Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended Mar. 31, 2010)

Listed Company Name: Asgent, Inc.
Listing Exchange: JASDAQ
Security Code No:4288
URL: http://www.asgent.co.jp/
Representative: Takahiro Sugimoto
President & CEO
Enquiries:

Takenori KatsuragiManaging DirectorTEL:+81-3-5643-2581

1. Business Results(1) Operating Results
Note: Figures less than one million yen omitted, except for EPS and BPS

Net sales
For the Year ended

Millions of yen

Operating Income Ordinary income
Millions of yen

Millions of yen

Net income
Millions of yen

Mar. 31, 2010

3,988

14.3%

437

80.3%

444

72.4%

415

37.2%

Mar. 31, 2009

3,487 △4.8%

242

67.2%

257

83.0%

302-%

Note: the% value represents the changes from the same quarter of the previous year

Basic EPS

Diluted EPS

For the Year ended

Yen

Yen

Mar. 31, 2010

10,516.28-Mar. 31, 2009

7,669.18

7,664.46

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As of

Millions of yen

Millions of yen%

Yen

Mar. 31, 2010

2,464

1,565

63.5%

39,545.70

Mar. 31, 2009

2,193

1,148

52.4%

29,091.99(2) Financial Conditions(3) Forecast for the Financial Results (For the year ending March 31, 2010)
Net sales
For period ending

Millions of yen

Operating income Ordinary income
Millions of yen

Millions of yen

Net income

EPS

Millions of yen

Yen

Sep.30, 2010

1,845

0.6%

150 △27.4%

150 △27.5%

150

△34%

3,788.36

Mar. 31, 2011

4,500

12.8%

438444444△3.9%

11,221.11

0.1%

0.0%

2. Financial statements（For the Year ended March. 31,2010）(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2010

Mar. 31, 2009

AmountAmountAssetsCurrent Assets
736,598

784,196

1,080,395

840,401

108,869

31,965

4.Work in Process

181-

5.Raw Materials and Supplies

511

700

6.Advance Payments-trade

12,06733,887

7.Prepaid Expenses

14,051

13,371

8.Deferred Tax Assets

71,30784,35042183

10.Other Current Assets

13,0705,997

Allowance for Bad Debts(86)(1,050)2,037,007

1,794,004

Buildings

26,17130,864

Accumulated Dwpreciation(10,910)(11,165)

15,26019,699Tools, Furniture and Fixtures

432,462366,287

Accumulated Dwpreciation(251,248)(194,940)

181,213

171,346

819

819

197,294

191,865

Patent right

1,262

1,730

Right of trademark

2,231

2,938

Software32,436

70,12835,92974,797

Investment securities

16,296

46,167

Lease deposits

55,87355,873

Deferred tax assets

85,387

27,574

Other

37,1293,477

Total investments and other assets

194,687

133,092

Total noncurrent assets

427,911399,756

2,464,918

2,193,760

1.Cash and Deposits
2.Accounts Receivable-trade
3.Merchandise and Finished Goods

9.Income Taxes Receivable

Total Current Assets
Fixed Assets
Property, Plant and Equipment

1. Building, net

2.Tools, Furniture and Fixtures, net
3.LandTotal Property, Plant and Equipment
Intangible Fixed Assets

Total intangible assets
Investments and Other Assets

Total Assets

Account Title

Note: Figures less than one thousand yen omitted
Mar. 31, 2010
Mar. 31, 2009
AmountAmountLiabilities
Current Liabilities
1.Accounts Payable-trade145,365

192,974

2.Short-term Loans Payable

150,000

350,000

3.Short-term Bonds Payable

113,000

93,0004.Current Portion of Long-term Loans Payable

34,000-5.Accounts Payable-other145,480

83,233

6.Accrued Expenses48,225

31,996

7.Income Taxes Payable

54,161

5,915

8.Accrued Consumption Taxes

10,93929,2739.Advances Received－90

10.Deposit Received

5,482

3,840

11. Unearned Revenue

4,203

9,813

12. Provision for Bonuses

51,44745,904

13. Other

1,546

66

763,852

846,108

1.Bonds

34,000147,000

2.Long-term Loans Payable

49,000-3.Provision for Retirement Benefits

52,253

51,955

Total Fixed Liabilities

135,253

198,955

Total Liabilities

899,106

1,045,063

1.Capital Stock771,110769,500

2.Capital Surplus

705,200

705,200

3.Earned Surplus

91,816(323,681)

1,568,126

1,151,018

1.Appraisal Differences on Investment Securities(2,315)(2,321)

Total Appraisal Conversion Differences(2,315)(2,321)

Total Net Assets

1,565,811

1,148,697

Total Liabilities and Net Assets

2,464,918

2,193,760

Total Current Liabilities
Fixed Liabilities

Net Assets
Stockholders’ Equity

Total Stockholders’ Equity
Appraisal Conversion Differences

(2) Statements of Income

Account Title

Note: Figures less than one thousand yen omitted
the Year Ended
the Year Ended
Mar. 31, 2009
Mar. 31, 2010

AmountAmountⅠ Net Sales

3,487,878

3,988,119

Ⅱ Cost of Sales

2,140,342

2,283,104

Gross Profit

1,347,535

1,705,014

Ⅲ Selling, General and Administrative Expenses

1,104,857

1,267,536

Operating Income

242,678

437,478

Ⅳ Non-operating Income

25,43813,391

Ⅴ Non-operating Expenses

10,436

6,620

Ordinary Income

257,681444,248

Ⅵ Extraordinary Income

11,2758,865

Ⅶ Extraordinary Losses

39,83533,140

Income Before Taxes

229,120

419,973

Tax Expenses(73,696)

4,475

Income After Taxes

302,817415,498

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
the Year Ensed
Mar. 31, 2010

Ⅰ Cash Flow from Operating Activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
Interest and dividends income
Interest expenses
Foreign exchange losses (gains)
Loss on retirement of noncurrent assets
Loss (gain) on sales of noncurrent assets
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued consumption taxes
Decrease (increase) in advance payments
Increase (decrease) in accounts payable-other
Other, net
Sub-totalInterest and Dividends Income Received
Interest Expenses Paid
Income Taxes Paid
Net Cash Provided by Operating Activities
Ⅱ Cash Flows from Investing Activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of memberships
Payments for guarantee deposits
Other, net
Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities

419,973
117,446
(963)
5,542
298
(211)
4,555
270
2,666
(7,902)
29,882(239,993)(78,644)(47,609)(18,333)
21,82061,617
5,883
276,299
211(4,781)(2,149)269,580(70,970)
12,756(18,946)(14,700)(21,190)
4,531(108,517)

Net increase (decrease) in short-term loans payable(200,000)

Proceeds from Long-term Loans Payable

100,000

Repayment of Long-term Loans Payable(17,000)

Redemption of Bonds(93,000)

Proceeds from issuance of common stock
Net Cash Used in Financing Activities
Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

1,610(208,390)(270)

Ⅴ Net Decrease in Cash and Cash Equivalents(47,598)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year784,196

Ⅶ Cash and Cash Equivalents at the End of Period

736,598