Thousands of
Years ended March 31,1995 and 1994                                                 U.S.
                                                                 Millions of yen   dollars(Note 1)
=========================================================== ======================= =============
                                                                 1995       1994        1995
------------------------------------------------------------ ----------- ---------- -------------
Net sales(Note 7).......................................... ¥1,065,588  ¥1,068,158  $11,925,999
Cost of sales(Note 7).......................................    907,093     916,022   10,152,132
                                                             ----------- ----------- ------------
  Gross profit..............................................    158,495     152,136    1,773,867
Selling,general and administrative expenses.................    101,373     116,214    1,134,561
                                                             ----------- ----------- ------------
  Operating income..........................................     57,122      35,922      639,306
                                                            ============  ==========  ============
Other income(expenses):
  Interest and dividend income..............................      7,514       9,326       84,096
  Interest expense..........................................    (51,356)    (58,033)    (574,773)
  Seconded employees' salaries net of reimbursement ........    (24,623)    (22,832)    (275,803)
  Gain on sale of securities................................     15,302      53,397      171,259
  Gain (loss) on sale or disposal of plant and equipment....     (1,629)      8,829      (18,232)
  Loss on revaluation of securities,investment in subsidiaries
    and other investment....................................    (11,702)     (1,816)    (130,968)
  Special employees' retirement benefits....................     (8,572)         -       (95,937)
  Loss on forgiveness of receivables from a subsidiaries....     (6,064)    (17,172)     (67,868)
  Amortization of prior service costs of the pension plan...     (4,029)     (4,740)     (45,092)
  Other,net.................................................    (10,784)     (4,676)    (120,694)
                                                             ----------- ----------- ------------
                                                                (95,963)    (37,717)  (1,074,012)
Disaster casualty loss(Note 8).............................     (64,144)         -      (717,896)
Loss before income taxes...................................    (102,985)     (1,795)  (1,152,602)
                                                            ============  ==========  ============
Income taxes...............................................      (7,281)       (782)     (81,488)
                                                             ----------- ----------- ------------
Net loss...................................................   ¥ (95,704)   ¥ (1,013) $(1,071,114)
                                                             =========== =========== ============
                                                                     Yen             U.S.dollers(Note 1)
------------------------------------------------------------ ----------- ----------- ------------
Net loss per 1,000 shares.................................   ¥  (33,753)      ¥(350)    $(377.76)