The first Japanese urban legend to movie adaptation release was last March 2007. The movie was internationally entitled as Carved: A Slit-Mouthed Woman which was also known as Kuchisake-onna in Japan where it was created. Here is a movie trailer of that movie:
This is a Cinema-Repose's Video Comentary Review on the classic Urban Legend turned Movie "Carved: Slit-Mouthed Woman":
A prequel movie entitled Carved 2 or Kuchisake-onna 2 was also released this year at around March of 2008. This prequel tells about how the slit-mouthed woman came to be.
Resources:
Carved 1
Carved 2
Carved: A Slit-Mouthed Woman
Directed by
Koji Shiraishi
Written by
Naoyuki Yokota
Koji Shiraishi
Starring
Eriko Sato - Kyoko Yamashita
Haruhiko Kato - Noboru Matsuzaki
Miki Mizuno - Taeko Matsuzaki
Chiharu Kawai - Mayumi Sasaki
Rie Kuwana - Mika Sasaki
Kazuyuki Matsuzawa -Hideo Tamura
Kaori Sakagami - Saori Tamura
Carved 2
Directed by
Kotaro Terauchi
Written by
Kotaro Terauchi
Carolco
Starring
Rin Asuka
Yukie Kawamura
Akihiro Mayama
Masashi Taniguchi
Kota Kusano
Miki Hayashi
Erina
Hideo Nakano
Yosuke Saito
Mayuko Iwasa