taking a step toward the future tokyo broadcasting system inc annual report 2003 for year ended march 31 forward looking statements this includes pertaining to expectations plans strategies management goals performance expenses revenues income and other forecasts formulated on past experiences necessarily entail some degree of uncertainty content conveyed in results as well underlying factors identified may differ materially from actual depending changes those 14 tbs consolidated companies 15 network 16 six summary 17 s discussion analysis 22 balance sheets 24 25 shareholders equity 26 cash flows 27 notes financial 38 independent auditors 39 corporate data board directors 01 message despite bleak economic environment japan we were able increase both viewer ratings revenue fiscal under review over coming will work hard inhibit cost increases continue create high quality programs ensure steady flow 07 building into top
