RNS Number:6186H
Takefuji Corporation
18 February 2003

I. Loan Business in January

   The results of loan business in January 2003 are as follows.
   While Japan is still suffering from adverse economic conditions, the signs of
which include unemployment rate still remaining high at 5.5% level and the total
annual number of personal bankruptcies passing 210,000 mark (214,634) last year,
Takefuji Corporation ("the Company") continues its prudent loan business
policies to emphasize "improvement of asset quality rather than increase of the
volume" under the strict credit control. Furthermore, we unitedly intend to
pursue our goals on the basis of the principle of Compliance in order to
intensify the Company's credos, "Customer First" and "Operational Efficiency"
furthermore.

                                                   January 2002   January 2003       Ratio/Number of change
Direct cash loans outstanding (*)                  1,764,066      1,723,114          -2.3%
Installment accounts receivable (**)               --             18                 --
Number of loan customer accounts                   2,981,382      2,897,712          -2.8%
Number of new loan customer accounts               36,015         23,549             -34.6%
Number of branch offices (***)                     1,796          1,922              7.0%
 Manned                                            530            529                (-1)
 Unmanned                                          1,265          1,392              (+127)
 Internet                                          1              1                  (0)
Number of unmanned loan                            1,796          1,922              (+126)
contract machines (Yen-musubi machines)
*    Unit: Millions of yen
**   Installment accounts receivable : credit card balance. Unit: millions of
yen.
*** Increase/decrease in branch offices is shown in terms of the number of
branch offices rather than the rate of increase/decrease.



II. Notification of Purchase of Treasury Stock

   Please be informed that the Company acquired treasury stock in conformity
with Article 210 of the Japanese Commercial Code for five consecutive months.
Details of Treasury Stock Buyback are as follows:
Purchase Period: January 29, 2003 - January 31, 2003
Number of shares purchased: 105,000 shares
Total purchased value: Yen 624,260,800
Method of purchase: Purchase on the Tokyo Stock Exchange
Reason of purchase: The Company acquired its treasury stock in consideration of
its agile capital strategy from the viewpoint of its capital efficiency.
(Reference)
 A program of buying back shares was approved in the 35th Annual
Stockholder's Meeting on June 27, 2002 as follows:
   Type of shares to be acquired: Common stock of Takefuji Corporation
   Maximum number of shares to be acquired: 13 million shares
   Maximum amount of acquisition: 150 billion yen
 Aggregate total of treasury stock purchased after the resolution at the 35th
Annual Stockholder's Meeting on June 27, 2002:
   Aggregate total number of shares purchased: 3,302,000shares
   Aggregate total purchased value: Yen 20,169,638,600



III. Takefuji as Vigorous Company

  * Takefuji introduced as one of Vigorous Companies
     2003 Second issue of "Monthly Keieijuku", which published as of January 15,
    2003, selected Takefuji as one of vigorous companies that maintain strong
    performance, despite economic downturns, together with other companies such
    as Toyota Motor, Dentsu and JR East (East Japan Railway Company). In this
    article, Chairman Yasuo Takei says, "There is nothing more interesting than
    business because I believe that our wisdom and idea in deliberate manner
    will lead to excellent results and performance." This comment exactly
    indicates the secret of our innate characteristics of high profitability.
     To give actual examples of such wisdom and devise, the article mentions the
    three points below:
     1. Efficient use of part-timers
     2. Largest number of branch offices with most efficient manner and lowest
        rent
     3. Lowest ratio of administrative expenses against operating revenues among
        the Japanese four largest consumer finance companies


     On the other hand, the following three items are also mentioned as the
    measures to secure the Company's lead in the consumer finance industry:
     1. Careful conservative policy against bad debt write-off
     2. Strategy to differentiate ourselves from other competitors in newly
        entered credit card business
     3. 3. Solid further financial strength on balance sheet
     Especially, we are targeting 1 trillion yen (or nearly 1 trillion yen at
    least) in shareholders equity by March 2004.

  * Company Ranking of University Juniors' Choice in 2003
     In reflecting such vigor, the Company jumped up to the 76th from the 86th
    in the previous year among Japanese leading companies and also ranked 9th
    Japanese financial institutions by Japanese university juniors' choice for
    employment according to the survey by Nihon Keizai Shinbun conducted between
    last November and January. We deem it a proof that our strengths such as
    business power, financial stability and our chairman's managerial
    effectiveness have penetrated into many university students and won their
    favor.


IV. Update on Credit Card Business

   The current status of Takefuji's Credit Card, "TAKE BIG SEVEN MasterCardR"
business, is as follows:

   Acquisition of Member Stores: Our target is to acquire 10,000 member stores
in the first year. As of the early part of February, our acquisition of member
stores is making satisfactory progress. On a regional basis, the Kanto area
still accounts for more than 43% followed by Kinki, Chubu/ Hokuriku, Hokkaido
and Tohoku areas. In terms of industry type, goods retail stores such as sundry
goods shops and flower shops comprise the highest ratio of 42%, followed by
laundries, clothing shops, restaurants and other service retailers. Especially,
laundries have performed well partially because the "Cleaning version" and the
"Homon version" of Take Big Seven Card have started issuing based on the
contracts with local cleaning chains as mentioned in the previous monthly IR.
   Issuance of the Card: As our initial goal, we are targeting at issuance of
one million cards (consist of 0.4 million for new customers and 0.6 million for
existing customers) in the first year, and also issuance of 4.5 million cards in
five years. Currently, new customers account for the greater part of our
cardholders. We believe that the uniqueness and convenience of our credit card
have greatly attracted new customers.



Topic
Takefuji Bamboo News

   Our company's female volleyball team Takefuji Bamboo has continued to enhance
its teamwork and fighting spirit match by match in the "9th V League" 2002/2003.
   Thanks to the passionate cheering by a large support group consisting of many
fans of Takefuji Bamboo and Takefuji employees for two days, Takefuji Bamboo won
a thrilling victory over the leading team NEC Red Rockets on Sunday though lost
a close game on the previous day at the matches held on February 15 (Sat) and 16
(Sun) at the "Komazawa Gymnasium" in Tokyo.
   At present, the regular round of the "9th V League" has entered the closing
stage, with 19 out of the 21 matches completed. So far, Takefuji Bamboo is doing
well, winning 11 matches and losing 8, and is full of fight being just one game
victory from the final round to be held on March 7, 8 and 9 at the First
Gymnasium of the Yoyogi National Stadium in Tokyo. Your warm cheers to Takefuji
Bamboo would be greatly appreciated.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCGLGDDUXBGGXI