TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan
December 7, 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 |
Takefuji Strengthens its Compliance Framework
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Takefuji Corporation defines statutory compliance as the highest priority managerial issue and initiatives to ensure statutory compliance operate in all parts of the Company.
As one such initiative, Takefuji has conducted training for all employees and taken steps to increase the number of certified compliance officers to bolster the company's compliance framework. Details are as follows.
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1.Acquisition of qualifications as certified compliance officers
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Since FY 2004, Takefuji has been providing support to its employees in acquiring qualifications as certified compliance officers. The examination for this qualification is organized by KINZAI Institute for Financial Affairs, Inc. Takefuji now has a cumulative total of 1,693 certified compliance officers, of which 963 obtained their qualifications in the preceding fiscal year or earlier while 730 were certified within the current fiscal year.
Convinced that this qualification is significant in the sense of improving the knowledge of statutes that lenders need as well as raising awareness of the importance of statutory compliance, Takefuji will be continuing with this program in subsequent fiscal years.
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2.Training for all employees
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Takefuji has consistently placed a strong emphasis on employee education. On September 13-15, 2006, Training for Eradicating Complaints with a focus on the protection of personal information was held for 2,773 employees in branch offices nationwide and in the Loan Administration Dept at head office. This was followed by statutory compliance training for all 438 managers at branch offices, block offices and call centers on November 8, 2006. In addition, Takefuji will be providing training for all employees on December 19-21, 2006 with the aim of building up their statutory skills and promoting awareness of the importance of compliance.
In the future, Takefuji will hold training for all its personnel on a quarterly basis in an effort to raise awareness of the need to comply with laws and regulations.
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3.Development of a manual on negotiation records
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There are detailed regulations concerning records on negotiations with customers stipulated in Section 3-2-5, entitled Record of Negotiation History, of the Operational Guidelines in connection with the Moneylending Control Law.
To ensure regulatory compliance, Takefuji recently compiled a Manual on Negotiation Records and distributed its copies to all sales offices on November 22, 2006. It provides an in-depth guide to relevant laws and regulations as well as plain descriptions on specific steps for keeping negotiation records. In the future, Takefuji will be expanding and upgrading its internal rules and manuals for securing compliance with applicable laws and regulations.
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Understanding that incessant efforts on a daily basis are essential to the compliance framework, Takefuji is committed to increasing its staff's statutory compliance.
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by Takefuji co.
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