Years ended March 31,1995 and 1994                           Millions of yen 
=========================== ============= ========================================================
                                                                            Retained earnings
                                                                            (Accumulated deficit)
--------------------------- ----------------------------------------------- ----------------------
                                                       Additional
                                            Common     paid-in    Legal     General 
                            Shares of        stock     capital    reserve   reserve
                            common stock    (Note 5)  (Note 5)   (Note 5)  (Note 6)  Unappropriated
--------------------------- -------------- ---------- ----------- -------- ---------- -------------
Balance at April 1,1993.....2,835,436,826  ¥213,640   ¥132,283    ¥26,743  ¥32,700    ¥18,063
  Net loss..................           -         -          -          -        -      (1,013)
  Cash dividends paid
   (¥3 per share)...........           -         -          -          -        -      (8,506)
  Transfer to reserve.......           -         -          -         858       -        (858)
  Transfer from reserve.....           -         -          -          -      (889)       889
  Bonuses to directors......           -         -          -          -        -         (55)
--------------------------- -------------- ---------- ----------- -------- ---------- -------------
Balance at March 31,1994....2,835,436,826   213,640    132,283     27,601   31,811      8,520
                            ============== ========== =========== ======== ========== =============
  Net  loss.................           -         -          -          -        -     (95,704)
  Transfer from reserve.....           -         -          -          -      (820)       820
                            -------------- ---------- ----------- -------- ---------- -------------
Balance at March 31,1995....2,835,436,826  ¥213,640   ¥132,283    ¥27,601   30,991   ¥(86,364)
                            ============== ========== =========== ======== ========== =============


                                                       Thousands of U.S. dollars(Note 1)
========================================== ========================================================
                                                                            Retained earnings
                                                                            (Accumulated deficit)
------------------------------------------ ------------------------------- ----------------------
                                                       Additional
                                            Common     paid-in    Legal     General 
                                             stock     capital    reserve   reserve
                                            (Note 5)  (Note 5)   (Note 5)  (Note 6)  Unappropriated
------------------------------------------ ---------- ----------- -------- ---------- -------------
Balance at April 1,1994................... $2,391,046 $1,480,504  $308,909  $356,027  $     95,355
                                           ========== ========== ========= ========= =============
  Net loss.................                        -           -         -         -    (1,071,114)
  Transfer from reserve.....                       -           -         -    (9,178)        9,178
                                           ---------- ----------- -------- ---------- -------------
Balance at March 31,1995.................. $2,391,046 $1,480,504  $308,909  $346,849     $(966,581)
                                           ========== ========== ========= ========= =============