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I. Consolidated Results


 
 Extraordinary income and losses - Consolidated -
 
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[¥100 million]
(Year ended
March 31, 2000)
(Year ended
March 31, 2001)
(Year ended
March 31, 2002)
Y.O.Y
FY 1999 FY 2000 FY 2001
Operating income 147 258 39 -219
Ordinary income 85 191 -32 -223
Extraordinary income 213 247 96 -151
    Profit from sale of fixed assets 64 0 93 +93
    Profit from sale of securities 140 36 3 -33
    Profit from sale of subsidiary stocks 0 9 0 -9
    Profit from securities contribution to
employee retirement benefit trust
0 202 0 -202
    Others 9 - - -
 
Extraordinary losses 212 205 167 -38
    Voluntary redundancy expenses 105 - 0 -
    Unrealized loss on securities 20 0 129 +129
    Restructuring costs 87 26 38 +12
    Retirement benefit expenses resulting from the adoption of the accounting standards for retirement benefits
- 179 0 -179
Income before tax 86 233 -103 -336
 

 Profits from the sale of the former Tamagawa Plant site was appropriated as "Profit from sale of fixed assets". Profits from the sale of listed stock following the unwinding of cross-holdings by the parent company have been appropriated as "Profit from the sale of securities".

 As for extraordinary losses,

 Loss on devaluation of securities, mainly of financial institutions, due to the fall in stock prices, have been appropriated as "Unrealized loss on securities".

 "Restructuring costs" include additional severance payments for employees transferring to NSK Autoliv Co., Ltd., European restructuring expenses and liquidation losses of Delphi Chassis NSK Do Brasil Ltda.

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