title
  Year ended March 31,2001 and 2000
     ·Operating Activities    ·Investing Activities    ·Financing Activities    ·Forward
  Millions of Yen Thousands of U.S.
Dollars (Note 1)
  2001 2000 2001
Operating Activities:  
  Income (loss) before income taxes and minority interest ¥(3,554) ¥37,339 $(28,661)
  Adjustments for:  
    Income taxes—paid (20,778) (19,151) (167,565)
    Depreciation and amortization 29,900 28,917 241,129
    Loss on disposal of property, plant and equipment 592 3,078 4,774
    Loss on sales of marketable and investment securities 6,195 4,117 49,960
    Equity in earnings of affiliated companies (1,055) (1,517) (8,508)
    Changes in assets and liabilities, net of effects from newly consolidated subsidiaries:  
      Increase in notes and accounts receivable (17,567) (7,511) (141,669)
      Decrease in inventories 437 851 3,524
      Increase in notes and accounts payable 1,088 9,321 8,774
      Increase in liability for employees’ retirement benefits 56,788 - 457,968
    Other—net 3,203 5,443 25,830
        Total adjustments 58,803 23,548 474,217
 
        Net cash provided by operating activities 55,249 60,887 445,556
 
Investing Activities:  
  Proceeds from sale of property, plant and equipment 1,691 1,018 13,637
  Purchases of property, plant and equipment (38,190) (31,861) (307,984)
  Proceeds from sales of marketable and investment securities 17,983 18,127 145,024
  Purchases of marketable and investment securities (15,896) (12,939) (128,193)
  Decrease (increase) in investments in and advances to non-consolidated subsidiaries and affiliates 1,921 (686) 15,492
  Cash collected from long-term loans 3,460 5,112 27,903
  Cash advanced for long-term loans (2,953) (5,714) (23,814)
  Other (947) (506) (7,637)
 
        Net cash used in investing activities (32,931) (27,449) (265,572)
 
Financing Activities:  
  Proceeds from short-term bank loans 1,084 1,670 8,742
  Repayments of short-term bank loans (1,063) (1,499) (8,573)
  Proceeds from long-term debt 2,400 2,190 19,355
  Repayments of long-term debt (29,505) (3,638) (237,943)
  Dividends paid (6,249) (6,126) (50,395)
  Other (41) 13 (331)
 
        Net cash used in financing activities (33,374) (7,390) (269,145)
 
Forward ¥(11,056) ¥ 26,048 $(89,161)
Foreign Currency Translation Adjustments on Cash and Cash Equivalents 135 28 1,089
 
Net (Decrease) Increase in Cash and Cash Equivalents (10,921) 26,076 (88,072)
 
Cash and Cash Equivalents of Newly Consolidated Subsidiaries,beginning of Year 1,735 1,588 13,992
 
Cash and Cash Equivalents, beginning of Year 168,085 140,421 1,355,524
 
Cash and Cash Equivalents, end of Year ¥158,899 ¥168,085 $1,281,444
 
Noncash Financing Activities:  
  Proceeds from issuance of common stock upon conversion of convertible debt ¥15,356 ¥13,812 $123,838

See notes to consolidated financial statements.