Consolidated Statements of Shareholders' Equity

Financial Section

				U.S. dollars
	Yen			(thousands)
	(millions)			(Note 2)

Years ended March 31	1994	1995	1996	1996

Common stock:
Balance at beginning of year	221,886	223,483	223,650	2,109,906
Conversion of bonds	1,597	167	13,976	131,849

Balance at end of year	223,483	223,650	237,626	2,241,755


Capital surplus:
Balance at beginning of year	395,790	398,546	398,801	3,762,274
Conversion of bonds	1,654	170	13,951	131,613
Other, net	1,102	85	7,028	66,302

Balance at end of year	398,546	398,801	419,780	3,960,189


Legal reserve:
Balance at beginning of year	21,124	22,218	24,056	226,943
Transfer from retained earnings	1,094	1,838	1,851	17,462

Balance at end of year	22,218	24,056	25,907	244,405


Retained earnings:
Balance at beginning of year	462,409	413,660	453,808	4,281,207
Net income (loss)	(37,672)	45,020	63,113	595,406
Cash dividends paid	(10,883)	(18,166)	(18,289)	(172,538)
Transfer to legal reserve	(1,094)	(1,838)	(1,851)	(17,462)
Bonuses to directors and statutory auditors	(390)	(648)	(726)	(6,849)
Translation adjustments	77	13,770	(23,438)	(221,113)
Other, net	1,213	2,010	(6,531)	(61,613)

Balance at end of year	413,660	453,808	466,086	4,397,038

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