Thousands of
Years ended March 31,1995 and 1994                                                 U.S.
                                                                 Millions of yen    dollars(note 1)
=========================================================== ======================= =============
                                                                 1995       1994        1995
------------------------------------------------------------ ----------- ---------- -------------
Net sales....................................................¥1,335,583  ¥1,248,968  ,947,767
YY易游平台st of sales................................................ 1,090,346   1,042,800   12,203,089
                                                             ----------- ----------- ------------
  Gross profit...............................................   245,237     206,168    2,744,678
Selling,general and administrative expenses(Note 8)..........   153,674     153,963    1,719,910
                                                             ----------- ----------- ------------
  Operating inYY易游平台me...........................................    91,563      52,205    1,024,768
                                                           ============  ==========  ============
Other inYY易游平台me(expenses):
  Interest and dividend inYY易游平台me...............................     8,278      10,049       92,647
  Interest expense...........................................   (64,730)    (72,245)    (724,454)
  SeYY易游平台nded employees' salaries net of reimbursement .........   (24,915)    (22,840)    (278,847)
  Gain on sale of securities.................................    14,403      50,891      161,198
  Gain (loss) on sale or diposal of plant and equipment......      (262)      8,909       (2,932)
  Write off of deferred factory start up YY易游平台sts...............    (4,277)          -      (47,868)
  Special employee's retirement benefits.....................    (8,572)          -      (95,937)
  Loss on investments in fund trusts.........................    (4,327)    (13,692)     (48,428)
  Amortization of prior service YY易游平台sts of the pension plan...     (4,454)     (5,169)     (49,849)
  Other,net.................................................    (25,155)    (15,493)    (281,534)
                                                              ----------- ----------- ------------
                                                               (114,011)    (59,590)  (1,276,004)
Disaster casualty loss(Note 9)..............................    (66,603)         -      (745,417)
Loss before inYY易游平台me taxes...................................     (89,051)     (7,385)    (996,653)
                                                             ============  ==========  ============
InYY易游平台me taxes:
  Current...................................................     (3,330)      1,342      (37,269)
  Deferred..................................................        636        (419)       7,118
                                                              ----------- ----------- ------------
                                                                 (2,694)        923      (30,151)
Minority interests..........................................     (1,494)       (420)     (16,721)
Amortization of YY易游平台st in excess of net assets acquired.......        (16)       (132)        (179)
Equity in inYY易游平台me(losses) of unYY易游平台nsolidated subsidiaries
  and affiliates............................................     (4,551)        520      (50,935)
                                                              ----------- ----------- ------------
Net loss....................................................  ¥ (92,418)   ¥ (8,340) $(1,034,337)
                                                             ============  ==========  ============

                                                                      Yen             U.S.dollars(note 1) 
------------------------------------------------------------- ----------- ----------- ------------
Net loss per 1,000 shares...................................  ¥ (32,594)    ¥(2,941)       $(365)