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