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Consolidated Statements of Cash Flows * **
Six months ended September 30
                                                          Yen           U.S. Dollars
                                                       (millions)        (millions)
Cash flows from operating activities:               2001        2000         2001
  Net income (loss)                            ¥  (69,473)  ¥  51,372     $ (584)
  Adjustments to reconcile net income to
   net cash provided by operating activities:
    Depreciation and amortization                 166,843     172,723       1,402
    Net gain on sale of investments                (6,641)     (2,185)        (56)    
    Provision for doubtful receivables              5,369       7,638          45
    Deferred income taxes                          (3,913)    (40,292)        (33)
    Write-down of investment securities            18,608       1,583         156
    Minority interests                            (26,903)     10,207        (226)
    (Increase) decrease in trade receivables      215,663     (44,686)      1,813
    (Increase) decrease in inventories             17,703    (131,645)        149
    (Increase) decrease in other current assets   (20,024)    (19,129)       (168)
    (Increase) decrease in noncurrent receivables  11,401       3,897          96  
    Increase (decrease) in trade payables        (159,438)      8,700      (1,340)
    Increase (decrease) in accrued income taxes   (25,788)     11,534        (217)
    Increase (decrease) in accrued expenses
      and other current liabilities               (36,146)     62,901        (304)
    Increase (decrease) in retirement
      and severance benefits                        7,586      28,803          64
    Other                                             558         654           5
    Net cash provided by operating activities  ¥   95,405   ¥ 122,075      $  802

Cash flows from investing activities:
  Proceeds from sale of short-term investments     17,830      88,484         150
  Purchase of short-term investments              (14,491)    (62,791)       (122)
  Proceeds from disposition of investments
    and advances                                   35,324      29,707         297
  Increase in investments and advances            (44,041)    (22,842)       (370)
  Capital expenditures                           (209,713)   (221,722)     (1,763)
  Increase in time deposits                       108,741     (45,000)        914
  Other                                              (738)    (38,573)         (6)
    Net cash used in investing activities      ¥ (107,088) ¥ (272,737)     $ (900)

Cash flows from financing activities:
  Increase (decrease) in short-term borrowings    (35,777)      7,030        (301)
  Increase in deposits and advances from
    customers and employees                        (2,228)      7,494         (19)
  Proceeds from long-term debt                     48,554     197,244         408
  Repayments of long-term debt                    (88,414)   (185,374)       (743)
  Dividends paid                                  (12,995)    (12,890)       (109)
  Dividends paid to minority interests             (6,414)     (6,909)        (54)
  Repurchase of common stock                         (250)       (237)         (2)
  Other                                             6,300      (2,211)         53
    Net cash provided by (used in)
      financing activities                     ¥  (91,224) ¥    4,147      $ (767)

Effect of exchange rate changes on cash
and cash equivalents                               (7,411)        758         (62)
Net increase (decrease) in cash
and cash equivalents                             (110,318)   (145,757)       (927)
Cash and cash equivalents at beginning of period  848,878   1,116,262       7,133
Cash and cash equivalents at end of period *   ¥  738,560  ¥  970,505      $6,206


* Reconciliation of "Cash and cash equivalents" with
  Balance Sheet "Cash and deposits":

Cash and deposits                              ¥1,148,188  ¥1,355,505      $9,648
Time deposits (over 3 months)                    (409,628)   (385,000)     (3,442)
Cash and cash equivalents at end of period     ¥  738,560  ¥  970,505      $6,206


** See notes to consolidated financial statements.

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