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| 1. Dividends |
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2004 |
2005 |
2006 |
2007 |
2008 |
2009(E) |
| Cash dividend per share (yen) |
1,000 |
1,500 |
2,500 |
3,000 |
3,500 |
4,000 |
| Dividend payout ratio (consolidated,%) (1) |
4.4 |
14.8 |
22.1 |
26.8 |
26.5 |
30.9 |
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*Years ended March 31 |
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| (1) |
Dividend payout ratio = cash dividend per share ÷ consolidated net income per share x 100 |
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| Total Dividends, Payout Ratio and Consolidated ROE |
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| *Estimated figures of FY2008 are calculated on the assumption that all the shares are repurchased at the TOB price. |
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2. Stock Split Subsequent to Listing on the Tokyo Stock Exchange

On May 20, 2004, Dentsu implemented a two-for-one stock split. As a consequence, the total number of shares issued increased by 1,390,920, to 2,781,840. |
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