Subsidiaries and Affiliates



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Subsidiaries and Affiliates (As of March 31, 2010) Dentsu conducts its business together with its subsidiaries and affiliates. As of March 31, 2010, the Dentsu Group included 122 consolidated subsidiaries and 34 affiliated companies accounted for under the equity method. Equity Held by Dentsu Name Geographic Area (Equity Held Indirectly) (%) Description of Business Consolidated Subsidiaries Dentsu East Inc. Advertising in the Kanto and Tohoku regions as well as Shizuoka and Niigata prefectures Dentsu West Inc. Advertising in the Chugoku region and Shikoku as well as Hyogo, Ishikawa, Fukui and Toyama prefectures Dentsu Kyushu Inc. Advertising in Kyushu Dentsu Hokkaido Inc. Advertising in Hokkaido Dentsu Meitetsu Communications Inc. (1) 50.0 Total advertising services; specializing in promotion and OOH Dentsu Young & Rubicam Inc. 51.0 Advertising company established by Dentsu and Young & Rubicam Cyber Communications Inc. Internet-based advertising media rep. DA search & link Inc. (3) 55.0 55.0 Internet advertising The Goal Inc. 77.8 Fashion and accessories industry advertising Dentsu Tec Inc. Planning and production for sales promotions, events, commercials, print, etc. Dentsu Creative X Inc. All areas of the creative content production business Dentsu Public Relations Inc. Public relations planning and implementation Dentsu Casting and Entertainment Inc. Casting services related to advertising Dentsu Table Media Communications Inc. 95.0 95.0 Company specialized in advertising inserts Information Services International-Dentsu, Ltd. 61.9 0.0 Information systems building; software sales and support for various business areas Dentsu Facility Management Inc. (7) Real estate operations management, leasing, buying and selling, intermediation and insurance company Dentsu Holdings USA, Inc. Holding company in the USA Dentsu America, LLC (4) Advertising company in the USA Dentsu McGarry Bowen, LLC Advertising company in the USA Dentsu Latin America Propaganda Ltda. (5) Brazil Advertising company in Brazil Beijing Dentsu Advertising Co., Ltd. China 70.0 Advertising company in China Dentsu (Thailand) Ltd. Thailand 98.4 Advertising company in Thailand Dentsu Media (Thailand) Ltd. Thailand 51.0 Media agency in Thailand 100

Equity Held by Dentsu Name Geographic Area (Equity Held Indirectly) (%) Description of Business Media Palette (Taiwan) Inc. Taiwan 30.0 Media agency in Taiwan Dentsu Korea Inc. (6) Republic of Korea 85.0 Advertising company in Korea and 97 other companies Affiliated Companies Accounted for under the Equity Method Ad Gear Ltd. 34.0 Advertising firm specializing in out-of-home media and store promotions Frontage Inc. 40.0 Advertising firm that focuses on branding Beacon Communications K.K. 34.0 Advertising firm established by Dentsu and the Publicis Groupe Video Research Ltd. 34.2 TV audience rating surveys, radio audience rating surveys and other research OPT, Inc. 35.1 e-marketing business focusing on internet advertising (35.1) D2 Communications Inc. 46.0 Advertising for i-mode and other mobile platforms (10.0) Publicis Groupe S.A. (2) France 15.0 Holding company for Advertising Communication Group with global network DCTP Entwicklungsgesellschaft für TV-Programm mbh Germany 37.5 TV program distributor/tv production company in Germany Phoenix Communications Inc. Republic of Korea 33.0 Advertising company in Korea and 25 other companies Notes: (1) Although Dentsu s ownership is 50% or less, the company is considered a subsidiary because Dentsu exerts effective control. (2) Although Dentsu s ownership is less than 20%, the company is considered an affiliate because Dentsu has an effective impact on its operations. (3) Dentsu search & link INC. changed its company name to DA search link Inc. on October 1, 2009. (4) Dentsu America, Inc. was restructured as Dentsu America, LLC on January 21, 2010. (5) Dentsu Latin America Propaganda S/A was restructured as Dentsu Latin America Propaganda Ltda. on November 25, 2009. (6) Dentsu InnovaK Inc. changed its company name to Dentsu Korea Inc. on December 22, 2009. (7) Dentsu Facility Management Inc. and Dentsu Human Resource Inc. were consolidated, and the new company was named Dentsu Works Inc. on July 1, 2010. 101

History 1901 Hoshiro Mitsunaga establishes Advertising Ltd. and Telegraphic 2002 Yutaka Narita becomes the second Chairman. Tateo Mataki Service Co. becomes the 10th President. The Bcom3 Group merges with Publicis 1906 Telegraphic Service Co. becomes Telegraphic Communication Groupe S.A. Dentsu acquires a 15% stake in the newly formed Co., Ltd. group. Dentsu s new Shiodome Head Office Building opens in 1907 Advertising Ltd. merges with Telegraphic Communi- November. cation Co., Ltd. and starts to engage in communication and advertising 2003 Ad Dentsu Tokyo Inc. and Dentsu Tohoku Inc. are merged into operations. Dentsu East Inc. GENEON ENTERTAINMENT INC. and 1936 Telegraphic Communication Co., Ltd. relinquishes its news GENEON ENTERTAINMENT (USA) INC. are acquired as subsidiaries. services division to Domei News Agency, and relaunches itself as a 2004 Ad Dentsu Hokkaido Inc. is merged into Dentsu Hokkaido Inc. specialized advertising agency. Dentsu Cayenne Holdings Ltd. is established. 1943 Dentsu acquires 16 companies in a move to augment its advertising 2005 The Dentsu Group obtains BS7799 certification and Information agency business. Operational bases are established in Tokyo, Osaka, Security Management Systems (ISMS) certification. All of Dentsu Nagoya and Kyushu. Inc. s domestic branch offices receive ISO 14001:2004 certification. 1947 Hideo Yoshida becomes the fourth President. The Dentsu Advertising Dentsu EYE Inc. is merged into Dentsu East Inc. Awards are established. 2006 Dentsu Tec Inc. is converted to a wholly-owned subsidiary, and its 1949 The Dentsu Advertising Essay Contest for Students is established. shares are delisted. 1951 Dentsu establishes the Radio Division at its Head Office and local 2007 Dentsu s consolidated net sales reach 2 trillion in the fiscal year offices. Commercial radio broadcasting begins in. ended March 31, 2007. Tatsuyoshi Takashima becomes the 11th 1953 Dentsu creates the Radio and Television Division at its Head Office President. Dentsu Inc. and OPT Inc. (currently an affiliate company and local offices. Commercial television broadcasting begins. accounted for by the equity method) enter into a basic agreement 1955 Dentsu Advertising Ltd. becomes the new company name. to reinforce capital and form a business alliance. 1967 The Tsukiji Head Office Building is completed. 2008 Dentsu Inc. obtains treasury stock of approximately 60 billion. Dentsu 1974 Advertising Age ranks Dentsu No. 1 advertising agency worldwide in Holdings USA, Inc. acquires mcgarrybowen, LLC of the United terms of (calendar 1973) billings. States. Dentsu establishes Dentsu-Smart LLC. 1981 The company formerly known as JIMA Dentsu Advertising, Ltd. and 2009 With the conversion to electronic share certificates, Dentsu Inc. U.S. partner Young & Rubicam s ese affiliate establish Dentsu implements a stock split (1:100). cyber communications inc. is Young & Rubicam as a joint venture in Tokyo. converted to a wholly-owned subsidiary, and its shares are delisted. 1984 Dentsu and U.S.-based Young & Rubicam jointly establish DYR, an Dentsu Inc. announces the Dentsu Group s new Medium-term Manage- international service network. ment Plan. 1988 Advertising Age names Dentsu the 1987 International Agency of 2010 Dentsu Inc. establishes Dentsu Digital Holdings Inc. Dentsu forms a the Year. capital and business alliance with the Suntrend Group of China. 1989 Dentsu Inc. s net sales exceed 1 trillion in the fiscal year ended Dentsu Holdings USA, Inc. acquires Innovation Interactive LLC of March 31, 1989. the United States. Dentsu establishes Dentsu Network West. 1993 Yutaka Narita becomes the ninth President. 1995 Dentsu Inc. establishes five domestic regional subsidiaries. 1996 The China Advertising Education Exchange Project commences. Dentsu Actis (Tokyo) and three other Group companies merge to form Dentsu Tec Inc. cyber communications inc. is established. 1997 Dentsu Tec Inc. lists its shares on the over-the-counter market (now JASDAQ). 2000 Dentsu makes an equity investment in the Bcom3 Group. cyber communications inc. lists its shares on the NASDAQ market of the Osaka Securities Exchange (now Hercules). (In 2003, cyber communications inc. lists its shares on the MOTHERS section of the Tokyo Stock Exchange.) Information Services International-Dentsu, Ltd. lists its shares on the First Section of the Tokyo Stock Exchange. 2001 Dentsu lists its shares on the First Section of the Tokyo Stock Exchange (TSE: 4324). Dentsu commemorates its 100th anniversary. 102

Board of Directors, Corporate Auditors and Executive Officers (As of June 29, 2010) Representative Director Tatsuyoshi Takashima* Directors Ryuichi Mori* Tadashi Ishii* Yasushi Matsushita* Masuo Tachibana* Michio Niiyama* Kotaro Sugiyama* Shoichi Nakamoto* Tomoki Utsumi* Outside Directors Satoshi Ishikawa Masahiro Nakata Senior Corporate Auditors Kimiharu Matsuda Tomoharu Tsuruda Corporate Auditors Yasuchika Negoro Atsuko Toyama Osamu Abe Executive Officers Fumio Higuchi Takeshi Mori Hiroshi Nakahara Akira Sugimoto Soichi Akiyama Takehiko Miura Hirokazu Kizawa Kazumichi Iwagami Kunihiro Matsushima Tim Andree Kenji Shiratsuchi Akira Tonouchi Kaoru Shimura Naoki Tani Yuzuru Kato Ryuhei Akiyama Norihisa Awa Yoshio Takada Toru Hirano Shinjiro Tanaka Gentaro Komiya * Simultaneously serving as Executive Officer 103

Information for Shareholders (As of March 31, 2010) Corporate Headquarters 1-8-1, Higashi-shimbashi, Minato-ku, Tokyo 105-7001, Phone: +81-3-6216-5111 Breakdown of Shareholders by Type Shareholders Shares Held Percentage of Total Shares Issued Government and public bodies 1 30,800 0.01 Investor Relations Department, Corporate Communications Division 1-8-1, Higashi-shimbashi, Minato-ku, Tokyo 105-7001, Phone: +81-3-6216-8015 E-mail: irmail@dentsu.co.jp ese financial institutions 90 66,701,240 23.98 ese securities firms 30 6,473,070 2.33 Other ese corporations 647 83,632,763 30.06 Treasury stock 1 29,026,278 10.43 ese individuals and others 46,038 61,216,783 22.01 Foreign institutions and individuals 384 31,103,066 11.18 Stock Exchange Listing Total 47,191 278,184,000 0 Tokyo Stock Exchange, First Section Securities code: 4324 Total Shares Issued 278,184,000 Major Shareholders Shares Held Percentage of Total Shares Issued General Meeting of Shareholders The ordinary general meeting of shareholders is held in Tokyo in June each year. Transfer Agent The Mitsubishi UFJ Trust and Banking Corporation 1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8212, Internet Address http://www.dentsu.com Kyodo News 20,488,800 7.37 Jiji Press, Ltd. 19,748,680 7.10 The Master Trust Bank of, Ltd. (Trust accounts) 13,810,900 4.96 Mizuho Corporate Bank, Ltd. 11,328,880 4.07 Trustee Services Bank, Ltd. (Trust accounts 4G) 9,120,200 3.28 Group Employees Stockholding Association 8,365,678 3.01 Yoshida Hideo Memorial Foundation 4,984,808 1.79 Recruit Co., Ltd. 4,929,900 1.77 Tokyo Broadcasting System Television, Inc. 4,000,000 1.44 Nippon Life Insurance Company 3,873,700 1.39 * Dentsu Inc. owns 29,026,278 shares, 10.43% of the total number of shares issued, as treasury stock. 104