Consolidated Statements of Shareholders’ Equity Chiyoda Corporation and Consolidated Subsidiaries Years Ended March 31, 2003 and 2002 See notes to consolidated financial statements. 30 BALANCE, APRIL 1, 2001 ..................................... 185,429 ¥ 12,028 ¥ 29,473 ¥ (26,289) ¥ (178) ¥ (11) Transfer to accumulated deficit (Note 10) .......... (23,654) 23,654 Increase in accumulated deficit for decrease  in consolidated subsidiaries............................. (3) Net income........................................................ 121 Decrease in treasury stock (10,040 shares) ......... 5 Net increase in unrealized loss on available -for-sale securities ........................................... ¥ (1) Net decrease in foreign currency translation  adjustments.................................................... (42) BALANCE, MARCH 31, 2002 ............................... 185,429 12,028 5,819 (2,517) (1) (220) (6) Decrease in accumulated deficit due to increase in associated companies accounted for by equity method.... 20 Net income........................................................ 2,000 Increase in treasury stock (188,819 shares) ........ (42) Net increase in unrealized gain on available -for-sale securities ........................................... 11 Net decrease in foreign currency translation  adjustments.................................................... (422) BALANCE, MARCH 31, 2003 ............................... 185,429 ¥ 12,028 ¥ 5,819 ¥ (497) ¥ 10 ¥ (642) ¥ (48) Thousands Shares of Common Stock Millions of Yen Common Stock Additional Paid-in Capital Accumulated Deficit Foreign Currency Translation Adjustments Unrealized Loss on Available-for-sale Securities Treasury Stock BALANCE, MARCH 31, 2002 .................................................. $ 100,233 $ 48,492 $ (20,975) $ (8) $(1,833) $ (50) Decrease in accumulated deficit due to increase in  associated companies accounted for by equity method............... 166 Net income ........................................................................... 16,667 Increase in treasury stock (188,819 shares)............................ (350) Net increase in unrealized gain on available-for-sale securities.... 91 Net decrease in foreign currency translation adjustments ...... (3,517) BALANCE, MARCH 31, 2003 .................................................. $ 100,233 $ 48,492 $ (4,142) $ 83 $(5,350) $ (400) Thousands of U.S. Dollars (Note 1) Common Stock Additional Paid-in Capital Accumulated Deficit Foreign Currency Translation Adjustments Unrealized Loss on Available-for-sale Securities Treasury Stock