TOKYO, May 21, 2002 -CSK Corporation (TSE code: 9737) today announced that, pursuant to Article 210 of the Japanese Commercial Code, it proposes to implement a share repurchase plan. The plan seeks to assist CSK's efforts to strengthen its capital management.

At its meeting held on May 21, 2002, the Board of Directors recommended that the plan be submitted for shareholder approval at the 34th general shareholders' meeting to be held on June 27, 2002.

Repurchase plan objective
To increase effectiveness of CSK's capital management in response to recent changes in the operating environment.

One-year outline of share repurchase plan

1. Class of shares: CSK ordinary shares
2. Maximum share amount: 10 million (13.4% of total outstanding shares)
3. Maximum amount to be used for share repurchases: ¥55 billion
4. Period of share repurchase: June 27, 2002 (34th general shareholders' meeting) to June 2003 (35th general shareholders' meeting)

Note: Details of the above repurchase plan are subject to approval at the 34th general shareholders' meeting to be held on June 27, 2002.