Revised Earnings Forecast for the Fiscal Year Ended March 31, 2007

Promise has made the following revisions to its fiscal 2007 (April 1, 2006 – March 31, 2007) earnings forecast released on November 6, 2006 along with the announcement of the Company's interim financial results.

1. Revised Earnings Forecast for FY2007 (April 1, 2006 – March 31, 2007)

(Millions of yen)

(Millions of yen)

2. Principal Reasons for Revision

1) Reason for revision of non-consolidated earnings forecast

Due to the growth in claims for interest repayments, Promise has reviewed its interest repayments-related allowances (allowance for losses on Interest repayments + the portion of estimated interest repayments applicable to the loan principal) based on recent interest repayment figures. This review process resulted in an allowance of 199.2 billion yen for losses on interest repayments in addition to the figure announced at the end of the interim period. This raises projected provisions associated with interest repayments to 390.8 billion yen (including a 157.4 billion yen provision for the allowance for credit losses) in the fiscal year ended March 31, 2007. Since Promise expects expenses for loan losses and interest repayments to exceed its original plan, the decision was made to reduce the non-consolidated earnings forecast.

In the interim period of the fiscal year, Promise posted an extraordinary loss for an adjustment for change in estimate of the reserve for loan losses associated with interest repayments and allowance for the losses on interest repayments in accordance with a guideline of The Japanese Institute of Certified Public Accountants. However, subsequent additions to the allowances will be included in operating expenses.

2) Reason for revision of consolidated earnings forecast

Consolidated revisions also reflect revisions to interest repayments-related allowances. On a consolidated basis, Promise made an allowance of 204.3 billion yen for losses on interest repayments in addition to the figure announced at the end of the interim period. This raises projected provisions associated with interest repayments to 418.7 billion yen (including 167.7 billion yen provision for the allowance for credit losses) in the fiscal year ended March 31, 2007. Since Promise expects expenses for loan losses and interest repayments to exceed its original plan, the decision was made to reduce the consolidated earnings forecasts.

3) Dividend forecast

We have no plans to change our fiscal year-end dividend.

The above revision of the earnings performance forecast is a forward-looking statement made based on the information available at the time of the announcement of this revision. Actual earning performance could differ due to a variety of factors.