Press Release Back Number(2001)

The medium-term financial targets

January 23, 2001

We have set various business targets to enable us to achieve our business goals and to keep operations moving forward at the leading edge of a highly competitive field. Our medium-term financial target, among other targets has just been reviewed, with a view to setting as high a benchmark as possible, within the context of an overall increase in financial strength of the corporation.

1. Sales

New target 2 trillion yen or more per year, on average, calculated based on the three-year period from 2001 to 2003
Old target 2.05 trillion yen or more per year, on average, calculated based on the three-year period from 1999 to 2001
Actual As of March, 2000: 2.1155 trillion yen (fiscal year 1999)

2. Ordinary Profit

New target 150 billion yen or more per year, on average, calculated based on the three-year period from 2001 to 2003
Old target 120 billion yen or more per year, on average, for the three-year period from 1999 to 2001
Actual As of March, 2000: 126.3 billion yen (fiscal year 1999)

3. Return on Assets (ROA)

New target 1.5% or more per year, on average, calculated based on the three-year period from 2001 to 2003
Old target 1.2% or more per year, on average, for the three-year period from 1999 to 2001
Actual As of March, 2000: 1.3% (at the end of fiscal year 1999)

4. Outstanding Liabilities with interest payable

New target 3.6 trillion yen or less by the end of fiscal year 2005
Old target 4 trillion yen or less by the end of fiscal year 2004
Actual As of March, 2000: 4.378 trillion (at the end of fiscal year 1999)

5. Equity Ratio

New target 20% or more by the end of fiscal year 2002
Old target 20% or more by the end of fiscal year 2004
Actual As of March, 2000: 16.8% (at the end of fiscal year 1999)