Presentation Material of Financial Results for the Second Quarter of FY2024
(from January 1, 2024 to June 30, 2024)
Note: This English translation is solely for reference purposes and not a legally definitive translation of the original Japanese text. In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.
DENTSU SOKEN INC. July 31, 2024
INDEX
Outline of financial results for the 2Q of FY2024
Forecasts for FY2024
2Progress of Medium-Term Management Plan
INDEX
Outline of financial results for the 2Q of FY2024
Forecasts for FY2024
3Progress of Medium-Term Management Plan
Financial Highlights for the Second Quarter of FY2024
74.2 billion yen, almost in line with plan
+6.3% YoY, mainly in the Financial and Manufacturing Solutions Segments.
Net sales
10.3 billion yen, short of initial forecast (-5.8% vs. initial forecast, -2.7% YoY, ) In addition to a lower-than-planned gross profit margin, SG&A expenses increased mainly due to personnel expenses.
Operating profit
Orders received +15.9% YoY in 2Q, Order backlog +8.5% YoY at the end of 2Q (order backlog +7.4% excluding the impact of M&A.)
Orders
For the full year, the forecast for net sales remains unchanged from the initial forecast, because orders received are expected to improve in the 2H of the fiscal year. (Forecast was revised on July 24 to reflect M&A effects only)
Full-year forecast
Consolidated Results for the Second Quarter of FY2024
(Unit: millions of yen)
2Q of FY2024 (cumulative) | YoY | Vs. initial forecast (Announced on February 14, 2024) | |||||
2Q of FY2023 (cumulative) | Variance | % change | Forecasts | Variance | % change | ||
Net sales | 74,235 | 69,849 | +4,386 | +6.3 | 74,000 | +235 | +0.3 |
Gross profit | 27,076 | 25,562 | +1,514 | +5.9 | 27,200 | -124 | -0.5 |
Gross profit margin (%) | 36.5 | 36.6 | -0.1p | - | 36.8 | -0.3p | - |
Selling, general and administrative expenses | 16,715 | 14,910 | +1,805 | +12.1 | 16,200 | +515 | +3.2 |
Operating profit | 10,360 | 10,652 | -292 | -2.7 | 11,000 | -640 | -5.8 |
Operating margin (%) | 14.0 | 15.3 | -1.3p | - | 14.9 | -0.9p | - |
Ordinary profit | 10,262 | 10,785 | -523 | -4.9 | 11,000 | -738 | -6.7 |
Profit attributable to owners of parent | 7,248 | 7,446 | -198 | -2.7 | 7,700 | -452 | -5.9 |
Number of employees (people)* ** | 4,349 | 3,599 | +750 | +20.8 | |||
* At the end of the second quarter ** Including Mitsue-Links Co., Ltd. which became a subsidiary in April 2024
Factors for Increase/Decrease in Operating Profit (vs. initial forecast)
Gross profit margin declined from the plan due to two unprofitable projects in the second quarter.
SG&A expenses increased more than expected due to an increase in man-hours spent on proposal activities by engineers to win new deals and an increase in unpaid man-hours spent by engineers due to a decrease in sales of add-on development services for in-house software products compared to the plan.
Operating profit 103.6
Increase in SG&A expenses -5.1
Operating profit 110.0
Increase mainly in
business development expenses (+3.2) sales promotion expenses (+2.1)
Gross profit margin declined
-0.3p, due to 2 unprofitable projects (profit impact: -2)
vs. initial forecast
-6.4
Effect of increase in sales +0.8
Impact of decline in gross profit margin -2.1
(Unit: 100 millions of yen)
2Q of FY2024
(cumulative) initial forecast
2Q of FY2024
(cumulative) result
Factors for Increase/Decrease in Operating Profit (YoY)
Net sales +6.3% YoY, and gross profit margin remained almost unchanged from the same period of the previous year
Operating profit declined due to a significant increase in SG&A expenses resulting from an increase in the number of personnel, higher base salaries, and an increase in unpaid man-hours spent by engineers.
Impact of decline in gross
profit margin -0.9
(Unit: 100 millions of yen)
Operating profit 103.6
Operating profit 106.5
Increase in SG&A expenses
-18.0
Effect of increase in sales
+16.0
Increase mainly in personnel expenses (+7.2)
business development expenses (+4.1) sales promotion expenses (+2.9) outsourcing expenses (+1.6)
Overall gross profit margin remained flat YoY (-0.1p) due to improved profitability of in-house software products, despite decline in profitability in consulting, outsourcing, operation and maintenance services.
YoY
-2.9
2Q of FY2023
(cumulative) result
2Q of FY2024
(cumulative) result
Non-operating Income/Expenses and Extraordinary Income/Losses
Non-operating income/expenses deteriorated due to the posting of foreign exchange losses, etc.
Extraordinary income/losses improved due to the recording of gain on sale of investment securities and a decrease in loss on valuation of investment securities.
(Unit: millions of yen)
2Q of FY2024 (cumulative) | YoY | |||
2Q of FY2023 (cumulative) | Variance | % change | ||
Operating profit | 10,360 | 10,652 | -292 | -2.7 |
Non-operating income | 130 | 151 | -21 | -13.9 |
Non-operating expenses | 228 | 18 | +210 | +1,166.7 |
Ordinary profit | 10,262 | 10,785 | -523 | -4.8 |
Extraordinary income | 320 | 135 | +185 | +137.0 |
Extraordinary losses | 25 | 377 | -352 | -93.4 |
Profit before income taxes | 10,557 | 10,544 | +13 | +0.1 |
Total income taxes | 3,309 | 3,096 | +213 | +6.9 |
Profit attributable to non-controlling interests | - | 1 | -1 | - |
Profit attributable to owners of parent | 7,248 | 7,446 | -198 | -2.7 |
Net Sales and Operating Profit by Reportable Segment
(Unit: millions of yen)
Reportable Segment | 2Q of FY2024 (cumulative) | YoY | Vs. initial forecast | ||||
Variance | % change | Overview | Variance | % change | |||
Financial Solutions | Net sales | 16,109 | +1,388 | +9.4 | Net sales and operating profit increased due to expanded sales and implementation of third-party software in the accounting area to the banking industry and sales and installations of Lamp increased to the leasing industry. | +109 | +0.7 |
Operating profit | 1,840 | +424 | +29.9 | - | - | ||
% | 11.4 | +1.8p | - | - | - | ||
Business Solutions | Net sales | 11,717 | +64 | +0.5 | Net sales were flat YoY due to the peak out of several projects in the accounting area, although sales and implementation of POSITIVE expanded mainly in the insurance industry. Profit decreased due to a significant increase in personnel expenses in line with strategic personnel recruitment. | -583 | -4.7 |
Operating profit | 2,781 | -371 | -11.8 | - | - | ||
% | 23.7 | -3.3p | - | - | - | ||
Manufacturing Solutions | Net sales | 22,694 | +2,899 | +14.6 | Net sales and operating profit increased due to the expansion of consulting to support system grand design and engineering, as well as sales and implementation of Teamcenter mainly to the electric appliances and precision instruments industry. | +994 | +4.6 |
Operating profit | 2,727 | +556 | +25.6 | - | - | ||
% | 12.0 | +1.0p | - | - | - | ||
Communication IT | Net sales | 23,713 | +35 | +0.1 | Net sales were flat YoY due to sluggish performance in collaboration with the Dentsu group, despite expanded implementation of SAP solutions to the machinery industry. Profit decreased due to an increase in personnel expenses and the impact of a project that was unprofitable in the previous fiscal year remaining at a low profit level. | -287 | -1.2 |
Operating profit | 3,010 | -900 | -23.0 | - | - | ||
% | 12.7 | -3.8p | - | - | - | ||
* Lamp: Leasing and finance business management package, POSITIVE: human capital management solution, Teamcenter: product lifecycle management solution
Ref. Consolidated Financial Results for the 2Q of 2024(April-June)
Consolidated Financial Results(Unit: millions of yen)
Reportable Segment(Unit: millions of yen)
2Q of FY2024 (April-June) | YoY | |||
2Q of FY2023 (April-June) | Variance | % change | ||
Net sales | 37,135 | 35,069 | +2,066 | +5.9 |
Gross profit | 13,509 | 12,788 | +721 | +5.6 |
% | 36.4 | 36.5 | -0.1p | - |
SG & A expenses | 8,906 | 7,812 | +1,094 | +14.0 |
Operating profit | 4,603 | 4,975 | -372 | -7.5 |
% | 12.4 | 14.2 | -1.8p | - |
Reportable Segment | 2Q of FY2024 (April-June) | YoY | ||
Variance | % change | |||
Finance Solutions | Net sales | 8,223 | +818 | +11.0 |
Operating profit | 872 | -21 | -2.4 | |
% | 10.6 | -1.5p | - | |
Business Solution | Net sales | 6,111 | +133 | +2.2 |
Operating profit | 1,545 | -36 | -2.3 | |
% | 25.3 | -1.1p | - | |
Manufacturing Solutions | Net sales | 10,981 | +1,341 | +13.9 |
Operating profit | 880 | -7 | -0.8 | |
% | 8.0 | -1.2p | - | |
Communication IT | Net sales | 11,820 | -225 | -1.9 |
Operating profit | 1,304 | -309 | -19.2 | |
% | 11.0 | -2.4p | - | |
Net Sales by Service Category and Dentsu Group
(Unit: millions of yen)
Service category | 2Q of FY2024 (cumulative) | YoY | Vs. initial forecast | ||
Variance | % change | Variance | % change | ||
Consulting Services | 4,763 | +764 | +19.1 | +163 | +3.5 |
Custom System Development | 15,027 | -711 | -4.5 | -973 | -6.1 |
In-house Software | 15,136 | +82 | +0.5 | -1,264 | -7.7 |
Third-party Software | 26,886 | +3,827 | +16.6 | +1,586 | +6.3 |
Outsourcing, Operation and Maintenance Services | 8,404 | +188 | +2.3 | +404 | +5.1 |
IT Equipment Sales and Others | 4,017 | +237 | +6.3 | +317 | +8.6 |
Counterparty | 2Q of FY2024 (cumulative) | YoY | |
Variance | % change | ||
Dentsu Group Inc. and its subsidiaries | 10,763 | -268 | -2.4 |
Net Sales by Industry
Industry | 2Q of FY2024 (cumulative) | YoY | |||
Net sales | Composition ratio (%) | Variance | % change | ||
Banks | 11,272 | 15.2 | +398 | +3.7 | |
Other financial institutions | 4,314 | 5.8 | +1,024 | +31.1 | |
Financial | 15,586 | 21.0 | +1,422 | +10.0 | |
Transportation equipment | 12,734 | 17.2 | +1,703 | +15.4 | |
Electric appliances Precision instruments | 8,197 | 11.0 | +857 | +11.7 | |
Machinery | 5,566 | 7.5 | +394 | +7.6 | |
Other products | 5,458 | 7.4 | -519 | -8.7 | |
Manufacturing | 31,957 | 43.1 | +2,435 | +8.2 | |
Services and public offices | 20,448 | 27.5 | +462 | +2.3 | |
Distributions and others | 6,243 | 8.4 | +67 | +1.1 | |
(Unit: millions of yen)
* As we reviewed some of our client industries, we used reclassified figures for comparison with the same period last year.
Orders Received and Order Backlog
(Unit: millions of yen)
Orders received | Order backlog | ||||||
2Q of FY2024 (April-June) | YoY % change | 2Q of FY2024 (cumulative) | YoY % change | End of 2Q of FY2024 | YoY % change | ||
Total | 41,206 | +15.9 | 87,048 | +8.3 | 67,413 | +8.5 | |
Reportable segment | Financial Solutions | 8,093 | -3.5 | 16,916 | +10.9 | 8,581 | +3.2 |
Business Solutions | 6,281 | +7.0 | 12,173 | +5.2 | 8,332 | -18.0 | |
Manufacturing Solutions | 12,144 | +12.4 | 27,597 | +7.8 | 28,017 | +17.2 | |
Communication IT | 14,687 | +40.0 | 30,361 | +8.8 | 22,481 | +13.8 | |
Service category | Consulting Services | 2,956 | +20.2 | 5,488 | +17.8 | 2,197 | +33.6 |
Custom System Development | 7,404 | +4.9 | 16,195 | +7.9 | 6,896 | +10.7 | |
In-house Software | 8,399 | +4.6 | 16,043 | +1.8 | 11,678 | -12.9 | |
Third-party Software | 16,780 | +32.4 | 34,143 | +17.4 | 34,347 | +22.0 | |
Outsourcing, Operation and Maintenance Services | 3,726 | -2.8 | 10,780 | -5.0 | 6,462 | -2.7 | |
IT Equipment Sales and Others | 1,938 | +29.3 | 4,397 | -2.1 | 5,831 | -3.7 | |
* The order backlog at the end of the second quarter includes the figures for Mitsue-Links Co.,Ltd., which became a subsidiary in April 2024 and is incorporated into the Communication IT segment.
Trends in Orders Received and Order Backlog
Net Sales
720
684
803
645
870
674
(Unit : 100 million yen)
Orders received
+8.3% YoY
Order backlog
565
375
418
314
562
384
455
325
638
413
473
350
646
454
542
533
409
577
507
614
516
675
621
698
538
727
742
+8.5% YoY
430
479
491
514 550
536
FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |||||||
First half | Second half | First half | Second half | First half | Second half | First half | Second half | First half | Second half | First half | Second half | First half | Second half |
Consolidated Balance Sheets
(Unit: millions of yen)
As of June 30, 2024 | As of December 31, 2023 | Variance | Main Factors for Increase/Decrease | ||
Total current assets | 116,050 | 114,813 | +1,237 | Increase in advance payments to suppliers (+5,555) Increase in deposits paid (+1,899) Increase in cash and deposits (+542) Decrease in trade receivables and contract assets (-7,081) | |
Total non-current assets | 27,547 | 18,520 | +9,027 | Increase in goodwill (+7,847) Increase in investments and other assets (+558) | |
Total assets | 143,597 | 133,333 | +10,264 | ||
Total current liabilities | 53,655 | 47,622 | +6,033 | Increase in contract liabilities (+5,071) Increase in notes and accounts payable - trade (+1,557) | |
Total non-current liabilities | 2,998 | 2,739 | +259 | Increase in asset retirement obligations (+103) Increase in provision for share awards (+65) | |
Total liabilities | 56,653 | 50,362 | +6,291 | ||
Total net assets | 86,944 | 82,971 | +3,973 | Increase in retained earnings (+3,598) | |
Total liabilities and net assets | 143,597 | 133,333 | +10,264 | ||
Consolidated Statements of Cash Flows
(Unit: millions of yen)
2Q of FY2024 (cumulative) | Main Factors | YoY | ||
2Q of FY2023 (cumulative) | Variance | |||
Cash flows from operating activities | 16,207 | Quarterly profit before income taxes (10,557) Decrease in trade receivables and contract assets (7,790) Increase in contract liabilities (4,829) Increase in advance payments to suppliers (-5,513) | 10,136 | +6,071 |
Cash flows from investing activities | -10,146 | Purchase of shares of subsidiaries resulting in change in scope of consolidation (-8,591) Purchase of intangible assets (-1,100) | -1,130 | -9,016 |
Cash flows from financing activities | -4,048 | Dividends paid (-3,649) | -3,376 | -672 |
Effect of exchange rate change on cash and cash equivalents | 367 | 246 | +121 | |
Net increase (decrease) in cash and cash equivalents | 2,379 | 5,876 | -3,497 | |
Cash and cash equivalents at beginning of period | 57,515 | 53,305 | +4,210 | |
Cash and cash equivalents at end of period | 59,895 | 59,181 | +714 | |
INDEX
Outline of financial results for the 2Q of FY2024
Forecasts for FY2024
Progress of Medium-Term Management Plan
Note:
Forecasts of business results in this document are based on judgments and assumptions made in light of industry trends, customer conditions, and other information currently available, and are not intended as a guarantee that they will be achieved. Actual results may differ from these forecasts due to uncertainties inherent in forecasts, changes in internal and external conditions, and other factors.
17Forecasts for FY2024
The full-year forecast announced on February 14 was revised on July 24 as follows, taking into account the effect of making Mitsue-Links Co., Ltd. a subsidiary, although there is no change to the initial forecast for net sales.
As for profits, the forecast for all profit items remains unchanged because orders received increased 15.9% in the second quarter, mainly in consulting services and third-party software, and are expected to improve in the second half of the fiscal year.
(Unit: millions of yen) (Unit: millions of yen)
Previous Forecast (Announced on February 14, 2024) | Revised Forecast (Announced on July 24, 2024) | Vs. Previous forecast | ||
Variance | % change | |||
Net sales | 153,000 | 155,000 | +2,000 | +1.3 |
Operating profit | 22,500 | 22,500 | - | - |
Operating margin (%) | 14.7 | 14.5 | -0.2p | - |
Ordinary profit | 22,500 | 22,500 | - | - |
Profit attributable to owners of parent | 15,700 | 15,700 | - | - |
YoY | ||
FY2023 | Variance | % change |
142,608 | +12,392 | +8.7 |
21,028 | +1,472 | +7.0 |
14.7 | -0.2p | - |
21,244 | +1,256 | +5.9 |
14,663 | +1,037 | +7.1 |
Ref. Forecasts for the Second half of FY2024
(Unit: millions of yen)
Revised 2H Forecasts (Announced on July 24, 2024) | YoY | Ratio of 2H forecasts to revised full-year forecast(%) | ||||
FY2023 | Variance | % change | ||||
Net sales | 80,764 | 72,758 | +8,006 | +11.0 | 52.1 | |
Operating profit | 12,139 | 10,375 | +1,764 | +17.0 | 54.0 | |
Operating margin (%) | 15.0 | 14.3 | +0.7p | - | - | |
Ordinary profit | 12,237 | 10,458 | +1,779 | +17.0 | 54.4 | |
Profit attributable to owners of parent | 8,451 | 7,216 | +1,235 | +17.1 | 53.8 | |
Reference: Net Sales Forecasts for FY2024
Service category | Revised Forecasts (Announced on July 24, 2024) | YoY | |
FY2023 (cumulative) | % change | ||
Consulting Services | 9,500 | +889 | +10.3 |
Custom System Development | 34,000* | +3,087 | +10.0 |
In-house Software | 34,000 | +3,763 | +12.4 |
Third-party Software | 53,000 | +4,816 | +10.0 |
Outsourcing, Operation and Maintenance Services | 17,000 | -108 | -0.6 |
IT Equipment Sales and Others | 7,500 | -53 | -0.7 |
Total | 155,000 | +12,392 | +8.7 |
(Unit: millions of yen) (Unit: millions of yen)
Reportable segment | Revised Forecasts (Announced on July 24, 2024) | YoY | |
FY2023 (cumulative) | % change | ||
Financial Solutions | 33,000 | +2,402 | +7.9 |
Business Solutions | 25,000 | +1,893 | +8.2 |
Manufacturing Solutions | 45,000 | +3,882 | +9.4 |
Communication IT | 52,000* | +4,216 | +8.8 |
Total | 155,000 | +12,392 | +8.7 |
*The figures for Mitsue-Links Co., Ltd. which became a subsidiary in April 2024, is included in the Communication IT segment by reporting segment and in the Custom System Development by service category.
INDEX
Outline of financial results for the 2Q of FY2024
Forecasts for FY2024
21Progress of Medium-Term Management Plan
Medium-Term Management Plan (2022-2024)
Medium-Term Management Plan (2022-2024) -Strategic Framework-DENTSU SOKEN X(Cross) Innovation 2024
While accelerating growth through deepening X Innovation, we will build a new foundation for the DENTSU SOKEN Group focused on our long-term goal for 2030
Priority Measures
Quantitative Targets
1
Business Domain Expansion
Hiraku
Accelerate existing core business growth
Strength and establish customer contact reform business
Strength and establish corporate and social transformation business
2
3
New Capability Acquisition
Tsukuru
Earnings Model Innovation
Kasegu
Management Foundation Innovation
Sasaeru
Strengthen human resources
Strengthen consulting
Strengthen cutting-edge technology
Enhance in-house software and third-party software
Promote diversification of business models
4
Promote sustainability management
Innovate management foundation
Growth Investments
Human resources
Technology Financing/M&A
over 4,200 employees (consolidated, as of Dec. 31, 2024)
¥17.0 billion (3-year cumulative)
¥10.0 billion or more (3-year cumulative)
¥150 billion |
¥22.5 billion |
15% |
18% |
FY2024 Medium-Term Targets Net sales
Operating profit Operating margin
ROE
2021-2024 CAGR
10.2%
18.0%
*
*
*
* Quantitative targets were revised on July 31, 2023
Continue to consider projects to expand our strengths.
¥9.2 billion
(As of the end of June 2024)
3-year cumulative over ¥10.0 billion
Financing
/M&A
While falling short of our targets, we have achieved a certain level of success in developing new products and improving existing ones.
¥11.6 billion
3-year cumulative
¥17.0 billion
Technology
Significant excess outlook due to M&A effects.
4,349 people
(As of the end of June 2024)
over 4,200 people
Progress on plan.
18.0%
From 15% to 18%
(Revised upward in July 2023)
ROE
While sales are strong, increased personnel expenses, goodwill
amortization, etc.
14.5%
From 12% to 15%
(Revised upward in July 2023)
Operating margin
Although orders received stalled in the first half of 2024, there is an upward trend.
¥ 22.5 billion
From ¥18.0 to ¥22.5 billion
(Revised upward in July 2023)
Operating profit
FY2024 Medium-Term Management Plan Targets |
¥150 billion |
FY2024 Forecast |
¥155 billion |
Progress |
Sales have steadily progressed toward targets, driven in part by M&A synergies. |
Progress of Medium-Term Management Plan
Quantitative Targets
Net sales
Growth Investments
Human resources
Status of Implementation of Priority Measures: Strengthen human resources
The risk of personnel shortages after 2022 is currently being resolved by strengthening the recruitment system and rebranding measures.
Human resources are the source of growth. Continue to strengthen recruitment in the second half of the fiscal year and beyond.
100.6+3.1%
+7.9%
108.6 112.0
+15.1%
129.0+10.5%
142.6+8.7%
Net Sales (billions of yen)
Employees (people)
+19.1%
As of the end of June: 4,349 people
+697 people year-on-year
・New graduate +221 people
・Mitsue-Links +395 people
+8.3%
+3.9% +4.6% +7.8%
3,117 3,240 3,388 3,652
4,000FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 Forecast |
Medium-Term Management Plan | |||||
Status of Implementation of Priority Measures: Strengthen consulting
Integrated consulting functions of two subsidiaries and the Company. Net sales of Consulting services in the first half of the year increased by 19.1% year-on-year.
Expanded our capabilities with a focus on our strengths in the engineering and marketing domains.
Business Solutions 2%
Financial Solutions
9%
Communication IT 21%
Net sales of Consulting Services
¥4.7 billion (1H of 2024)
Manufacturing Solutions 68%
Solution of Corporate Axis
(Business management, organization, human resource development, etc.)
New Business Concepts
Business Reform & DX Strategy
Solution of Value Chain Axis
(Consulting in processes of
mono-zukuri and koto-zukuri)
Planning & Product Strategy
Digital Factory
Improvement of Development Capabilities and MBSE
Sales & Service Strategy
Smart City
Solution of Thematic Axes
(Innovations that capture trends)
Carbon Neutrality
Municipality DX
Improving the Value of the Customer Experience
Risk Management
BOP (Bill of Process) Reform
Human Resource Development (DX/AI human resources, etc.) and Organizational Strategy
Net Sales by Reportable Segment
Status of Implementation of Priority Measures: Enhance in-house and third-party software
The ratio of Third-party Software and In-house Software to net sales increased. (from 50% for FY2021 to 56% for FY2024)
Expanded software provision capabilities through new product development, increased number of distributors, strengthened partner collaboration, etc.
Consulting Services 6%
Net Sales by Service Category
IT Equipment Sales and Others 7%
Outsourcing, Operation and Maintenance Services
Consulting Services 6%
IT Equipment Sales and Others 5%
Outsourcing, Operation and Maintenance Services
11%
Custom System Development 26%
Net sales
¥112 billion
(FY2021)
11%
Custom System Development 22%
Net sales
¥155 billion
(FY2024)
Third-party Software Third-party Software In-house Software 20% 30% In-house Software 22% 34%Status of Implementation of Priority Measures: Promote sustainability management
The following two reports were issued.
Integrated Report 2024 (published July 31)
＜URL＞
Human Capital Report 2024 (published July 16)
＜URL＞
https://www.dentsusoken.com/ir/library/integratedreport.html
*Japanese version only. English version to be published at a later date.
Improved external recognition
https://www.dentsusoken.com/sites/dentsusoken_default/files/2024-07/HumanCapitalReport2024.pdf
Japanese version only
Selected as a constituent of the MSCI Japan ESG Select Leaders Index for the first time
Recognized as the first ISS ESG Corporate Rating "Prime" for the first time
Selected as a constituent of the Sompo Sustainability Index for the first time