March 31, 2001 and 2000

ASSETS   Millions of Yen Thousands of U.S. Dollars (Note 1)   2001 2000 2001 Current Assets:     Cash ¥44,622 ¥35,973 $359,855   Time deposits 83,200 98,950 670,968   Marketable securities 2,261 12,876 18,234   Notes and accounts receivable:         Notes receivable—trade 3,219 2,378 25,960       Accounts receivable—trade 61,518 54,751 496,113       Subsidiaries and affiliates 4,155 4,132 33,508       Allowance for doubtful accounts (200) (224) (1,613)   Inventories 1,312 1,570 10,580   Deferred tax assets (Note 6) 6,818 4,591 54,984   Prepaid expenses and other current assets 9,310 5,783 75,080          Total current assets 216,215 220,780 1,743,669   Property, Plant and Equipment—at Cost (Note 3):     Land 141,545 139,793 1,141,492   Buildings and structures 177,692 168,036 1,433,000   Vehicles 108,084 101,257 871,645   Machinery and equipment 59,645 56,197 481,008   Construction in progress 3,160 6,375 25,484          Total 490,126 471,658 3,952,629   Accumulated depreciation (212,899) (197,635) (1,716,927)          Net property, plant and equipment 277,227 274,023 2,235,702   Investments and Other Assets:     Investment securities (Notes 3) 17,291 15,148 139,443   Investments in and advances to subsidiaries and affiliates, net of valuation allowance of ¥800 million ($6,452 thousand) in 2001 and 2000 15,603 17,611 125,831   Long-term loans 2,914 3,378 23,500   Lease deposits 27,820 27,693 224,355   Deferred tax assets (Note 6) 22,012 947 177,516   Other assets 7,352 7,871 59,290          Total investments and other assets 92,992 72,648 749,935 Total ¥586,434 ¥567,451 $4,729,306 See notes to consolidated financial statements.

LIABILITIES AND SHAREHOLDERS' EQUITY   Millions of Yen Thousands of U.S. Dollars (Note 1)   2001 2000 2001 Current Liabilities:     Short-term bank loans (Note 3) ¥3,100 ¥3,350 $25,000   Current portion of long-term debt (Note 3) 16,065 39,489 129,556   Notes and accounts payable:         Notes payable-trade and construction 7,334 6,778 59,145       Accounts payable-trade 32,625 31,128 263,105       Subsidiaries and affiliates 7,490 7,440 60,403   Consumption tax payable 6,483 6,528 52,282   Income taxes payable (Note 6) 12,812 8,370 103,323   Employees’ savings deposits 3,915 4,211 31,573   Accrued expenses 34,117 34,133 275,137   Other current liabilities (Note 3) 14,736 11,922 118,839          Total current liabilities 138,677 153,349 1,118,363   Long-Term Liabilities:     Long-term debt (Note 3) 80,604 99,310 650,032   Liability for employees’ retirement benefits (Note 4) 58,084 5,751 468,419   Other long-term liabilities 973 1,531 7,847          Total long-term liabilities 139,661 106,592 1,126,298   Contingent Liabilities (Note 9)     Shareholders’ Equity (Notes 3, 5 and 10):     Common stock, ¥50 par value—authorized, 530,000,000 shares; issued and outstanding, 461,278,477 shares in 2001 and 445,440,546 shares in 2000 116,155 108,477 936,734   Additional paid-in capital 128,947 121,269 1,039,895   Legal reserve 6,106 5,475 49,242   Retained earnings 55,398 72,289 446,758   Unrealized gain on available-for-sale securities 1,490 - 12,016          Total shareholders’ equity 308,096 307,510 2,484,645 Total ¥586,434 ¥567,451 $4,729,306