title
  Years Ended March 31, 2002 and 2001
     ·Operating Activities    ·Investing Activities    ·Financing Activities    ·Forward
  Millions of Yen Thousands of U.S.
Dollars (Note 1)
  2002 2001 2002
Operating Activities:  
  Income (loss) before income taxes and minority interest ¥49,905 (3,554) $375,226
  Adjustments for:  
    Income taxes-paid (27,728) (20,778) (208,481)
    Depreciation and amortization 31,764 29,900 238,827
    Loss on disposal of property, plant and equipment 858 592 6,451
    Loss on sales of marketable and investment securities 74 6,195 556
    Equity in earnings of affiliated companies (800) (1,055) (6,015)
    Changes in assets and liabilities, net of effects from newly consolidated subsidiaries:  
      Increase in notes and accounts receivable (152) (17,567) (1,143)
      Decrease (increase) in inventories (1,428) 437 (10,737)
      Increase in notes and accounts payable 966 1,088 7,263
      Increase in liability for employees' retirement benefits 9,610 56,788 72,256
    Other-net 6,655 3,203 50,038
        Total adjustments 19,819 58,803 149,015
 
        Net cash provided by operating activities 69,724 55,249 524,241
 
Investing Activities:  
  Proceeds from sale of property, plant and equipment 772 1,691 5,804
  Purchases of property, plant and equipment (39,435) (38,190) (296,504)
  Proceeds from sales of marketable and investment securities 5,777 17,983 43,436
  Purchases of marketable and investment securities (12,113) (15,896) (91,075)
  Decrease in investments in and advances to non-consolidated subsidiaries and affiliates 426 1,921 3,203
  Cash collected from long-term loans 2,538 3,460 19,083
  Cash advanced for long-term loans (1,312) (2,953) (9,865)
  Other (3,121) (947) (23,466)
 
        Net cash used in investing activities (46,468) (32,931) (349,384)
 
Financing Activities:  
  Proceeds from short-term bank loans   1,084  
  Repayments of short-term bank loans (3,930) (1,063) (29,549)
  Proceeds from long-term debt 2,227 2,400 16,744
  Repayments of long-term debt (17,987) (29,505) (135,240)
  Dividends paid (6,470) (6,249) (48,647)
  Other (787) (41) (5,917)
 
        Net cash used in financing activities (26,947) (33,374) (202,609)
 
Forward ¥(3,691) (11,056) $(27,752)
Foreign Currency Translation Adjustments on Cash and Cash Equivalents 95 135 714
 
Net (Decrease) Increase in Cash and Cash Equivalents (3,596) (10,921) (27,038)
 
Cash and Cash Equivalents of Newly Consolidated Subsidiaries,beginning of Year   1,735  
 
Cash and Cash Equivalents, beginning of Year 158,899 168,085 1,194,730
 
Cash and Cash Equivalents, end of Year ¥155,303 158,899 $1,167,692
 
Noncash Financing Activities:  
  Proceeds from issuance of common stock upon conversion of convertible debt ¥290 15,356 $2,180
See notes to consolidated financial statements.