Years ended March 31,1995 and 1994                           Millions of yen 
=========================== ======================================================================
                                                       Additinal            Retained
                                            Common     paid-in    Legal     earnings 
                            Shares of        stock     capital    reserve  (accumulated)  Treasury
                            common stock    (Note 6)  (Note 6)   (Note 6)     deficit)    stock
--------------------------- -------------- ---------- ----------- -------- ---------- -------------
Balance at April 1,1993.....2,835,436,826  ¥213,640   ¥132,283    ¥26,743   ¥17,723         ¥(4)
  Net loss..................           -         -          -          -     (8,340)          -
  Cash dividends paid.......           -         -          -          -     (8,483)          -
  Transfer to reserve.......           -         -          -         858      (858)          -
  Bonuses to directors......           -         -          -          -        (78)          -
  Effect of merger of
    subsidiaries............           -         -          -          -        109           -
  Effect of subsidiaries 
    newly consolidated......           -         -          -          -     (2,009)          -
  Foreign currency 
    translation adjustments.           -         -          -          -        431           -
  Cost of treasury 
    stock sold..............           -         -          -          -         -            1
                            -------------- ---------- ----------- -------- ---------- -------------
Balance at March 31,1994....2,835,436,826   213,640    132,283     27,601    (1,995)         (3)
                            ============== ========== =========== ======== ========== =============
  Net loss..................           -         -          -          -    (92,418)          -
  Bonuses to directors......           -         -          -          -        (14)          -
  Effect of issue of
    shares by subsidiaries 
    and affiliates..........           -         -          -          -      1,987           -
  Effect of subsidiaries 
    newly consolidated and
    affiliates newly
     accounted for by the 
     equity method..........           -         -          -          -    (18,980)          -
  Foreign currency 
    translation adjustments.           -         -          -          -      2,652           -
Cost of treasury 
    stock sold..............           -         -          -          -         -            1
                            -------------- ---------- ----------- -------- ---------- -------------
Balance at March 31,1995....2,835,436,826  ¥213,640   ¥132,283    ¥27,601 ¥(108,768)        ¥(2)
                            ============== ========== =========== ======== ========== =============


                                                            Thousands of U.S. dollars(Note 1)
========================================== ========================================================
                                                       Additinal            Retained
                                            Common     paid-in    Legal     earnings 
                                             stock     capital    reserve  (accumulated)  Treasury
                                            (Note 6)  (Note 6)   (Note 6)     deficit)    stock
------------------------------------------ ---------- ----------- -------- ---------- -------------
Balance at April 1,1994................... $2,391,046  $1,480,504  $308,909  $ (22,328)       $(34)
                                           ========== ===========  ======== ========== =============
  Net loss................................         -          -          -  (1,034,337)          -  
  Bonuses to directors....................         -          -          -        (156)          -
  Effect of issue of shares by
    subsidiaries and affiliates...........         -          -          -      22,238           -
  Effect of subsidiaries newly
    consolidated and affiliates newly
    accounted for by the equity method....         -          -          -    (212,423)          -
  Foreign currency 
    translation adjustments...............         -          -          -      29,681           -
Cost of treasury stock sold...............         -          -          -          -           11
                            -------------- ---------- ----------- --------  ---------- -------------
Balance at March 31,1995.................  $2,391,046  $1,480,504  $308,909 $(1,217,325)      $(23)
                                           ========== ===========  ======== ========== =============