Revised Earnings Forecast for the Fiscal Year
Ending March 31, 2008

Promise has made the following revisions to its fiscal year ending March 31, 2008(April 1, 2007- March 31, 2008) earnings forecast released on May 1, 2007along with the announcement of the Company’s financial results.

1. Revised Earnings Forecast for the fiscal year ending March 31, 2008
    (April 1, 2007- March 31, 2008)

 (Millions of yen)

(Millions of yen)

2.Principal Reasons for Revision

1) Reason for revision of consolidated earnings forecast

Due to a tender offer conducted by Promise subsidiary Asahi Enterprise Co., Ltd. from August 13 to September 13, 2007 to purchase the shares of SANYO SHINPAN FINANCE CO., LTD. (SANYO SHINPAN), SANYO SHINPAN and its group companies have been included in the scope of consolidation. The operations of the SANYO SHINPAN Group will be included in the consolidated income statement beginning on October 1, 2007. Due to this inclusion, Promise Group has increased its operating income forecast by 57.0 billion yen and operating profit forecast by 8.4 billion yen compared with the forecasts announced on May 1, 2007.
     The net income forecast has been increased by only 3.2 billion yen. One reason is a first half extraordinary loss of 3.6 billion yen on the sale of credit in conjunction with the reorganization of consumer finance companies (QUOQLOAN INC. and Sun Life Co., Ltd.). In addition, Promise Group expects to record an extraordinary loss of about 4.2 billion yen for expenses for branch closings and other restructuring measures following the management integration with SANYO SHINPAN.

2) Reason for revision of non-consolidated earnings forecast

Promise has raised the operating profit forecast by 2.0 billion yen and the recurring profit forecast by 4.5 billion yen because of an expected decline of 9.0 billion yen in fiscal year operating expenses. In the initial forecast for the fiscal year, Promise used conservative estimates for expenses for loan losses and for debt guarantee associated with guarantee alliances. However, the current outlook is for declines of 6.3 billion yen in expenses for loan losses and 1.9 billion yen in expenses for debt guarantee.
     The net income forecast has been reduced by 2.8 billion yen. The main reasons are a first half extraordinary loss of 6.7 billion yen for a write down of subsidiary QUOQLOAN’s stock for asset impairment and a projected extraordinary loss of about 3.8 billion yen for expenses for branch closings and other restructuring measures.

3) Dividend forecast

There is no change at this time to the dividend forecast due to the revisions to the fiscal year forecasts.

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.