Statement re Chairman

RNS Number:7326S
Takefuji Corporation
02 December 2003

For release              Immediately
Representative           Akira Kiyokawa, President
Contact                  Investor Relations
Tel: [phone] Fax [phone]
Stock Listing Tokyo Stock Exchange, London Stock Exchange
Stock Code No. 8564 TYOSE

Comment on today's arrest

Tokyo, on Dec.2, 2003 - Today Mr. Yasuo Takei, Chairman and Representative
Director of Takefuji Corporation, has been taken into custody on suspicion of
having infringed the Telecommunications Business Law with regard to intercepting
telephone calls.

This development has come as a complete surprise to us. We at Takefuji are
united in wanting to see the full truth of this matter made clear as soon as
possible

It goes without saying that Takefuji Corporation will make every endeavour to
cooperate with the ongoing investigation. We would like to offer our profound
apologies and regrets for all the concern that these events may have caused 
to our shareholders, investors and customers.







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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