Fact Book 2003(Year ended March 31, 2003)

Consolidated Balance Sheets

Millions of yen

Assets 1999.03 2000.03 2001.03 2002.03 2003.03 Current Assets: Cash and time deposits 38,726 58,912 62,362 84,761 76,545 Marketable securities 27,047 35,448 71,260 27,478 31,575 Notes and accounts receivable 142,508 157,901 185,448 205,253 238,322 Less : Allowance for doubtful accounts -1,456 -1,229 -1,352 -918 -1,430 Inventories 38,428 54,876 66,665 70,196 93,907 Deferred tax assets - 18,021 23,000 23,933 30,944 Other current assets 8,132 12,235 9,173 24,470 35,689 Total ｃurrent assets 253,385 336,164 416,556 435,173 505,552 　 1999.03 2000.03 2001.03 2002.03 2003.03 Property, Plant and Equipment: Buildings and structures 241,976 319,718 343,216 360,581 377,626 Machinery and equipment 535,694 770,398 819,183 895,170 937,579 Furniture, fixtures and office 88,969 141,777 152,675 172,362 179,475 Less : Accumulated depreciation -561,220 -848,588 -926,949 -1,012,800 -1,051,343 Land 47,272 68,917 70,878 73,930 75,317 Construction in progress 14,398 6,551 21,809 16,336 20,556 Net ｐroperty, Plant and equipment 367,089 458,773 480,812 505,579 539,210 　 1999.03 2000.03 2001.03 2002.03 2003.03 Investments and Advances: Investment securities 99,860 86,905 178,302 163,450 135,258 Long-term receivables 5,964 6,268 3,358 3,211 4,866 Less : Allowance for doubtful accounts -32 -36 -405 -416 -555 Deferred tax assets - 18,883 10,759 24,695 23,140 Excess of cost of investments over equity in net assets acquired 44 - 1,086 1,429 1,297 Others 10,117 13,096 14,173 13,698 15,543 Total investments and advances 115,953 125,116 207,273 206,067 179,549 Foreign currency translation adjustments 2,457 8,866 - - - Total assets 738,884 928,919 1,104,641 1,146,819 1,224,311

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Millions of yen

Liabilities and shareholders' equity 1999.03 2000.03 2001.03 2002.03 2003.03 Current Liabilities :　 　 　 　 Short-term borrowings 21,321 38,333 55,524 60,932 69,678 Straight bonds due within one year - - - 15,000 5,000 Convertible bonds due within one year - - - - 29,116 Notes and accounts payable 116,228 142,419 160,632 175,037 215,434 Income taxes payable 11,339 15,230 22,212 19,115 20,935 Accrued expenses 50,277 60,642 71,088 75,345 88,686 Other current liabilities 52,908 53,111 61,551 61,772 76,473 Total current liabilities 252,073 309,735 371,007 407,201 505,322 　 1999.03 2000.03 2001.03 2002.03 2003.03 Long-term Liabilities:　 　 　 　 Straight bonds 25,000 40,000 40,000 25,000 20,000 Convertible bonds 29,117 29,117 29,117 29,117 - Long-term debt 33,120 39,874 24,052 8,517 44,927 Deferred tax liabilities - 803 1,235 1,411 55 Liability for employees' retirement benefits 41,451 57,161 132,764 136,237 75,936 Other long-term liabilities - 137 - - 25,015 Total long-term liabilities 128,688 167,092 227,168 200,282 165,933 Minority Interests 56,139 89,697 91,794 107,464 124,454 　 1999.03 2000.03 2001.03 2002.03 2003.03 Shareholders' Equity: Common stock, per value \50 per share 41,140 41,140 41,140 41,140 41,140 Additional paid-in capital 59,023 59,023 59,023 59,023 59,023 Retained earnings 201,822 263,665 259,215 280,463 325,521 Net unrealized gain on available-for-sale securities - - 61,817 48,042 32,029 Foreign currency translation adjustments - - -5,072 4,682 -1,179 Less : Treasury stock -1 -1,433 -1,451 -1,478 -27,932 Total shareholders' equity 301,984 362,395 414,672 431,872 428,602 Total liabilities and shareholders' equity 738,884 928,919 1,104,641 1,146,819 1,224,311

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