ENLARGE Tadashi Ishii, president and chief executive officer of Dentsu Inc. Photo: Bloomberg NewsJapanese ad holding company Dentsu 4324 2.26 % has notified client Toyota of irregularities in its transactions, according to a statement from the automotive giant. “While we are not in a position to provide additional details, we have been notified by Dentsu of irregularities in some digital media business transactions,” said Toyota in a statement from the company’s global headquarters. Dentsu did not immediately respond to a request for comment, but has been in touch with at least one analyst that covers its business. After an internal investigation by Toyota, the ad and media company faces questions about digital media transactions going back at least five years, according to the Financial Times. Dentsu dominates the ad and media business in Japan, but the holding company derived more than half of its business from markets outside of Japan in fiscal 2015.

Source: Wall Street Journal September 21, 2016 23:26 UTC