Business Results for the Six Months
Ended September 30, 2002

 In Japan, operating profits deteriorated 1.7 billion yen due to changes in product mix, and 0.7 billion yen due to inventory reduction activities. Favorable foreign exchange rates brought about a 0.8 billion yen improvement in profits. Business restructuring activities, which are explained in detail later in this presentation, provided a profit increase of 2.5 billion yen through reduction of external procurement costs and 0.8 billion yen from labor cost cutting activities such as the reduction of contract workers.

 As a result, the overall improvement in operating income compared to the 1st half of FY 2001 totaled 1.7 billion yen.