RNS Number:5306L
Takefuji Corporation
26 May 2003


For release Immediately

Representative Akira Kiyokawa, President

Contact Investor Relations

Tel 81333658011 Fax 81333658070

Stock Code No 8564 TYOSE

May 23rd 2003:

Former employee, Kazuhiro Nakagawa arrested; criminal charges now being
considered

On May 21st 2003, four individuals, including Kazuhiro Nakagawa, a former
employee of Takefuji Corporation, were arrested on suspicion of attempting to
extort money from Takefuji through the publication of confidential company
documents.

We can only conclude that the actions of the suspect Nakagawa and his associates
represented a significant case of attempted corporate extortion. He obtained
illicit access to confidential company information, stealing a number of
internal documents with the explicit intention of blackmailing the company for
financial gain. The documents were then unscrupulously exploited by a number of
other individuals, who managed to interest several magazines in the material.

As a company we have always made it our policy resolutely to oppose all criminal
activity of this kind. On this occasion the investigating authorities took
prompt action and were able to obtain significant information relating to the
case. Takefuji Corporation wishes here to reiterate its gratitude to the
authorities and to express its sincere desire to see the whole matter fully
cleared up. Takefuji for its own part is in discussions with the lawyer who is
due to file criminal charges in the case in order to clarify details of
Nakagawa's personal criminal activity and to obtain effective legal remedy.







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

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