Financial Results / Presentation Materials 2004

(Millions of yen)

	As of March 31, 2003		As of March 31, 2004		Increase / Decrease
	Amount	% of total	Amount	% of total	Amount	YoY (%)
Current assets	[311,818]	[60.4]	[535,769]	[55.3]	[223,950]	[71.8]
Cash and deposits	51,876		83,574		31,698
Trade notes and accounts receivable	129,212		223,032		93,819
Marketable securities	0		130		129
Inventories	98,848		173,949		75,100
Deferred tax assets	22,759		31,033		8,273
Other accounts receivable	9,942		13,574		3,632
Other current assets	5,925		18,889		12,964
Allowance for doubtful accounts	(6,746)		(8,414)		(1,668)
Fixed assets	[204,137]	[39.6]	[433,820]	[44.7]	[229,682]	[112.5]
Tangible fixed assets	[148,040]	28.7	[220,204]	22.7	[72,163]	48.7
Buildings and structures	52,270		71,760		19,489
Machinery and vehicles	50,002		58,694		8,691
Land	18,672		38,514		19,841
Rental business-use assets	14,416		20,928		6,512
Other property, plant and equipment	12,678		30,305		17,627
Intangible fixed assets	[10,646]	2.1	[120,204]	12.4	[109,558]	-
Consolidation goodwill	-		98,716		98,716
Other intangible fixed assets	10,646		21,488		10,841
Investments and others	[45,451]	8.8	[93,411]	9.6	[47,960]	105.5
Investment securities	14,201		37,424		23,223
Long-term loans	1,103		2,672		1,568
Long-term prepaid expenses	5,268		4,429		(838)
Deferred tax assets	14,343		31,926		17,583
Other investments	12,834		18,281		5,446
Allowance for doubtful accounts	(2,300)		(1,323)		976
Total assets	515,956	100.0	969,589	100.0	453,633	87.9

(Millions of yen)

	As of March 31, 2003		As of March 31, 2004		Increase / Decrease
	Amount	% of total	Amount	% of total	Amount	YoY (%)
Current liabilities	[244,033]	47.3	[484,842]	50.0	[240,809]	98.7
Trade notes and accounts payable	73,311		141,783		68,472
Short-term loans	90,592		182,429		91,837
Long-term loans due within one year	5,121		14,251		9,129
Bonds due within one year	5,054		18,354		13,300
Accrued expenses	37,315		71,480		34,164
Accrued income taxes	9,913		16,736		6,823
Allowance for product warranty	1,148		5,164		4,016
Reserve for restructuring/liquidation losses	5,637		-		(5,637)
Other current liabilities	15,939		34,641		18,702
Long-term liabilities	[88,679]	17.2	[148,076]	15.3	[59,397]	67.0
Bonds	27,192		20,138		(7,054)
Long-term loans	24,126		32,778		8,651
Long-term accrued liabilities	8,204		20,305		12,100
Deferred tax assets on land revaluation	-		3,925		3,925
Reserve for retirement benefits and pension plans	24,303		64,915		40,611
Reserve for directors' retirement benefits	-		922		922
Other long-term liabilities	4,852		5,091		239
Total liabilities	332,712	[64.5]	632,919	[65.3]	300,207	[90.2]
Minority interests	2,224	[0.4]	1,242	[0.1]	(981)	[(44.1)]
Capital stock	37,519	7.3	37,519	3.9	-
Capital reserve	79,342	15.4	226,065	23.3	146,722
Accumulated earnings	69,052	13.4	77,254	8.0	8,201
Net unrealized gain on securities	825	0.1	4,886	0.5	4,061
Translation adjustment	(5,309)	(1.0)	(9,721)	(1.0)	(4,411)
Treasury stock	(410)	(0.1)	(576)	(0.1)	(165)
Total shareholders' equity	181,019	[35.1]	335,427	[34.6]	154,408	[85.3]
Total liabilities, minority interests, and shareholders' equity	515,956	100.0	969,589	100.0	453,633	87.9

Notes:

	Fiscal 2003	Fiscal 2004	Increase/ Decrease
1.Accumulated depreciation on tangible fixed assets (million yen)	281,329	440,481	159,151
2.Discount on trade notes receivable (million yen)	-	190	190
3. Number of shares of treasury stock	581,224	568,877	(12,347)
(Breakdown) Treasury stock Shares of equity-method affiliates	399,141 182,083	568,877 -	169,736 (182,083)