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Konica Corporation/ Annual Report 200 1
32
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
The Board of Directors
KONICA CORPORATION
We have audited the accompanying c onsolidated balance sheets of KONICA CORPORATION and its consolidated subsidiaries as of
March 3 1 , 2 0 0 1 and 2 0 0 0 , and the related consolidated statements of income and retained earnings and c ash flows for the years then
ended, all expressed in Japanese Yen. Our audits were made in accordance with auditing standards, proc edures and prac tices
generally accepted and applied in Japan and, accordingly, included such tests of the accounting records and suc h other auditing
procedures as we considered necessary in the circ umstanc es.
In our opinion, the consolidated financial statements referred to above present fairly the c onsolidated Financial position of KONICA
CORPORATION and its consolidated subsidiaries as of March 3 1 , 2001 and 2 0 0 0 , and the consolidated results of their operations and
their cash flows for the years then ended, in c onformity with accounting principles and prac tices generally accepted in Japan ( see Note 1)
applied on a consistent basis.
As described in Notes 2 ( b) , 2 ( h) and 2 ( i) , effective from the year ended March 3 1 , 2 0 0 1 , KONICA CORPORATION and its
consolidated subsidiaries have adopted new Japanese ac counting standards for financial instruments, retirement benefits, and foreign
currency translation.
The amounts expressed in U.S. dollars, which are provided solely for the c onvenience of the reader, have been translated on the basis
set forth in Note 3 to the accompanying c onsolidated financial statements.
Tokyo, Japan
June 2 8 , 2 0 0 1