contents financial highlights 1 interview with the ceo 2 to our shareholders 5 revolutionizing toto 7 section 18 board of directors 34 international network 35 progress through years 36 corporate data 37 ltd and consolidated subsidiaries ended march 31 1999 2000 thousands millions yen us dollars for year net sales 373 782 391 903 3 691 974 cost 251 588 260 389 453 029 gross profit 122 194 131 514 238 945 operating income loss 723 4 891 46 076 24 555 33 794 318 361 capital investment 14 300 19 200 180 876 r&d expenses 11 957 12 319 116 053 cash flow 798 535 040 at end total assets 460 133 502 305 732 030 equity 227 106 199 805 882 289 per share 66 07 90 93 0 86 dividends 9 00 08 note dollar amounts are stated convenience only using exchange rate prevailing on 15
