Non-Consolidated Interim Statements of Operations and
Unappropriated Retained Earnings
Six months ended September 30, 1998 and 1997 (Unaudited)

	Millions of yen		Thousands of U.S. dollars (Note 1)
	1998	1997	1998
Net sales	473,336	564,369	3,495,834
Cost of sales	407,863	473,376	3,012,282
Gross profit	65,473	90,993	483,552
Selling, general and administrative expenses	45,319	49,587	334,704
Operating income	20,154	41,406	148,848
Other income (expenses):
Interest and dividend income	5,657	8,841	41,780
Interest expense	(13,547)	(14,550)	(100,052)
Loss on write down of securities, investments in subsidiaries and other investments	(19,181)	---	(141,662)
Reversal of allowance for special repairs	8,320	---	61,448
Consent fee for cancellation of a joint venture agreement	7,500	---	55,391
Gain on sale or disposal of plant and equipment	4,028	120	29,749
Other, net	(16,261)	(20,716)	(120,096)
	(23,484)	(26,305)	(173,442)
Income (loss) before income taxes	(3,330)	15,101	(24,594)
Income taxes	---	8,100	---
Net income (loss)	(3,330)	7,001	(24,594)
Unappropriated retained earnings at the beginning of the period	12,807	5,391	94,586
Appropriations:
Cash dividends (2 yen per share)	(5,671)	---	(41,883)
Transfer to reserve	(1,171)	(628)	(8,648)
Transfer from reserve	604	628	4,461
	(6,238)	---	(46,070)
Unappropriated retained earnings at the end of the period	3,239	12,392	23,922
	Yen		U.S. dollars (Note 1)
Net income (loss) per 1,000 shares	(1,175)	2,469	(8.68)