• Kyodo News


Dentsu Inc. on Thursday cut its net balance estimate for fiscal 2008 and forecasted a group net loss of ¥20.45 billion instead of a profit of ¥11 billion as predicted in February.

The loss would be the first for the nation’s most powerful ad agency since it went public in 2001. The company booked losses during its startup phase in fiscal 1901 and 1902.

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