roughly ¥3,397. This reflects slightly higher discount rate assumptions, modestly lower revenue growth expectations, a small trim to profit margin forecasts, and a marginally lower future P/E multiple in their updated models.
Narrative Update Mar 05

4324: Impairment And Leadership Transition Will Shape Balanced Outlook

Analysts have maintained their fair value estimate for Dentsu Group at ¥2,800. Slightly higher assumed revenue growth and a higher discount rate are offset by a lower projected profit margin and a modestly higher future P/E, leaving the overall price target unchanged.
Narrative Update Feb 19

4324: Impairment Charges And Leadership Changes Will Shape Measured Outlook

Analysts have trimmed their Dentsu Group price target from ¥2,900 to ¥2,800, reflecting updated views on discount rates, revenue growth assumptions, profit margins, and future P/E levels. What's in the News Dentsu Group plans to record goodwill impairment losses of ¥310.1b in the fourth quarter of FY2025, subject to Board approval, which would materially affect reported earnings for that period.
Analysis Article Feb 14

Dentsu Group Inc.'s (TSE:4324) Business Is Yet to Catch Up With Its Share Price

There wouldn't be many who think Dentsu Group Inc.'s ( TSE:4324 ) price-to-sales (or "P/S") ratio of 0.5x is worth a...
Narrative Update Feb 05

4324: Revised 2025 Guidance And Margin Outlook Will Shape Balanced Future Prospects

Analysts kept their fair value estimate for Dentsu Group steady at ¥2,900, citing a slightly lower discount rate, modestly revised revenue growth assumptions of 0.97% and a future P/E of 9.72, offset by a small reduction in profit margin expectations to 6.31%. What's in the News Dentsu Group revised its FY2025 consolidated guidance, now expecting revenue of ¥1,421b and net revenue of ¥1,182.6b, with operating profit projected at ¥17.6b instead of a previously guided operating loss of ¥3.5b.
Narrative Update Jan 22

4324: Higher Profit Forecast And Accounting Review Will Reshape 2025 Outlook

Analysts have lifted their fair value estimate for Dentsu Group from ¥2,400 to ¥2,900. They cite updated assumptions that pair a slightly lower discount rate and P/E multiple with revised expectations for revenue growth and profit margins.
Analysis Article Jan 17

Here's Why Dentsu Group (TSE:4324) Can Manage Its Debt Responsibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update Jan 08

4324: Margin Pressures And Sports Expansion Will Shape Balanced Share Prospects

Analysts have kept their fair value estimate for Dentsu Group broadly unchanged at ¥3,396.67, while refining assumptions around revenue growth, profit margins, the discount rate and future P/E. This reflects updated views on the balance between earnings potential and risk.
Analysis Article Dec 21

Investors Will Want Dentsu Group's (TSE:4324) Growth In ROCE To Persist

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Narrative Update Dec 20

4324: Margin Recovery And Sports Expansion Will Shape Balanced Share Prospects

Analysts have modestly raised their price target for Dentsu Group to ¥3,397 from ¥3,330, reflecting slightly higher long term profit margin assumptions and a small uptick in the company’s justified valuation multiples, despite only marginal tweaks to growth and discount rate inputs. What's in the News Dentsu Group raised its FY2025 operating profit forecast from an operating loss of ¥3.5 billion to an operating profit of ¥17.6 billion, supported by stronger Japan performance and cost reductions, while keeping organic growth guidance at around 0% (company guidance).
Narrative Update Dec 06

4324: International Business Uncertainty And Margin Outlook Will Shape Balanced Share Prospects

Narrative Update on Dentsu Group Analyst Price Target The analyst price target for Dentsu Group has been raised from ¥3,121 to ¥3,330. Analysts cite an improved profit margin outlook and a slightly lower assumed valuation multiple, partially offset by more conservative revenue growth expectations.
Narrative Update Nov 22

4324: International Business Sale Could Expose Shares To Significant Downside Risk

Narrative Update on Dentsu Group: Analyst Price Target Rises Analysts have raised their fair value estimate for Dentsu Group from ¥3,070 to ¥3,121.25, citing improved revenue growth prospects and higher profitability expectations. What's in the News Dentsu is evaluating the sale of its international business, which could raise several billion dollars if successful (Financial Times).
Analysis Article Aug 17

Dentsu Group Inc. (TSE:4324) Just Reported Earnings, And Analysts Cut Their Target Price

TSE:4324 1 Year Share Price vs Fair Value Explore Dentsu Group's Fair Values from the Community and select yours...
Narrative Update Aug 16

Investing In Integrated Growth Solutions And Modern Media Will Drive Competitiveness In Future Markets

Despite an improved revenue growth outlook and a lower forward P/E multiple, the consensus analyst price target for Dentsu Group has been reduced from ¥3,275 to ¥3,095. What's in the News Dentsu Group's board is set to discuss a revision of the full-year consolidated earnings forecast and the dividend of surplus.
User avatar
New Narrative Dec 03

AI And Merkury For Media Launch Fuel Growth In Key Markets

Strategic focus on data, technology, AI, and major markets like Japan and the US aims for revenue growth and enhanced service models.

CEO Compensation Analysis

How has Takeshi Sano's remuneration changed compared to Dentsu Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-JP¥294b

Dec 31 2025JP¥245mJP¥96m

-JP¥328b

Compensation vs Market: Takeshi's total compensation ($USD1.54M) is above average for companies of similar size in the JP market ($USD1.02M).

Compensation vs Earnings: Insufficient data to compare Takeshi's compensation with company performance.


CEO

Takeshi Sano (56 yo)

less than a year
Tenure
JP¥245,000,000
Compensation

Mr. Takeshi Sano is Director of 4QUALIA Co. Ltd. He serves as Chief Executive Officer of Japan at Dentsu Group Inc. since March 2026 and served as its Deputy Global COO since March 27, 2026 and also serves...


Leadership Team

NamePositionTenureCompensationOwnership
Takeshi Sano
Representative Executive Officerless than a yearJP¥245.00mno data
Shigeki Endo
Global CFO1.5yrsJP¥165.00mno data
Giulio Malegori
Head of Regional Business of EMEAless than a yearJP¥682.00mno data
Shirli Zelcer
Chief Data and Technology Officer2.4yrsno datano data
Alex Bedier
Global Chief Information Officer2.6yrsno datano data
Natsuki Morishima
Executive - Group IR Officeno datano datano data
Alison Zoellner
Global General Counsel3.6yrsno datano data
Jeremy Miller
Global Chief Communications Officer3.6yrsno datano data
Miho Tanimoto
Global Chief Human Resources Officer3.6yrsno datano data
Takaki Hibino
Executive Officerno datano datano data
Yuya Furukawa
Chief Creative Officerno datano datano data
Amit Wadhwa
President of Impactno datano datano data
2.5yrs
Average Tenure
56yo
Average Age

Experienced Management: 4324's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Takeshi Sano
Representative Executive Officerless than a yearJP¥245.00mno data
Shigeki Endo
Global CFOless than a yearJP¥165.00mno data
Yoshimasa Watahiki
Representative Executive Officerless than a yearno datano data
Andrew House
Independent Outside Director4.2yrsno datano data
Yoshihiko Kawamura
Independent Outside Director1.4yrsno data0.00011%
¥ 1.1m
Gan Matsui
Independent Chairman3.4yrsno datano data
Naoko Ichikawa
Independent Outside Director1.4yrsno data0.000050%
¥ 490.4k
Yuka Matsuda
Independent Outside Director3.4yrsno data0.000080%
¥ 784.6k
Paul Candland
Independent Outside Director3.4yrsno datano data
Keiichi Sagawa
Independent Outside Director3.4yrsno datano data
Norimitsu Takashima
Independent Outside Director1.4yrsno data0.00011%
¥ 1.1m
1.4yrs
Average Tenure
65yo
Average Age

Experienced Board: 4324's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 17:13
End of Day Share Price 2026/08/14 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dentsu Group Inc. is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yoshitaka NagaoBofA Global Research
Mitsunobu TsuruoCitigroup Inc
Hideo NodaCLSA