Business Results for the Six Months
Ended September 30, 2002

 Interest-bearing debts decreased 16.6 billion yen from 272.4 billion yen at the end of FY 2001 to 255.8 billion yen.

 Interest bearing debts in Japan decreased by 12.8 billion yen as result of a 10.0 billion yen reimbursement of corporate bonds and repayment of loans.