Financial Information: Annual Report 2002

At March 31, 2002 and 2001, accrued expenses and other current liabilities consisted of the following:

Millions of yen			Thousands of U.S. dollars
As of March 31	2002	2001	2002
Accrued bonuses	¥6,628	¥9,525	$49,835
Dividends payable	1,376	1,684	10,346
Other	25,195	35,073	189,436
	¥33,200	¥46,282	$249,624

At March 31, 2002 and 2001, long-term debt consisted of the following:

Millions of yen			Thousands of U.S. dollars
As of March 31	2002	2001	2002
Secured loans from banks, insurance companies and others, due through 2014  At interest rates ranging from 1.075 percent to 6.15 percent	¥6,391	¥7,304	$48,053
Unsecured loans from banks, insurance companies and others, due through  2009  At interest rates ranging from 0.88 percent to 4.93 percent	55,859	22,938	419,992
Unsecured yen convertible bonds:  At an interest rate of 1.6 percent, due through 2005	16,989	17,262	127,737
Unsecured yen bonds:   At interest rates ranging from 1.68 percent to 3.6 percent, due through 2010	100,000	100,000	751,880
	179,239	147,504	1,347,662
Less current portion	(25,332)	(7,230)	(190,466)
	¥153,906	¥140,274	$1,157,188

Convertible bonds, unless previously redeemed, are convertible into shares of common stock of the Company at the following conversion prices:

Convertible bonds	Conversion price per share	Conversion period
1.6 percent (Series 21) in yen, due 2005	¥1,370.00	December 1, 1989 - March 30, 2005

Under the terms of the trust deeds, each conversion price is subject to adjustment in certain cases which include stock splits. Sufficient shares of common stock are reserved for the conversion of all outstanding convertible bonds.

The aggregate annual maturities of long-term debt subsequent to March 31, 2002 are summarized as follows:

For the years ending March 31,	Millions of yen	Thousands of U.S. dollars
2003	¥25,332	$190,466
2004	21,700	163,158
2005	40,046	301,098
2006 and thereafter	92,159	692,925
	¥179,239	$1,347,662

The assets pledged as collateral for short-term debt, notes and accounts payable and long-term debt at March 31, 2002 were as follows:

As of March 31, 2002	Millions of yen	Thousands of U.S. dollars
Investment securities	¥108	$812
Property, plant and equipment, at net book value	10,828	81,414
	¥10,937	$82,233

The Company and its domestic subsidiaries have defined benefit plans, i.e., tax-qualified pension plans and lump-sum payment plans, covering substantially all employees who are entitled to lump-sum or annuity payments, the amounts of which are determined by reference to their basic rates of pay, length of service, and the conditions under which termination occurs. Certain foreign subsidiaries also have defined benefit pension plans.

The following tables set forth the funded and accrued status of the plans, and the amounts recognized in the consolidated balance sheets as of March 31, 2002 and 2001 for the Company's and the subsidiaries' defined benefit plans:

Millions of yen			Thousands of U.S. dollars
As of March 31	2002	2001	2002
Retirement benefit obligation	¥(119,300)	¥(113,272)	$(896,992)
Plan assets at fair value	93,587	93,578	703,662
Unfunded retirement benefit obligation	(25,713)	(19,694)	(193,331)
Unrecognized actuarial gain or loss	11,472	3,653	86,256
Unrecognized prior service cost	1,099	1,054	8,263
Accrued retirement benefits	¥(13,141)	¥(14,986)	$(98,805)

The components of retirement benefit expenses for the year ended March 31, 2002 and 2001 are outlined as follows:

Millions of yen			Thousands of U.S. dollars
As of March 31	2002	2001	2002
Service cost	¥5,061	¥4,658	$38,053
Interest cost	2,710	2,541	20,376
Expected return on plan assets	(2,176)	(1,714)	(16,361)
Amortization of net retirement benefit obligation at transition	-	17,907	-
Amortization of actuarial gain or loss	470	(3)	3,534
Amortization of prior service cost	223	137	1,677
Total	¥6,289	¥23,526	$47,286

The assumptions used in accounting for the above plans were as follows:

As of March 31	2002	2001
Discount rate	Mainly 3.0%	Mainly 3.0%
Expected return on plan assets	Mainly 3.0%	Mainly 3.0%