RNS Number:3854R
Takefuji Corporation
28 October 2003


                                 (Translation)

Brief Statement of Financial Results at the Interim for the Fiscal Year Ending
March 31, 2004 (Consolidated)
                                                                October 28, 2003
Company Name: TAKEFUJI CORPORATION
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: Akira Kiyokawa, President
Administrative personnel to contact: Osamu Sasaki, Managing Director of Public
Relation Department Tel: +81-3-3365-8030
Meeting of Board of Directors for Approval of the Interim Results: October 28 
2003
Application of the U.S.A. GAAP: No.

1. Business Results at the Interim for the Fiscal Year Ending March 31, 2004
(From April 1, 2003 to September 30, 2003)
(1) Consolidated Operating Results Notes: Figures are rounded to the nearest
appropriate unit.

                   Operating Revenues    Operating Income      Ordinary Income
                    millions of Yen %     millions of Yen %     millions of Yen

Interim Period      199,570 (-9.0)       53,953 (-39.1)        68,160 (-33.5)
ended Sept.2003
Interim Period      219,244 ( 3.6)       88,559 (-21.9)       102,524 (-17.0)
ended Sept.2002
Fiscal Year         421,974 (-0.8)      161,074 (-24.5)       183,255 (-20.9)
ended Mar.2003
                     Net Income  Net Income Per Share  Net Income Per Share-diluted
                     millions of Yen  %  Yen                    Yen

Interim Period         35,379 (-33.5)    247.47               243.59
ended Sept.2003
Interim Period         53,203 (-19.6)    361.23                  -
ended Sept.2002
Fiscal Year            95,146 ( 47.5)    650.93
ended Mar.2003

Notes: a. Equity in net income or loss of the companies under equity method:
Interim Period ended Sept.2003    -            millions of yen
Interim Period ended Sept.2002    -            millions of yen
Fiscal Year ended Mar. 2003       -            millions of yen

b. Average number of shares outstanding during the period :
Interim Period ended Sep.2003           142,961,267 shares
Interim Period ended Sep.2002           147,282,157 shares
Fiscal Year ended Mar. 2003             146,069,919shares

c. Accounting change during the current interim period : None

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

(2) Consolidated Financial Position

           Total assets   Shareholders'   Shareholders        Shareholders'
                             Equity       Equity Ratio      Equity per share
           Millions of Yen  millions of Yen     %                  Yen

Interim Period  1,878,439    860,689          45.8               6,059.05
ended Sept.2003
Interim Period  1,999,278    825,232          41.3               5,606.04
ended Sept.2003
Fiscal Year     1,939,530    831,616          42.9               5,795.54
ended Mar.2003

Note: Number of shares outstanding as of the end of the period:
Interim Period ended Sept.2003   142,050,118 shares
Interim Period ended Sept.2002   147,204,155 shares
Fiscal Year ended Mar.2003       143,481,133 shares

(3) Consolidated Cash Flows

                Operating cash flows Investing cash flows Financing cash flows
                 millions of Yen      millions of Yen      millions of Yen

Interim Period        40,775             10,999              -68,018
ended Sept.2003
Interim Period       136,746              8,266             -122,442
ended Sept.2002
Fiscal Year          261,732              8,534             -224,959
ended Mar.2003

Cash and cash equivalents as of the end of the interim period (fiscal year)
millions of Yen

Interim Period ended Sept. 2003   106,311
Interim Period ended Sept. 2002    97,750
Fiscal Year ended Mar. 2003       121,586

(4) Scope of Consolidation and Application of Equity Method during the Current
Interim Period :
Consolidated subsidiaries:               10 companies
Non-Consolidated subsidiaries accounted for by the equity method during the
Current Period -
Affiliates accounted for by the equity method:   -

(5) Changes in Scope of Consolidation and Application of Equity Method :
Consolidated Subsidiaries (New): -,              Affiliates (New): -
Consolidated Subsidiaries (Excluded): -, Affiliates (Excluded): -

2. Forecasts of Consolidated Operating Results for the Fiscal Year ending March
31,2004 (From April 1, 2003 to March 31, 2004)

                        Operating Revenues     Ordinary Income   Net Income                    
Fiscal Year             millions of Yen        millions of Yen   millions of Yen
ending Mar.31
2004 (Full Year)        388,300               131,800            69,400

Reference data: Forecast net income per share (full year) : 486.42yen
              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 ending March 31,
2004 in regard to the Company's plans and strategies are based on the best
information currently available and managements's assumptions and beleifs with
regard to various factors with uncertainity which may have on impact on the
Company's future operating results. Actual results may differ from those in the
forward-looking statements as a result of various factors.


Brief Statement of Financial Results at the Interim for the Fiscal Year Ending
March 31, 2004 (Non-Consolidated)
                                                                October 28, 2003
Company Name: TAKEFUJI CORPORATION
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: Akira Kiyokawa, President
Administrative personnel to contact: Osamu Sasaki, Managing Director of Public
Relation Department Tel: +81-3-3365-8030
Meeting of Board of Directors for Approval of the Interim Results: October 28
2003
Interim-dividend System: Adopted
Payment of Interim Dividends : Starting from December 8, 2003
Unit of Trade for Stocks: One block of 10

1. Non-Consolidated Business Results at the Interim for the Fiscal Year Ending
March 31, 2004 (From April 1, 2003 to September 30, 2003)

(1) Non-Consolidated Operating Results Notes: Figures are rounded to the nearest
appropriate unit.
                     Operating Revenues Operating Income Ordinary Income
                       millions of Yen % millions of Yen % millions of Yen

Interim Period         197,852 (-9.2)    53,069 (-39.5)    67,169 (-34.5)
ended Sept.2003
Interim Period         217,872 ( 3.6)    87,738 (-22.1)   102,554 (-16.6)
ended Sept.2003
Fiscal Year            419,086 (-1.0)   160,004 (-24.6)   182,821 (-20.6)
ended Mar.2003
                       Net Income Net      Income Per Share
                       millions of Yen %   Yen
Interim Period          34,682 (-35.3)     242.59
ended Sept.2003
Interim Period          53,565 (-18.9)     363.69
ended Sept.2002
Fiscal Year             94,552 ( 45.3)     646.86
ended Mar.2003

Notes: a. Average number of shares outstanding during the period:
September 30, 2003     142,961,267 shares
September 30, 2002     147,282,157 shares
March 31, 2003         146,069,919 shares

b. Accounting change during the current interim period: None
c. The percentage figures for operating revenues, operating income, ordinary
income and net income represent year-on-year change or interim-on-interim
change.

(2) Dividends Interim Dividend Per Share Annual Dividend Per Share

                                Yen        Yen
Interim Period ended Sept.2003  50.00 
Interim Period ended Sept.2002  50.00 
Fiscal Year ended Mar. 2003       -       100.00

(3) Non-Consolidated Financial Position
             Total assets   Shareholders'   Shareholders        Shareholders'
                             Equity         Equity Ratio      Equity per share
           Millions of Yen  millions of Yen          %             Yen
Interim Period  1,914,443      865,843             45.2          6,095.33
ended Sept.2003
Interim Period  2,033,224      831,898             40.9          5,651.32
ended Sept.2002
Fiscal Year     1,975,741      837,480             42.4          5,836.42
ended Mar.2003

Note:a. Number of shares outstanding as of the end of the period:
Interim Period ended Sept. 2003    142,050,118 shares
Interim Period ended Sept. 2002    147,204,155 shares
Fiscal Year ended Mar. 2003        143,481,133 shares

b. Number of treasury stocks as of the end of the period:
September 30,2003 5,245,082 shares
September 30,2002    91,045 shares
March 31, 2003    3,814,067 shares

2. Forecasts of Non-Consolidated Operating Results for the Fiscal Year ending
March 31, 2004 (From April 1, 2003 to March 31, 2004)

                   Operating Revenues    Ordinary Income         Net Income
Fiscal Year        millions of Yen       millions of Yen      millions of Yen
Mar.31,2004        385,000              130,100               68,200
(Full year)

                   Year-end dividend Total Annual dividend
Fiscal Year ending      Yen                  Yen
March 31, 2004          50.00               100.00
(Full year)

Reference data: Forecast net income per share (full year) : 478.00yen

              Forecasts of Takefuji Corporation (the "Company")
The forecasts and figures in forward-looking statements contained in this Brief
Statement of Financial Results for the non-consolidated fiscal year ending March
31, 2004 in regard to the Company's plans and strategies are based on the best
information currently available and managements's assumptions and beleifs with
regard to various factors with uncertainity which may have on impact on the
Company's future operating results. Actual results may differ from those in the
forward-looking statements as a result of various factors.






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

END
IR LVLFLXBBBFBD