Tokyo, June 12, 2007 - CSK Holdings Corporation ("CSK") announced today that the CSK Board of Directors had decided at its meeting today to file an administrative appeal against the decision by the tax authorities on CSK's tax correction objection.

1. Appeal of decision by tax authorities on our tax correction objection

As previously explained, CSK and its consolidated subsidiaries ("CSK Group") filed an objection with the Tokyo Regional Taxation Bureau on August 9, 2005 with respect of a tax correction notice ordering us to pay additional corporate income tax for the fiscal year ended March 31, 2004. On June 6 this year the Tokyo Regional Taxation Bureau made its decision on this objection. Although part of our objection was upheld, the main part about valuation of the stock of subsidiaries was rejected, and as a result we have decided to appeal this decision.

2. Consolidated forecast revisions (for the period from April 1, 2007 to March 31, 2008)

Since, as explained above, the decision upheld part of our objection to the tax correction, additional payment of tax corresponding to the upheld part will no longer have to be paid, and as a result we have revised the consolidated interim and full-year forecasts for the fiscal year ending March 31, 2008 (period from April 1, 2007 to March 31, 2008) announced on May 9, 2007. The revised forecasts are as follows.