Financial Results

Financial Highlights
(1) Results of Operations

(2) Assets and Equity

(3) Shares

(4) Forecast for the 101st Financial Year
(from April 1, 1997 to March 31, 1998)

(5) Notes

(a) Kajima Corporation (The Company) maintains its accounts in Japanese yen, the currency of the country in which it is incorporated and principally operates. The U.S. dollar amounts included in Financial Highlights above and elsewhere in this NOTICE are presented solely for convenience. Such dollar amounts are translated from yen amounts at the approximate exchange rate of \124 to U.S. $1 as of March 31, 1997. The translations should not be construed as representations that Japanese yen have been, could have been, or could in the future be, converted into U.S. dollars at that or any other rates.

(b) All amounts, both in yen and U.S. dollars in this NOTICE, are presented by rounding down figures below one million yen and one thousand U.S. dollars, respectively.

(c) Net income per share is based upon the weighted average number of shares in issue during the each period. The average number of shares in issue used in the computation for the period ended March 31, 1996 and 1997 were 961,312 thousands.

(d) Fully diluted net income per share is not disclosed because it exceeds net income per share for the period ended March 31, 1996 and 1997.

All Rights Reserved, Copyright (c) 1997 KAJIMA CORPORATION

(a)	Kajima Corporation (The Company) maintains its accounts in Japanese yen, the currency of the country in which it is incorporated and principally operates. The U.S. dollar amounts included in Financial Highlights above and elsewhere in this NOTICE are presented solely for convenience. Such dollar amounts are translated from yen amounts at the approximate exchange rate of \124 to U.S. $1 as of March 31, 1997. The translations should not be construed as representations that Japanese yen have been, could have been, or could in the future be, converted into U.S. dollars at that or any other rates.
(b)	All amounts, both in yen and U.S. dollars in this NOTICE, are presented by rounding down figures below one million yen and one thousand U.S. dollars, respectively.
(c)	Net income per share is based upon the weighted average number of shares in issue during the each period. The average number of shares in issue used in the computation for the period ended March 31, 1996 and 1997 were 961,312 thousands.
(d)	Fully diluted net income per share is not disclosed because it exceeds net income per share for the period ended March 31, 1996 and 1997.