This plan provides for granting options to directors and key employees to purchase up to 92 thou- sand shares of the Company’s common stock, or ¥300 million, in the period from July 1, 2003 to June 30, 2007. The options will be granted at an exercise price of 105% of the fair market value of the Company’s common stock at the date of option grant.  Corporate assets consist principally of the Company’s cash, time deposits, short-term invest- ments and investment securities.  Notes: Air Conditioning consists of air conditioning and refrigeration equipment, electronics, vacuums and cryogenics and medical equipment. Chemicals consists of fluorochemicals. Others consists of oil hydraulics and defense. CORPORATE DATA FINANCIAL SECTION REVIEW OF OPERATIONS 39 MANAGEMENT PERSPECTIVE TOPICS Millions of yen Air  March 31, 2001 Conditioning Chemicals Others Corporate Consolidated Assets.............................................. ¥266,617 ¥89,517 ¥28,708 ¥68,300 ¥453,142 Depreciation ..................................... 9,839 8,735 862 19,436 Capital expenditures.......................... 9,961 14,372 2,819 27,152 Millions of yen Air  March 31, 2000 Conditioning Chemicals Others Corporate Consolidated Assets.............................................. ¥252,469 ¥81,125 ¥29,751 ¥67,664 ¥431,009 Depreciation ..................................... 10,392 7,702 1,003 19,097 Capital expenditures.......................... 7,838 8,238 628 16,704 Millions of yen Air  For the year ended March 31, 2001 Conditioning Chemicals Others Eliminations Consolidated Sales to customers ............................... ¥401,192 ¥96,188 ¥34,528 ¥ 0,0— ¥531,908 Intersegment sales................................ 656 1,476 3 (2,135) Total sales........................................ 401,848 97,664 34,531 (2,135) 531,908 Operating expenses............................... 377,393 81,709 35,129 (2,137) 492,094 Operating income (loss) ..................... ¥024,455 ¥15,955 ¥ 0,(598) ¥0,002 ¥039,814 Millions of yen Air  For the year ended March 31, 2000 Conditioning Chemicals Others Eliminations Consolidated Sales to customers ............................... ¥344,213 ¥81,957 ¥36,899 ¥ 00, — ¥463,069 Intersegment sales................................ 28 1,035 2 (1,065) Total sales........................................ 344,241 82,992 36,901 (1,065) 463,069 Operating expenses............................... 330,749 70,951 36,546 (1,065) 437,181 Operating income .............................. ¥013,492 ¥12,041 ¥00,355 ¥ 00, — ¥025,888 (1) Industry Segments Information about operations in different industry segments, foreign operations and sales to foreign customers of the Group for the years ended March 31, 2001 and 2000 is as follows: 15. Segment Information Stock Option Plan FINANCIAL HIGHLIGHTS a. Sales and Operating Income b. Assets, Depreciation and Capital Expenditures