Financial Information: Annual Report 2002

The computation of basic net (loss) income per share is based on the weighted average number of shares of common stock outstanding during each year. If applicable, diluted net income per share is computed based on the weighted average number of shares of common stock outstanding each year after giving effect to the dilutive potential of the shares of common stock to be issued upon the conversion of convertible bonds.

Amounts per share of net assets are computed based on the number of shares of common stock outstanding at each balance sheet date.

Cash dividends per share represent the cash dividends proposed by the Board of Directors as applicable to the respective years together with the interim cash dividends paid.

yen			U.S. dollars
For the years ended March 31	2002	2001	2002
Net (loss) income:
Basic	¥(31.79)	¥20.35	$(0.239)
Diluted	-	20.19	-
Net assets	378.03	405.12	2.842
Cash dividends applicable to the year	¥5.00	¥6.00	$0.038

No diluted net income per share is presented for the year ended March 31, 2002 because the effect of any conversion would have been antidilutive.

(a) Summary of assets and liabilities of subsidiaries included in consolidation upon acquisition of their stock.

The following is a summary of the assets and liabilities of subsidiaries which were included in consolidation upon acquisition of their stock and a reconciliation of the related acquisition cost and net cash inflows for the year ended March 31, 2002:

For the year ended March 31, 2002	Millions of yen	Thousands of U.S. dollars
Current assets	¥1,763	$13,256
Noncurrent assets	1,176	8,842
Goodwill	26	195
Current liabilities	(1,941)	(14,594)
Minority interests	(215)	(1,617)
Carrying value on an equity basis	(388)	(2,917)
Acquisition cost	419	3,150
Cash and cash equivalents held by subsidiaries	(462)	(3,474)
Net cash inflows	¥42	$316

(b) Summary of assets and liabilities excluded from consolidation because of sales of subsidiaries' stock

 The following is a summary of the transferred assets and liabilities, relevant selling prices and net cash inflows resulting from the sales of subsidiaries' stock for the year ended March 31, 2001:

For the year ended March 31, 2001	Millions of yen
Current assets	¥2,945
Noncurrent assets	695
Gains on sales of subsidiaries' stock	740
Current liabilities	(3,127)
Long-term liabilities	(26)
Proceeds from sales of stock	1,228
Receivables outstanding	(252)
Cash and cash equivalents held by subsidiaries	(19)
Net proceeds	¥956