TOKYO, April 19, 2002 - CSK Corporation ("CSK"; TSE code: 9737) today announced that write-offs related to the transfer of control of CSK Electronics Corporation ("CSKE"; OTC code: 8073) and ASCII Corporation ("ASCII"; OTC code: 9473) will total ¥14,377 million. Of this amount, ¥8,513 million will apply to CSKE and ¥5,864 million will apply to ASCII.

Transfer of control of CSKE and ASCII had previously been concluded with Venus Fund Limited and Unison Capital Partners L.P., respectively.

Outline of CSK Electronics Corporation

Head office	18-1, Kanda Matsunaga-cho, Chiyoda-ku, Tokyo
Representative	Isao Koyama
Capital	¥19,331 million
Primary business	Operation of T-Zone PC retail chain

Outline of ASCII Corporation

Head office	4-33-10 Yoyogi, Shibuya-ku, Tokyo
Representative	Norikazu Suzuki
Capital	¥2,971 million
Primary business	Publication of PC-related magazines and books

 

Write-off amounts

CSKE	¥8,513 million
ASCII*	¥5,864 million
Total	¥14,377 million

* Includes ¥534 million for ASCII's first issue of convertible bonds, transferred free of charge on March 5, 2002.

Dates

Write-offs effective:	March 29, 2002
Write-offs finalized:	April 17, 2002

Impact of transfer on CSK's results

The projected impacts of the aforementioned write-offs on consolidated and non-consolidated forecasts for the year ending March 31, 2002 have been incorporated into the full-year forecasts previously announced on February 20, 2002.

CSK Corporation, established in 1968, is one of Japan's leading providers of information and communications technology. The CSK Group comprises a full spectrum of solutions, entertainment, and support companies, including SEGA Corporation, BellSystem24 Inc., NextCom K.K., CSK Network Systems Corporation, and ServiceWare Corporation.