Dentsu Announces Changes to the Forecast of Financial Results for the Fiscal Year Ending March 31, 2015

Dentsu Inc. (TOKYO:4324)(ISIN:JP3551520004)(President & CEO: Tadashi Ishii; Head Office: Tokyo; Capital: 74,609.81 million yen) hereby announces changes to the forecast of financial results for the fiscal year ending March 31, 2015 announced on November 12, 2014, as follows.

*Operating income before amortization of goodwill and other intangible assets comprises the operating income figure to which has been added the amortization of goodwill and other intangible assets incurred through acquisitions.

*IFRS Underlying operating profit:
New KPI to measure recurring business performance which is calculated as IFRS operating profit excluding amortization of M&A related intangible assets, impairment loss, gain/loss on sales of non-current assets, acquisition costs and other one-off items

2.  Reason
Although Dentsu’s overseas business is steady, its domestic business, when looked at on a non-consolidated basis in particular, is expected to fall below the original forecast. In addition, a gain of approximately 24.1 billion yen on a consolidated basis and 19.8 billion yen on a non-consolidated basis (Japanese GAAP) on sales of non-current assets was recorded in the third quarter of the fiscal year ending March 2015. These circumstances were among the factors that led to the above changes to the forecast of financial results. On an IFRS basis, a gain of approximately 29.4 billion yen on sales of non-current assets was realized.

Note
The forecasts of net sales and income provided in this document have been calculated based on judgments and assumptions made using currently available information such as industry trends and client circumstances. Therefore, actual sales and income may differ from the forecasts due to uncertain elements inherent in the forecasts as well as other factors including changes in the domestic or overseas economic conditions of business operations going forward.