March 31, 2002 and 2001

• ASSETS    • LIABILITIES AND SHAREHOLDERS' EQUITY

ASSETS   Millions of Yen Thousands of U.S. Dollars (Note 1)   2002 2001 2002 Current Assets:    Cash (Note 2.c) ¥152,863 ¥59,193 $1,149,346    Time deposits (Note 2.c) 2,763 99,347 20,774    Marketable securities (Notes 2.c and 3) 6,334 6,120 47,624    Notes and accounts receivable:        Trade 80,924 80,586 608,451      Allowance for doubtful accounts (436) (301) (3,278)    Inventories 3,618 2,178 27,203    Deferred tax assets (Note 7) 7,775 7,634 58,459    Prepaid expenses and other current assets 7,333 10,893 55,135      Total current assets 261,174 265,650 1,963,714   Property, Plant and Equipment-at Cost (Note 4):      Land 158,413 156,133 1,191,075    Buildings and structures 201,735 196,016 1,516,805    Vehicles 141,773 132,232 1,065,962    Machinery and equipment 91,146 86,237 685,308    Construction in progress 2,363 3,217 17,767      Total 595,430 573,835 4,476,917    Accumulated depreciation (275,095) (257,735) (2,068,383)     Net property, plant and equipment 320,335 316,100 2,408,534   Investments and Other Assets:    Investment securities (Notes 3 and 4) 18,269 17,535 137,361    Investments in and advances to non-consolidated subsidiaries and affiliates, net of valuation allowance of ¥500 million in 2002 and 800 million in 2001. 4,745 4,001 35,677    Long-term loans 4,200 5,426 31,579    Lease deposits 29,674 29,684 223,113    Deferred tax assets (Note 7) 29,709 24,150 223,376    Other assets 10,833 7,700 81,451     Total investments and other assets 97,430 88,496 732,557   Total ¥678,939 ¥670,246 $5,104,805

	See notes to consolidated financial statements.

LIABILITIES AND SHAREHOLDERS' EQUITY   Millions of Yen Thousands of U.S. Dollars (Note 1)   2002 2001 2002 Current Liabilities:    Short-term bank loans (Note 4) ¥5,600 ¥9,459 $42,105    Current portion of long-term debt (Note 4) 27,522 17,629 206,933    Notes and accounts payable:        Trade 66,113 65,431 497,090      Construction 5,644 7,984 42,436    Income taxes payable (Note 7) 16,582 16,726 124,677    Employees' savings deposits 3,948 3,915 29,684    Accrued expenses 38,464 37,798 289,203    Other current liabilities 12,671 13,174 95,271      Total current liabilities 176,544 172,116 1,327,399   Long-Term Liabilities:    Long-term debt (Note 4) 61,924 87,869 465,594    Liability for employees’ retirement benefits (Note 5) 72,855 63,245 547,782    Deferred tax liabilities (Note 7) 1,031 1,124 7,752    Other long-term liabilities 259 321 1,947      Total long-term liabilities 136,069 152,559 1,023,075       Minority Interest 1,520 1,362 11,429   Contingent Liabilities (Note 9)   Shareholders' Equity (Notes 4, 6 and 11):    Common stock-authorized, 530,000,000 shares; issued, 461,549,549 shares in 2002 and 461,278,477 shares in 2001 116,300 116,155 874,436    Additional paid-in capital 129,092 128,947 970,616    Retained earnings 118,895 97,982 893,947    Unrealized gain on available-for-sale securities 896 1,511 6,737    Foreign currency transaction adjustments (132) (385) (992)      Total 365,051 344,210 2,744,744    Treasury stock-at cost, 106,451 shares in 2002 and 229 shares in 2001 (245) (1) (1,842)      Total shareholders' equity 364,806 344,209 2,742,902   Total ¥678,939 ¥670,246 $5,104,805