RNS Number:8657P
Takefuji Corporation
17 September 2003

For release              Immediately
Representative           Akira Kiyokawa, President
Contact                  Investor Relations
Tel: 81-3-3365-8011
Fax 81-3-3365-8070
Stock Listing Tokyo Stock Exchange, London Stock Exchange
Stock Code No. 8564 TYOSE

Tokyo, on Sep. 17, 2003
Comment on the decision by the public prosecutor's office in the labor
standards case

The Osaka District Public Prosecutor's Office decided yesterday on Sep.
16, 2003 to take no legal action in the case alleging an infringement of
the labour standards law by Takefuji Corporation over unpaid overtime,
originally filed with the prosecutor by the Osaka Labor Standards office
on July 29th.
Based on comments first received from the Osaka Labour Standards Office in
January 2003, Takefuji has already acknowledged that its internal practices in
relation to overtime remuneration were inadequate, and has been working
diligently to rectify the situation.
We have carried out a thorough companywide investigation of all the issues
involved, in line with the Osaka Labour Standards Office's guidance, and have
introduced comprehensive procedures which should ensure that there is no
reoccurence of this problem.
Specifically, we have set up a special committee on working practices to amend
our internal workplace rules and to carry out a thorough review of employee
time management procedures. We have also paid a total of Y3.5 bn in
compensation for past instances of unpaid overtime: all current employees have
already been compensated for any such overtime worked in the last two years,
and we have almost completed the process of contacting and compensating former
employees with similar claims.
We take the criticisms which we have received from the authorities in this
matter with the utmost seriousness, and are committed as a company to ensuring
that there is absolutely no cause in future for us once again to be found in
breach of any applicable law or regulation.


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