Fiscal Year ending October 31, 2002

Summary of Company Interim Financial Statements
June 14, 2002
Listed Company Name

Kanamoto Company, Ltd.

Listing Exchanges

Company Code Number

9678

Tokyo Stock Exchange

Head Office Address

Sapporo Stock Exchange
1-19, Odori Higashi 3-chome, Chuo-ku, Sapporo, Hokkaido Japan 060-0041(URL

http://www.kanamoto.co.jp)

Inquiries

Person to Contact

Corporate Officer and Division Manager, Accounting Division

Name

Nobuhito Utatsu

TEL (011)-209-1600

Please send inquiries in English to takayama@kanamoto.co.jp.
Date of Report to the Board of Directors

June 14, 2002

Interim Dividend System

The Company has an interim dividend system

Interim Dividend Payment Date

July 22, 2002

Has the Company adopted a Unit Stock System?

Yes (1 unit equals 1,000 shares)

1. Operating Results for the Interim Period ended April 30, 2002
(November 1, 2001 - April 30,
2002)(1) Operating Results(Numbers less than one million yen have been rounded
down)
Revenues
Millions of yen
Six months endedApril 30, 2002
Six months endedApril 30, 2001
Fiscal year ended
October 31, 2001

Operating Income％

Millions of yen

Ordinary Income％

Millions of yen％

29,977

– 4.0

1,551

3.0

1,705

– 14.3

31,2346.1

1,505– 26.1

1,991

14.6

64,295Net Income

2,771

3,294

Net Income per Share ofCommon StockYen

Millions of yen％
Six months ended
748
47.0
24.75
April 30, 2002
Six months ended509– 48.7
16.84
April 30, 2001
Fiscal year ended
518
17.14
October 31, 2001
Notes 1. Average number of shares outstanding during the period
Six months ended April 30, 2002
30,251,739 shares
Six months ended April 30, 2001
30,241,666 sharesFiscal year ended October 31, 2001
30,245,585 shares
2. Are there any changes in accounting method?
Yes
3. The percentages shown for revenues, operating income, ordinary income and net income are the percent
increase or decrease compared to the same period of the prior fiscal year

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .1

(2) Dividends
Interim Dividend per
Share of Common
Stock

Annual Dividend per
Share of Common
Stock

Yen

Yen

Six months endedApril 30, 2002
Six months endedApril 30, 2001
Fiscal year ended
October 31, 2001

9.00

---

9.00

---

---

18.00

(3) Financial Position
Total Assets
Millions of yen

Shareholders’EquityMillions of yen

Shareholders’Equity Ratio％

Six months ended
100,934
31,438
April 30, 2002
Six months ended
104,561
31,883
April 30, 2001
Fiscal year ended
105,423
31,034
October 31, 2001
Notes 1. Number of shares issued and outstanding at end of period
Six months ended April 30, 2002
30,251,044 shares
Six months ended April 30, 2001
30,250,241 sharesFiscal year ended October 31, 2001
30,252,259 shares
2. Number of shares of treasury stock at end of period
Six months ended April 30, 2002
2,197 shares
Six months ended April 30, 2001
190 sharesFiscal year ended October 31, 2001
982 shares

Shareholders’Equity per Share
Yen

31.1

1,039.25

30.5

1,053.99

29.4

1,025.85

2. Projected Operating Results for the Fiscal Year Ending October 31, 2002
(November 1, 2001 - October 31, 2002)
Revenues

Full year

Ordinary Income

Millions of yen

Millions of yen

59,1002,260

Net Income
Millions of yen
960

Annual Dividend per
Share of Common Stock
Year-end
Yen

Yen

9.00

18.00

Reference: Projected net income per share of common stock (Full year) ¥31.73※ The above projections were prepared based upon information available to the Company at the time theprojections were announced as well as various assumptions concerning the future economic and businessenvironment. Actual operating results may differ from the projected figures depending upon various factors in the
future.

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .2

VIII
Company Financial Statements
1. Comparative Balance Sheets
PeriodCategory(Unit: Thousands of yen)

End of Current Fiscal
Year Interim Period

End of Prior Fiscal
Year Interim Period

Prior Fiscal Year
Summary Balance Sheet(As of April 30, 2002)(As of April 30, 2001)(As of October 31,2001)

AmountPercent

Amount％Percent％

Current Assets
Cash and deposits

19,985,482

14,988,293

15,691,502

11,375,895

14,734,209

12,519,707

8,159,755

8,848,112

12,586,858

544,034

928,279

806,146

Other current assets
Allowance for doubtful
accounts

3,539,962

4,607,567

3,598,752– 366,776– 197,615– 318,288

Total Current Assets

43,238,354

Notes receivable, trade※5

Accounts receivable, trade
Inventory

II

Amount％(Assets)
I

Percent

42.8

43,908,848

42.0

44,884,678

42.6

Fixed Assets(1） Tangible Fixed Assets ※1
Rental equipment
Buildings&
structures
Land※4
Other tangible fixed ※4
assetsTotal Tangible Fixed
AssetsFixed(2） Intangible
Assetsand(3） Investments
Other Assets
Allowancefordoubtful accounts
Total
Investments
and Other Assets
Total Fixed Assets
Total Assets

17,178,365

20,336,493

19,820,554

6,339,209

6,435,630

6,446,603

24,258,223

24,042,995

24,258,223

2,976,532

3,276,704

3,167,835

50,752,330

54,091,823

53,693,217

81,884

66,96378,984

7,468,761

7,073,384

7,213,252– 606,624– 579,240– 446,847

6,862,136

6,494,144

6,766,405

57,696,351

57.2

60,652,931

58.0

60,538,606

57.4

100,934,706

100.0

104,561,779

100.0

105,423,285

100.0

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .3

(Unit: Thousands of yen)
PeriodCategory

End of Current Fiscal
Year Interim Period

End of Prior Fiscal
Year Interim Period

Prior Fiscal Year
Summary Balance Sheet(As of April 30, 2002)(As of April 30, 2001)(As of October 31,2001)

AmountPercent

AmountPercent％％

Current Liabilities
Notes payable, trade

7,830,725

10,337,767

9,151,177

Accounts payable, trade

1,694,803

1,855,608

2,646,364

Short-term bank loans
Corporate bonds to beredeemed within one year
Accounts payable, other

8,115,000

7,851,000

7,755,000

5,277,692−−

8,104,716

8,347,618

8,284,244

898,206

1,234,330

1,290,280

552,729524,054575,298

214,962

375,063421,631

Other current liabilities

683,151

530,403721,633

Total Current Liabilities

33,371,985

Corporate taxes payable
Accruedbonusestoemployees
Equipment notes payable

II

Percent％(Liabilities)
I

Amount

※5

※5

33.1

31,055,845

29.7

30,845,629

29.3

Long-term Liabilities
Straight bonds−

5,277,692

5,277,692

Convertible bonds

7,754,000

9,733,000

9,281,000

Long-term bank loans

16,336,000

13,076,000

14,305,000

Long-term accrued
expenses
Accrued employees
retirement benefits
Retirement allowances todirectors and auditors
Total Long-term Liabilities

9,815,725

12,247,643

12,399,361

2,042,323

1,014,536

1,997,795

176,174

273,522

282,426

36,124,223

35.8

41,622,394

39.8

43,543,275

41.3

Total Liabilities

69,496,209

68.9

72,678,240

69.5

74,388,904

70.6(Shareholders’Equity)
I

Common stock※3

8,596,737

8.5

8,596,080

8.2

8,596,737

8.2

IIAdditional paid-in
capital※3

9,720,343

9.6

9,719,689

9.3

9,720,343

9.2

1,372,487

1.4

1,345,262

1.3

1,372,487

1.3

III Legal earned surplus
IV Retained earnings
General reserve
Unappropriatedretained earnings(interim period)
Total other reserves
V Valuation difference onother negotiable
VI securities
Treasury stock

10,350,000

10,350,000

10,350,000

1,314,560

1,145,184

854,814

11,664,560

11.6

11,495,184

11.0

11,204,814

10.6

85,3920.0

727,3230.7

140,5350.1– 1,024

– 0.0

−

−

– 537

– 0.0

Shareholders’Equity

31,438,496

31.1

31,883,538

30.5

31,034,380

29.4

Total Liabilities andShareholders’Equity

100,934,706

100.0

104,561,779

100.0

105,423,285

100.0

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .4

2. Comparative Statements of Income
Period(Unit: Thousands of yen)

Current Fiscal Year
Interim Period(From November 1, 2001 (From November 1, 2000 (From November 1, 2000
to April 30, 2002)
to April 30, 2001)
to October 31, 2001)
AmountPercent
AmountPercent
AmountPercent

Category％I

Prior Fiscal Year
Summary Statement of
IncomePrior Fiscal Year
Interim Period

Operating revenues％％

29,977,659

100.0

31,234,972

100.0

64,295,468

100.0

II Cost of revenues

22,229,722

74.1

23,369,648

74.8

48,872,408

76.0

Gross profit
III Selling, general andadministrative expenses
Operating income
IV Non-operating
revenues
V Non-operating expenses

7,747,936

25.9

7,865,323

25.2

15,423,059

24.0

6,196,875

20.7

6,360,009

20.4

12,651,742

19.7

1,551,060

5.2

1,505,314

4.8

2,771,317

4.3※1

469,757

1.6

826,8212.7

1,191,777

1.8※2314,869

1.1

340,9631.1

668,233

1.0

1,705,948

5.7

1,991,172

6.4

3,294,861

5.1

1,845

0.0

−

−

33,151

0.1

230,4470.8

1,043,013

3.3

2,255,508

3.5

1,477,346

4.9

948,158

3.1

1,072,504

1.7

843,7552.8

1,201,529

3.9

1,854,010

2.9– 115,025–0.4– 762,754– 2.4– 1,299,994– 2.0

748,6162.5

509,382

1.6

518,4880.8

Ordinary income
VI Extraordinary profits
VII Extraordinary losses
Income before taxes andadjustments
Corporate, local andbusiness taxes
Adjustment for corporate
and other taxes
Net income
Profit carry-forward fromprior period
Cash dividends※3565,944635,801

635,801−−

272,250

Additions to legal reserve−−

27,225

Unappropriated retained
earnings

1,314,560

1,145,184

854,814

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .5

3. Notes to the Interim Financial Statements and Significant Accounting Policies(1) Valuation standards and valuation methods for negotiable securities
Subsidiary companies and affiliated companies
・・・Cost method based upon the moving average method
Other negotiable securities
Securities with a market price・・・Market value method based on the market price or similar prices on the interim period closing date
(The full amount of the valuation difference is charged to equity using the direct transfer tocapital method, with the disposal cost determined by the moving average method)
Other negotiable securities
・・・Cost method, cost being determined by the moving average method(2) Appraisal standards and appraisal method for construction equipment
Amount after deduction of depreciation expense calculated according to the declining-balance method fromthe original prices, by separate fiscal year of purchase(Supplemental information)
The Company formerly used 7 years as the depreciable life for floor plate and steel plate. In considerationof the period over which such products can be used physically and economically, however, based upon their
physical condition and customers’intentions to rent, respectively, beginning in the interim period underreview the Company changed the durable life of such products to 10 years based upon a projection of theperiod for their possible use. As a result, during the interim period under review depreciation expense was¥104,640,000 lower, and gross profit, operating income, ordinary income and income before taxes andadjustments were ¥104,640,000 higher, respectively, compared to what they otherwise would have been
had the accounting standards used in previous periods been applied.

(3) Appraisal standards and appraisal method for merchandise inventories and supplies
Merchandise Inventories・・・Lower of cost or market based on the last-in, first-out method
Supplies ・・・・・・・・・・The latest purchase cost method(4) Depreciation method for fixed assets
Tangible fixed assets
The Company has adopted the declining-balance method. Buildings on land that is leased under afixed-term land lease agreement, however, are depreciated using the straight-line method using theremaining period of the fixed-term lease as the depreciable life and zero residual value. The depreciable
lives mainly used by the Company are as follows.
Rental assets
5-10 years
Buildings
31-34 years(Supplemental information)
The Company formerly used 7 years as the depreciable life for temporary rental structures. In
consideration of the period over which such products can be used physically and economically, however,based upon improved product quality and customers’intentions to rent, respectively, beginning in theinterim period under review the Company changed the durable life of such products to 10 years based upona projection of the period for their possible use.
As a result, during the interim period under review depreciation expense was ¥123,550,000 lower, andgross profit, operating income, ordinary income and income before taxes and adjustments were¥123,550,000 higher, respectively, compared to what they otherwise would have been had the accounting
standards used in previous periods been applied.
Intangible fixed assets
Software for use within the Company is depreciated using the straight-line method based on the assumed
useful life for internal use (5 years).

(5) Accounting standards for allowances and reserves
Allowance for doubtful accounts
To provide for losses on doubtful accounts such as accounts receivable, the Company charges to income anamount based on actual loss experience for normal accounts, plus an amount for projected unrecoverable
amounts based on assessments of individual accounts.

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .6

Accrued bonuses to employees
To fully provide for bonuses the Company will pay to employees, the Company appropriates an amount to
the reserve for the interim accounting period liability based upon the estimated amounts of bonuses andsalaries.
Accrued employees retirement benefits
The Company provides for employees’accrued retirement benefits based upon the projected amounts of
the liability for accrued employees retirement benefits and the value of pension assets at the end of the
fiscal year. At the end of each interim accounting period, the Company appropriates an amount to thereserve to provide for the liability recognized during the period.
Retirement allowances to directors and auditors
The Company provides for retirement allowances to directors and auditors based upon pertinent rules andappropriated to the account proportionately based upon length of service.

(6) Lease transactions
For finance lease transactions except for leases that transfer ownership of the property to the lessee, rent
expenses are charged to income as payments are made.

(7) Hedge transactions
a. Hedge transactions
The Company accounts for hedge transactions using allocations based on accounting standards for foreign
currency-denominated transactions, and special rule accounting based on accounting standards forfinancial products.
b. Hedge methods and hedged transactions
The Company uses currency swaps and forward transactions in order to avoid the currency fluctuation
risk related to the Company’s foreign currency-denominated straight bonds and liabilities for import
payments. The Company also uses interest swaps to avoid interest rate fluctuation risk related to intereston bank borrowing.
c. Hedging policies
The Company’s use of derivative transactions is limited to hedging risk within the scope of the Company’sassets and liabilities subject to market fluctuation risk.
d. Method for evaluating the effectiveness of hedges
The Company does not evaluate the effectiveness of its hedge transactions because it can assume that its
currency swap transactions and forward transactions will completely offset market fluctuations orchanges in cash flow from the time hedge begins until it is terminated. In addition, the Company’s interest
swap transactions fulfill the requirements for special rule accounting, and the Company has elected to use
this in place of an evaluation of effectiveness.

(8) Other significant matters for preparation of the interim financial statements
Accounting treatment of consumption tax
Consumption tax is taken out of all Statement of Income items and Balance Sheet items, except mainly forreceivables and payables.

Change in significant matters for preparation of the interim financial statements(Change in accounting treatment)
In prior years the Company accounted for revenue from insurance benefits as insurance benefits in
non-operating revenues whenever it suffered damages to rental assets and equipment utilized underleases as the result of an accident, and accounted for the asset book value as a loss on abandonment of
fixed assets in extraordinary losses and the lease equipment contract cancellation charge as a
miscellaneous loss in non-operating expenses, respectively. Because the purpose of providing equipment
through the rental industry is to fully recover the invested amount from rental income earned by renting
the equipment and it is possible to consider insurance proceeds collected as the result of an accident as arecovery of the invested amount, however, and because revenue from insurance benefits has been
increasing, beginning in the interim period under review the Company changed its accounting treatment
to account for insurance benefits as operating revenues and account for the rental asset book value andlease equipment contract cancellation charge as cost of revenues, in order for these items to correspond tothe cost of earnings.
Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .7

As a result, gross profit and operating income increased by ¥46,038,000, ordinary income decreased by¥31,560,000, and income before taxes and adjustments was unchanged, respectively, compared to what
they otherwise would have been had the accounting standards used in previous periods been applied.
In prior years, the Company accounted for payments of employee housing rents as rental housing fees inselling, general and administrative expenses, and accounted for the employee portion of such expenses asrents received in non-operating revenues. Because the amounts for rental housing fees and rents received
have been increasing with the growth in the number of Company employees, beginning in the interim
period under review the Company changed its accounting method in order to disclose the Company’smaterial burden for housing rental expenses, by excluding the employee portion of employee housing rent
expense from rental housing fees.
As a result, operating income increased by ¥80,512,000 and ordinary income and income before taxes andadjustments were unchanged, respectively, compared to what they otherwise would have been had theaccounting standards used in previous periods been applied.

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .8

(Notes to the Interim Period Balance Sheets)
Category※

Period1.
Total
accumulated
depreciation for tangible
fixed assets

End of Current Fiscal
Year Interim Period(As of April 30, 2002)

End of Prior Fiscal Year End of Prior Fiscal Year
Interim Period(As of April 30, 2001)(As of October 31,2001)¥44,178,826,000¥52,840,200,000¥46,491,403,000¥24,936,000¥26,243,000¥26,839,000¥350,000,000¥350,000,000¥350,000,000※2. Contingent liabilities
Joint
and
severalguarantee
of employeebank loans
Debt guarantee of affiliatedcompany (Active Power
Corporation) loan liability※ 3. Reasons for increase in
number of shares issued

Exercise of new stock Exercise of new stock
subscription rights
subscription rights(Stock options)(Stock options)─────Shares issued: 21,000

Shares issued: 24,000

Issue price per share: ¥437

Issue price per share: ¥437

Amount credited to capital Amount credited to capital※4. Reduction to book value

Amountsforassets¥219

Amountsforassetssurplus:¥219

Amountsforassetsacquired in prior fiscal

acquired in prior fiscal

acquired in prior fiscal

years

years

years

for

which

for

which

for

which

accumulated book values

accumulated book values

accumulated book values

were

were

were

reducedbyreducedbyreducedgovernment subsidies

government subsidies

government subsidies

Machinery &Machinery &Machinery &¥5,044,000

equipmentLand¥5,044,000

equipment¥3,569,000

Total※ 5. Accounting treatment ofnotes maturing at the endof the period

surplus:Land¥8,613,000

─────

¥5,044,000

equipment¥3,569,000

Total

by

¥8,613,000

The interim period-end
wasafinancial
institution holiday inLand¥3,569,000
Total¥8,613,000─────Japan. Notes receivableandpayablethatmatured on that datewere settled on theimmediately following
business day, as iscustomary in Japan.
Notes outstanding forwhich settlement was
postponed and which
are included in theinterim balances wereas follows.
Notes¥2,100,807,000

receivable, tradeNotes

payable,¥1,302,175,000

trade
Equipment¥40,181,000

notes payable

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .9

(Notes to the Interim Period Statements of Income)
PeriodCategory※1. Principal items included in
non-operating revenues

Prior Fiscal Year
Current Fiscal Year
Prior Fiscal Year
SummaryStatement ofInterim Period
Interim Period
Income(From November 1, 2001 (From November 1, 2000
(From November 1, 2000
to April 30, 2002)
to April 30, 2001)
to October 31, 2001)

Interest received¥4,558,000¥18,271,000¥12,939,000

Gain on sale ofinvestment securities
Rents received¥44,506,000¥355,569,000¥370,851,000¥76,979,000¥155,638,000¥316,635,000

Insurance benefits¥28,821,000¥127,103,000¥242,730,000

Gain on redemptionof corporate bonds bypurchase¥44,915,000¥2,457,000¥8,143,000

Cash bonus received¥158,980,000−¥86,487,000¥170,508,000¥218,539,000¥395,076,000¥56,469,000¥65,142,000¥129,290,000¥1,000¥63,000¥68,000※2. Principal items included in
non-operating expenses
Interest expense
Interest on corporate
bonds
New stock issuance
expense※3. Principal items included in
extraordinary losses
Transfer to reserve fora c c r u e d employees
retirement benefits
4.
Depreciation
andamortization
Tangible fixed assets−¥986,560,000¥1,973,120,000¥3,543,088,000¥3,813,457,000¥8,364,121,000

Intangible fixed assets¥5,299,000¥5,950,000¥7,076,000

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .1 0(Lease Transactions)Category

Period Current Fiscal Year Interim
Period(From November 1, 2001
to April 30, 2002)

Prior Fiscal Year Interim
Period(From November 1, 2000
to April 30, 2001)

Prior Fiscal Year Summary
Statement of Income(From November 1, 2000
to October 31, 2001)

1. For finance lease 1. Amounts corresponding to 1. Amounts corresponding to 1. Amounts corresponding totransactions

lease property acquisitionlease property acquisitionlease property acquisition

except leases thatprices,prices,prices,transfer

depreciation

anddepreciation

ownership of theoutstanding balance at theoutstanding

property toend

the end of the fiscal year

the end of the fiscal year

accounting period.

accounting period.

thelessee.

ofaccumulatedthefiscalyear

accounting period.

accumulated
anddepreciation

atoutstanding

Accumulated Outstanding
depreciation
balance
（¥ ‘
000)
（¥ ‘
000)

Acquisition
price
（¥ ‘
000)

Acquisition Accumulated Outstanding
price
depreciation
balance
（¥ ‘
（¥ ‘
（¥ ‘
000)
000）
000)

balanceaccumulated
andbalanceatAcquisition Accumulated Outstanding
price
depreciation
balance
（¥ ‘
000)
（¥ ‘
000)
(¥ ‘
000)

Rentalassets17,259,295

7,665,928

9,593,367

Rentalassets13,230,516

5,871,914

7,358,602

Rentalassets14,030,856

6,820,861

7,209,995

Otherassets545,230

323,132

222,097

Other
assets712,165

328,640

383,525

Other
assets623,113306,423

316,689

Total

17,804,525

7,989,061

9,815,464

Total

13,942,682

6,200,554

7,742,127

Total

14,653,970

7,127,285

7,526,684

2.

Outstandingbalanceof2.

Outstandingbalanceof2.

Outstandingbalanceoffuture lease payments at

future lease payments at

future lease payments at

the

the

the

end

of

the

interim

end

of

the

interimWithin one year

¥3,348,085,000

Withinoftheinterimperiodperiodperiodend

one¥2,468,167,000

Within one year ¥2,893,595,000

year
After one year

¥6,620,667,000

After one year

¥5,419,681,000

After one year

¥4,787,601,000

Total¥9,968,753,000

Total¥7,887,849,000

Total¥7,681,197,000

3. Amount of lease payments,
depreciation

expense3. Amount of lease payments,
depreciation

anddepreciation

andexpenseandinterest expenseinterest expenseinterest expense

4.

expense3. Amount of lease payments,

Lease payments ¥1,571,168,000

Lease payments¥1,350,791,000

Lease payments¥2,717,322,000

Depreciation expense ¥1,413,766,000

Depreciation expense¥1,233,926,000

Depreciation expense¥2,471,800,000

Interest expense¥136,375,000Interest expense¥123,314,000Interest expense¥252,179,000

methodfor4.

methodfor4.

equivalenttoequivalenttoAccounting
amountdepreciation expense
Straight-line

Accounting
amountdepreciation

Accounting
amountmethodforequivalenttodepreciation expensedepreciation expense

Same as at left

Same as at left

using the lease term as thedepreciable life and zero
residual value.
5.

Accounting

methodforamountequivalent

tointerest expense
betweenAccounting

methodforamountequivalent

tointerest expense

Interest method using thedifference

5.

Same as at left

5.

Accounting

methodforamountequivalent

tointerest expense
Same as at left

total

lease payments and theacquisition price of thelease property, allocatedequally to each year.

Summary of Company Interim Financial Statements, FY ending October 31, 2002
P .1 12. Operating leases

Future lease payments
Within one year

¥1,616,353,000

Future lease payments
Withinone¥1,427,854,000

year

Future lease payments
Withinone¥1,680,658,000

year

After one year

¥2,783,375,000

After one year

¥3,386,803,000

After one year

¥2,837,561,000

Total¥4,399,728,000

Total¥4,814,658,000

Total¥4,518,220,000(Negotiable Securities)
The notes concerning the market price of negotiable securities for the prior consolidated fiscal year interim period,
the consolidated fiscal year interim period under review and the financial statements for the prior consolidated
fiscal year (excluding securities of subsidiary companies and affiliated companies that have a market price) arepart of the notes to the interim period consolidated financial statements. For the prior fiscal year interim period,
the fiscal year interim period under review and the prior fiscal year, the Company’s subsidiary companies andaffiliated companies did not have any securities that have a market price.

Summary of Company Interim Financial Statements, FY ending October 31, 2002
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