Consolidated Statements of Operations

Financial Section

				U.S. dollars
	Yen			(thousands)
	(millions)			(Note 2)
Years ended March 31	1993	1994	1995	1995
Net Sales	3,461,928	3,139,330	3,257,706	36,603,438

Operating costs and expenses:
Cost of goods sold	2,240,021	2,056,045	2,117,777	23,795,247
Selling, general and administrative expenses	1,157,738	979,928	974,054	10,944,427
	3,397,759	3,035,973	3,091,831	34,739,674
Operating income	64,169	103,357	165,875	1,863,764

Other income (expenses):
Interest and dividend income	21,601	15,441	13,858	155,708
Interest charges	(83,055)	(64,580)	(55,454)	(623,079)
Other, net (Note 12)	(12,473)	(27,991)	(38,908)	(437,168)
	(73,927)	(77,130)	(80,504)	(904,539)
Income (loss) before income taxes	(9,758)	26,227	85,371	959,225

Income taxes (Note 9):
Current	21,552	35,528	52,152	585,978
Deferred	(958)	(631)	(1,772)	(19,910)
	20,594	34,897	50,380	566,068
Income (loss) before minority interests
and equity in earnings (losses)	(30,352)	(8,670)	34,991	393,157

Minority interests in income of consolidated subsidiaries	4,962	3,375	1,197	13,449

Equity in earnings (losses) of affiliates, net	2,712	(25,627)	11,226	126,135

Net income (loss)	(32,602)	(37,672)	45,020	505,843


	Yen			U.S. dollars
Net income (loss) per share	(18.0)	(20,8)	24.8	0.279
Cash dividends per share	8.0	8.0	10.0	0.112

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.