SOURCE: Takefuji Corporation

April 27, 2005 08:08 ET

Takefuji Corporation announces Final Results

Tokyo -- (MARKET WIRE) -- April 27, 2005 --

(Translation)

Brief Statement of Financial Results for the Fiscal Year Ended March 31, 2005 (Consolidated)

April 27, 2005

Company Name: TAKEFUJI CORPORATION (the Company)

Stock Listings: Tokyo Stock Exchange, First Section / London Stock Exchange

Code Number: 8564

URL: http://www.takefuji.co.jp

Head Office: 15-1 Nishi-Shinjuku 8-chome, Shinjuku-ku, Tokyo 163-8654, Japan

Representative Personnel: Hikaru Kondo, President

Administrative Personnel to Contact: Tatsumi Matsunaga, Executive Officer of Public Relation Department Tel: +81-3-3365-8030

Meeting of Board of Directors for Approval of the Fiscal Year Results: April 27, 2005

Application of the U.S.A. GAAP: No

1.  Consolidated Business Results for the Fiscal Year ended March 
    31, 2005 (From April 1, 2004 to March 31, 2005)

(1) Consolidated Operating Results Notes: Figures are rounded (as to 
    statistics per share at three places of decimal) to the nearest 
    appropriate unit.

                       Operating   Operating    Ordinary  
                       Revenues      Income      Income   
                      millions of millions of millions of 
                         yen %       yen %       yen %    

Fiscal Year ended       360,121     116,437     119,256   
March 2005              (-6.3)       (-5.5)     (-14.0)   
Fiscal Year ended       384,506     123,226     138,601   
March 2004              (-8.9)      (-23.5)     (-24.4)   


                  Net Income  Net Income   Net Income per  
                  millions of per Share    Share-Diluted   
                     yen %       yen            yen        

Fiscal Year ended   68,726      487.94         474.49      
March 2005          (-8.1)                                 

Fiscal Year ended   74,745      525.51         514.40      
March 2004          (-21.4)                                


                  Return on    Ratio of        Ratio of    
                    Equity  Ordinary Income Ordinary Income
                            to Total Assets to Operating  
                                              Revenues    
                      %            %              %       

Fiscal Year ended    7.4          6.3           33.1      
March 2005                                                

Fiscal Year ended    8.7          7.2           36.0      
March 2004                                                


Notes: a. Equity in net income or loss of the companies under 
          equity method:
             Fiscal Year ended March 2005 - millions of yen
             Fiscal Year ended March 2004 - millions of yen

       b. Average number of shares outstanding during the fiscal 
          year:
             Fiscal Year ended March 2005   140,722,997 shares
             Fiscal Year ended March 2004   142,149,038 shares

       c. Accounting change during the current fiscal year: None

       d. The percentage figures for operating revenues, operating 
          income, ordinary income and net income represent 
          year-on-year changes.


(2) Consolidated Financial Position

         Total  Shareholders'Equity Shareholders' Shareholders'
        Assets    millions of yen   Equity Ratio   Equity per  
       millions                           %           Share    
        of yen                                        yen     

Fiscal 1,903,991      960,719           50.5        6,827.41   
Year                                                        
ended                                                       
March                                                       
2005                                                        

Fiscal 1,899,140      893,084           47.0        6,341.88   
Year                                                        
ended                                                       
March                                                       
2004                                                        


Note: Number of shares outstanding as of the end of the fiscal year:
             Fiscal Year ended March 2005 140,706,055 shares
             Fiscal Year ended March 2004 140,816,099 shares


(3) Consolidated Cash Flows

                     Operating    Investing    Financing  
                    Cash Flows   Cash Flows   Cash Flows  
                    millions of  millions of  millions of 
                        yen          yen          yen     

Fiscal Year ended     103,083      41,039      -102,440   
March 2005                                                

Fiscal Year ended     122,518        524       -132,378   
March 2004                                                


                                Cash and Cash Equivalents    
                            as of the end of the fiscal year 
                                     millions of yen         

Fiscal Year ended March 2005             155,436             
Fiscal Year ended March 2004             113,892             



(4) Scope of Consolidation and Application of Equity Method

Consolidated subsidiaries:                             10 companies

Non-Consolidated subsidiaries accounted for by the equity method: 0

Affiliates accounted for by the equity method:                    0



(5) Changes in Scope of Consolidation and Application of Equity Method

Consolidated Subsidiaries New:       0,           Affiliates New: 0
Consolidated Subsidiaries Excluded:  0,      Affiliates Excluded: 0




2. Forecasts of Consolidated Operating Results for the Fiscal Year 
ending March 2006 (From April 1, 2005 to March 31, 2006)

Fiscal Year ending March  Operating    Ordinary   Net Income 
31, 2006                  Revenues      Income    millions of
                         millions of  millions of     yen    
                             yen          yen               

Interim                    175,200      58,300      19,200   
Full Year                  349,800      123,500     57,600   

Reference data: Forecast net income per share (full year) :408.93 yen

Forecasts of Takefuji Corporation (the Company)

The forecasts and figures in forward-looking statements contained in this Brief Statement of Financial Results for the consolidated fiscal year ended March 31, 2005 in regard to the Company's plans and strategies are based on management's assumptions and beliefs in light of the information currently available and involve risks and uncertainties. Actual results may differ from those in the forward-looking statements as a result of various factors.

                          (Translation)

Brief Statement of Financial Results for the Fiscal Year Ended March 31, 2005 (Non-Consolidated) April 27, 2005

Company Name: TAKEFUJI CORPORATION (the Company)

Stock Listings: Tokyo Stock Exchange, First Section / London Stock Exchange

Code Number: 8564

URL: http://www.takefuji.co.jp

Head Office: 15-1 Nishi-Shinjuku 8-chome, Shinjuku-ku, Tokyo 163-8654, Japan Representative Personnel: Hikaru Kondo, President

Administrative personnel to Contact: Tatsumi Matsunaga, Executive Officer of Public Relation Department Tel: +81-3-3365-8030

Meeting of Board of Directors for Approval of the Fiscal Year Results: April 27, 2005

Interim-dividend System: Adopted

Payment of Year-End Dividends: Starting from June 30, 2005

Date of the Ordinary General Meeting of the Shareholders: June 29, 2005

Unit of Trade for Stocks: One block of 10

1.  Non-Consolidated Business Results for the Fiscal Year ended March 
    31, 2005 (From April 1, 2004 to March 31, 2005)

(1) Non-Consolidated Operating Results Note: Figures are rounded (as to
    statistics per share at three places of decimal)to the nearest 
    appropriate unit.

                       Operating   Operating    Ordinary  
                       Revenues      Income      Income   
                      millions of millions of millions of 
                         yen %       yen %       yen %    

Fiscal Year ended       356,825     114,706     117,773   
March 2005              (-6.4)       (-5.6)     (-14.4)   

Fiscal Year ended       381,091     121,518     137,565   
March 2004              (-9.1)      (-24.1)     (-24.8)   


                    Net Income    Net Income  Net Income per  
                    millions of   per Share   share-diluted   
                       yen %         yen           yen        

Fiscal Year ended     66,711        473.63       460.57      
March 2005            (-10.3)                                

Fiscal Year ended     74,356        522.77       511.72      
March 2004            (-21.4)                                


                  Return on    Ratio of        Ratio of     
                    Equity  Ordinary Income Ordinary Income
                      %     to Total Assets  to Operating  
                                   %           Revenues    
                                                   %       
Fiscal Year ended    7.2          6.1            33.0      
March 2005                                                

Fiscal Year ended    8.6          7.0            36.1      
March 2004                                                 


Notes: a. Average number of shares outstanding during the fiscal year:
          March 31, 2005 140,722,997 shares
          March 31, 2004 142,149,038 shares

       b. Accounting change during the current fiscal year: None

       c. The percentage figures for operating revenues, operating 
          income, ordinary income and net income represent year-on-year 
          changes.


(2) Dividends

                            Annual Cash Dividends per Share
                                yen  Interim    Year-end   
                                       yen        yen      

Fiscal year ended March 2005  100.00  50.00      50.00     
Fiscal year ended March 2004  100.00  50.00      50.00     


                 Total Amount Dividends   Ratio of Total   
                   of Annual   Pay-Out Amount of Dividends 
                     Cash       Ratio    to Shareholder's  
                   Dividends      %           Equity       
                  millions of                   %          
                      yen                                  

Fiscal year ended   14,071      21.1           1.5         
March 2005                                                 

Fiscal year ended   14,143      19.1           1.6         
March 2004                                                 


(3) Non-Consolidated Financial Position

             Total  Shareholders' Shareholders' Shareholders'
            Assets     Equity        Equity      Equity per  
           millions  millions of      Ratio         Share    
            of yen       yen            %            yen     

Fiscal     1,913,832   964,956        50.4        6,857.52   
Year ended                                                
March 2005                                                

Fiscal     1,932,033   898,762        46.5        6,382.20   
Year ended                                                
March 2004                                                


Notes: a. Number of shares outstanding as of the end of the fiscal year:
          March 31, 2005 140,706,055 shares
          March 31, 2004 140,816,099 shares

       b. Number of shares held by the Company at the end of the fiscal 
          year:
          March 31, 2005 6,589,145 shares
          March 31, 2004 6,479,101 shares



2.  Non-Consolidated Forecast for the Fiscal Year ending March 2006
    (from April 1, 2005 to March 31, 2006)


Fiscal Year ending March  Operating    Ordinary   Net Income 
31, 2006                  Revenues      Income    millions of
                         millions of  millions of     yen    
                             yen          yen               

Interim                    173,800      57,800      16,000   
Full Year                  347,700      122,700     54,400   
 

Reference Data: Forecast net income per share (full year) : 386.18 yen (Note) Interim and Year-end dividends will be decided based on the operational results and other factors.

Forecasts of Takefuji Corporation (the Company)

The forecasts or figures in forward-looking statements contained in this Brief Statement of Financial Results for the fiscal year ended March 31, 2005 in regard to the Company's plans and strategies are based on management's assumptions and beliefs in light of information currently available and involve risks and uncertainties. Actual results may differ from those in the forward-looking statements as a result of various factors.

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