TAKEFUJI CORPORATION   15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan April 27, 2005 For release    Immediately Representative Hikaru kondo, President Contact Investor Relations Tel: 81-3-3365-8011 Fax: 81-3-3365-8070 Stock Code No. 8564 TYOSE Takefuji to Apply Accounting Standards for Impairment of Long Term Fixed Assets.   Takefuji Corporation ("the Company") announces that it will apply the accounting standards for the impairment of long term fixed assets starting the term ending March 2006. The likely impact on its financial results is as follows. 1. Forecast Amount of Asset Impairment Losses as an Extraordinary Loss     The Company is engaged in consumer finance and real estate businesses, and a consolidated subsidiary runs a golf course. The estimated asset impairment losses of the long term fixed assets held for these businesses are as shown below:   (Unit: million yen) Type of asset Number of properties Non-consolidated Consolidated Real estate busines Golf course Idle assets Appraisal loss of subsidiaries' stocks 9 1 9 - 18,008 - 715 34,334 18,008 28,776 715 - Total - 53,058 47,500 2. Forecast Business Results Including Asset Impairment Losses For the March 2006 Term   (Unit: million yen) - Operating revenue Ordinary profit Net profit Non-consolidated (full year) 347,700 122,700 54,400 Consolidated (full year) 349,800 123,500 57,600 Back by Takefuji co.