DigestNovember 5, 2001

Brief Interim non-consolidated Financial Report Year ending March 31, 2002

(April 1, 2001 – September 30, 2001)
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
Date of Board of Directors Meeting: November 5, 2001
Adoption of US GAAP: NO
1. Interim results for the year ending March 31, 2002 (April 1, 2001-September 30, 2001)(1) Non-Consolidated Business Results(Millions of yen)
FY2000FY2001
FY2000Change(1st Half)(1st Half)(Full Year)Net Sales
927
1,776+91.4 %
2,524
Operating Income
173
219+26.7 %360
Income Before Income Taxes
179
184+2.9 %
352
Net Income
189
102 (45.7) %286
Per Share Data:
Average Number of Shares Outstanding
6,840
7,178
6,840
During the Term
Net Income per share (Yen)¥27,695.93¥14,321.08¥41,893.24
Note 1. Investment profit and loss arising from equity method: None
2. Changes to accounting policies: None
3. Company’s fiscal year is April 1-March 31(FY2000=Apr 1, 2000 - Mar 31, 2001, FY2001=Apr 1, 2001 - Mar 31, 2002)
4. Expenditures related to IPO ¥34,636,000 were fully amortized in Q2
5. Tax obligation was less due to tax adjustments
6. Includig one time accounting large R&D fee granted by MITI for the development of M@gicPolicy,
which contributed to Sales (¥73,312,000) /Profit ‘¥58,635,000) in Q1, F.Y. 00(2) Non-consolidated financial position (as of September 30, 2001)(Millions of yen)
As ofAs ofAs ofSeptember
SeptemberMarch 31,30, 2000
30, 2001
2001
Total Assets
698
2,458
1,474
Stockholders’ Equity
322
1,650
419
Equity Ratio
46.1 %
67.1 %
28.4 %Per Share Data:
Outstanding Number of Shares at the term end
6,840
7,840
6,840
Stockholders’ Equity (Yen)¥47,102.48 ¥210,470.32 ¥61,299.78(3) Non-consolidated cash flows (April 1, 2001-September, 2001)

Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Cash and Cash Equivalents at the term end

FY2000(1st Half)
149(79)
1,067
1,305

(Millions of yen)

FY2001(1st Half)
193
(21)
(297)
221

2.Forecast of non-consolidated business results for the year ending March 31, 2002
(April 1, 2001 – March 31, 2002)

Net Sales
Net Income
Expected Net Income per share (Yen)(Millions of yen)

FY2001(Full Year)
4,515
265
¥33,801.02

FY2000(Full Year)
165
(33)
(297)
175

3.Interim Non-Consolidated Financial Statements
3-1 Interim Non-Consolidated Balance Sheets(In thousand yen, rounded down)
At interim closing
for FY2000

At interim closing
for FY2001

Balance Sheet asof March 31, 2001

AmountRatio

AmountRatio

Amount

Ratio

92.7

1,005,846
596,493
300,000
164,654
14,15773,777
41,2752,196,204

89.3

119,727
726,683
55,354
342,761
8,240
31,191
1,283,959

87.1

as of September 30, 2000

as of September 30, 2001

<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Differred Taxes
6.Consumption Tax Paid
7.Others
Total Current Assets
Property, Equipment less Depreciation

76,354
350,822
145,243
28,8809,362
28,031
8,441
647,137
8,580

33,06011,998220

58,720

1,717

Other

42,507

170,240

176,954

Total Assets<LIABILITIES>Current Liabilities:
1.Accounts Payable-trade
2.Short-term Debt
3.Accrued Expenses
4.Accrued Income Taxes
5.Reserve for Bonus Payment
6.Consumption Tax Received
7.Other
Total Current Liabilities
Long-term Liabilities
1.Accrued pension and severance cost
2. Other
Total Long-Term Liabilities

698,446

Intangibles Fixed Assets

207,752
60,00021,936
126
14,55345,737
23,145373,251
2,663
350
3,013

<Stockholders’ Equity>
Ⅰ Capital StockⅡ Additional Paid-in Capital
Ⅲ Retained Earnings(Deficit)

342,000
1,000(20,819)

Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity

322,180
698,446100.0

2,458,226

53.5

361,22175,352
86,97523,81689,481
161,158
798,006

0.4

6,159
3,972
10,132100.0

1,474,630

100.0

32.5

637,792
60,00061,24573,981
16,132200,973
1,050,126

71.6

0.4

4,957
256
5,214

0.4

767,000
704,000
179,08746.1
100.0

1,650,087
2,458,226

342,000
1,000
76,29067.1
100.0

419,290
1,474,630

28.4
100.0

3-2 Interim Non-Consolidated Statements of Income(In thousand yen, Rounded down)
At Interim Closing for
FY2000(From Apr. 1, 2000 to30, 2000)

AmountⅠ Net Sales
Ⅱ Cost of Sales
Gross Profit

Ⅲ Selling, General and
Administrative Expenses
Operating Income

Ⅳ Other Income
Ⅴ Other Expenses
Income Before Income
Taxes
Income Taxes
Net Income

Sep.

Ratio

Statements ofIncome for
FY2000At Interim Closingfor FY2001(From Apr. 1, 2001 to
Sep. 30, 2001)

Amount(From Apr.1, 2000 toMar.31, 2001)

Ratio

AmountRatio

927,864
542,457
385,406

100.0
58.5
41.5

1,776,041
1,220,705
555,336

100.0
68.7
31.3

2,524,065
1,614,985
909,080100.0
64.036.0

212,08922.8

335,81218.9

548,74421.7

173,316
9,070
2,889

18.7
0.9
0.3

219,523
6,977
41,824

12.4
0.4
2.4

360,335
5,984
13,785

14.3
0.2
0.5

179,498

19.3

184,676

10.4

352,534

14.0(9,941)
189,440

(1.1)
20.4

81,880102,796

4.6
5.8

65,985286,549

2.6
11.4<Business Segment Information>(In thousand yen, Rounded down)
At Interim
Closing for
FY2000At Interim
Closing for
FY2001

Change(From Apr. 1, 2000
to Sep. 30, 2000)(From Apr. 1, 2001 toSep. 30, 2001)

Security

695,080

1,558,614+224.2%

Hi-availability & Data Solution

86,735

137,115+158.1%

Sub-Total

781,815

1,695,730+216.9%Service (Consultation & MSP)

146,048

80,311(45.0)%

Grand Total

927,864

1,776,041+191.4%

Packaged
Software*1 Includig one time accounting large R&D fee granted by MITI for the development of M@gicPolicy, which
contributed to Sales (¥73,312,000) in Service Segment in Q1, FY2000. If excluded this Sales amountfrom F.Y2000, the growth rate of Service segment changed from (45.0) % to +10.4%

3-3 Interim Non-Consolidated Statements of Cash Flows(In thousand yen, Rounded down)
At Interim
Closing for
FY2000Ⅰ Cash Flow from Operating Activities
Net Income
Adjustments to Reconcile Net Income toNet Cash used in Operating Activities:
Depreciation and Amortization
Increase (Decrease) in Allowance for Bad
Debts
Increase in Reserve for Bonus Payment
Accrual for Pension and Severance Costs,
less Payments
Interest Received
Interest Paid
Exchange Losses
Amortization of Bond Premium
Amortization of Initial Expenses
Costs for Initial Public Offering
Decrease (Increase) in Accounts
Receivable -trade
Decrease (Increase) in Inventories
Increase in Consumption Taxes Paid
Increase (Decrease) in Accounts
Payable-trade
Increase (Decrease) in Accounts Payable
Increase (decrease) in Consumption TaxPayable
Increase in Consumption Tax Received
Increase in Accounts Payable
Increase (decrease) in Deposits Received
Increase in Advance Received
Other
Sub-totalInterest Received
Interest Paid
Payment of Initial Public Offering
Expenses
Corporate Income taxes paid
Net Cash Provided by Operating Activities
Ⅱ Cash Flows from Investing Activities
Payments for Long-term Deposits
Payments for Purchases of Tangible FixedAssets
Payments for Purchase of Intangible FixedAssets
Other
Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Short-term Debts Payments
Long-term Debts Payments
Corporate Bond Payment
Proceeds from issue of shares
Other
Net Cash Provided by (Used in) Financing
Activities
Ⅳ Effect of Exchange rate Changes on Cash andCash Equivalents
Ⅴ Net Increase (Decrease) in Cash and CashEquivalents
Ⅵ Cash and Cash Equivalents at Beginning of
the Fiscal Year
Ⅶ Cash and Cash Equivalents at End of theHalf Year

At Interim
Closing for
FY2001

Statements ofCash Flows for
FY2000(From Apr. 1, 2000
to Sep. 30, 2000)(From Apr. 1, 2001
to Sep. 30, 2001)(From Apr.1, 2000
to Mar.31, 2001)

179,498

184,676

352,534

834

3,103

2,517

(208)

(2,045)

1,622

1,548

7,683

3,127

2,663

1,202

4,957

(339)
2,462
0
374
51
−

(6,334)
539
7,357
−
51
34,636

(958)
3,173
5,740
374
103
−

(35,150)132,235(412,842)(11,157)(28,031)

178,106(73,777)(330,737)−

42,125(276,571)

472,165(7,524)(17,937)

31,784−(28,599)

28,59945,737758
5,886−(4,225)
195,303367(1,872)

89,4813,194(3,709)2,476
9,972
245,744
6,087(439)

−
3,682
6,510
4,646
(9,483)
167,517987(2,561)−(26,484)−(363)
193,435(75,338)
149,569(486)
165,455(13,803)(5,100)(13,803)(7,110)(18,589)(12,094)(119)(40,380)(1,733)−(21,033)(9,850)(79,307)(6,352)(33,983)(192,248)(30,423)(75,000)−(140)(60,000)−−
1,128,000(140)(192,248)(30,127)(75,000)−(280)(297,811)

1,067,859(297,656)

0(7,357)(5,740)(125,408)

1,130,763(171,923)

347,006

175,082

347,006

221,597

1,305,846

175,082