Posted on August 18, 1998

ACCOUNTS FOR THE 42ND FISCAL TERM

FROM 1 APRIL 1997
TO 31 MARCH 1998
NITTO KOHKI CO.,LTD.

BALANCE SHEET

AS AT 31 MARCH 1998

(In thousands Japanese yen)
ASSETS
 LIABILITIES and SHAREHOLDERS' EQUITY
account title amount account title amount
CURRENT ASSETS 25,238,853 CURRENT LIABILITIES 4,234,786
 Cash & Deposits 12,620,835  Notes Payable, Trade 1,106,835
 Notes Receivable, Trade 5,090,544  Accounts Payable, Trade 973,209
 Accounts Receivable, Trade 4,596,893  Accounts Payable, Other 333,890
 Marketable Securities 160,393  Accrued Income Taxes 775,000
 Finished Goods 1,180,603  Accrued Enterprises Taxes 235,926
 Raw Material 1,347,459  Accrued Expenses Other 302,275
 Work in Progress 160,942  Deposits Received 53,589
 Advance Payments 18,005  Accrued Bonuses 454,000
 Prepaid Expenses 31,766  Other Current Liabilities 59
 Other Current Assets 107,810   　
 Allowance for Doubtful Accounts -76,400   　
FIXED ASSETS 10,990,167 LONG-TERM LIABILITIES 715,666
 Tangible Fixed Assets 7,138,428 Reserve for Retirement Allowances 403,406
 Buildings 2,837,463 Board of Directors' Retirement Allowances 213,673
 Structures 179,112 Other Long-term Liabilities 98,586
 Machinery & Equipment 620,021 　 　
 Automotive Equipment 22,518 　 　
 Tools, Furniture, Fixtures and Other 672,962 　 　
 Land 2,664,371 TOTAL LIABILITIES 4,950,453
 Construction in Progress 141,979 　 　
 Intangible Fixed Assets 23,275 SHAREHOLDERS' EQUITY 31,278,568
 Patent Rights 3,062 Common Stock 1,850,324
 Trade-mark Rights 5,420 Legal Surplus 2,217,077
 Other Intangible Fixed Assets 14,792 Legal Capital Surplus 1,925,531
 Investments and Other Assets 3,828,463 Retained Earnings Surplus 291,546
 Investments in Securities 1,069,818 Earned Surplus 27,211,166
 Investments in Affiliates 1,264,551 Reserve for Equalization of Dividents 220,000
 Treasury Stock 215,379 Reserve for Deferred Income Tax for Fixed Assets 92,351
 Long-term Loans 265,359 General Reserve 24,687,299
 Long-term prepaid expenses 58,534 Unappropriated Retained Earnings 2,211,515
 Guaranty Deposits 101,347 (net income) (2,202,227)
 Accumulated Funds of Insurance 615,639 　 　
 Other Investments 239,834 　 　
 Allowance for Doubtful Accounts -2,000 　 　
 TOTAL ASSETS 36,229,021 TOTAL LIABILITIES
AND SHAREHOLDERS' EQUITY		 36,229,021


PROFIT AND LOSS STATEMENT

FROM : 1 APRIL 1997
TO : 31 MARCH 1998

(In thousands Japanese yen)
account title amount
 ORDINARY INCOME AND EXPENSES 　 　
 Operating Income and Expenses 　 　
 Operating Income 　 　
 .Net Sales 　 22,727,388
 Operating Expenses 　 　
 .Cost of Sales 12,519,629 　
 .Selling, General and Admin. expenses 6,547,780 19,067,409
 Operating income 　 3,659,979
 Non-operating income and expenses 　 　
 Non-operating Income 　 　
 .Interest and Dividends Received 382,144 　
 .Other Non-operating Income 96,672 478,817
 Non-operating Expenses 　 　
 .Loss on Valuation of Marketable Securities 82,066 　
 .Sales Discounts 78,095 　
 .Other Non-operating Expenses 63,716 223,878
 Ordinary Income 　 3,914,918
 EXTRAORDINARY INCOME AND EXPENSES 　 　
 Extraordinary Income 　 　
 Gain on Sales of Fixed Assets 33,988 　
 .Reversal of Reserve for Retirement Allowances 24,050 58,038
 Extraordinary Losses 　 　
 .Loss on Retirement of Fixed Assets 37,276 37,276
 Income before Income Taxes 　 3,935,680
 Income Taxes 　 1,733,452
 Net Income 　 2,202,227
 Unappropriated Retained Earnings Brought Forward 　 244,490
 Interim Divident 　 213,820
 Retained Earnings Surplus 　 21,382
 Unappropriated Retained Earnings 　 2,211,515


STATEMENT OF APPROPRIATIONS

(In Japanese yen)
 account title amount
 Unappropriated retained earnings 　 2,211,515,871
 Appropriation of retained earnings 　 　
 Retained Earnings Surplus 45,000,000 　
 Dividends 427,639,760 　
 .Ordinary Dividend of 15yen per share 　 　
 .Commemorative Dividend of 5yen per share for TSE registration 　 　
 Directors' bonus 14,900,000 　
 Reserve for deffered income tax for fixed assets 20,359,200 　
 General reserve 1,200,000,000 　
 Total 　 1,707,898,960
 Retained earnings carried forward to the next year 　 503,616,911


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