Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2013)

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 Director & CFO
TEL:+81-3-6853-7401

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

Operating Income Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yenMillions of yen

Mar. 31, 2013

3,537 △11.8%

226

233

6.8%

134

20.4%

Mar. 31, 2012

4,009

212 △46.3%

218 △44.8%

111△57.8%

△0.1%

6.6%

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, 2013

3,434.39-

Mar. 31, 2012

2,825.76-

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As ofMillions of yen

Millions of yen%Yen

Mar. 31, 2013

2,653

1,996

75.1%

51,095.76

Mar. 31, 2012

2,847

1,902

66.8%

48,050.49(2) Financial Conditions(3) Forecast for the Financial Results ( For the year ending March 31, 2014 )For period ending

Mar. 31, 2014

Net sales

Operatind income

Ordinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

3,540

0.1%

30 △86.8%

30 △87.2%

18 △86.6%

461.302. Financial statements(For the Year Ended Mar 31, 2013)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2012

Mar. 31, 2013

AmountAmountAssetsCurrent assets
Cash and deposits

1,038,661

1,107,845Accounts receivable-trade

1,263,173

991,077

Short-term investment securities

100,000－

Merchandise and finished goods

36,87486,523Work in process

178

7,601

Supplies－6

Advance payments-trade212

34,394

Prepaid expenses

9,437

17,582

Deferred tax assets

49,387

24,600Other

10,75822,990

(101)

(79)

2,508,583

2,292,541

41,30962,019

Accumulated depreciation(3,464)(11,053)

Buildings, net

37,84550,965Tools, furniture and fixtures

525,563

536,831

Accumulated depreciation(362,288)(374,578)

Tools, furniture and fixtures, net

163,274

162,252

819

1,314

1,095

1,095

203,035

215,627

Patent right324－

Right of trademark

863

430

Software13,167

10,080Total intangible assets

14,355

10,511

Investment securities

8,386

8,098

Lease deposits

38,87938,879－

7,788

Deferred tax assets

37,02829,327

Other

37,40750,281

Total investments and other assets

121,700

134,375

339,091

360,5142,847,674

2,653,055

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings

Land
Construction in progressTotal property, plant and equipment
Intangible assets

Investments and other assets

Long-term prepaid expenses

Total noncurrent assets
Total assets

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2012

Mar. 31, 2013

AmountAmountLiabilities
Current liabilities
Accounts payable-trade368,934

232,966

Short-term loans payable

100,000

125,000

Current portion of long-term loans payable

15,000－Accounts payable-other158,668

102,154

Accrued expenses

45,711

34,869

Income taxes payable

88,466

24,715

Accrued consumption taxes

27,909－Advances received－273

Deposits received

18,133

9,004

Unearned revenue

4,077

4,143

Provision for bonuses

47,24040,648598

887

874,740

574,662

70,37481,80570,37481,805945,115

656,468

Capital stock

771,110771,110

Legal capital surplus

705,200

705,200

Retained earnings brought forward

429,107543,992－(22,890)

1,905,417

1,997,412

Valuation difference on available-for-sale securities(3,368)(3,656)

Total valuation and translation adjustments(3,368)(3,656)

510

2,830

1,902,559

1,996,586

2,847,674

2,653,055

Other
Total current liabilities
Noncurrent liabilities
Provision for retirement benefits
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity
Valuation and translation adjustments

Subscription rights to shares
Total net assets
Total liabilities and net assets

(2) Statements of Income
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2012

Mar. 31, 2013

AmountAmount

Ⅰ Net Sales

4,009,169

3,537,214

Ⅱ Cost of Sales

2,590,333

2,204,164

Gross Profit

1,418,836

1,333,050

1,206,198

1,106,344

Operating Income

212,637

226,706

Ⅳ Non-operating Income

8,139

8,161

Ⅴ Non-operating Expenses

2,106

1,343

Ordinary Income

218,670

233,523

Ⅵ Extraordinary Income

1,843

340

Ⅶ Extraordinary Losses

25,122

496

Income Before Taxes

195,391

233,367

Tax Expenses

83,50598,683

Income After Taxes

111,886

134,683

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year Ended
The Year Ended
March 31, 2012
March 31, 2013
AmountAmountⅠ Cash Flow from Operating Activities
Income before income taxes

195,391
97,16432
1,499
10,869
(931)
1,872
(34)
8,999
686
(409,134)
29,533
12,38949,616
12,78583,94565,81336,334
196,836931(1,747)(18,795)
177,225

233,367
92,379(21)(6,592)
11,431(2,350)
1,039
(133)
460
35
272,095(57,077)－(135,967)(47,227)(34,181)(25,224)(34,259)
267,7702,350(970)(129,509)
139,641(100,000)－(99,206)－－
100,000(130,520)
7,306

Purchase of intangible assets(378)(3,741)

Proceeds from collection of guarantee deposits

325

500

－

(1,800)

Payments for lease deposits(38,879)－

Collection of lease deposits

55,873－

Other, net(1,885)(250)(184,150)(40,796)－

25,000

Repayment of long-term loans payable(34,000)(15,000)

Redemption of bonds(34,000)－

Proceeds from issuance of subscription rights to shares

－

2,660

Purchase of treasury stock－(22,890)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents(19,564)(87,564)34(19,565)(29,795)
133

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents(94,454)

69,183Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year

1,133,115

1,038,661

Ⅶ Cash and Cash Equivalents at the End of Period

1,038,661

1,107,845

Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits

Interest income
Interest expenses
Foreign exchange losses (gains)
Loss on retirement of noncurrent assets
Loss (gain) on sales of noncurrent assets

Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventoriesLoss on abandonment of 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
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities
Purchase of short-term investment securities

Proceeds from redemption of securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

Payments for guarantee deposits

Net cash provided by (used in) investing activities

Ⅲ Cash Flows from Financing Activities

Net increase (decrease) in short-term loans payable

Cash dividends paid
Net cash provided by (used in) financing activities