| Report of Independent Public Accountants
To the Board of Directors
The Saikyo Bank, Ltd.
We have examined the accompanying consolidated balance sheets
of The Saikyo Bank, Ltd. at March 31,1999 and 2000, and the
related consolidated statements of income and retained earnings
for the year then ended, all expressed in Japanese yen. Our
examinations were made in accordance with auditing standards
generally accepted in Japan and, accordingly, included such
tests of the accounting records and such other auditing procedures
as we considered necessary in the circumstances.
In our opinion, the consolidated statements mentioned above,
expressed in Japanese yen, present fairly the consolidated
financial position of The Saikyo Bank, Ltd. at March 31, 1999
and 2000, and the consolidated results of its operations for
the years then ended, in conformity with accounting principles
generally accepted in Japan.
We have also reviewed the translation of the 2000 statements
mentioned above into U. S. dollars on the basis described
in Note 1 of the Notes to the Financial Statements. In our
opinion, such statements have been properly translated on
such basis.
Tokuyama, Japan
June 29, 2000
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Asahi & Co.
(member firm of Andersen Worldwide SC)
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To the Board of Directors
The Saikyo Bank, Ltd.
We have examined the accompanying non-consolidated
balance sheets of The Saikyo Bank, Ltd. at March 31, 1999
and 2000, and the related non-consolidated statements of income
and retained earnings for the year then ended, all expressed
in Japanese yen. Our examinations were made in accordance
with auditing standards generally accepted in Japan and, accordingly,
included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the non-consolidated statements
mentioned above, expressed in Japanese yen, present fairly
the financial position of The Saikyo Bank, Ltd. at March 31,
1999 and 2000, and the results of its operations for the years
then ended, in conformity with accounting principles generally
accepted in Japan.
We have also reviewed the translation of the
2000 statements mentioned above into U. S. dollars on the
basis described in Note 1 of the Notes to the Financial Statements.
In our opinion, such statements have been properly translated
on such basis.
Tokuyama, Japan
June 29, 2000
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Asahi & Co.
(member firm of Andersen Worldwide SC)
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