TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 JapanMarch 14, 2002
| For release | Immediately | |
| Contact | Media - Osamu Sasaki, | |
| Managing Director and General Manager of Public Relations | ||
| Tel: 81-3-33658030 | ||
| Financial Analysts | - Shizuo Mizukami, Manager of Investor Relations | |
| - Kunio Takayama, Manager of Accounting Dept. | ||
| Tel: 81-3-33658011 | ||
London Stock Exchange AVS No. 338942
Takefuji gains the Case against Best Book K.K. in the Tokyo district Court.
On March 14, 2002, Tokyo : Takefuji Corporation released the news of winning the case against Best Book K.K. in the Tokyo District Court. The case was originally filed against Best Book K.K. in December 2000 in respect to a series of wild and slanderous rumors about Takefuji Corporation prevailed since November 2000. We have demanded 100 million yen and a public apology from Best Book K.K. in compensation for defamation of character and damage to our credit. We are very pleased to inform that the Tokyo District Court decided on March 13,2002 in favor of the plaintiff, Takefuji, and delivered the judgement on the defendant, Best Book K.K. to compensate one million yen.
I. The Judgement
The Tokyo District Court ordered Best Book K.K. one million yen of damages because it recognized that the monthly magazine of "Verdad" published by Best Book K.K. contained an article of false expression and also brought disgrace on our credit and honor.
II. Circumstances of the case
The article of " Cause and effect of Takefuji exposed to the groundless rumors" carried in the December 2000 edition of "Verdad". We took the action of filing against Best Book K.K. on December 11, 2000, to claim 100 million yen and a public apology for having been disgraced on our credit and honor.
III. Our Comment
We consider it very significant that our assertion is accepted again and gain the case as well as the winning case of Dow Report on Oct. 17,2001 against defamation of character and damage to our credit. When we look back over the fact, however, that many of our shareholders suffered from the loss caused by this false article, we determine again to take solid measures against this kind of irresponsible false article in order to protect our shareholders' interest like ever since and from now on.
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by Takefuji co.