Consolidated Statements of Operations The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 26 U.S. Dollars Yen (thousands) (millions) (Note 3) Years ended March 31 1998 1999 2000 2000 Net sales ¥4,985,382 ¥5,242,986 ¥5,255,102 $49,576,434 Operating costs and expenses: Cost of sales 3,518,821 3,776,886 3,796,919 35,819,991 Selling, general and administrative expenses (Note 18) 1,289,208 1,333,813 1,308,209 12,341,594 4,808,029 5,110,699 5,105,128 48,161,585 Operating income 177,353 132,287 149,974 1,414,849 Other income (expenses): Interest and dividend income 12,760 12,499 12,583 118,708 Equity in earnings of affiliates, net 18,964 22,475 17,025 160,613 Interest charges (56,615) (58,240) (49,505) (467,028) Other, net (Note 18) (28,607) (59,396) (55,220) (520,944) (53,498) (82,662) (75,117) (708,651) Income before income taxes and minority interests 123,855 49,625 74,857 706,198 Income taxes (Note 11) : Current 111,220 57,588 65,595 618,821 Deferred (2,670) (2,909) (37,216) (351,095) 108,550 54,679 28,379 267,726 Income (loss) before minority interests 15,305 (5,054) 46,478 438,472 Minority interests in income of consolidated subsidiaries (9,718) (8,584) (3,744) (35,321) Net income (loss) ¥ 5,587 ¥ (13,638) ¥ 42,734 $ 403,151 U.S. Dollars Yen (Note 3) Amounts per share of common stock: Basic earnings (loss) (Note 17) ¥ 3.0 ¥(7.3) ¥22.1 $0.208 Diluted earnings (Note 17) 3.0 — 21.5 0.202 Cash dividends 10.0 10.0 10.0 0.094