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Consolidated Statements of Income


Yen
(millions)
U.S. dollars
(millions)




Years ended March 31 1998 1997 Change 1998





Net sales Y 4,985,382 Y 4,503,474 + 11% $ 37,768

Operating costs and expenses:
   Cost of goods sold 3,518,821 3,149,607 26,658
   Selling, general and administrative
      expenses
1,255,299 1,153,186 9,510





4,774,120 4,302,793 36,168




Operating income 211,262 200,681 + 5% 1,600

Other income (expenses):
   Interest and dividend income 12,760 9,758 97
   Interest charges (56,615) (49,276) (429)
   Other, net (62,516) (18,089) (473)





(106,371) (57,607) (805)




Income before income taxes 104,891 143,074 - 27% 795

Income taxes 108,550 96,499 822

Minority interests 9,718 4,175 74

Equity in earnings
of affiliated companies, net
18,964 3,747 143




Net income Y 5,587 Y 46,147 - 88% $ 42






Supplementary Information
   R & D Expenditure Y 387,129 Y 352,818 + 10% $ 2,933


(Thousands)


1998/3/31 1997/3/31



   Number of Employees 180 167


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