Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 6Months Ended September 30, 2018)

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

For the 6Months EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Sep. 30, 2018

1,533

△27.9%△155

Sep. 30, 2017

2,126

8.4%

28－
94.2%

－

△157
25

40.6%

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

Basic EPS

Diluted EPS

Yen

Yen

Sep. 30, 2018△40.41－

Sep. 30, 2017

4.89

－

Total Assets

Shareholders’ Equity

Shareholders’ Equity
ratio

As of

Millions of yen

Millions of yen%Sep. 30, 2018

2,229

1,470

66.0%

Mar. 31, 2018

2,356

1,627

69.0%

For the 6Months Ended(2) Financial Conditions△15418－56.3%

2. Financial statements(For the 6Months Ended September 30, 2018)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2018

Sep. 30, 2018

AmountAmountAssetsCurrent assets
Cash and deposits

882,336

913,708

Accounts receivable-trade694,579

653,636

Merchandise and finished goods

89,27438,947Work in process

151

4,214

Supplies

797

562

Prepaid expenses

41,04430,762

Income taxes receivable

21,414－

Consumption taxes receivable

15,370

－

Other

9,490

10,892(13)(13)

1,754,446

1,652,709

Buildings, net

36,71235,065Tools, furniture and fixtures, net

260,239

228,657

1,854

1,854

Total property, plant and equipment

298,806

265,577

Intangible assets

46,13235,911

Investments and other assets

257,092

275,369

602,031

576,858

2,356,477

2,229,568

Accounts payable-trade186,623

205,204

Short-term loans payable

200,000

200,000

Accounts payable-other

93,87063,112

Accrued expenses

48,57559,899

Income taxes payable

－

6,917

Comsumption tax payable

－

4,294

Advances received

10,0509,599

Deposits received

12,48019,939Unearned revenue

16,90323,333

Provision for bonuses

55,82659,316

Other

3,448

786

627,777

652,404

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

Land

Total noncurrent assets
Total assets
Liabilities
Current liabilities

Total current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2018

Sep. 30, 2018

AmountAmountNoncurrent liabilities
Provision for retirement benefits

101,462

106,371

101,462

106,371

729,240

758,775

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

158,680(5,044)

(160)

(206)

1,634,830

1,471,059(9,833)(266)(9,833)

(266)

2,240

－

Total net assets

1,627,237

1,470,793

Total liabilities and net assets

2,356,477

2,229,568

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Subscription rights to shares(2) Statements of Income
Note: Figures less than one thousand yen omitted
Account Title

Sep. 30, 2017

Sep. 30, 2018

AmountAmount

Ⅰ Net Sales

2,126,442

1,533,956

Ⅱ Cost of Sales

1,369,958

942,409

Gross Profit

756,484

591,546

727,993

747,075

Operating Income

28,490(155,528)

Ⅳ Non-operating Income

447

3,609

Ⅴ Non-operating Expenses

3,233

5,814

Ordinary Income

25,704(157,733)

Ⅵ Extraordinary Income

79

2,242

Ⅶ Extraordinary Losses

1,782－Income Before Taxes

24,001(155,490)

Tax Expenses

5,324(1,304)

Income After Taxes

18,676(154,186)

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
6Mounths Ended
6MonthsEnded
Sep 30, 2017
Sep 30, 2018
AmountAmount

Ⅰ Cash Flow from Operating Activities
Income (loss) before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses

24,001
78,179
(13)
4,403
5,757
(59)
678
(394)
1,782
1,931
(79)
－
654,553
27,383(92,181)(75,321)－
10,218(143,586)
29,746
527,000
59(641)(53,774)472,643(155,490)
64,76003,489
4,908
(11)
693
(690)
－
3,202(2)(2,240)40,94346,49918,581
4,294
15,370－(31,544)
34,77647,54111(669)21,412
68,296

Proceeds from sales of membership(50,352)
812(113,541)
1,944(20,529)
7(7,583)－

Net Cash Used in Investing Activities(161,137)(28,105)

(160)

(45)

(19,005)(9,464)(19,165)(9,510)394

690

Ⅴ Net Decrease in Cash and Cash Equivalents

292,735

31,371

Ⅵ Cash and Cash Equivalents at Beginning of Period

785,032

882,336

Ⅶ Cash and Cash Equivalents at the End of Period

1,077,767

913,708

Increase (decrease) in provision for retirement benefits

Interest income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of membership
Loss (gain) on investments in partnership
Loss (gain) on sales of property, plant and equipment

Gain on reversal of share acquisition rights

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 consumption taxes refund receivable

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 Operating Activities
Ⅱ Cash Flows from Investing Activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of memberships

Ⅲ Cash Flows from Financing Activities
Purchase of treasury shares
Cash dividends paid
Net cash provided by (used in) financing activities
Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents