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                                                                     Exhibit 1.4

                                 (Translation)


                      REGULATIONS OF THE BOARD OF AUDITORS


Article 1  (Purpose)

    These Regulations of The Board of Auditors are prescribed in order to
    provide for the important items regarding the organization of the Board of
    Auditors, the method to administer the same and the matters to be determined
    by the same, pursuant to the Law Regarding Exceptions of the Commercial Code
    with respect to Audits, etc. of Limited Liability Companies (Kabushiki
    Kaisha) and Article 34 of the Articles of Incorporation of the Company, for
    the purpose of facilitation of the administration of the Board of Auditors.

Article 2  (Organization)

    The Board of Auditors shall consist of all Statutory Auditors ("Auditors")
    including full-time and part-time Auditors.

Article 3  (Convocation)

    1.    A meeting of the Board of Auditors shall be held once three months in
          principle.

    2.    Any Auditor may convene a meeting of the Board of Auditors; provided,
          however, that the Board of Auditors may in advance specify the Auditor
          to convene the same, in which case any Auditor may at any time request
          such specified Auditor (the "Convener Auditor") to convene the same.

    3.    The Convener Auditor shall convene a meeting of the Board of Auditors
          when he deems it necessary to convene the same in order to handle the
          matters referred to under Articles 5 through 7 or any other matters.

    4.    The convening person shall give each Auditor notice of convocation
          of a meeting of the Board of Auditors at least three (3) days prior to
          the date of such meeting.

    5.    In case unanimous consent is given by all Auditors, a meeting of the
          Board of Auditors may be held without the convocation procedures.

Article 4  (Chairman)

    The person who convenes a meeting of the Board of Auditors pursuant to
    Article 3 shall act as chairman of the Board of Auditors.

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Article 5  (Matters to be Resolved)

    1.  The following matters shall be resolved at the meeting of the Board of
        Auditors:

        (1)  The policy of the audit and the allotment of roles among the
             Auditors, with respect to the relevant fiscal year;

        (2)  Approval of the bill to submitted to the shareholders' meeting to
             elect, not to renew the term of office of, or to dismiss, an
             auditor who is a public certified accountant (kaikei-kansa-nin);

        (3)  Request to propose as a purpose of the shareholders' meeting the
             election of, the non-renewal of the term of the office of, or the
             dismissal of, an auditor who is a public certified accountant
             (kaikei-kansa-nin);

        (4)  Request to submit to the shareholders' meeting a bill to elect an
             auditor who is a public certified accountant (kaikei-kansa-nin);
             and

        (5)  Election of a person who shall act as temporary auditor who is a
             public certified accountant (kaikei-kansa-nin), in the event that
             an auditor who is a public certified accountant (kaikei-kansa-nin)
             cannot act as such.

    2.  A meeting of the Board of Auditors shall be effective when a majority of
        all the Auditors are present and a resolution shall be adopted by a
        majority of the Auditors present; provided, however, that the dismissal
        referred to under item 3 of the preceding paragraph shall be effective
        by a unanimous resolution by all Auditors, in which case, the Auditor to
        be appointed by the Board of Auditors shall explain the reason for such
        dismissal to the shareholders' meeting that is held immediately after
        such dismissal.

Article 6  (Auditors and the Board of Auditors)

    1.  Each Auditor shall report to the Board of Auditors the status of the
        performance of his duties from time to time, and, if requested by the
        Board of Auditors, report the same thereto at any time.

    2.  When the Auditor referred to under Article 7, paragraph 2 completes the
        review of the audit report by the auditor who is a public certified
        accountant (kaikei-kansa-nin) or completes other audits, he shall report
        to the Board of Auditors the following matters:

        (1)  If such Auditor deems the method or the result of the audit
             conducted by the auditor who is a public certified accountant
             (kaikei-kansa-nin) in appropriate, the reason therefor and the
             summary of the method of, or the result of, the audit by the said
             Auditor;

        (2)  The summary of the method of the audit in relation to matters
             other than accounting matters; and

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        (3)  The matters referred to under Article 281-3, paragraph 2, items 6
             and 8 through 11 of the Commercial Code (in terms of items 6 and
             9 of such paragraph, only the matters other than accounting
             matters).

    3.  At meetings of the Board of Auditors, Auditors may discuss the
        performance of duties of Auditors.

    4.  At meetings of the Board of Auditors, Auditors may request for
        assistance by other Auditors in relation to the performance of their
        duties.

    5.  At meetings of the Board of Auditors, Auditors may express their
        opinions regarding the status from time to time of audits.

Article 6  (Businesses of the Board of Auditors)

    1.  The Board of Auditors shall:

        (1)  receive reports from the auditor who is a public certified
             accountant (kaikei-kansa-nin);

        (2)  receive financial statements and the detailed attachments thereto
             (fuzoku-meisai-sho) from Directors or liquidators;

        (3)  receive an audit report from the auditor who is a public certified
             accountant (kaikei-kansa-nin);

        (4)  receive from Auditors a report on the result of review on the audit
             report by the auditor who is a public certified accountant (kaikei-
             kansa-nin);

        (5)  receive reports from Auditors on the status of performance of their
             duties; and

        (6)  receive reports from Directors.

    2.   The matters referred to under items (2) and (3) of the preceding
         paragraph shall be handled by full-time Auditors and such shall be
         submitted to the meeting of the Board of Auditors without delay.

Article 8  (Preparation of Audit Report)

    1.  Full-time Auditors shall prepare audit reports after the completion of
        the businesses referred to under Article 7 and such audit reports shall
        be submitted to the meeting of the Board of Auditors without delay.

    2.  At the meeting of the Board of Auditors referred to under the preceding
        paragraph, each Auditor shall express his opinion on what description
        should be made on the audit report, and such shall be discussed among
        them.

    3.  After the discussion referred to under the preceding paragraph, if there
        is an opinion that differs from the original draft, then such opinion
        shall be affixed, and if the opinion of the majority differs from the
        original draft, then such differing opinion shall be the report and the
        other opinions shall be affixed thereto.

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    4.  Each Auditor shall affix his name and seal to the audit report, and the
        full-time auditors shall describe such effect thereon.  If there is any
        opinion to be affixed, the holder of such opinion shall affix his name
        and seal following the description of such opinion.

    5.  Audit reports shall be submitted by the full-time Auditors to the
        Directors within one (1) week after the receipt of the audit reports of
        the auditor who is a public certified accountant (kaikei-kansa-nin).

Article 9  (Minutes)

    1.  Audit The substance of the proceedings at a meeting of the Board of
        Auditors and the results thereof shall be recorded in the minutes, and
        the Auditors present thereat shall affix their names and seals thereto.

    2.  The minutes of the Board of Auditors shall be kept for custody by the
        General Affairs and Personnel Division of the Company.

    3.  The shareholders of the Company may inspect or obtain copies of the
        minutes of the Board of Auditors with approval by court.

Article 10  (Clerical Matters of the Board of Auditors)

    Clerical matters relating to the convocation and the preparation of the
    minutes of the meetings of the Board of Auditors and other similar matters
    shall be handled by the full-time Auditors.

Article 11  (Abolishment and Amendments)

    The abolishment of and any amendments to these Regulations shall be
    determined by the Board of Auditors.


SUPPLEMENTARY PROVISION

These Regulations shall become effective on June 15, 2000

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