RNS Number:1422L
Takefuji Corporation
15 May 2003


For release Immediately

Representative Akira Kiyokawa, President

Contact Investor Relations

Tel 81333658011 Fax 81333658070

Stock Code No 8564 TYOSE


Legal proceedings against Shueisha Inc.

On May 15, 2003 Tokyo, Japan Takefuji Corporation has on May 14, 2003 initiated
legal proceedings in the Tokyo District Court against Shueisha Inc. as publisher
of the weekly magazine (Playboy), in connection with an article that appeared in
the May 27, 2003 edition of the stated magazine ( on sale from May 13, 2003).
The contents of this article are highly damaging to the good name and reputation
of Takefuji Corporation.

1.       Case Demand for a public retraction and apology by Shueisha Inc.

2.       Amount of claim Yen51,100,000 (Yen51.1million)

Damages Yen50,000,000

Cost of publishing a public retraction and apology Yen1,100,000

3.       Participants

Plaintiff Takefuji Corporation

Defendants Mr.Tamio Kojima, Reperesentative Director

Mr.Tomoji Tanaka, Chief Editor of Weekly Playboy

Mr.Yu Terasawa, Reporter


We also would like to annouce that if the magazine publishes any further
articles and defamation that threaten to the Company's good name and undermine
the public's trust in us, we determine to take solid measures and legal action
against the publication.






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

END
STRLELFFXEBBBBQ