Dentsu Inc. (President: Tateo Mataki; Head Office: Tokyo; Capital: 58,967.1 million yen) reported that 66 employees had applied for the early retirement incentive plan targeted at employees over 45 years of age before the deadline of September 13, 2002.
Details of the solicitation and results appear below.

1. Early Retirement Incentive Plan
(1) Eligibility: Employees who will be between 45 and 59 years
of age and have been in service for 15 years or more on
October 30, 2002 (1,773 employees were eligible).
(2) Period for applications: From August 1, 2002 to September
13,2002.
(3) Date of retirement: October 31, 2002.
(4) Retirement benefit: A special increment will be added to
the ordinary retirement benefit.

2. Application Results
Sixty-six applications, which amount to 3.7% of the 1,773 eligible employees, were received, against 200 applications sought by Dentsu.

3. Impact on Profit and Loss
The impact on profit and loss due to the implementation of the early retirement incentive plan account for an extraordinary loss of approximately 1,560 million yen appropriated for the period ending March 31, 2003, and a reduction of 470 million yen in personnel expenses for the period.

From the next fiscal year, reductions in annual personnel expenses are forecast to reach approximately 1,070 million yen.