Cautionary Statement Regarding Earnings Forecasts The earnings forecasts stated in these materials are calculated using estimations and assumptions made based on currently available information. It should be recognized that actual results could differ from the forecasts given.

April 23, 2008

To whom it may concern
Fidec Corporation
President & CEO Tsuyoshi Fukada
(Stock Code: 8423 TSE 1
st
section)
Contact: Director General Manager
Corporate Strategy Planning Department
Ryoko Oikawa
TEL +81-3-3580-3555

Revision of Earnings Forecast and Dividend Forecast
for fiscal year ended on March 31, 2008

Today, based upon recent business performance trend, Fidec Corporation management has revised its earnings
forecast and dividend forecast for fiscal year ended on March 31, 2008. Previous forecast was announced on May 9, 2007. Details are as follows:

1. Revision of business forecast for fiscal year ended on March 31, 2008 (April 1, 2007 to March 31, 2008)

(Unit: millions of yen, %)

Net Revenue
Operating Profit
Recurring Profit
Net Profit
Previous forecast （Ａ）
3,845
1,704
1,700
982
Revised forecast （Ｂ）
3,666
1,716
1,717
836
Change （Ｂ−Ａ）
△
179
11
16
△
146
%change （％）
△
4.7
0.7
0.9
△
14.9
(Reference) Results for previous term (FY ended on March 31, 2007)

2,971

1,204

1,166

680
2. Reasons for revision of business forecast
As the revenues from the factoring service, which is to purchase of the accounts receivables from the suppliers
of our business partners, is steadily on the rise. Recurring profit is expected to reach 1,717 million yen, which is 16 million yen or 0.9% more than the previously estimated number, thanks to effective control over interest costs as well as operational costs. Net profit for the period is expected to be 836 million yen, a revision of -14.9% from previous forecast, due to unrealized loss of investment securities, amounting to 300 million yen.
3. The dividend forecast for the fiscal year ended March 31, 2008
Fidec Corporation has revised its dividend forecast for the fiscal year ended on March 31, 2008 as follows.
Previous announcement was on May 9, 2007.

Cautionary Statement Regarding Earnings Forecasts The earnings forecasts stated in these materials are calculated using estimations and assumptions made based on currently available information. It should be recognized that actual results could differ from the forecasts given.
Interim dividend
Year end dividend
Full year dividend
Previous forecast
0 yen
350 yen
350 yen
Revised forecast
0 yen
450 yen
450 yen
（
Reference）
Results for previous term (FY ended on March 31, 2007)
0 yen
350 yen
350 yen
The management shall propose this dividend payout at the ninth annual general meeting of shareholders in June
2008.

(End of document)