ACCOUNTS FOR THE 43RD FISCAL TERM


FROM 1 APRIL 1998
TO 31 MARCH 1999
NITTO KOHKI CO.,LTD.

BALANCESHEET

AS AT 31 MARCH 1999

(In thousands Japanese yen)
ASSETS LIABILITIES and SHAREHOLDERS' EQUITY
account title amount account title amount
CURRENT ASSETS 23,029,803 CURRENT LIABILITIES 2,285,888
Cash & Deposits 11,788,609 Notes Payable, Trade 542,168
Notes Receivable, Trade 3,806,786 Accounts Payable, Trade 716,518
Accounts Receivable, Trade 3,337,268 Accounts Payable, Other 158,173
Marketable Securities 248,627 Accrued Expenses Other 354,644
Finished Goods 1,463,529 Deposits Received 57,091
Raw Material 1,229,580 Accrued Bonuses 444,000
Work in Progress 154,750 Other Current Liabilities 13,290
Advance Payments 14,566

Prepaid Expenses 42,849

Income Taxes Refundable 775,459

Other Current Assets 213,877

Allowance for Doubtful Accounts -46,100

FIXED ASSETS 10,822,556 LONG-TERM LIABILITIES 703,903
Tangible Fixed Assets 6,804,845 Reserve for Retirement Allowances 416,361
Buildings 2,719,534 Board of Directors'
Structures 154,756 Retirement Allowances 188,455
Machinery & Equipment 610,789 Other Long-term Liabilities 99,086
Automotive Equipment 15,341

Tools, Furniture, Fixtures and Other 612,199

Land 2,662,710 TOTAL LIABILITIES 2,989,791
Construction in Progress 29,514

Intangible Fixed Assets 16,498 SHAREHOLDERS' EQUITY 30,862,569
Patent Rights 443 Common Stock 1,850,324
Trade-mark Rights 431 Legal Surplus 2,287,756
Other Intangible Fixed Assets 15,623 Legal Capital Surplus 1,925,531
Investments and Other Assets 4,001,212 Retained Earnings Surplus 362,224
Investments in Securities 943,022 Earned Surplus 26,724,488
Investments in Affiliates 1,392,410 Reserve for Equalization of Dividents 220,000
Treasury Stock 64,175 Reserve for Deferred Income
Long-term Loans 592,200 Tax for Fixed Assets 112,710
Long-term prepaid expenses 60,809 General Reserve 25,887,299
Guaranty Deposits 101,078 Unappropriated Retained Earnings 504,478
Accumulated Funds of Insurance 611,181 (net income) (708,357)
Other Investments 240,334

Allowance for Doubtful Accounts
-4,000

TOTAL ASSETS 33,852,360 TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY
33,852,360


PROFIT AND LOSS STATEMENT

FROM : 1 APRIL 1998
TO : 31 MARCH 1999

(In thousands Japanese yen)
account title amount
ORDINARY INCOME AND EXPENSES

Operating Income and Expenses

Operating Income

Net Sales
17,034,848
Operating Expenses

Cost of Sales 10,188,804
Selling, General and Admin. expenses 5,896,916 16,085,720
Operating income
949,127
Non-operating income and expenses

Non-operating Income

Interest and Dividends Received 285,238
Other Non-operating Income 58,697 343,936
Non-operating Expenses

Loss on Valuation of Marketable Securities 51,533
Sales Discounts 59,414
Other Non-operating Expenses 72,066 183,014
Ordinary Income
1,110,049
EXTRAORDINARY INCOME AND EXPENSES

Extraordinary Income

Reversal of Allowance for Doubtful Accounts 28,300
Reversal of Reserve for Retirement

Allowances 24,050
Other Extraordinary Income 24,263 76,614
Extraordinary Losses

Loss on Valuation of Treasury Stock 82,888
Loss on Sales of Treasury Stock 38,225
Other Extraordinary Expenses 30,000 151,115
Income before Income Taxes
1,035,548
Income Taxes
327,190
Net Income
708,357
Unappropriated Retained Earnings
Brought Forward

503,616
Interim Dividend
256,786
Redemption of Treasury Stock
425,030
Retained Earnings Surplus
25,678
Unappropriated Retained Earnings
504,478


STATEMENT OF APPROPRIATIONS

(In Japanese yen)
account title amount
Unappropriated retained earnings
504,478,597
Reversal of General Reserve
25,887,299,000
Appropriation of retained earnings

Retained Earnings Surplus 26,000,000
Dividends 252,525,330
Ordinary Dividend of ¥ 10 per share

Reserve for Interim Dividend 278,000,000
Reserve for Treasury Stock Redemption 3,750,000,000
General Reserve 22,000,000,000 26,306,525,330
Retained earnings carried forward
to the next year


85,252,267


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