TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan
April 11, 2006
| 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 |
Announcement of Revisions to Full-Year Financial Results Forecasts
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| Takefuji Corporation announces revisions to its full-year financial results forecasts for the year ended March 2006 (from April 1, 2005 to March 31, 2006), which were published with the announcement of its interim financial results on October 27, 2005. The revisions, made in light of recent developments in our business performance and the public announcement of Auditing Guidelines for Consumer Finance Companies by the Japanese Institute of Certified Public Accounts (JICPA), are as follows. |
| 1. Revisions to full-year financial results forecasts (April 1, 2005 to March 31, 2006) |
| (Consolidated) | (Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 350,000 | 126,600 | 67,200 |
| Current forecast (B) | 351,300 | 92,200 | 46,900 |
| Change (B - A) | 1,300 | 34,400 | 20,300 |
| Rate of change (%) | 0.4 | 27.2 | 30.2 |
(Reference) Financial results for the previous fiscal year ended March 31, 2005 | 360,121 | 119,256 | 68,726 |
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(Non-consolidated) |
(Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 348,600 | 123,600 | 59,100 |
| Current forecast (B) | 349,800 | 89,700 | 39,000 |
| Change (B - A) | 1,200 | 33,900 | 20,100 |
| Rate of change (%) | 0.3 | 27.4 | 34.0 |
(Reference) Financial results for the previous fiscal year ended March 31, 2005 | 356,825 | 117,773 | 66,711 |
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| 2. Main reasons for the revisions |
| (1) | Revisions to non-consolidated forecasts We have decided to revise downward our forecasts for ordinary income and net income for the fiscal year ended March 31, 2006. We consider it would be difficult to achieve the initial targets given the recent developments in our business performance and our expected posting of an "allowance for interest refund losses" totaling ¥22.5 billion under operating expenses for the year. This accounting treatment, to prepare for the risk of refunds for overpayments to be claimed in the future, is in accordance with the Auditing Guidelines for Consumer Finance Companies published by the JICPA on March 15, 2006.
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| (2) | Revisions to consolidated forecasts We have decided to revise our consolidated results forecasts together with the revisions to our non-consolidated results forecasts.
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| 3. Dividends |
| | We do not plan to change our year-end dividend.
Final business results may differ from the forecasts above due to various future factors, as these forecasts have been made based on the information available as of the date of this announcement. |
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