Consolidated Financial Statements for the six months ended September 30, 2003

28 Oct, 2003

Millions of yen

Summary
	Six months ended September 30		Yearended March 31, 2003 (Reference)
	2003	2002	Yearended March 31, 2003 (Reference)
Operating Results :
Net sales	194,779	154,163	328,496
Operating income	12,440	6,552	16,399
Ordinary income	9,746	3,001	9,880
Net income (loss)	4,872	1,838	3,883
Net income (loss) per share (yen) Basic Diluted	28.86 27.61	12.79 –	25.90 24.35
Financial Position:
Total assets	394,002	354,246	373,755
Shareholders’ equity	85,826	63,934	74,321
Shareholders’ equityratio (%)	21.8	18.0	19.9
Shareholders’ equityper share (yen)	491.05	444.87	460.98
Cash Flows :
Cash flows fromoperating activities	8,061	9,329	17,384
Cash flows frominvesting activities	-4,172	5,756	1,666
Cash flows fromfinancing activities	1,858	1,023	-7,450
Cash and cashequivalents at end of year	50,154	48,293	44,234
Sales by region :
China	34,483	23,088	43,736
Europe, Africa and the Middle East	27,675	18,241	37,724
Americas	31,071	18,913	45,980
Australasia andAsia	30,501	28,026	57,254
Japan	71,049	65,895	143,802