Asgent, Inc.

Summary of Consolidated Financial Results
Financial Highlights(For the year ended March 31, 2007)

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

Shinji Suzuki
Managing Director & CFO

TEL:+81-3-5643-2581

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

For the year endedNet sales

Operating income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Mar. 31, 2007

3,390

+2.8%

(156)

-%

(187)

-%

(420)

-%

Mar. 31, 2006

3,298

-3.6%

(38)

-%

(48)

-%

(154)

-%

Note: the ratio represents the changes from the same period of the previous year

Basic EPS

DilutedReturn on

Ordinary income toOperating incomeEPS

equitytotal assets ratio

to net sales ratio

For the year ended

Yen

Mar. 31, 2007

(10,672.54)--36.1%

-7.6%

-4.6%

Mar. 31, 2006

(3,929.43)--11.5%

-1.8%

-1.2%

Yen

(2) Consolidated Financial ConditionsTotal Assets

As ofMillions of yen

Shareholders`Shareholders’EquityEquity ratio

BPS

Millions of yen

YenMar. 31, 2007

2,318

958

+41.3 %

24,271.95

Mar. 31, 2006

2,606

1,375

+52.8%

34,876.65(3) Consolidated Cash FlowsFor year ended

Cash and cash

Operating

Investing

Financing

activities

activities

activities

Millions of yen

Millions of yen

Millions of yen

equivalents
end of period
Millions of yen

Mar. 31, 2007

(198)

(60)

(35)

530

Mar. 31, 2006

157

(242)

(60)

815

2. Forecast for the Consolidated Financial Results (For the year Ending March 31st ,2008)

Net sales
For the period ending

Millions of yen

OperatingOrdinary

Profit afterProfit

IncomeTaxes

Millions of yen

Millions of yen

Millions of yen

Basic EPS
Yen

Sept.30, 2007

1,700 +4.0%

10-%

5-%0-%0.00

Mar.31, 2008

3,600

80-%

70-%

30-%

759 .78+6.2%

Note: the ratio represents the changes from the same period of the previous year3. Consolidated financial statements（for the year ended March 31, 2007）(1) Consolidated Balance Sheets
Note: Figures less than one thousand yen omitted

Account Title

Mar 31, 2006
AmountMar 31, 2007Ratio

AmountChangeRatio

AmountAssets
Current Assets
1.Cash and Deposits

705,526

530,019

2.Account Receivable-trade669,598

912,645

3.Marketable Securities

110,232-4.Inventories

307,062

325,528

5.Deferred Tax

91,81641,0206.Corporate Tax Receivable

8,623

1,038

7.Others

53,071

39,034

Allowance for Bad Debt

(1,020)(1,139)Total Current Assets

1,944,911

74.6

1,848,146

79.7(96,764)

2.7(4,211)

7.1(10,733)

Fixed Assets
Tangible Fixed Assets
1. Building

21,15821,726

2.Tools, Furniture and Fixtures

43,726

38,5963.Land469

819

Sub-total

65,354

2.5

61,143

Intangible Fixed Assets
1.Software

133,706

117,371

2.Others

42,391

47,992Sub-total

176,097

6.8

165,364

Investment and Other Assets
1.Investment Securities

219,542

181,153

2.Deposits

57,32157,459

3.Deferred Tax

133,271-

4.Others

9,770

5,405

Sub-total

419,905

16.1

244,018

10.5(175,887)

Total Fixed Assets

661,35825.4

470,526

20.3(190,832)

2,606,269

100.0

2,318,672

100.0(287,597)

Total Assets

Note:Figures less than one thousand yen omitted

Account TitleMar 31, 2006
AmountMar 31, 2007
Ratio

AmountChangeRatio

AmountLiabilities
Current Liabilities
1.Accounts payable-trade369,750

471,416-

115,000

3.Current Portion of Bond

60,000500,000

4. Accounts Payable

97,744

108,451-5,036

6.Reserve for bonus

45,47845,245

7. Others

41,92378,238

Total Current Liabilities

614,897

2.Short-term Loan Payable

5.Accrued Corporate Taxes

23.6

1,323,388

57.1

708,491

Fixed Liabilities
1.Bond590,000-

2.Reserve for retirement allowance

26,36036,905

Total Fixed Liabilities

616,360

23.6

36,905

1.6(579,454)

1,231,257

47.2

1,360,294

58.7

129,036

Total Liabilities
Net Assets
Stockholders’ equity
1.Capital stock

768,800

769,500

33.2

2.Capital surplus

704,960

705,200

30.4

3.Earned surplus(115,045)(535,884)△23.1

Total Stockholders’ equity

1,358,715

938,815

40.5

(983)

(8,492)△0.4

17,28028,0551.2

52.1(419,900)

Appraisal／Conversion Differences
1. Apprisal Differences on
Investment Securities
2. E x c h a n g e C o n v e r s i o n
Adjustment AccountTotal Appraisal Conversion Differences

16,2970.7

19,5620.8

3,265

Total Net Assets

1,375,011

52.8

958,37741.3(416,634)

Total Liabilities and Net Assets

2,606,269

100.0

2,318,672

100.0(287,597)

(2) Consolidated Statements of Income
Year ended Mar.31 2006

Account Title

AmountYear ended Mar.31, 2007

Ratio

AmountRatio

ChangeⅠ Net Sales

3,298,857

100.0

3,390,648

100.0

91,791Ⅱ Cost of Sales

2,218,617

67.3

2,361,726

69.7

143,109

Gross Profit

1,080,239

32.7

1,028,921

30.3(51,318)

1,118,862

33.9

1,185,242

34.9

66,379(38,622)1.2(156,320)(4.6)(117,697)

Ⅳ Non-operating Profit

65,6372.0

33,4411.0(32,196)

Ⅴ Non-operating Expense

75,297

2.3

64,2761.9(11,020)

Ordinary Income (Loss）(48,282)(1.5)(187,156)(5.5)(138,873)

Ⅵ Extraordinary profit(Loss)

38,3091.2(42,171)(1.3)(80,480)

Profit(Loss) Before Taxes(9,973)(0.3)(229,327)(6.8)(219,354)

Tax Expenses

144,944

4.4

191,512

5.6

46,567

Profit(Loss) After Taxes(154,917)(4.7)(420,839)(12.4)(265,921)

Ⅲ

Selling,General

andAdministrative expense
Operation Profit(Loss）

(3) Consolidated Statements of Cash Flows
Figures less than one thousand yen omitted.
Year ended

Year ended

Mar.31 2006

Mar.31, 2007

Ⅰ Cash Flow from Operating Activities
Income(Loss) Before Income Tax(9,973)(229,327)(219,354)

59,397

81,782

22,384

Loss from Evaluation of Software Assets-38,465

38,465

Loss from Impairment of Assets-3,705

3,705

Increase(Decrease) in Reserve for Bad Debts(318)

119437

Increase(Decrease) in Reserve for Bonus Payment

1,624(54)(1,678)

Increase in Reserve for Retirement Allowance

1,558

10,0538,495Interest and Dividends Received(2,507)(2,752)(245)

Interest Paid

9,194

7,689

(1,505)

(0)

1,801

1802

Increase(Decrease) in Notes and Accounts Receivable-trade387,196(243,042)(630,239)

Decrease(Increase) in Inventories(54,914)(17,478)

37,436

Decrease(Increase) in Notes and Accounts Payable(176,841)

101,496

278,337

Others(82,940)

44,617

127,557

Sub-total

131,475(202,924)(334,399)

Interest and Dividends Received

2,507

2,752

245

Interest Paid(10,232)(5,964)

4,267

Income Taxes Refunded(Paid)

33,4807,585(25,895)

157,231(198,550)(355,781)

Payments for Purchases of Tangible Fixed Assets(22,503)(21,991)

512

Payments for Purchases of Intangible Fixed Assets(75,162)(90,055)(14,892)

Payments for Purchases of Marketable Securities(414,335)(510,934)(96,599)

Revenue from Sales of Marketable Securities

314,851

562,434

247,583

Others(44,887)500

45,387(242,038)(60,047)

181,991(60,000)(151,200)(91,200)

Revenue by short-term loan

-115,000

115,000Revenue by Stock Issue

-940

940

Payments for Dividends

(113)

(166)

(53)

(60,113)(35,426)

24,686

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

18,338

8,285(10,052)

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents(126,582)(285,739)(159,156)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year

942,341

815,758(126,582)

Ⅶ Cash and Cash Equivalents at the End of the Fiscal Year815,758

530,019(285,739)

Adjustments to Reconcile Net Income to Net Cash used in Operating Activities:
Depreciation and Amortization

Exchange Loss(Gain)

Net Cash Provided by(used in) Operating Activities
Ⅱ Cash Flows from Investing Activities

Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Payments for Bond Redemption

Net Cash Provided used in Financing Activities

(4) Consolidated Statements of Shareholders’ Equity
Figures less than one thousand yen omitted.
Year ended Mar.31, 2007
Shareholders’ Equity
Common Stock
Balance, Beginning of period
Changes: Issuance of common stock upon exercise

768,800700of stock option
Balance, end of period

769,500

Additional paid-in capital
Balance, beginning of periodChanges: Issuance of common stock upon exercise

704,960240of stock option
Balance, end of period

705,200

Unappropriated retained earnings
Balance, Beginning of period(115,045)

Changes: Net income (loss)(420,839)

Balance, end of period(535,884)

Net unrealized securities available for sale
Balance, Beginning of period(983)

Changes(7,509)Balance, end of period(8,492)Foreign currency translation adjustments
Balance, Beginning of period

17,280Changes

10,774

Balance, end of period

28,055

Total
Balance, Beginning of period

1,375,011

Changes(416,634)

Balance, end of period

958,377