Thousands of
Years ended March 31,1995 and 1994                                                 U.S.
                                                                 Millions of yen    dollars(Note 1)
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                                                                 1995       1994        1995
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Cash flows from operating activities:
  Net loss..................................................  ¥(95,704)    ¥(1,013)  $(1,071,114)
  Adjustments to reconcile net loss to net cash
   provided by operating activities:
    Depreciation and amortization...........................    95,606      98,437     1,070,017
    Loss(gain) on sale or disposal of plant and equipment...     1,629      (8,829)       18,232
    Loss on plant and equipment destroyed by earthquake.....     5,149          -         57,627
    Gain on sale of securities..............................   (15,302)    (53,397)     (171,259)
    Loss on revaluation of securities,investments in 
      subsidiaries and other investments....................    11,702       1,816       130,968
    Loss on forgiveness of receivables from a subsidiary....     6,064      17,172        67,868
    Provision for loss from natural disaster................    31,700          -        354,785
    Provision for employees' retirement benefits.............   13,208       8,267       147,823
    Provision for allowance for special repairs.............     1,782       2,285        19,944
    Long-term accrued income and enterprise taxes...........      (403)     (4,389)       (4,510)
    Decrease(increase) in notes and accounts receivable.....   (30,325)     37,310      (339,396)
    Decrease in inventories.................................    14,224      12,122       159,194
    Increase(decrease) in payables.........................     26,662     (21,178)      298,400
    Increase(decrease) in advances from customers...........     5,130      (4,035)       57,415
    Increase(decrease) in customers' 
      and employees* deposits................................    1,396     (21,312)       15,624
    Decrease in income and enterprise taxes payable..........   (1,669)    (29,394)      (18,679)
    Other...................................................   (23,536)    (27,339)     (263,415)
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      Total adjustments.....................................   143,017       7,536     1,600,638
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         Net cash provided by operation activities..........    47,313       6,523       529,524
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Cash flows from investing activities:
  Proceeds from sale or disposal of plant and equipment.....     5,953      10,626        66,626
  Purchase of plant and equipment...........................   (67,750)   (166,628)     (735,870)
  Purchase of marketable securities,
    investments and other assets............................   (13,421)    (96,091)     (150,207)
  Proceeds from sale or collection of marketable 
    securities,investment and other assets..................    44,854     143,259       502,003
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         Net cash used in investing activities..............   (28,364)   (108,834)     (317,448)
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Cash flows from financing activities:
  Increase in short-term borrowings.........................    25,240     133,922       282,484
  Proceeds from issuance of long term debt..................    83,077      67,362       929,793
  Repayment of long-term debt...............................  (149,354)   (110,103)   (1,671,561)
  Cash dividends paid.......................................        -       (8,506)           -
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         Net cash provided by (used in) 
          financing activities..............................   (41,037)     82,675      (459,284)
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Net decrease in cash and cash equivalents...................   (22,088)    (19,636)     (247,208)
Cash and cash equivalents at beginning of year..............    78,970      98,606       883,828
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Cash and cash equivalents at end of year....................   ¥56,882     ¥78,970     $ 636,620
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Supplemental disclosures of cash flow information:
  Cash paid for interest....................................   ¥51,742     ¥57,781      $579,093
  Cash paid for income taxes................................     2,043      25,439        22,865