DigestFebruary 13, 2004

Brief Interim non-consolidated Financial Reports for the Year ending March 31, 2004

(April 1, 2003 – December 31, 2003)
Listed company name: Asgent, Inc.
Code #: 4288
Head office: 19-7 Nihonbashi Koami-cho, Chuo-ku, Tokyo Japan
President & CEO: Takahiro (Shuji) SugimotoContact: Shinji Suzuki, Director of Corporate Development & PlanningPhone #: +81-3-5643-2581
Adoption of US GAAP: NO
1.Item about the preparation of quarter financial information
・Involvement from auditor or audit company:None

２.Results for the year ending March 31, 2004 (April 1, 2003 - December 31, 2003)(1) Non-Consolidated Business Results(Millions of yen)
FY2002
FY2003
FY2002(3Q Year)(3Q Year)(Full Year)Net Sales
2,559
2,408
3,718
Operating Income
206
115
302
Income Before Income Taxes
216
147
301
Net Income
121
83
165
Per Share Data:
Average Number of Shares Outstanding During
39,27239,33039,286
the Term
Net Income per share (Yen)¥3,099.36¥2,118.70¥4,201.70
Note 1. Changes to accounting policies
・Evaluation Method for Foreign Currency Future Contract. No Profit/Loss impact as of Dec 31,2004 since there is no contract balance.
・Record basis of reserve for bad debt. Minor Profit/Loss impact as of Dec 31, 2004.
3. Company’s fiscal year is April 1-March 31 (FY2002=Apr 1, 2002-Mar 31, 2003, FY2003=Apr 1, 2003 - Mar 31, 2004)(2) Non-consolidated financial position (as of December 31, 2003)(Millions of yen)
As ofAs ofAs of March
December 31, December 31,31, 2003
2002
2003
Total Assets
2,804
3,412
3,101
Stockholders’ Equity
1,944
2,053
1,990
Equity Ratio
69.3 %
60.2 %
64.2 %Per Share Data:
Outstanding Number of Shares at the term end
39,33039,33039,330Stockholders’ Equity per share (Yen)¥49,442.93¥52,219.86¥50,612.61
2.Forecast of non-consolidated business results for the year ending March 31, 2004
(April 1, 2003 – March 31, 2004)

Net Sales
Net Income
Expected Net Income per share (Yen)(Millions of yen)
FY2003(Full Year)
4,000180¥4,576.65

3. Non-Consolidated Financial Statements
3-1 Non-Consolidated Balance Sheets(In thousand yen, rounded down)
At Interim Closing
for FY2002

At Interim Closing
for FY2003

As of December 31, 2002

As of December 31, 2003

AmountRatio

Amount71.8

1,004,389
503,471
320,354
314,057
23,789311,6632,477,726

14,571
37,662469
52,701
203,492

Balance Sheet
As of March 31, 2003

Ratio

Amount

Ratio

72.6

865,093
947,210
20,362
248,212
12,58368,4372,161,899

69.7

1.9

17,24035,089469
52,798

1.5

14,34340,249469
55,0631.8

7.3

268,073

7.9

222,680

7.2

19.1
28.2
100.0

396,690
55,873
155,859
608,423929,295
5,687
3,412,709

17.8
27.2
0.2
100.0

396,690
38,37079,260145,174
659,496937,240
2,833
3,101,973

21.2
30.2
0.1
100.0

<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Defferred Tax
6.Others
Total Current Assets
Fixed Assets
Property, Equipment less Depreciation
1.Building
2.Tools, Furniture and Fixtures
3.LandSub-total
Intangibles Fixed Assets

513,100
699,853
130,358
286,858
16,260367,6432,014,075

Investment and Other Asset
1.Stock of Affiliated Company
2.Deposits
3.Future Foreign Exchange Contracts
4.Others
Sub-total
Total Fixed Assets
Deferred Assets
Total Assets

265,700
38,370111,004
119,487
534,562
790,757
2,804,832

(In thousand yen, rounded down)
At Interim Closing
for FY2002

At Interim Closing
for FY2003

As of December 31, 2002

As of December 31, 2003

AmountRatio

AmountBalance Sheet
As of March 31, 2003

Ratio

Amount

Ratio

17.8

337,456
79,84030,1162,878
33,98782,35435,684602,319

19.4

16.4
35.8

<LIABILITIES>Current Liabilities:
1.Accounts Payable-trade
2.Accounts payable
3.Accrued Expense
4.Accrued Income Taxes
5.Reserve for Bonus Payment
6.Current Portion of Bond
7.Deferred hedge profit
8.Others
Total Current Liabilities
Fixed Liabilities
1.Bond
2.Reserve for Retirement Allowance
Total Fixed Liabilities
Total Liabilities<Stockholders’ Equity>
Ⅰ Capital Stock
Ⅱ Capital Surplus
1.Additional Paid in Capital
Total Capital Surplus
Ⅲ Earned Surplus
1.Retained Earnings
2.Unappropriated retained earnings
Total Other Surplus
Ⅳ Appraisal Loss on Investment Securities
Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity

315,134
56,99821,64285,04917,02989,896
264,803
850,55330.3

258,599
31,68327,78475,724
18,57560,000135,275
607,641

9,688
9,688
860,2420.4
30.7

740,000
11,260751,260
1,358,902

22.0
39.8

500,000
9,059
509,059
1,111,378

768,000

27.4

768,000

22.5

768,000

704,300
704,300

25.1

704,300
704,300

20.6

704,300
704,300

22.7

17.1
(0.2)
69.3
100.0

1,488
583,989
585,478(3,971)
2,053,807
3,412,709

17.2
(0.1)
60.2
100.0

1,786
520,027
521,814(3,520)1,990,594
3,101,973

16.8
(0.1)
64.2
100.0

1,786
476,676
478,463(6,173)
1,944,590
2,804,832

3-2 Non-Consolidated Statements of Income(In thousand yen, Rounded down)
At Interim Closing
for FY2002

At Interim Closing
for FY2003

Statements ofIncome for FY2002(From Apr 1, 2002 to
Dec 31, 2002)(From Apr 1, 2003 to
Dec 31, 2003)(From Apr 1, 2002 to
Mar 31, 2003)

AmountRatio

AmountRatio

AmountRatio

2,559,553
1,709,579
849,974

100.0
66.8
33.2

2,408,007
1,602,472
805,534

100.0
66.5
33.5

3,718,783
2,500,766
1,218,016

100.0
67.3
32.7

643,398
206,575

25.1
8.1

689,562115,972

28.6
4.9

915,814302,202

24.6
8.1

Ⅳ Other Income
Ⅴ Other Expenses

15,234
5,145

0.6
0.2

12,799
8,333

0.5
0.4

3,681
4,570

0.1
0.1

Ordinary Profit

216,664

8.5

120,4385.0

301,313

8.1--

27,180

1.1--

Income Before Income Taxes

216,664

8.5

147,618

6.1

301,313

8.1

Income Taxes & tax adjustments

94,945

3.7

64,2892.6

136,243

3.7

Net Income

121,719

4.8

83,3283.5

165,070

4.4

Retained Earnings (Deficit) Brought
Forward354,957

510,493354,957

-

9,832

-

476,676

583,989

520,027

Ⅰ Net Sales
Ⅱ Cost of Sales
Gross Profit
Ⅲ Selling, General and
Administrative Expenses
OperatingⅥ

IncomeExtraordinary Gain

Interim dividend
Unappropriated retained earnings