Thousands of
Years ended March 31,1995 and 1994                                                 U.S.
                                                                 Millions of yen    dollars(note 1)
=========================================================== ======================= =============
                                                                 1995       1994        1995
------------------------------------------------------------ ----------- ---------- -------------
Net sales....................................................¥1,335,583  ¥1,248,968  $14,947,767
Cost of sales................................................ 1,090,346   1,042,800   12,203,089
                                                             ----------- ----------- ------------
  Gross profit...............................................   245,237     206,168    2,744,678
Selling,general and administrative expenses(Note 8)..........   153,674     153,963    1,719,910
                                                             ----------- ----------- ------------
  Operating income...........................................    91,563      52,205    1,024,768
                                                           ============  ==========  ============
Other income(expenses):
  Interest and dividend income...............................     8,278      10,049       92,647
  Interest expense...........................................   (64,730)    (72,245)    (724,454)
  Seconded employees' salaries net of reimbursement .........   (24,915)    (22,840)    (278,847)
  Gain on sale of securities.................................    14,403      50,891      161,198
  Gain (loss) on sale or diposal of plant and equipment......      (262)      8,909       (2,932)
  Write off of deferred factory start up costs...............    (4,277)          -      (47,868)
  Special employee's retirement benefits.....................    (8,572)          -      (95,937)
  Loss on investments in fund trusts.........................    (4,327)    (13,692)     (48,428)
  Amortization of prior service costs of the pension plan...     (4,454)     (5,169)     (49,849)
  Other,net.................................................    (25,155)    (15,493)    (281,534)
                                                              ----------- ----------- ------------
                                                               (114,011)    (59,590)  (1,276,004)
Disaster casualty loss(Note 9)..............................    (66,603)         -      (745,417)
Loss before income taxes...................................     (89,051)     (7,385)    (996,653)
                                                             ============  ==========  ============
Income taxes:
  Current...................................................     (3,330)      1,342      (37,269)
  Deferred..................................................        636        (419)       7,118
                                                              ----------- ----------- ------------
                                                                 (2,694)        923      (30,151)
Minority interests..........................................     (1,494)       (420)     (16,721)
Amortization of cost in excess of net assets acquired.......        (16)       (132)        (179)
Equity in income(losses) of unconsolidated subsidiaries
  and affiliates............................................     (4,551)        520      (50,935)
                                                              ----------- ----------- ------------
Net loss....................................................  ¥ (92,418)   ¥ (8,340) $(1,034,337)
                                                             ============  ==========  ============

                                                                      Yen             U.S.dollars(note 1) 
------------------------------------------------------------- ----------- ----------- ------------
Net loss per 1,000 shares...................................  ¥ (32,594)    ¥(2,941)       $(365)