Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the period Ended Sep 30, 2008)

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

Net sales
For the 6 months ended

Millions of yen

Operating income

Ordinary income

Millions of yen

Millions of yenNet income
Millions of yen

Sep 30, 2008

1,757-%

111-%

116-%

140-%

Sep 30, 2007

1,6501.2%

29119.7%

34432.1%△32-%

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

Basic EPS

Diluted EPS

Yen

Yen

For the 6 months ended
Sep 30, 2008

3,554.34

3,540.16

Sep 30, 2007

△811.24-(2) Financial Conditions
Total Assets
As ofMillions of yen

Shareholders’Shareholders’EquityEquity ratio

Millions of yen%BPSYen

Sep 30, 2008

1,918975

50.8%

24,710.54

Mar 31, 2008

2,097841

40.1%

21,313.64

Net income

EPS

Millions of yen

Yen(3) Forecast for the Financial Results (For the year ending March 31, 2009)
Net sales
For period ending
Mar 31, 2009

Millions of yen

3,700

Operating

Ordinary

incomeincomeMillions of yen

1.0%

175

20.6%

Millions of yen

175

24.3%

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

210

- %

5,318.48

2. Financial statements(1) Balance Sheets(Thousands of yen)Account Title

Sep 30,2008

Mar. 31, 2008

AmountAmountAssetsCurrent Assets
1.Cash and Deposits

530,059

536,6202.Accounts Receivable-trade671,331

938,239

3.Short-term investment securities

99,983-

4.Inventories

50,54049,676

5.Goods in Progress

1,404

1,501

917

971

7.Prepaid Expenses

15,70815,467

8.Deferred Income Taxes

74,07438,89691

255

11,82812,154(839)(1,502)

1,455,098

1,592,279

1. Building

20,421

21,142

2.Tools, Furniture and Fixtures

187,119

196,596

3.Land819

819

Sub-total

208,361

218,559

Intangible Fixed Assets

77,76992,680Investments and Other Assets

177,759

193,816

463,889

505,055

1,918,988

2,097,335

6.Stored Goods

9.Corporate Taxes Receivable
10.Other current assets
Allowance for Bad Debts
Total Current Assets
Fixed Assets
Tangible Fixed Assets

Total Fixed Assets
Total Assets

Note: Figures less than one thousand yen omitted

(Thousands of yen)Account Title

Sep 30,2008

Mar. 31, 2008

AmountAmountLiabilities
Current Liabilities
1.Accounts Payable-trade270,057

403,215

2.Short-term Loans Payable

280,000

412,500

3.Short-term Bonds Payable

60,00060,0004.Accounts Payable-other50,680

38,864

5.Accrued Expenses

31,43334,895

6.Accrued Corporate Taxes

4,346

5,337

-55,023

8.Advances Received

1,391

630

9.Deposits received

3,976

3,886

10.Diferred Revenue

6,635

3,509

11.Reserve for Bonus

48,76345,377

12.Reserve For Loss on Disposal of Discontinued Division

6,431

8,651

13.Others

23,996

613

787,713

1,072,503

1.Bonds

110,000

140,000

2.Reserve for Retirement Allowances

45,57943,262

Total Fixed Liabilities

155,579

183,262

Total Liabilities

943,293

1,255,766

1.Capital Stock769,500

769,500

2.Capital Surplus

705,200

705,200

3.Earned Surplus(486,155)(626,498)

Total Stockholders’ Equity

988,544848,201(12,848)(6,632)

Total Appraisal Conversion Differences(12,848)(6,632)

Total Net Assets

975,695

841,568

1,918,988

2,097,335

7.Consumption Taxes Payable

Total Current Liabilities
Fixed Liabilities

Net Assets
Stockholders’ Equity

Appraisal Conversion Differences1.Appraisal Differences on Investment Securities

Total Liabilities and Net Assets

Note: Figures less than one thousand yen omitted

(2) Statements of Income(For the 6 months ended Sep 30,2008)(Thousands of yen)Account Title

6 months Ended Sep 30, 2008

AmountⅠ Net Sales

1,757,206

Ⅱ Cost of Sales

1,110,604

Gross Profit

646,601

Ⅲ Selling, General and Administrative Expenses

535,271

Operation Profit

111,330

Ⅳ Non-operating Profit

9,562

Ⅴ Non-operating Expense

4,860

Ordinary Income

116,032

Extraordinary Losses

5,455Profit Before Taxes

110,577

Tax Expenses(29,765)

Profit After Taxes

140,343
Note: Figures less than one thousand yen omitted

(For the 2nd quarter(Jul-Sep, 2008))(Thousands of yen)Account Title

2nd quarter(Jul-Sep, 2008)

AmountⅠ Net Sales

889,697

Ⅱ Cost of Sales

572,064Gross Profit

317,632

Ⅲ Selling, General and Administrative Expenses

272,753

Operating Profit

44,878

Ⅳ Non-operating Profit

8,315

Ⅴ Non-operating Expense

2,045

Ordinary Income

51,149Extraordinary Losses

5,455Profit Before Taxes

45,694Tax Expenses

6,087

Profit After Taxes

39,606
Note: Figures less than one thousand yen omitted

(3) Statements of Cash Flows(Thousands of yen)

6 months Ended Sep 30, 2008
Ⅰ Cash Flow from Operating Activities
Income Before Taxes

110,577

Depreciation and Amortization

49,049Loss on disposal of property, plant and equipment

422

Appraisal loss on investment securities

5,455

Decrease in Reserve for Bad Debts(455)

Increase in Reserve for Bonus

3,649

Increase in Reserve for Retirement Allowance

2,312

Decrease in Reserve for Loss from Discontinued Division(2,220)

Dividends Received(246)

Interest Income(383)Interest Paid

3,137

Exchange Loss

3,642

Decrease in Notes and Accounts Receivable-trade
Increase in Inventories

266,690(713)

Decrease in Notes and Accounts Payable-trade(133,157)

Others, net(24,972)

Subtotal

282,828

Interest and Dividends Received

618

Interest Paid(2,078)

Income Taxes Paid(2,126)

Net Cash Provided by Operating Activities

279,242

Ⅱ Cash Flows from Investing Activities
Payments for Purchases of Tangible Fixed Assets(14,247)

Payments for Purchases of Intangible Fixed Assets(7,936)

Revenue from Sales of Tangible Fixed Assets

2,507

Net Cash Used in Investing Activities(19,677)

Ⅲ Cash Flows from Financing Activities
Net Decrease in Short-term Loan

(132,500)

Payments for Bond Redemption(30,000)

Net Cash Used in Financing Activities(162,500)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents(3,642)

Ⅴ Net Increase in Cash and Cash Equivalents93,422

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year536,620

Ⅶ Cash and Cash Equivalents at the End of Sep 30, 2008

630,042
Note: Figures less than one thousand yen omitted.