18. SUBSEQUENT EVENT 19. SEGMENT INFORMATION The following proposed disposition of the accumulated deficit of the Company at March 31, 2003, was approved at the general shareholders meeting held on June 25, 2003: Accumulated deficit to be carried forward ........................................................................ ¥ 4,605 $ 38,375 Millions of Yen Thousands of U.S. Dollars Information about foreign operations and sales to foreign cus- tomers of the Company and consolidated subsidiaries for the years ended March 31, 2003 and 2002, was as follows: (1) Foreign Operations Year Ended March 31, 2003 Construction contract revenue: Outside customers ............. ¥ 160,526 ¥ 5,659 ¥ 48 ¥ 134 ¥ 166,367 ¥ 166,367 Intersegment ..................... 25,163 624 200 42 26,029 ¥ (26,029) Total ......................... 185,689 6,283 248 176 192,396 (26,029) 166,367 Operating expenses ............... 183,426 6,473 250 200 ¥ 14 190,363 (25,544) 164,819 Operating income (loss) ......... ¥ 2,263 ¥ (190) ¥ (2) ¥ (24) ¥ (14) ¥ 2,033 ¥ (485) 1,548 Other income and expenses — net 961 Income before income taxes  and minority interests ......... ¥ 2,509 Assets.................................... ¥ 126,246 ¥ 7,446 ¥ 216 ¥ 636 ¥ 160 ¥ 134,704 ¥ (14,407) ¥ 120,297 Millions of Yen Japan Asia Europe North America Other Subtotal Eliminations (Corporate) Consolidated Year Ended March 31, 2003 Construction contract revenue: Outside customers ............. $1,337,717 $47,158 $ 400 $ 1,117 $ 1,386,392 $ 1,386,392 Intersegment ..................... 209,691 5,200 1,667 350 216,908 $ (216,908) Total ......................... 1,547,408 52,358 2,067 1,467 1,603,300 (216,908) 1,386,392 Operating expenses ............... 1,528,550 53,942 2,083 1,667 $ 116 1,586,358 (212,866) 1,373,492 Operating income (loss) ......... $ 18,858 $(1,584) $ (16) $ (200) $ (116) $ 16,942 $ (4,042) 12,900 Other income and expenses — net 8,008 Income before income taxes  and minority interests ......... $ 20,908 Assets.................................... $1,052,050 $62,050 $ 1,800 $ 5,300 $ 1,333 $ 1,122,533 $ (120,058) $ 1,002,475 Thousands of U.S. Dollars Japan Asia Europe North America Other Subtotal Eliminations (Corporate) Consolidated Year Ended March 31, 2002 Construction contract revenue: Outside customers ............. ¥ 132,864 ¥ 8,113 ¥ 13 ¥ 397 ¥ 141,387 ¥ 141,387 Intersegment ..................... 21,912 521 235 13 22,681 ¥ (22,681) Total ......................... 154,776 8,634 248 410 164,068 (22,681) 141,387 Operating expenses ............... 160,423 8,291 251 576 ¥ 26 169,567 (22,978) 146,589 Operating income (loss) ......... ¥ (5,647) ¥ 343 ¥ (3) ¥ (166) ¥ (26) ¥ (5,499) ¥ 297 (5,202) Other income and expenses — net 7,063 Income before income taxes  and minority interests ......... ¥ 1,861 Assets.................................... ¥ 131,266 ¥ 8,170 ¥ 179 ¥ 100 ¥ 206 ¥ 139,921 ¥ (10,607) ¥ 129,314 Millions of Yen Japan Asia Europe North America Other Subtotal Eliminations (Corporate) Consolidated 42