RNS Number:9843I
Takefuji Corporation
20 March 2003

I.Loan Business in February

   The performance of the loan business for the month of February 2003 was as
follows.
   From the beginning of this fiscal year, Takefuji Corporation ("the Company)
has been following a consistent operating strategy focused on improving asset
quality through strict credit controls rather than on loan growth. Given the
increasing severity of the economic challenges facing Japan - including a
prolonged period of deflation and stubbornly high levels of unemployment - we
believe that we will need to continue with this cautious operating stance for
some time. Specifically, we have decided in response to the difficult market
environment to tighten our credit policy by revising the borrowing limits
extended to individual customers: for example, a customer who would previously
have received a credit limit of Y600,000 will now be offered up to Y500,000,
while a customer who would before have qualified for Y500,000 will now be
limited to Y400,000.
   The Company has always striven to make its services available as widely as
possible to the working men and women of Japan, in whose hands the country's
future lies. We have no intention of departing from this policy now or in the
future. Furthermore, we have concentrated on our core activity of offering
unsecured small-lot consumer loans, and deliberately avoided putting resources
into areas such as home equity loans, small business loans, M&A, or loan
guarantees under our guiding principle of "Customer First". We believe that this
focused approach will allow us to respond rapidly and effectively to any
improvement in the market environment.
   Since March 2003 is the last month of Takefuji's fiscal year, next month's
report will not carry details of the performance of our loan business. We will
instead be releasing this information at the end of April, simultaneously with
our announcement of results for the fiscal year as a whole. The figures will be
made available as part of the initial statement of financial results and also on
our web-site.
                                                  February 2002    February 2003       Ratio/Number of change
Direct cash loans outstanding (*)                 1,784,810        1,724,871           -3.4%
Installment accounts receivable (**)              --               31                  --
Number of loan customer accounts                  2,999,523        2,903,975           -3.2%
Number of new loan customer accounts              36,549           25,426              -30.4%
Number of branch offices (***)                    1,815            1,929               6.3%
 Manned                                           529              529                 (0)
 Unmanned                                         1,285            1,399               (+114)
 Internet                                         1                1                   (0)
Number of unmanned loan                           1,815            1,929               (+114)
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

   The Company announced the details of treasury stock acquired in conformity
with Article 210 of the Japanese Commercial Code. As a result, the Company
purchased its treasury stock for six consecutive months.
Purchase Period: February 3, 2003 - February 7, 2003
Number of shares purchased: 250,000 shares
Total purchased value: Yen 1,569,218,800
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: 3,552,000 shares
   Aggregate total purchased value: Yen 21,738,857,400



III. Takefuji Ranked 75th in "Excellent Company Ranking"

 Among successful Japanese corporations, which gained high scores in terms of
their significant "Profitability and Growth Prospect" as well as outstanding
"Development Skills", despite the continuing deflationary economic conditions in
Japan, Takefuji ranked the 75th overall and also the top Japanese financial
institution in financial sector in the "Excellent Company Ranking" based on the
"PRISM (Private Sector Multi Evaluation System)" jointly developed by the Nihon
Keizai Shinbun and the Nikkei Research. The Nihon Keizai Shinbun has given ranks
to Japanese companies using the PRISM to evaluate them from the viewpoint of
four evaluating factors such as a) Flexibility and Sociality, b) Profitability
and Growth Prospect, c) Development and Research and d) Youthfulness, and
announced this raking for last ten years. It is mentioned that the PRISM intends
to conduct multidimensional evaluation not only by quantitative criteria such as
usual financial data but also through qualitative one including corporate
sociality and so on.

 As previously released in our monthly IR, the Company jumped up to the 76th in
last year among Japanese leading companies and ranked the 9th Japanese financial
institutions by Japanese university juniors' choice for employment according to
the survey by the Nihon Keizai Shinbun . We deem the result of this PRISM
Ranking also a proof that our strengths such as profitability, business power,
youthfulness, past performance, promising future and our chairman's managerial
effectiveness have penetrated into the public and won their great favor.



IV.Compromise authorized by the Court made in with former employees claiming
extra-pay for overtime(Tokyo, February 20, 2003)

   Takefuji Corporation ('the Company") announced today that a compromise
settlement has been reached and the outcome registered by the Osaka District
Court in the case first filed on June 15th 2001 by two former employees - Mr.
Takeshi Onki and one other - alleging that the Company had failed to pay them
appropriately for overtime worked. The Company has agreed, on the Court's
advice, to pay the plaintiffs a sum in settlement of their claim including
compensation for overtime and a retirement allowance.
   Since its establishment in 1966, the Company has made every effort to achieve
its business objectives under the guiding principle of "Customer First", while
fully abiding by all applicable rules and regulations. The company has also
striven to provide its employees with a decent level of remuneration and
believes that salary scales are more generous than those at other leading
consumer finance firms, both in terms of entry-level pay, and of the average
wage paid per employee and per branch office manager.
   But while taking this into account, the Company frankly admits that it has
tended to pay insufficient attention to the specific issue of overtime; however,
it is now determined to take appropriate measures as soon as possible to
compensate for past instances of unpaid overtime work.
   The Company also intends to implement systematic and fundamental revisions to
its labor environment, which the Company believes will respond to these
deficiencies and bring it into full compliance with the Labor Standards Law.
   In taking these steps, the Company also rededicates itself to meeting the
highest expectations of its customers, shareholders and employees, and to making
itself an outstandingly attractive place to work.



V.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 March, our acquisition of member
stores is making satisfactory progress at a faster pace than we expected. On a
regional basis, the Kanto area still accounts for more than 40% followed by
Kinki, Chubu/ Hokuriku, Hokkaido and Tohoku areas. In terms of industry type,
goods retail stores such as sundry goods shops, flower shops, clothing shops and
rice retailers comprise a little more than 60%, followed by laundries,
restaurants and other service retailers.
   Contracts with Taxi Unions and Leading Taxi Companies: As part of our efforts
to acquire large member stores, Takefuji is currently making contracts with taxi
unions and leading taxi companies. With the introduction of credit card
settlement, the taxi business will grow out of the existing cash or taxi-ticket
settlements and enter the age of cash-less and deferred payment. In addition to
the merit of realizing low-cost introduction of such card settlement, our
service to provide each member store with a rent-free mobile terminal, which can
prevent unauthorized use of credit cards through the direct authorization
process utilizing this terminal, is highly evaluated. Furthermore, collaboration
with the taxi business is expected to bring forth new opportunities to further
acquire a new and different customer segment for our industry.



Topic

Takefuji Bamboo News
   We are pleased to announce that our company's female volleyball team Takefuji
Bamboo has successfully finished second in the "9th V League" 2002/2003
tournament, which closed on March 9, 2003.
   As regarding the individual results, our leading attacker Ms. Artamonova who
has overwhelming striking power won both "the Highest Score Award" and "the
Fighting Sprit Award", and was selected for one of "the Best Six Players in the
Season" with the largest number of sores of 611 in total 21 matches in the
regular season. Moreover, our setter Ms. Hitomi Imura also won "the Rookie of
the Year award".
   Thanks to the passionate cheering and warm support by all Bamboo fans and the
parsons concerned, Takefuji Bamboo was able to become the runner-up in the
second season since its establishment in the year before last. All players of
Takefuji Bamboo have already started their hard training to win the championship
flag of their heart's desire in next season. Your warm cheers to Takefuji Bamboo
would be greatly appreciated.

Announcement of 2003 US LPGA "Takefuji Classic"
   "The 4th US LPGA Takefuji Classic" will take place for three days from April
17 to 19, 2003 (local time) at Las Vegas Country Club, Nevada, in U.S.A. Until
last year, the Takefuji Classic was held in Hawaii as an opening game of the US
LPGA. However, from this year, it will be held in the US mainland as the 5th
game of the tournament.
   In addition to the defending champion, Ms. Annika Sorenstam, Ms. Lorie Kane
and Ms. Karrie Webb who also won the Takefuji Classic in 2001 and 2000
respectively will play in the game together with Japanese leading female players
Ms. Akiko Fukushima and Ms. Hiromi Kobayashi. We expect that the 4th Takefuji
Classic will become more exciting and close competition, and hope you can fully
enjoy a true golfing spirit by such world-class professional players to your
hearts' content.
   Tournament Details
Venue   :   Las Vegas Country Club (Nevada, U.S.A.)
Dates   :   April 15, 2003              Official Practice Day / Welcome Reception
            April 16, 2003              Pro-Am Tournament
            April 17, 2003              First Round
            April 18, 2003              Second Round
            April 19, 2003              Final Round   (local time)

   As a part of charitable contribution, Takefuji would like to assist Japanese
female golf players in their professional pursuit in the international arena,
who would give many Japanese courage, dreams and moving experiences. Through
sponsoring the golf tournament with participation of approximately 40 players
from all over the world, we hope to be of good service to world amity.


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