Summary of the Consolidated
Business Results for FY 2003 (2)

*Profit and loss items are compared with the same period last year.
Balance sheet items are compared with year-end data for FY 2002.

(¥100 million)	(Year ended Mar. 31 '02) FY 2001	(Year ended Mar. 31, '03) FY 2002	(Year ended Mar. 31, '04) FY 2003	Previous forecast	Difference (%)
Sales	4,809	5,228	5,222	5,200	-6	-0.1%
Operating income	39	178	260	240	+82	+45.5%
Ordinary income	-32	108	191	175	+83	+76.7%
Profit before tax	-103	-21	265	241	+286	-
Net income	-177	-27	143	110	+170	-
(Rate: 1US$=) (Rate: 1EURO=)	(¥121.50) (¥108.63)	(¥125.33) (¥117.93)	(¥116.26) (¥131.32)
(¥100 million)	(Year ended Mar. 31 '02) FY 2001	(Year ended Mar. 31, '03) FY 2002	(Year ended Mar. 31, '04) FY 2003	Difference (%)
Return on equity (ROE)	-8.13	-1.41	7.96
Interest bearing debt	2,724	2,678	2,465	-213	-7.9%
D/E ratio (times)	1.31	1.57	1.31
Inventories	975	835	759	-76	-9.1%
Inventory turnover (turns)	4.9	6.3	6.9