 TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan
November 16, 2004
| For release | Immediately |
| Representative | Megumu Motohisa, President |
| Contact | Investor Relations |
| Tel: 81-3-3365-8011
Fax: 81-3-3365-8070 |
| Stock Code No. 8564 TYOSE |
Re: Change in one of principal shareholders
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The following change has occurred as of November 16, 2004 with regard to the holding of one of the principal shareholders (as defined under the Securities Exchange Law) of TAKEFUJI CORPORATION ("the Company").
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| 1. | Background to the change
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| | On November 16, 2004, the Company received a report from Marutake Sangyo LTD. ("Marutake Sangyo") regarding a transfer by way of trust of a portion of its shareholding in Takefuji. According to the report, the voting rights on the share in trust are to be exercised at the sole discretion of the trustee, and Marutake Sangyo will not retain any right to exercise, or to provide instructions on the exercise of voting rights on such shares. Moreover, in principle, the trust agreement may not be terminated unless all of the shares in trust have been disposed of.
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| 2. | Information on Marutake Sangyo
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| (1) | Company name: Marutake Sangyo LTD. |
| (2) | Location of the head office: 17-21 Shimura 3-chome, Itabashi-ku, Tokyo |
| (3) | Representative: Rikio Ohashi |
| (4) | Business: Investments in securities and properties and real estate leasing
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| 3. | Number of shares (and voting rights) held, and ratio of total voting rights |
| | No. of shares owned
(No. of voting right) | Percentage of total voting rights * | Rank on the shareholder's list |
Prior to the change
(Before Nov. 15, 04) | 24,189,430 shs
(2,418,943) | 17.19% | 1st |
| After the change | 12,929,430 shs
(1,292,943) | 9.19% | 2nd |
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| * | Number of shares which do not give rise to voting rights and is deducted from the total shares outstanding of Takefuji 6,592,870 shs |
Number of shares outstanding as of September 30, 2004 147,295,200 |
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| 4. | Future prospects
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| | Marutake Sangyo has also advised us that it plans to entrust the remaining 5,630,000 shares (representing 563,000 voting rights, or 4.00% of total) to another trust under the same type of arrangements shortly. |
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by Takefuji co.
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