Sato

NI was quite proud that they showed good results for last year. However, the
reason lies with the sale of cross shareholding interests (equity in other
companies) and other assets. The reality is that their operating profits
were way down. This is obviously why the pressure is still on. See table
that appeared in the news.

Joe

Joseph P. Hirl
Enron Japan Corp.
81 3 5219 4500
81 3 5219 4510 (Fax)
www.enron.co.jp