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3 Group performance highlights

Cash flow from operating activities 40 billion yen or more Interest coverage ratio 50.1 Equity ratio 44.2%
Notes
About ¥90 billion in unrecognized retirement benefit obligations were amortized in lump-sum
Extraordinary depreciation of land and other property was implemented in the amount of about ¥75 billion
The equity ratio declined by only 4.9% to 44.2%
Net cash provided by marketing activities exceeded ¥40 billion in spite of more than ¥150 billion in losses before income taxes
Positive factors affecting fiscal 2002 performance

Negative factors affecting fiscal 2002 performance
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Daiwa House group

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