June 4, 2001
36th Account Settlement (April 2000~March 2001)
Statements of Income (Non-Consolidated)Year ended March 312001

Yen

U.S.$ thousands

Millions

Increase/2000(Decrease)

Yen

Yen

Millions

Millions

ORDINARY ITEMS
Operating Income
Net sales

155,571

1,255,617

108,105

47,466

46,772

377,497

49,563(2,791)

3,003

24,237

3,247(244)105,794

853,866

55,29450,5002,042

16,481

1,989

53

Dividend income

659

5,318

1,093(434)Miscellaneous income

94758

201(107)--8(8)--590(590)

Operating Expenses
Cost of sales
Selling, general andadministrative expenses
Operating Income (Loss)

Non-Operating Income
Interest and gain on sales ofsecurities

Non-Operating Expenses
Interest expenses
Loss on devaluation ofsecurities

1Provision for allowance for

9,246

74,624-

9,246

Exchange losses

295

2,380

-

295

Miscellaneous expenses

125

1,008

83

42

Non-Operating Income (Loss)(6,870)(55,447)

2,602(9,472)

ORDINARY INCOME (LOSS)

98,924

798,418

57,89741,027

-

-

3,752

(3,752)--

4,286(4,286)

12,559101,364-

12,55986,365

697,054

49,85836,507

Current

59,713481,945

29,96029,753

Deferred(830)(6,698)

(75)

(755)

27,481

221,799

19,973

7,508

46,641.88

376.4433,899.25

12,742.63

investments in exploration

EXTRAORDINARY GAIN OR
CHARGES
Extraordinary Charges
Exchange loss
Provision for allowance forinvestments in exploration
Loss on devaluation of land

INCOME (LOSS) BEFOREINCOME TAXES

Income taxes expenses (benefit)

NET INCOME (LOSS)

Earnings per share2Remarks
1. In millions of Yen and thousands of U.S. Dollars, except per share figures.
2. U.S. dollar amounts for information purpose only have been translated fromyen at the rate of U.S.$1 = Yen 123.90.
3. From this fiscal year ended March 31, 2001, exchange gain and loss andprovision for allowance for investments in exploration have been presented
under Non-Operating Items. Due to this change, Ordinary Income(Loss) wasdecreased by 9,541 million yen but there is no effect to Net Income (Loss).

Balance Sheet (Non-Consolidated)Year ended March 31

2001

Yen
Millions

Increase/

2000

U.S.$ thousands(Decrease)

YenYenMillions

Millions

ASSETS
CURRENT ASSETS
Cash and time deposits

13,681

110,419

5,002

8,679

Accounts receivable - trade

6,583

53,131

6,065

518

Marketable securities

46,650376,51384,428(37,778)

Deferred tax assets

26

209

45

(19)

Other current assets

941

7,594

2,086

(1,145)

(50)

(403)

(27)

(23)

67,833

547,481

97,601(29,768)

Less allowance for doubtful
accounts
TOTAL CURRENT ASSETSFIXED ASSETS

3

11,158

90,05624,333(13,175)

70

564

81

(11)

Investment securities

93,726756,464

34,19259,534

Investments in subsidiaries

23,633

190,742

14,695

8,938

Long-term loans receivable

8,460

68,280

2,330

6,130

56,721

457,796

62,850(6,129)Deferred tax assets

1,985

16,0201,175

810

Other investments

1,407

11,355

1,730

(323)

(61)

(492)

(38)

(23)

(38,737)(312,647)(40,067)

1,330

147,135

1,187,530

76,86970,266TOTAL FIXED ASSETS

158,364

1,278,159

101,284

57,080TOTAL ASSETS

226,198

1,825,649

198,886

27,312CURRENT LIABILITIES

11,79995,23012,070(271)

LONG-TERM LIABILITIES

6,062

48,926

1,191

4,871

TANGIBLE FIXED ASSETSINTANGIBLE FIXED ASSETSINVESTMENT AND OTHERASSETS

Investments inPERTAMINA

Less allowance for doubtful
accounts
Less allowance forinvestments in exploration
TOTAL INVESTMENTS AND
OTHER ASSETSLIABILITIES AND
STOCKHOLDERS’STOCKHOLDERS’ EQUITYSTOCKHOLDERS’ EQUITY
4Paid-in capital (¥50,000 parvalue)
Legal reserve

29,460237,772

29,460-7,365

59,4437,365-

139,418

1,125,246

124,218

15,2001,500

12,1061,500-

1,000

8,071

1,000-

28,385229,096

22,0806,305

170,303

1,374,519

148,798

21,505

1,207

9,741-

1,207

208,336

1,681,485

185,623

22,713

226,198

1,825,649

198,886

27,312Retained earnings
General reserve
Reserve for dividend
payment
Reserve for exchange rate
fluctuations
Unappropriated retainedearnings including net
income for the year
Total retained earnings
Unrealized holding gain onother securities
TOTAL STOCKHOLDER’S
EQUITYTOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY

Remarks
1. Accumulateive depreciation amounted to Yen 1,520 milion (U.S.$ 12,267
thousands).
2. In millions of Yen and thousands of U.S. Dollars, except per share figures.
3. U.S. dollar amounts for information purpose only have been translated fromyen at the rate of U.S.$1 = Yen 123.90.

5